Sustainable Transformation: The Impact of Climate Risk Perception on Corporate Operational Resilience in China

Xu Zhang () and Xing Bao
Additional contact information
Xu Zhang: School of Economics and Management, Tsinghua University, Beijing 100084, China
Xing Bao: International Institute of Green Finance, Central University of Finance and Economics, Beijing 100081, China

Sustainability, 2025, vol. 17, issue 8, 1-19

Abstract: Enhancing corporate operational resilience is a core element in responding to escalating climate change risks and achieving sustainable development. Based on dynamic capabilities theory, this paper utilizes data from A-shared listed companies between 2012 and 2023 to explore how climate risk perception influences corporate operational resilience in China and identify the specific mechanisms underlying this relationship. The study found a significant positive relationship between climate risk perception and corporate operational resilience. A mechanism analysis indicated that increased climate risk perception enhanced corporate operational resilience by alleviating financing constraints, promoting technological innovation, and improving internal control quality. A heterogeneity analysis revealed that the effect of climate risk perception on corporate operational resilience was more pronounced in companies located in the central and western regions of China and in high-pollution industries. The findings of this study offer new perspectives and empirical evidence for understanding the micro-dynamics of sustainable transformation.

Keywords: climate risk perception; corporate operational resilience; financing constraints; technological innovation; internal controls (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.mdpi.com/2071-1050/17/8/3387/pdf (application/pdf)
https://www.mdpi.com/2071-1050/17/8/3387/ (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:gam:jsusta:v:17:y:2025:i:8:p:3387-:d:1632171

Access Statistics for this article

Sustainability is currently edited by Ms. Alexandra Wu

More articles in Sustainability from MDPI
Bibliographic data for series maintained by MDPI Indexing Manager ().