The warning of haze: weather and corporate investment

doi:10.1111/acfi.12566

CSpace

	The warning of haze: weather and corporate investment
	Zhang, Xiuping 1; Wang, Shouyang 2; Meng, Qingbin 3; Wu, Weixing 1
	2019-12-01
发表期刊	ACCOUNTING AND FINANCE
ISSN	0810-5391
卷号	59 期号:5 页码:3029-3052
摘要	This paper investigates whether air quality affects corporate investment. Using a sample of Chinese A-share listed firms from 2007 to 2013, this paper finds that poor air quality is negatively associated with corporate investment and reduction of corporate investment due to air pollution intensifies with manager risk aversion. In addition, this paper provides evidence against the alternative explanation that corporate investment decreases due to government air-quality regulations. Furthermore, this paper also suggests that poor air quality is negatively associated with investment efficiency. These findings complement existing literature on how weather conditions affect corporate financial decisions.
关键词	Corporate investment Risk aversion Weather
DOI	10.1111/acfi.12566
收录类别	SCI
语种	英语
WOS研究方向	Business & Economics
WOS类目	Business, Finance
WOS记录号	WOS:000505277800008
出版者	WILEY
引用统计
文献类型	期刊论文
条目标识符	http://ir.amss.ac.cn/handle/2S8OKBNM/50487
专题	中国科学院数学与系统科学研究院
通讯作者	Meng, Qingbin
作者单位	1.Univ Int Business & Econ, Sch Banking & Finance, Beijing, Peoples R China 2.Chinese Acad Sci, Acad Math & Syst Sci, Beijing, Peoples R China 3.Renmin Univ China, Sch Business, Beijing, Peoples R China
推荐引用方式 GB/T 7714	Zhang, Xiuping,Wang, Shouyang,Meng, Qingbin,et al. The warning of haze: weather and corporate investment[J]. ACCOUNTING AND FINANCE,2019,59(5):3029-3052.
APA	Zhang, Xiuping,Wang, Shouyang,Meng, Qingbin,&Wu, Weixing.(2019).The warning of haze: weather and corporate investment.ACCOUNTING AND FINANCE,59(5),3029-3052.
MLA	Zhang, Xiuping,et al."The warning of haze: weather and corporate investment".ACCOUNTING AND FINANCE 59.5(2019):3029-3052.