Kong, Dongmin; Shen, Rui; Wu, Ziqi; Zhang, Jian - 2022
This study examines whether and how climate threats (droughts) affect the innovation activities of firms in food … industries around the world. We find that firms in countries with a less positive Palmer Drought Severity Index (PDSI), i … long-term orientation. Finally, we provide suggestive evidence that national innovation activities can reduce the exposure …