 Compromise or struggle: Extreme temperatures and environmental corporate social responsibility in ChinaJing Zhang and Meng Li Economic Analysis and Policy, 2024, vol. 84, issue C, 1872-1894 Abstract: This article uses China's A-share listed companies from 2008 to 2020 as a sample to examine the impact of extreme temperatures on environmental corporate social responsibility (ECSR). The results show that extreme temperatures can significantly enhance companies' performance of ECSR. Extreme temperatures primarily compel companies to engage in ECSR activities by increasing the costs of debt financing, reducing income levels, and intensifying government environmental regulations, thereby mitigating the negative impact of extreme temperature events on corporate production and operation activities. Further research found that in SOEs, companies with high government subsidies, and companies with executives with overseas experience, extreme temperatures have a more significant role in promoting ECSR. This article provides a novel perspective and micro-evidence for studying the external driving factors of ECSR, and provides useful enlightenment for managing climate risks and realizing the green and low-carbon transformation of China's economy. Keywords: Extreme temperatures; Environmental corporate social responsibility; Corporate governance; Environmental regulation; Green development (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:84:y:2024:i:c:p:1872-1894 DOI: 10.1016/j.eap.2024.11.010 Access Statistics for this article Economic Analysis and Policy is currently edited by Clevo Wilson More articles in Economic Analysis and Policy from Elsevier |
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