| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w24516 |
| 来源ID | Working Paper 24516 |
| Firm-Level Financial Resources and Environmental Spills | |
| Jonathan Cohn; Tatyana Deryugina | |
| 发表日期 | 2018-04-16 |
| 出版年 | 2018 |
| 语种 | 英语 |
| 摘要 | Using novel US environmental spill data, we document a robust negative relationship between the number of spills a firm experiences in a given year and its contemporaneous and lagged (but not future) cash flow. In addition, studying two natural experiments, we find an increase (decrease) in spills following negative (positive) shocks to a firm's financial resources, both in absolute terms and relative to control firms. Overall, our results suggest that firms' financial resources play an important role in their ability to mitigate environmental risk. |
| 主题 | Financial Economics ; Corporate Finance ; Environmental and Resource Economics ; Environment |
| URL | https://www.nber.org/papers/w24516 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/582189 |
| 推荐引用方式 GB/T 7714 | Jonathan Cohn,Tatyana Deryugina. Firm-Level Financial Resources and Environmental Spills. 2018. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w24516.pdf（1557KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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