Xu, Guoquan; Mi, Lan; Li, Xin; Tong, Yan - In: Borsa Istanbul Review 24 (2024) 1, pp. 84-94
This study investigates whether and how the perception of carbon abatement pressure affects corporate financing behavior. The results show that carbon abatement pressure increases corporate cash holdings via the channel of financing constraints, and this positive relationship still holds after a...