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Whether the narrative innovation disclosure in financial report captures incremental useful information content beyond traditional real innovative activities (i.e., R&D intensity and patent)? To what extent the narrative innovation disclosure is related to real innovative activities? Is there...
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In this study, we explore how climate risk affect corporate innovation using a sample collected from 293 cities in China between 2014 to 2020. We construct a city-level climate risk indicator to measure the degree of damage from climate-related natural disasters, and find that climate risk has a...
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