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CEO exposure to abnormally hot temperature and corporate carbon emissions

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  • Garel, Alexandre
  • Petit-Romec, Arthur

Abstract

This paper examines whether CEOs react to personal experience with global warming. Using a difference-in-differences setting, we find that CEOs’ exposure to abnormally hot temperature leads to a decrease in corporate carbon emissions intensity. Our results shed light on the role played by CEOs’ perception of the reality of climate change in reducing corporate carbon emissions.

Suggested Citation

  • Garel, Alexandre & Petit-Romec, Arthur, 2022. "CEO exposure to abnormally hot temperature and corporate carbon emissions," Economics Letters, Elsevier, vol. 210(C).
    • Handle: RePEc:eee:ecolet:v:210:y:2022:i:c:s0165176521004298
    DOI: 10.1016/j.econlet.2021.110156
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    Cited by:

    1. Ahmad, Muhammad Farooq & Aktas, Nihat & Croci, Ettore, 2023. "Climate risk and deployment of corporate resources to working capital," Economics Letters, Elsevier, vol. 224(C).

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    More about this item

    Keywords

    Carbon emissions; Climate change; CEO behavior; Personal experience;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming

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