Corporate Climate Risk and Membership of Emission Trading Schemes
Journal Article
Adamolekun, G., Ahmed, A., Kwansa, N., Lawal, R., & Sakariyahu, R. (online)
Corporate Climate Risk and Membership of Emission Trading Schemes. Business Strategy and the Environment, https://doi.org/10.1002/bse.4286
Using a sample of 5364 firms from 65 countries, we demonstrate that membership in the scheme increases firm climate risk. Further analysis reveals that the positive impact of ...
CEO power and firm decarbonisation efforts
Journal Article
Kwabi, F., Adamolekun, G., & Kyiu, A. (2025)
CEO power and firm decarbonisation efforts. International Review of Financial Analysis, 101, Article 104044. https://doi.org/10.1016/j.irfa.2025.104044
Using a global sample of 899 firms from 26 countries for the period 2000 to 2021, this study investigates the effect of CEO power on firms' decarbonisation efforts. We find th...
CEO hubris and corporate carbon footprint: The role of gender diversity
Journal Article
Kwabi, F., Fulgence, S., & Adamolekun, G. (2024)
CEO hubris and corporate carbon footprint: The role of gender diversity. Business Strategy and the Environment, 33(8), 8102-8125. https://doi.org/10.1002/bse.3909
This paper investigates the effect of an overconfident CEO on firm greenhouse gas emissions. Using panel data of 160,115 firm-year observations from 41 countries for 2000–2021...
Corporate carbon footprint and market valuation of restructuring announcements
Journal Article
Adamolekun, G., & Kyiu, A. (2025)
Corporate carbon footprint and market valuation of restructuring announcements. Review of Quantitative Finance and Accounting, 64(2), 595–620. https://doi.org/10.1007/s11156-024-01315-y
The call for greener and more sustainable corporate practices triggered a surge in corporate restructuring. In this study, we investigate the impact of carbon emissions on the...
Firm-level pollution and membership of emission trading schemes
Journal Article
Adamolekun, G., Adedoyin, F. F., & Siganos, A. (2024)
Firm-level pollution and membership of emission trading schemes. Journal of Environmental Management, 351, Article 119970. https://doi.org/10.1016/j.jenvman.2023.119970
Several firms have joined emission trading schemes in response to the call for corporate climate action. Using a comprehensive international data set on corporate membership o...
Carbon price and firm greenhouse gas emissions
Journal Article
Adamolekun, G. (2024)
Carbon price and firm greenhouse gas emissions. Journal of Environmental Management, 349, Article 119496. https://doi.org/10.1016/j.jenvman.2023.119496
Drawing on the recent enthusiasm in the carbon markets, I examine the impact of carbon prices on firm greenhouse gas (GHG) emissions. Using a sample of 1591 firms from 23 Euro...
Origin Region Wealth Effect and Inbound Tourism to Europe
Journal Article
Adamolekun, G., & Kladakis, G. (in press)
Origin Region Wealth Effect and Inbound Tourism to Europe. Tourism Analysis, https://doi.org/10.3727/108354223x16951532650252
Despite the role of wealth in modelling the propensity to consume luxurious goods and services, the literature has so far neglected the role of wealth as inferred from the sto...
Excess Cash Holdings, Stock Returns, and Investment Organicity: Evidence from UK Investment Announcements
Journal Article
Jones, E., Li, H., & Adamolekun, O. (in press)
Excess Cash Holdings, Stock Returns, and Investment Organicity: Evidence from UK Investment Announcements. Abacus, https://doi.org/10.1111/abac.12275
This paper examines whether the market reaction to investment announcements is conditional on company excess cash holdings. Cash may convey significant price-relevant informat...
Supply side sentiments and international travel: a novel dynamic simulation of policy options for business and investor sentiments
Journal Article
Adamolekun, G., Adedoyin, F. F., & Ozturk, I. (in press)
Supply side sentiments and international travel: a novel dynamic simulation of policy options for business and investor sentiments. Journal of Policy Research in Tourism, Leisure and Events, https://doi.org/10.1080/19407963.2022.2142235
The tourism literature widely documents how emotions, mood and optimism drive the demand for tourism. However, the literature is mute on whether sentiment plays a role in the ...
Corporate carbon emissions and market valuation of organic and inorganic investments
Journal Article
Adamolekun, G., Kwansa, N. A., & Kwabi, F. (2022)
Corporate carbon emissions and market valuation of organic and inorganic investments. Economics Letters, 221, Article 110887. https://doi.org/10.1016/j.econlet.2022.110887
We empirically examine the impact of a firm’s carbon emissions level on the market valuation of organic and inorganic investments. We document that the market reacts negativel...