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Does air pollution impair investment efficiency?

He, G.; Lin, T.

Does air pollution impair investment efficiency? Thumbnail


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 Apr 14, 2022
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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Publisher Licence URL
http://creativecommons.org/licenses/by/4.0/

Copyright Statement
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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