What does this research mean for the field?

Heightened exposure to natural disasters significantly reduces firm value, particularly for firms with high ESG ratings in China. Novelty: ClaimNovelty.CONTRADICTORY. Consensus alignment: ConsensusAlignment.CHALLENGES_CONSENSUS.

What question did this study set out to answer?

This research investigates how natural disasters influence corporate valuation, focusing on ESG performance in China.

March 7, 2026International Review of Economics & FinanceOpen Access

Natural Disasters, Corporate ESG Performance and Firm Value

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This research investigates how natural disasters influence corporate valuation, focusing on ESG performance in China.
Analyzed the relationship between natural disasters and corporate valuations.
Compared firms with varying ESG performance, particularly in relation to operational risks.
Examined the differences in impact on non-state-owned versus state-owned enterprises.
Natural disasters significantly decrease firm value, especially for firms with high ESG ratings.
Firms with strong ESG commitments incur higher operational costs during crises, affecting profitability.
The negative impact is greater for non-state-owned enterprises and firms with low resilience or high operational risks.

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Implication

Research examines how natural disasters affect firm value in relation to ESG performance in China, highlighting implications for corporate strategies.

Cite This Study

Lu et al. (2026) studied this question.

synapsesocial.com/papers/69abc0de5af8044f7a4e9747 https://doi.org/10.1016/j.iref.2026.105082

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Implication

Research examines how natural disasters affect firm value in relation to ESG performance in China, highlighting implications for corporate strategies.

Natural Disasters, Corporate ESG Performance and Firm Value

Key Points

Discussion

Implication

Cite This Study

Natural Disasters, Corporate ESG Performance and Firm Value

Key Points

Discussion

Implication

Cite This Study

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