IDEAS home Printed from https://ideas.repec.org/a/wly/buseth/v30y2021i4p570-587.html
   My bibliography  Save this article

Extreme weather and ratings on corporate climate mitigation policies

Author

Listed:
  • Dong Chen

Abstract

This study examines whether the extreme weather events (EWEs) incurred at the headquarters of firms have an impact on their climate mitigation policies. I show that, controlling for county fixed effects, the annual number of EWEs at the headquarter counties of the largest public firms in the US significantly improves the subsequent ratings of their climate mitigation policies, with recent EWEs having a more pronounced impact. I also find that the EWEs at the neighboring counties do not have a similar effect, and provide some evidence that the impact of EWEs on climate ratings is stronger for weakly governed firms, and that some EWEs positively affect the likelihood of utility firms’ expressing a concern for climate risk through their SEC filings. These results support the idea that personal weather experiences can influence managerial belief in anthropogenic climate change which in turn affects corporate climate mitigation policies.

Suggested Citation

  • Dong Chen, 2021. "Extreme weather and ratings on corporate climate mitigation policies," Business Ethics, the Environment & Responsibility, John Wiley & Sons, Ltd., vol. 30(4), pages 570-587, October.
    • Handle: RePEc:wly:buseth:v:30:y:2021:i:4:p:570-587
    DOI: 10.1111/beer.12379
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/beer.12379
    Download Restriction: no
    File URL: https://libkey.io/10.1111/beer.12379?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:wly:buseth:v:30:y:2021:i:4:p:570-587. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://onlinelibrary.wiley.com/journal/26946424 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.