The warning of haze: weather and corporate investment
文献类型：期刊论文
| 作者 | Zhang, Xiuping3; Wang, Shouyang1; Meng, Qingbin2; Wu, Weixing3 |
| 刊名 | ACCOUNTING AND FINANCE
 |
| 出版日期 | 2019-12-01 |
| 卷号 | 59期号:5页码:3029-3052 |
| 关键词 | Corporate investment Risk aversion Weather |
| ISSN号 | 0810-5391 |
| DOI | 10.1111/acfi.12566 |
| 英文摘要 | 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. |
| WOS研究方向 | Business & Economics |
| 语种 | 英语 |
| WOS记录号 | WOS:000505277800008 |
| 出版者 | WILEY |
| 源URL | [http://ir.amss.ac.cn/handle/2S8OKBNM/50486]  |
| 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.Chinese Acad Sci, Acad Math & Syst Sci, Beijing, Peoples R China 2.Renmin Univ China, Sch Business, Beijing, Peoples R China 3.Univ Int Business & Econ, Sch Banking & Finance, 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. |
入库方式： OAI收割
来源：数学与系统科学研究院
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