CSR activity in response to the Paris Agreement exit
研究发现,美国宣布退出巴黎协定后,碳密集型行业的美国企业环境绩效改善速度显著快于其他行业,且这一效应集中在受公众关注度高的企业,表明企业利用退出事件向外界传递气候承诺信号。
Abstract In 2017, U.S. President Donald Trump announced his intention to withdraw the United States from the Paris Agreement. Although there were concerns that the exit would impede the global effort to reduce greenhouse gas emissions, the environmental performance of U.S. firms in carbon‐intensive sectors improved after the announcement at a significantly higher pace than firms in other sectors. Moreover, our findings are concentrated among firms exposed to higher public attention. One implication is that firms under greater public scrutiny used the United States' departure from the agreement as an opportunity to credibly signal their commitment to combating global climate change.