-level financial constraints, country-level financial development, and the Paris Agreement. Using a sample of 15,612 firms across 13 … firms with higher financial constraints and in countries with higher levels of financial development. We also find that the …

empirical work on this topic, even though these firms often face financial constraints. We contribute by using detailed data on … credit ratings in Sweden as a measure of financial constraints. We then use panel regressions and a regression …