Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Title A name given to the resource Faculty Publications Article Faculty Publications -Articles Dublin Core The Dublin Core metadata element set is common to all Omeka records, including items, files, and collections. For more information see, http://dublincore.org/documents/dces/. Creator An entity primarily responsible for making the resource Akanksha, Akanksha; Manickam, Thirupathi Title A name given to the resource Climate Performance and Firm Valuation: A Meta-Analysis of Tobins Q in the Post-IPCC AR6 Era Date A point or period of time associated with an event in the lifecycle of the resource 01-01-2026 Source A related resource from which the described resource is derived Journal of Risk and Financial Management;Volume;19;Issue;2;Article No.;112; Identifier An unambiguous reference to the resource within a given context <a href="https://doi.org/10.3390/jrfm19020112" target="_blank" rel="noreferrer noopener">https://doi.org/10.3390/jrfm19020112</a> <br /><br /><a href="https://www.scopus.com/pages/publications/105031079687?origin=resultslist" target="_blank" rel="noreferrer noopener">https://www.scopus.com/pages/publications/105031079687?origin=resultslist</a> Coverage The spatial or temporal topic of the resource, the spatial applicability of the resource, or the jurisdiction under which the resource is relevant Akanksha A., Department of Commerce, Christ University, Bengaluru, 560073, India; Manickam T., Department of Professional Studies, Christ University, Bengaluru, 560073, India Description An account of the resource This study examines whether corporate climate performance is reflected in firm valuation by synthesising recent empirical evidence, using Tobins Q as a forward-looking indicator of market expectations. Employing a random-effects meta-analysis of 30 peer-reviewed studies published between 2020 and 2025 across multiple industries and regions, the findings reveal a modest yet statistically significant positive association between stronger climate performance and higher market valuations, suggesting that investors increasingly incorporate climate-related information into firm pricing. Contrary to prevailing assumptions in the literature, proactive climate strategies, such as emissions-reduction initiatives, do not systematically generate greater valuation benefits than disclosure-oriented approaches; both exhibit comparable positive effects. Similarly, valuation outcomes do not differ materially between self-reported and externally verified climate data. Meta-regression analysis identifies data source as the only statistically significant moderator, although its influence remains nuanced. Overall, the results indicate that climate performance enhances firm valuation in a context-dependent manner, challenging the view that only proactive strategies or externally verified data are uniquely rewarded by financial markets. The study contributes to the sustainable and corporate finance literature by clarifying how capital markets price climate-related corporate behaviour under heterogeneous strategic responses. 2026 by the authors. Subject The topic of the resource climate performance; climate risk; firm valuation; meta-analysis; sustainable finance; Tobins Q Publisher An entity responsible for making the resource available Multidisciplinary Digital Publishing Institute (MDPI) Relation A related resource ISSN: 19118066; Language A language of the resource English Type The nature or genre of the resource Article Rights Information about rights held in and over the resource All Open Access; Hybrid Gold Open Access Format The file format, physical medium, or dimensions of the resource online