Fact or Fiction? — Climate Change Risk and Trade Credit
HUANG-PING YEN,
XIAOTONG YUE,
KUNG-CHENG HO
et al.
Abstract:The economic consequences of frequent weather events at the firm level have received considerable attention in recent years. This study empirically investigates the impact of climate change risk on firms’ trade credit, using Chinese-listed firms as research subjects. The results suggested that climate change risk has a negative impact on corporate trade credit by deepening firms’ financial distress and lowering the level of industry competitiveness. Both digital transformation and government transparency were … Show more
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