How does urban climate adaptation policy reshape corporate sustainable transformation decisions? From perspective of green mergers and acquisitions
Bibliographic Data
| ID | 22428554 |
|---|---|
| Authors | E Lin (0000-0001-7606-6194, Fujian Institute of Education), Chenkai Huang (0000-0003-3755-5133, University of Leeds), Luoyi Zhu (Xi’an Jiaotong-Liverpool University), Yining Chen (0000-0001-7366-1959, Xiamen University), Junbing Xu (0000-0002-3199-6248, Minjiang University) |
| Year | 2026 |
| Volume | 18 |
| Issue | 1 |
| Pages | 296-316 |
| Publication date | 2026-12-14 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | International Journal of Climate Change Strategies and Management (JOURNAL) |
| Journal identifiers | ISSN: 1756-8692 • E-ISSN: 1756-8706 |
| Publisher | Emerald (PUBLISHER) |
| DOI | 10.1108/ijccsm-08-2025-0267 |
| OpenAlex | W7160379580 |
| Language | EN |
| References cited | 49 |
Purpose This paper aims to explore whether and how urban climate adaptation policy affects corporate green mergers and acquisitions (GMAs). Design/methodology/approach Using a difference-in-differences model, this paper identifies the causal effects of urban climate adaptation policy on GMAs. Findings Results reveal that urban climate adaptation policy would promote corporate GMAs. Specifically, after the urban climate adaptation policy implementation, corporate in pilot cities stimulated GMA activities by an average of 4.8% compared to those in non-pilot cities. This effect is more prominent for state-owned enterprises and corporate in high energy-intensive industries. Furthermore, the study findings show that improvement of institutional investors and an increase in analyst coverage are two channels. Originality/value This study advances a synergistic governance framework that integrates climate adaptation with environmental sustainability, offering actionable pathways for policymakers.
Climate change · Climate change adaptation · Climate governance · Climate policy · Corporate governance · Mergers and acquisitions · Corporate Social Responsibility Reporting · Energy, Environment, Economic Growth · Sustainability and Climate Change Governance
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WTO Accession and Performance of Chinese Manufacturing Firms
Signaling Theory
Social Media and Mental Health
Does carbon emission trading scheme improve corporate green mergers and acquisitions? Evidence from Chinese industrial enterprises
The effect of climate change and adaptation policy on agricultural production in Eastern Africa
Can the green merger and acquisition strategy improve the environmental protection investment of listed company
The evolution of climate governance in China
| Citation velocity | historical |
|---|---|
| Highly cited | No |