Dr Guanming He guanming.he@durham.ac.uk
Associate Professor
Does air pollution impair investment efficiency?
He, G.; Lin, T.
Authors
T. Lin
Abstract
Using a sample of 2,174 Chinese listed firms for the period 2014-2019, we examine whether air pollution impairs investment efficiency of firms. We find robust evidence that air pollution is negatively associated with firms’ investment efficiency, and that this association is more pronounced for small firms, non-state-owned firms, financially constrained firms, and firms confronted with high business risk or intense industrial product market competition.
Citation
He, G., & Lin, T. (2022). Does air pollution impair investment efficiency?. Economics Letters, 215, Article 110490. https://doi.org/10.1016/j.econlet.2022.110490
Journal Article Type | Article |
---|---|
Acceptance Date | Apr 3, 2022 |
Online Publication Date | Apr 11, 2022 |
Publication Date | 2022-06 |
Deposit Date | Apr 3, 2022 |
Publicly Available Date | Mar 28, 2024 |
Journal | Economics Letters |
Print ISSN | 0165-1765 |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 215 |
Article Number | 110490 |
DOI | https://doi.org/10.1016/j.econlet.2022.110490 |
Public URL | https://durham-repository.worktribe.com/output/1208668 |
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Journal Pre-proof [ACCEPTED MANUSCRIPT] © 2022 This manuscript version is made available under the CC-BY-NC-ND 4.0 license http://creativecommons.org/licenses/by-nc-nd/4.0/
[PRE-PROOF] © 2022 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY
license (http://creativecommons.org/licenses/by/4.0/).
[VERSION OF RECORD) © 2022 The Author(s). Published by Elsevier B.V. This is an open access article under the CC BY license (http://creativecommons.org/licenses/by/4.0/).
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Publisher Licence URL
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