Climate change as a financial risk: what new firms and investors need to know

Addi Manolopoulou speaks to Professors Shima Amini and Abdul Mohamed about their recent research on how climate change risk affects the performance of newly listed firms in the US. The discussion highlights how drought exposure, investor sentiment, and mandatory climate disclosures influence Initial Public Offerings (IPO) outcomes. With implications for investors, policy makers, and company leaders, the findings position climate risk as a financial concern, not just an environmental one. 

This episode was recorded in July 2025. If you would like to get in touch regarding this episode, please contact research.lubs@leeds.ac.uk. A transcript of this episode is available.  

Read the journal article: “Climate change risk, investor sentiment, and the performance of new entrant firms”, Small Business Economics. 

About the speakers: 

Addi Manolopoulou is the Departmental Manager for the Accounting and Finance Department at Leeds University Business School. She is committed to translating complex research into real-world impact.   

Professor Shima Amini is Chair in Entrepreneurial Finance. Her research is focused on entrepreneurial finance, initial public offering, venture capital, private equity, corporate finance, behavioural finance, and market microstructure.   

Professor Abdul Mohamed is Chair in Accounting and Finance. His research interests are in the area of corporate finance, venture capital, bankruptcy, and market-based accounting research.