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气候风险如何影响公司增长:来自中国的证据
Yanxue Zhang1,2, Zirong Li1,2
1School of Economics and Business Administration, Yibin University, Yibin, Sichuan, China.
PloS one
|February 25, 2026
概括
气候风险对企业增长产生非线性影响,在适度水平上促进增长,但在过度水平上阻碍增长. 金融发展影响了企业如何感知和适应气候挑战,影响了增长潜力.
科学领域:
- 环境经济学环境经济学
- 企业金融公司财务
- 风险管理 风险管理
背景情况:
- 气候风险对企业发展构成重大威胁,影响运营和战略规划.
- 了解气候风险与企业增长之间的复杂关系对于可持续的商业战略至关重要.
研究的目的:
- 研究气候风险对企业增长及其传播机制的影响.
- 探索金融发展在气候风险与公司增长关系中的缓解作用.
主要方法:
- 利用了中国A股上市公司 (2008-2022) 的数据.
- 应用了挑战-威胁理论框架来分析气候风险影响.
- 通过内部控制和成本效益来研究非线性关系和间接影响.
主要成果:
- 在气候风险和企业增长之间发现了反转的U形关系.
- 适度的气候风险通过适应性战略刺激增长;过度的风险阻碍了增长.
- 金融发展和管理者的认知评估缓和了气候风险与增长的联系.
结论:
- 气候风险是企业发展的双刃剑.
- 金融发达地区的企业可以更好地利用气候风险促进增长.
- 洞察力支持气候风险管理的动态反应和差异化政策.
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