Climate change exposure, oil price uncertainty, and managerial ownership: Insights from textual analysis
Issued Date
2025-12-01
Resource Type
eISSN
26662787
Scopus ID
2-s2.0-105003242946
Journal Title
Energy and Climate Change
Volume
6
Rights Holder(s)
SCOPUS
Bibliographic Citation
Energy and Climate Change Vol.6 (2025)
Suggested Citation
Ongsakul V., Jiraporn P., Chintrakarn P., Chatjuthamard P. Climate change exposure, oil price uncertainty, and managerial ownership: Insights from textual analysis. Energy and Climate Change Vol.6 (2025). doi:10.1016/j.egycc.2025.100187 Retrieved from: https://repository.li.mahidol.ac.th/handle/123456789/109839
Title
Climate change exposure, oil price uncertainty, and managerial ownership: Insights from textual analysis
Author(s)
Corresponding Author(s)
Other Contributor(s)
Abstract
We examine the impact of oil price uncertainty on firm-specific climate change exposure, with a focus on the moderating role of managerial ownership. Using a comprehensive dataset generated from sophisticated textual analysis of conference earnings calls, we find that oil price uncertainty significantly increases overall climate change exposure, with managerial ownership playing a crucial moderating role. Firms with higher managerial ownership demonstrate reduced regulatory risks and enhanced new business opportunities in response to oil price volatility. Moreover, we explore how the effect of oil price uncertainty on climate change exposure evolves over time and find that the strength of this effect remains stable. These results highlight the importance of aligning managerial incentives with long-term sustainability goals to mitigate climate risks and capitalize on emerging opportunities.