Three Essays on the Influence of Climate Change on Corporate Behaviors

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Date

2022-12-14

Authors

Zhang, Lei

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Abstract

This dissertation follows the “three papers” dissertation model. It consists of three independent papers but with a related theme focusing on the capital market effects of climate change. The macroeconomic effects of climate change have been well documented in the literature, however, less is known about how climate change influences economic activities at the micro level. The dissertation fills this gap in and contributes to the literature by exploring the influence of climate disasters on firms’ information environment, and the influence of climate change social norms on firms’ cash holding behaviors and conditional conservatism.

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Accounting

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