Extreme Weather and Ratings on Corporate Climate Mitigation Policies

Dong Chen
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引用次数: 2

Abstract

Using county-level data on severe meteorological events in the United States, I show that, controlling for county fixed effects, the annual number of extreme weather events (EWEs) sustained at a county significantly improves the subsequent rating of the climate mitigation policies of a firm headquartered in that county. I also find that more recent EWEs have a more pronounced impact on climate ratings than more distant ones. The results show that managerial experiential processing of weather information is important to determine corporate climate actions.
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极端天气和企业气候减缓政策评级
利用美国县级严重气象事件数据,我表明,在控制县固定效应的情况下,一个县持续的极端天气事件(ees)的年数量显著提高了总部设在该县的一家公司随后对气候缓解政策的评级。我还发现,较近的ewe对气候评级的影响比较远的ewe更明显。结果表明,天气信息的管理经验处理对企业气候行动的决定具有重要意义。
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