Shaping sustainability: How corporate reputation can be enhanced under climate change conditions

Junyu Pan, Ahmed Hunjra (), Maria Giuseppina Bruna, Shikuan Zhao and Elie Bouri

Finance Research Letters, 2024, vol. 62, issue PA

Abstract: This paper examines the impact of global warming on corporate reputation. Using data on Chinese listed firms from 2012 to 2022, corporate reputation scores and ratings are constructed, and panel regressions conducted. The findings demonstrate a significantly negative impact of global warming (as measured by the average urban temperature) on corporate reputation. Firm risk-taking counteracts the negative impact of rising temperatures on corporate reputation, highlighting its ability to circumvent reputational damage under climate change. Firms located in non-resource cities, operating in non-labour-intensive industries, and boasting top environmental, social, and governance (ESG) rankings are more sensitive to the negative impact.

Keywords: Corporate reputation; Global warming; Climate change conditions; Chinese firms; Risk-taking capacity (search for similar items in EconPapers)
Date: 2024
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (5)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:finlet:v:62:y:2024:i:pa:s1544612324002046

DOI: 10.1016/j.frl.2024.105174

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