企业在气候风险与区域政府收入关系中的作用

IF 6.9 2区经济学 Q1 BUSINESS, FINANCE

Finance Research Letters Pub Date : 2025-03-21 DOI:10.1016/j.frl.2025.107252

Dahai Yu , Yao Tan

{"title":"企业在气候风险与区域政府收入关系中的作用","authors":"Dahai Yu , Yao Tan","doi":"10.1016/j.frl.2025.107252","DOIUrl":null,"url":null,"abstract":"<div><div>Most domestic enterprises perceive overseas relocation as infeasible. By developing a damage ranking index to evaluate relative climate change risks across China's 31 provincial regions and using panel data from 2003 to 2019, this study reveals that enterprises exhibit complete mediation effects in the relationship between climate change risk and governmental income. Large enterprises and private enterprises exhibit the most and least sensitivities, respectively, to external influences. Furthermore, comparative heterogeneity tests suggest that, within the context of rapid regional development, only minor damage from climate disasters has occurred in China, implying that its domestic climate regulations are primarily motivated by a commitment to global climate mitigation responsibilities.</div></div>","PeriodicalId":12167,"journal":{"name":"Finance Research Letters","volume":"79 ","pages":"Article 107252"},"PeriodicalIF":6.9000,"publicationDate":"2025-03-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":"{\"title\":\"The role of enterprises in the relationship between climate risk and regional governmental income\",\"authors\":\"Dahai Yu , Yao Tan\",\"doi\":\"10.1016/j.frl.2025.107252\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"<div><div>Most domestic enterprises perceive overseas relocation as infeasible. By developing a damage ranking index to evaluate relative climate change risks across China's 31 provincial regions and using panel data from 2003 to 2019, this study reveals that enterprises exhibit complete mediation effects in the relationship between climate change risk and governmental income. Large enterprises and private enterprises exhibit the most and least sensitivities, respectively, to external influences. Furthermore, comparative heterogeneity tests suggest that, within the context of rapid regional development, only minor damage from climate disasters has occurred in China, implying that its domestic climate regulations are primarily motivated by a commitment to global climate mitigation responsibilities.</div></div>\",\"PeriodicalId\":12167,\"journal\":{\"name\":\"Finance Research Letters\",\"volume\":\"79 \",\"pages\":\"Article 107252\"},\"PeriodicalIF\":6.9000,\"publicationDate\":\"2025-03-21\",\"publicationTypes\":\"Journal Article\",\"fieldsOfStudy\":null,\"isOpenAccess\":false,\"openAccessPdf\":\"\",\"citationCount\":\"0\",\"resultStr\":null,\"platform\":\"Semanticscholar\",\"paperid\":null,\"PeriodicalName\":\"Finance Research Letters\",\"FirstCategoryId\":\"96\",\"ListUrlMain\":\"https://www.sciencedirect.com/science/article/pii/S154461232500515X\",\"RegionNum\":2,\"RegionCategory\":\"经济学\",\"ArticlePicture\":[],\"TitleCN\":null,\"AbstractTextCN\":null,\"PMCID\":null,\"EPubDate\":\"\",\"PubModel\":\"\",\"JCR\":\"Q1\",\"JCRName\":\"BUSINESS, FINANCE\",\"Score\":null,\"Total\":0}","platform":"Semanticscholar","paperid":null,"PeriodicalName":"Finance Research Letters","FirstCategoryId":"96","ListUrlMain":"https://www.sciencedirect.com/science/article/pii/S154461232500515X","RegionNum":2,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"BUSINESS, FINANCE","Score":null,"Total":0}

引用次数: 0

摘要

大多数国内企业认为海外搬迁是不可行的。利用2003 - 2019年的面板数据，构建了中国31个省区相对气候变化风险的损害排序指标，结果表明，企业在气候变化风险与政府收入之间表现出完全的中介效应。大型企业和私营企业对外部影响的敏感度分别最高和最低。此外，比较异质性检验表明，在区域快速发展的背景下，中国仅发生了轻微的气候灾害损害，这意味着其国内气候法规的主要动机是对全球气候减缓责任的承诺。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

查看原文本刊更多论文

The role of enterprises in the relationship between climate risk and regional governmental income

Most domestic enterprises perceive overseas relocation as infeasible. By developing a damage ranking index to evaluate relative climate change risks across China's 31 provincial regions and using panel data from 2003 to 2019, this study reveals that enterprises exhibit complete mediation effects in the relationship between climate change risk and governmental income. Large enterprises and private enterprises exhibit the most and least sensitivities, respectively, to external influences. Furthermore, comparative heterogeneity tests suggest that, within the context of rapid regional development, only minor damage from climate disasters has occurred in China, implying that its domestic climate regulations are primarily motivated by a commitment to global climate mitigation responsibilities.

求助全文

通过发布文献求助，成功后即可免费获取论文全文。去求助

来源期刊

Finance Research Letters BUSINESS, FINANCE-

CiteScore

11.10

自引率

14.40%

发文量

863

期刊介绍： Finance Research Letters welcomes submissions across all areas of finance, aiming for rapid publication of significant new findings. The journal particularly encourages papers that provide insight into the replicability of established results, examine the cross-national applicability of previous findings, challenge existing methodologies, or demonstrate methodological contingencies. Papers are invited in the following areas: Actuarial studies Alternative investments Asset Pricing Bankruptcy and liquidation Banks and other Depository Institutions Behavioral and experimental finance Bibliometric and Scientometric studies of finance Capital budgeting and corporate investment Capital markets and accounting Capital structure and payout policy Commodities Contagion, crises and interdependence Corporate governance Credit and fixed income markets and instruments Derivatives Emerging markets Energy Finance and Energy Markets Financial Econometrics Financial History Financial intermediation and money markets Financial markets and marketplaces Financial Mathematics and Econophysics Financial Regulation and Law Forecasting Frontier market studies International Finance Market efficiency, event studies Mergers, acquisitions and the market for corporate control Micro Finance Institutions Microstructure Non-bank Financial Institutions Personal Finance Portfolio choice and investing Real estate finance and investing Risk SME, Family and Entrepreneurial Finance