TY - JOUR AU - Enríquez Perales, Sarela AU - García Gómez, Conrado Diego AU - Díez Esteban, José María PY - 2026 SN - 1544-6123 UR - https://uvadoc.uva.es/handle/10324/82692 AB - This study examines the association between country-level climate vulnerability and firm-level stock return volatility in Europe. Using panel data on 490 listed firms across 17 European countries from 2013 to 2022, we find that firms located in more... LA - eng PB - Elsevier KW - Climate vulnerability KW - Climate risk KW - Stock return volatility KW - Financial constraints KW - Equity markets KW - Europe TI - Climate vulnerability and market volatility: Evidence from European firms DO - 10.1016/j.frl.2026.109598 ER -