Zhang, Lei; Kanagaretnam, Kiridaran; Gao, Jing - In: Journal of business ethics : JBE 190 (2024) 3, pp. 661-683
We study the relationship between climate change social norms (CCSN) and corporate cash holdings for U.S. firms. We find that county-level CCSN is significantly positively associated with cash holdings. Our main finding is robust to a battery of robustness tests. In a subsample analysis, we find...