What question did this study set out to answer?

To investigate the mechanisms through which climate risk impacts corporate resilience and evaluate the moderating effects of digital finance and green finance.

August 14, 2026Journal of Applied EconomicsOpen Access

Can “digital finance and green finance” mitigate the impact of climate risk on enterprise development resilience?

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Authors

YHYeping He SDShengli Du LLLiu Lv

Discussion

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Overview

Empirical analysis reveals climate risk weakens corporate resilience in Chinese listed firms through financing and operational burdens, indicating digital and green finance offer crucial buffers.

Key Points

To investigate the mechanisms through which climate risk impacts corporate resilience and evaluate the moderating effects of digital finance and green finance.
Empirical panel study analyzing China's A-share listed companies over the period from 2011 to 2023.
Conducted mediation analyses testing financing constraints and operational expenses, along with heterogeneity and moderation tests for digital and green finance.
Climate risk significantly reduces corporate resilience, with heterogeneity observed across firm ownership structures and geographic regions.
Financing constraints and operational costs act as partial transmission channels, worsening the adverse effects of climate hazards on corporate performance.
Both digital finance and green finance significantly buffer and alleviate the negative impact of climate risk on corporate resilience.

Cite This Study

He et al. (2026) studied this question.

synapsesocial.com/papers/6a7ec6eab70b84ec8b912efa https://doi.org/10.1080/15140326.2026.2715196

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August 14, 2026Journal of Applied EconomicsOpen Access

Can “digital finance and green finance” mitigate the impact of climate risk on enterprise development resilience?

View Full Paper

Ask AI

Bookmark

Authors

YHYeping He SDShengli Du LLLiu Lv

Discussion

Member takes

Overview

Empirical analysis reveals climate risk weakens corporate resilience in Chinese listed firms through financing and operational burdens, indicating digital and green finance offer crucial buffers.

Key Points

To investigate the mechanisms through which climate risk impacts corporate resilience and evaluate the moderating effects of digital finance and green finance.
Empirical panel study analyzing China's A-share listed companies over the period from 2011 to 2023.
Conducted mediation analyses testing financing constraints and operational expenses, along with heterogeneity and moderation tests for digital and green finance.
Climate risk significantly reduces corporate resilience, with heterogeneity observed across firm ownership structures and geographic regions.
Financing constraints and operational costs act as partial transmission channels, worsening the adverse effects of climate hazards on corporate performance.
Both digital finance and green finance significantly buffer and alleviate the negative impact of climate risk on corporate resilience.

Cite This Study

He et al. (2026) studied this question.

synapsesocial.com/papers/6a7ec6eab70b84ec8b912efa https://doi.org/10.1080/15140326.2026.2715196

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