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...

This study employs bilateral data on external assets to examine the impact of climate policies on the reallocation of international capital. We find that the stringency of climate policy in the destination country is significantly and positively associated with an increase in the allocation of...