Resilient reserves: Climate adaptive pilot cities policy and firms’ cash holdings

Changcai Luo, Dixin Cai and Junbing Xu

Economic Analysis and Policy, 2025, vol. 86, issue C, 510-527

Abstract: Climate mitigation and adaptation are indispensable pillars of global climate governance. Although there are growing research on studying the mitigation, it still lacks sufficient empirical evidence regarding the real economic effects of adaptation.

Keywords: CAPC policy; Firms’ cash holdings; Climate governance; Climate adaptation; Climate mitigation (search for similar items in EconPapers)
JEL-codes: G34 G38 O18 Q54 Q56 Q58 (search for similar items in EconPapers)
Date: 2025
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecanpo:v:86:y:2025:i:c:p:510-527

DOI: 10.1016/j.eap.2025.03.045

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