Climate Risk and Firm Performance: Evidence From Transportation Firms

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Author(s): Sajad Bagow (National Univeersity of Technology, Srinagar, India), Nufazil Ahamd Altaf (National Univeersity of Technology, Srinagar, India), Ahra Qayoom (National Univeersity of Technology, Srinagar, India)and Bilal Wani (National Univeersity of Technology, Srinagar, India)
Copyright: 2025
Pages: 26
Source title: Sustainable Futures With Life Cycle Assessment in Industry 5.0
Source Author(s)/Editor(s): Kittisak Wongmahesak (Universiti Sultan Zainal Abidin, Malaysia), Fazida Karim (University Sultan Zainal Abidin, Malaysia)and Nititorn Wongchestha (Chongqing Technology and Business University, China)
DOI: 10.4018/979-8-3693-9346-8.ch020

Keywords: Business Science Reference / Environment & Agriculture / Sustainable Business Practices / Sustainable Development

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Abstract

In this study we investigate the relationship between climate risk and firm performance for 627 transportation firms from 45 countries. Our findings confirm significant negative relationship of climate risk on firm performance and such results have been robust to the battery of robustness tests. Also these results remain robust across all the three sectors (Marine, Air Freight Logistics and Airlines, and Road and Rail firms) of transportation industry. We also find significant moderating role of financial constraints and investment efficiency on the relationship between climate risk and firm performance. Specifically, we found that the negative relationship between climate risk and firm performance is more pronounced for transportation firms facing high financial constraints and having low investment efficiency.

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Climate Risk and Firm Performance: Evidence From Transportation Firms

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