This paper constructs a novel measure of climate risk at the firm level by adopting a textual analysis method. The measure captures the share of conversations on earnings conference calls that center on climate- and weather-related keywords, allowing us not only to construct a total climate risk...

This study uses Chinese firm export data to investigate the heterogeneous impact of economic policy uncertainty (EPU) faced by firms on export recovery, and then explores the moderating effect of the regional digital economy. We find that the rise in EPU due to external shocks weakens firms'...