This study examines the impact of temperature uncertainty on firm fixed capital growth using a unique dataset that merges extensive firm-level financial data with detailed grid-level weather data. The analysis reveals a strong negative relationship between temperature uncertainty and fixed capital growth. Furthermore, the impact varies significantly across industries with differing levels of investment irreversibility and among countries with varying...
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INFORMATION
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2025/01/08
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Document de travail de recherche sur les politiques
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WPS11020
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1
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2025/01/08
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Disclosed
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Impact of Temperature Uncertainty on Firm Growth : A Grid-Level Analysis