Green Response: The Impact of Climate Risk Exposure on ESG Performance DOI Open Access
Yin Tang, Da Gao,

Xuemei Zhou

et al.

Sustainability, Journal Year: 2024, Volume and Issue: 16(24), P. 10895 - 10895

Published: Dec. 12, 2024

Climate risk’s effects on society and economic development are becoming more pronounced, enterprises have to seize the opportunity for green transformation. Based public company data from 2011 2022, this study explores causal relationship between climate risk exposure (CRE) ESG performance by using a two-way fixed effect mode. The results indicate that CRE significantly enhances firms’ performance, which makes improvements in environmental practices. impact of promotion is particularly pronounced state-owned low-polluting businesses. In addition, it can improve through potential channels, such as employing executives, improving protection, boosting innovation. Meanwhile, digital level financing constraints play an effective moderating role. Further discussion shows increase has prompted firms fulfill responsibilities reduce carbon emissions. This provides new quantitative evidence how respond risk, expanding existing research performance. It further examines specific path companies’ transformation firm-level insights policymakers address change. These enrich theoretical system management help strengthen awareness cope with sustainable development.

Language: Английский

How do climate risks affect corporate energy intensity? Evidence from China DOI
Ang Li, Yuze Ma, Bin Li

et al.

Energy, Journal Year: 2025, Volume and Issue: unknown, P. 135636 - 135636

Published: March 1, 2025

Language: Английский

Citations

0

Resilient Reserves: Climate Adaptive Pilot Cities Policy and Firms’ Cash Holdings DOI

Cong Luo,

Dongxu Cai, Junbing Xu

et al.

Economic Analysis and Policy, Journal Year: 2025, Volume and Issue: unknown

Published: March 1, 2025

Language: Английский

Citations

0

Firm-level climate risk exposure, ESG disclosure and stock liquidity. Evidence from textual analysis DOI Creative Commons
Asis Kumar Sahu, Byomakesh Debata

China Accounting and Finance Review, Journal Year: 2025, Volume and Issue: unknown

Published: Feb. 12, 2025

Purpose This study examines the impact of firm-level climate risk exposure (FCRE) on firm stock liquidity by using a sample Indian-listed firms from financial years 2003–2004 to 2022–2023. Further, it endeavors investigate moderating role environmental, social and governance (ESG) disclosure in this relationship. Design/methodology/approach A novel text-based FCRE metric is introduced sophisticated Word2Vec model through Python-generated algorithm for each year based management discussions analysis (MD&A) reports. The panel fixed effect used how affects liquidity. Findings result shows that negatively firms’ liquidity, remains robust after addressing endogeneity concerns. In addition, we find high ESG rating significantly moderated adverse FCRE. Furthermore, our reveals investor sentiment, information quality, corporate life cycle institutional holdings moderate Practical implications offers valuable insights investors, managers policymakers integrating into investment strategies, improving shaping policies incentivize sustainable behavior. Originality/value To best knowledge, an early explore relationship between firm-specific advanced machine learning techniques. It contributes existing literature illustrating can lead market reactions while highlighting critical roles practices, sentiment quality influencing

Language: Английский

Citations

0

Climate risk exposure of global energy companies: Green chain vulnerability and countermeasures DOI
Shuai Che, Miaomiao Tao, Xiaohang Ren

et al.

Journal of Environmental Management, Journal Year: 2025, Volume and Issue: 378, P. 124755 - 124755

Published: March 3, 2025

Language: Английский

Citations

0

Blockchain applications: promotion of green innovation DOI
Xing Fang, Yuansheng Jiang

Management Decision, Journal Year: 2024, Volume and Issue: unknown

Published: Aug. 16, 2024

Purpose This paper aims to address the gaps in current research by exploring how blockchain technology influences corporate green innovation. Design/methodology/approach study investigates potential of stimulate innovation companies using difference-in-difference model with a panel data set 1,803 Chinese listed from 2012 2019. Findings The application significantly increases number invention patents obtained but has no significant impact on utility patents, that is, applications improve quality rather than quantity role promoting is particularly pronounced state-owned enterprises, non-heavily polluting industries and older companies. use helps reduce sales costs boosts development investments, thereby encouraging Additionally, company’s internal control plays moderating effect. Originality/value Firstly, previous primarily centered its relationship supply chain management. article empirically tests DID method. Secondly, studies mainly explore influencing factors patents. examines both identifies distinct effects. Finally, this introduces mechanism enterprises into explores between

Language: Английский

Citations

3

The impact of corporate climate risk perception on green outward foreign direct investment DOI
Yanxi Li, Delin Meng, Lan Wang

et al.

Environmental Science and Pollution Research, Journal Year: 2024, Volume and Issue: 31(33), P. 45602 - 45621

Published: July 6, 2024

Language: Английский

Citations

1

Challenges of Environmental Business Practices: A Proposed Sustainable Green Industrial Development Model for Manufacturing Enterprises in Guangdong Province, China DOI Creative Commons
Xueyuan Xu

Frontiers in Business Economics and Management, Journal Year: 2024, Volume and Issue: 17(2), P. 245 - 266

Published: Nov. 30, 2024

Grounded in Institutional Theory, Resource-Based View (RBV), and Diffusion of Innovation the study examines how SMEs navigate resource constraints, supply chain management, regulatory frameworks, awareness gaps pursuing sustainable green development. The research utilizes a quantitative-descriptive approach with causal-comparative design employs purposive sampling to select 303 SME owners from Guangdong Province, China. Data were collected through structured survey focusing on business practices like energy-efficient technologies, waste minimization, partnering environmentally responsible suppliers, water-saving integrating environmental considerations into product designs, renewable energy investment implementing an Environmental Management System (EMS). Findings reveal that recognize importance practices, they face less challenges allocation, awareness, management landscape.

Language: Английский

Citations

0

Corporate Green Transformation and Bankruptcy Risk: Empirical Evidence from Chinese Manufacturing Firms DOI
Yong Li, Ling Qin,

Zhenrong He

et al.

Published: Jan. 1, 2024

Language: Английский

Citations

0

Economic uncertainty and climate change exposure DOI
Gamze Öztürk Danışman, Seda Bilyay-Erdoğan, Ender Demir

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 373, P. 123760 - 123760

Published: Dec. 31, 2024

Language: Английский

Citations

0

Are Climate-Policy-Relevant Sectors Vulnerable to Climate Risk? DOI
Yajie Yang, Longfeng Zhao,

Zhe Zhai

et al.

SSRN Electronic Journal, Journal Year: 2024, Volume and Issue: unknown

Published: Jan. 1, 2024

The vulnerability of financial markets to climate risk has received significant attention and become a prominent topic in policy debates, especially following the Paris Agreement. In this study, we propose Climate-Policy-Relevant Sectors (CPRS) classification for China create three climate-related indices. We then analyze impact on time-frequency spillover effects across CPRS using method quantile-on-quantile method. Our findings indicate: (i) there is consistent upward trend indices, indicating growing China; (ii) energy-intensive sector acts as transmitter both time frequency domains, while fossil fuel primarily serves receiver; (iii) risks amplify among short term. These results confirm exposure landscape CPRS. insights obtained from study can provide valuable guidance policy-makers investors effectively managing risk.

Language: Английский

Citations

0