Can “digital finance and green finance” mitigate the impact of climate risk on enterprise development resilience?
「デジタル金融とグリーンファイナンス」は気候リスクが企業の発展レジリエンスに与える影響を緩和できるか？ (AI 翻訳)
Yeping He, Shengli Du, Liu Lv
🤖 gxceed AI 要約
日本語
本研究は2011〜2023年の中国A株上場企業を対象に、気候リスクが企業のレジリエンスに与える影響と、グリーンファイナンスおよびデジタルファイナンスの緩和効果を実証分析した。気候リスクは企業レジリエンスを有意に低下させ、資金調達制約と運営コストが部分的な媒介要因であることを示した。さらに、グリーンファイナンスとデジタルファイナンスがこの負の影響を緩和することを明らかにした。
English
This study empirically examines the impact of climate risk on corporate resilience using Chinese A-share listed companies from 2011 to 2023. It finds that climate risk significantly reduces resilience, with financing constraints and operational costs as partial mediators. Both green finance and digital finance alleviate this negative effect, offering policy implications.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本ではSSBJ開示やTCFD対応が進む中、気候リスクが企業財務・レジリエンスに与える影響の実証は投資家対応やリスク管理に示唆を与える。グリーンファイナンスの緩和効果は、日本のグリーンローン市場やトランジション・ファイナンスの政策設計にも参考になる。
In the global GX context
This paper contributes to global climate finance literature by providing empirical evidence from China on how climate risk affects corporate resilience and how green and digital finance can mitigate it. It offers insights for policymakers and financial institutions in emerging markets and beyond, complementing TCFD/ISSB-aligned risk assessments.
👥 読者別の含意
🔬研究者:Provides empirical evidence on climate risk transmission channels and moderating role of green/digital finance, useful for further research.
🏢実務担当者:Highlights the importance of green finance instruments in building corporate resilience to climate risk.
🏛政策担当者:Suggests that promoting green and digital finance can help mitigate climate risk impacts on firms.
📄 Abstract（原文）
As climate change continues to alter global ecological systems, it is also imposing significant pressure on corporate operations. This study empirically examines the theoretical mechanisms and transmission channels through which climate risk influences corporate resilience, focusing on China's A-share listed companies between 2011 and 2023. Additionally, the moderating effects of green finance and digital finance are explored. The findings reveal that climate risks significantly reduce corporate resilience. However, their impacts exhibit notable heterogeneity across regional distributions and ownership structures. The study identifies financing constraints and operational costs as partial mediators, suggesting that climate risks weaken corporate resilience by exacerbating financing difficulties and increasing operational expenses. Furthermore, the analysis demonstrates that both green finance and digital finance alleviate the negative effects of climate risk on corporate resilience. Based on these findings, some suggestions for mitigating the impact of climate risk and improving enterprise development resilience are given from many aspects.
🔗 Provenance — このレコードを発見したソース
- openalex https://doi.org/10.1080/15140326.2026.2715196first seen 2026-08-15 05:01:10
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