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Climate Change and Corporate Cash Holdings : Global Evidence

Javadi, Siamak; Al Masum, Abdullah; Mollagholamali, Mohsen - 2021

Using data from 41 different countries including the United States, we provide novel empiricalevidence that firms increase their cash holdings as a response to climate risk. This effect is drivenby financially constrained firms and becomes significantly stronger after the release of the...

Persistent link: https://www.econbiz.de/10013244687

Carbon Risk and Corporate Cash Holdings

Wu, Zhenshu; Shih, Yi-Cheng; Wang, Yao; Zhong, Rui - 2023

The adoption of Paris agreement to reduce carbon emissions in response to global climate change exacerbates the uncertainty of high-carbon emitters. We document that high-carbon emitters choose to increase cash holdings after the adoption of Paris Agreement in the context of Chinese listed...

Persistent link: https://www.econbiz.de/10014255059

Green Investment by Firms : Finance or Climate Driven?

Kalantzis, Fotios; Schweiger, Helena; Dominguez, Sofia - 2022

and Development–European Investment Bank–World Bank Group Enterprise Surveys, this paper empirically examines the role of …There is limited research on the determinants of firms’ green investment strategies in developing regions despite their … importance to meet global climate change targets. Understanding how changes in firm climate investment affect environmental …

Persistent link: https://www.econbiz.de/10014082462

Climate Change Exposure and Firm Cash Holdings

Heo, Yuna - 2021

Using firm-level climate change exposure data, we show that firms significantly increase their cash holdings in response to increases in climate changes. Our results are robust to using alternative climate change measures and alternative cash ratio measures. We present that the increase in cash...

Persistent link: https://www.econbiz.de/10013241372

Temperature trend and corporate cash holdings

Gounopoulos, Dimitrios; Zhang, Yu - In: Financial management : FM 53 (2024) 3, pp. 471-499

Persistent link: https://www.econbiz.de/10015130682

Climate change social norms and corporate cash holdings

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...

Persistent link: https://www.econbiz.de/10014493967

Beyond climate change risk : biodiversity and corporate cash holdings

Ahmad, Muhammad Farooq; Karpuz, Ahmet - In: Economics letters 236 (2024), pp. 1-4

Persistent link: https://www.econbiz.de/10015072073

Do climate-exposed firms hold more cash? : global evidence

Ma, Rufei; Fu, Xinxin; Ji, Qiang; Zhai, Pengxiang - In: Economics letters 237 (2024), pp. 1-5

Persistent link: https://www.econbiz.de/10015073920

Climate change and corporate cash holdings : global evidence

Javadi, Siamak; Al Masum, Abdullah; Aram, Mohsen; Rao, … - In: Financial management : FM 52 (2023) 2, pp. 253-295

Persistent link: https://www.econbiz.de/10014304517

Exploring options to measure the climate consistency of real economy investments : the transport sector in Latvia

Dobrinevski, Alexander; Jachnik, Raphaël - 2020

highlights future investment and financing challenges, especially for road transport. The methodology piloted in this study can …

Persistent link: https://www.econbiz.de/10012422659