He, G. and Lin, T. (2022) 'Does air pollution impair investment efficiency?', Economics letters., 215 . p. 110490.
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.
| Item Type: | Article |
|---|---|
| Full text: | Publisher-imposed embargo (AM) Accepted Manuscript Available under License - Creative Commons Attribution Non-commercial No Derivatives 4.0. File format - PDF (770Kb) |
| Full text: | (P) Proof Available under License - Creative Commons Attribution 4.0. Download PDF (Journal Pre-proof) (1328Kb) |
| Full text: | (VoR) Version of Record Available under License - Creative Commons Attribution 4.0. Download PDF (384Kb) |
| Status: | Peer-reviewed |
| Publisher Web site: | https://doi.org/10.1016/j.econlet.2022.110490 |
| Publisher statement: | [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/). |
| Date accepted: | 03 April 2022 |
| Date deposited: | 06 April 2022 |
| Date of first online publication: | 11 April 2022 |
| Date first made open access: | 14 April 2022 |
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