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| DOI | 10.1007/s10551-024-05682-3 |
| Standing Up or Standing By: Abnormally Hot Temperatures and Corporate Environmental Engagement | |
| 发表日期 | 2024 |
| ISSN | 0167-4544 |
| EISSN | 1573-0697 |
| 英文摘要 | This study investigates how abnormally hot temperatures affect firms' environmental behaviors in China. We find that firms exposed to abnormally hot temperatures participate in more environmental engagement. We also find that this improvement effect is driven mainly by environmental concerns, including public concerns, CEOs, and governments. Our results remain intact after an array of robustness tests. Further analysis shows that the effect of abnormally hot temperatures on corporate environmental engagement is more pronounced in SOEs, heavily polluting firms, and firms located closer to local environmental protection agencies. Based on the political pressure channel, our results indicate that the improvement effect is more prominent in politically connected firms, cities where local officials can wield more influence, local governments have larger financial slack, and local governments disclose their environmental targets. Moreover, the positive impact of environmental engagement on firm value is stronger when firms are exposed to abnormally hot temperatures. Overall, this study sheds light on the potential stimulation of firms' environmental actions by global warming, which is yet to be fully understood. |
| 英文关键词 | Abnormally hot temperature; Climate change; Corporate environmental engagement; Environmental supervision |
| 语种 | 英语 |
| WOS研究方向 | Business & Economics ; Social Sciences - Other Topics |
| WOS类目 | Business ; Ethics |
| WOS记录号 | WOS:001215348900001 |
| 来源期刊 | JOURNAL OF BUSINESS ETHICS
 |
| 文献类型 | 期刊论文 |
| 条目标识符 | http://gcip.llas.ac.cn/handle/2XKMVOVA/287416 |
| 作者单位 | University of Hong Kong; Zhongnan University of Economics & Law; Zhongnan University of Economics & Law; Shanghai University of Finance & Economics; Shanghai Business School |
| 推荐引用方式 GB/T 7714 | . Standing Up or Standing By: Abnormally Hot Temperatures and Corporate Environmental Engagement[J],2024. |
| APA | (2024).Standing Up or Standing By: Abnormally Hot Temperatures and Corporate Environmental Engagement.JOURNAL OF BUSINESS ETHICS. |
| MLA | "Standing Up or Standing By: Abnormally Hot Temperatures and Corporate Environmental Engagement".JOURNAL OF BUSINESS ETHICS (2024). |
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