Climate risk exposure and corporate financial distress

被引：0
|
作者：
Li, Weiwei [1 ]
Yang, Junwen [2 ]
Ning, Zihao [1 ]
机构：
[1] Woosong Univ, SolBridge Int Sch Business, Daejeon 34613, South Korea
[2] East China Univ Sci & Technol, Sch Business, Shanghai, Peoples R China
来源：
APPLIED ECONOMICS LETTERS | 2024年
关键词：
Climate risk; financial distress; financial constraints; risk-taking;
D O I：
10.1080/13504851.2024.2383258
中图分类号：
F [经济];
学科分类号：
02 ;
摘要：
This study investigates the relationship between firm-level climate risk and the occurrence of financial distress within a sample of Chinese listed companies spanning from 2007 to 2022. We find that climate risk significantly accelerates financial distress. Additionally, the empirical evidence suggests that climate risk exacerbates financial distress primarily through the mechanisms of heightened financial constraints and increased risk-taking.
引用
收藏
页数：7
相关论文
共 50 条
  • [41] Institutions and corporate financial distress in Central and Eastern Europe
    Stef, Nicolae
    EUROPEAN JOURNAL OF LAW AND ECONOMICS, 2021, 52 (01) : 57 - 87
  • [42] Can corporate digital transformation alleviate financial distress?
    Cui, Lin
    Wang, Yanshu
    FINANCE RESEARCH LETTERS, 2023, 55
  • [43] Corporate governance and financial distress: Evidence from Taiwan
    Lee, TS
    Yeh, YH
    CORPORATE GOVERNANCE-AN INTERNATIONAL REVIEW, 2004, 12 (03) : 378 - 388
  • [44] Corporate governance, blockholders, and financial distress: Global evidence
    Celiktas, Mehmet
    Ugurlu, Mine
    Yilmaz, Neslihan
    ACCOUNTING AND FINANCE, 2024,
  • [45] Institutions and corporate financial distress in Central and Eastern Europe
    Nicolae Stef
    European Journal of Law and Economics, 2021, 52 : 57 - 87
  • [46] Determinants of corporate financial distress: A CEO overconfidence perspective
    Ho, Chao-Rung
    APPLIED ECONOMICS, 2024,
  • [47] Corporate Governance Determinants for The Mitigation of The Likelihood of Financial Distress
    Ahmad, Hafiz Mahmud
    Adhariani, Desi
    PROCEEDINGS OF THE INTERNATIONAL CONFERENCE ON BUSINESS AND MANAGEMENT RESEARCH (ICBMR-17), 2017, 36 : 1 - 11
  • [48] TECHNICAL ASSUMPTIONS OF MODELS PREDICTING CORPORATE FINANCIAL DISTRESS
    Camska, Dagmar
    9TH INTERNATIONAL DAYS OF STATISTICS AND ECONOMICS, 2015, : 286 - 294
  • [49] The Financial Distress of Corporate Personality: A Perspective from Fiqh
    Busari, Saheed Abdullahi
    Zakariyah, Luqman
    Muhammad, Amanullah
    Aziz, Akhtarzaite Bint Abdul
    INTELLECTUAL DISCOURSE, 2019, 27 (01) : 245 - 268
  • [50] Impact of Corporate Governance on Performance for Companies in Financial Distress
    Cao Chong-yan
    Lu Lu
    Duan Chang-tao
    PROCEEDINGS OF 2009 INTERNATIONAL CONFERENCE ON PUBLIC ADMINISTRATION (5TH), VOL II, 2009, : 681 - 686
12345