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Can CEO's environmental concern mitigate the impact of extreme weather on the performance of listed companies?

Published: 04 June 2024 Publication History

Abstract

With the frequent occurrence of severe weather in recent years, the company has been increasingly concerned about environmental protection, which is reflected in the increase of investment in environmental protection and active participation in international environmental protection conferences.This paper takes Shanghai and Shenzhen 300 listed companies as the research object. By collecting the number of meetings attended by shenzhen and Shanghai 300 constituent companies, using the national temperature observation data from 2015 to 2021 and the occurrence of extreme weather in various provinces and cities across the country. The empirical results show that when enterprises increase their attention to and investment in environmental protection in the face of severe weather, the impact of extreme weather on corporate performance can be reduced, thus reducing the economic losses caused by extreme weather. This proves that good environmental protection attention of CEOs can promote the growth of corporate financial performance.

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BDET '23: Proceedings of the 2023 5th International Conference on Big Data Engineering and Technology
July 2023
33 pages
ISBN:9798400707537
DOI:10.1145/3631701
Permission to make digital or hard copies of all or part of this work for personal or classroom use is granted without fee provided that copies are not made or distributed for profit or commercial advantage and that copies bear this notice and the full citation on the first page. Copyrights for components of this work owned by others than the author(s) must be honored. Abstracting with credit is permitted. To copy otherwise, or republish, to post on servers or to redistribute to lists, requires prior specific permission and/or a fee. Request permissions from [email protected].

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Association for Computing Machinery

New York, NY, United States

Publication History

Published: 04 June 2024

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  1. Key words:severe weather;environmental protection;enterprise value;Executive

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