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...

In this paper, we examine the trade-offs firms make in their voluntary disclosure decisions following negative media coverage of climate change incidents. We combine a keyword discovery algorithm and a fine-tuned BERT model to identify “hard” and “soft” climate disclosures on Twitter. We...