Publications

Updates see Google Scholar

(*indicates student mentee; † indicates corresponding author) 

Journal Articles In-Review and Working Manuscripts  

  • Li, D.; Gupta, R.; Zeff, H.; Characklis, G. “Managing Drought Related Financial Risks with Water Futures.” (Under Review) https://www.researchsquare.com/article/rs-8275145/v1 
  • Li, D.; Zeff, H.; Characklis, G. “Increasing Financial Resiliency of Irrigation Districts through Risk Transfer via Parametric Insurance.” Water Resources Research. (Under Review) 

Peer-review Journal Articles:

  • Petagna, C.*; Li, D.†; Gorelick, D.; Amestoy, T.; Lau, L.; Asefa, T.; Wang, H.; Svrdlin, S.; Reed, P.; Characklis, G. (2026). “Balancing Supply and Financial Risks in Water Utility Decision Making under Uncertainty.” Journal of Water Resources Planning and Management. https://doi.org/10.1061/JWRMD5.WRENG-7164 
  • Li, D.†; Adriaens, P. (2025). “Green Bond Issuance and Carbon Emissions: Can Causal Machine Learning Inform Forward-Looking Policy Decisions?” Environmental Science & Technology. https://doi.org/10.1021/acs.est.5c04966 
  • Li, D.; Saigal, R.; Adriaens, P. (2024). “Impact of Flooding and Drought Risks on the Cost of Bond Financing for Water Utilities.” Environmental Science & Technology. https://doi.org/10.1021/acs.est.4c01863.  
  • Li, D.†; Adriaens, P. (2024). “Impact of ESG Performance and Disclosure on Premiums in the Corporate Bond Market: Evidence from Propensity Score Matching.” Journal of Sustainable Finance and Investment. https://doi.org/10.1080/20430795.2024.2426485. 
  • Li, D.†; Adriaens, P. (2023). “Deconstruction of ESG Impact on US Corporate Bond Pricing: An Assessment of Cost of Capital Benefits Across Industry Sectors.” Journal of Management in Engineering.(Editor’s choice). https://doi.org/10.1061/JMENEA.MEENG-5521. 
  • Chung, K., Li, D., & Adriaens, P. (2023). “Technology-enabled financing of sustainable infrastructure: A case for blockchains and decentralized oracle networks.” Technological Forecasting and Social Change. https://doi.org/10.1016/j.techfore.2022.122258.