Climate Risks for Investors' Green Attentions From China?

ABSTRACT With global warming, climate risk has become an important factor influencing investors' decision‐making. This study empirically examines how climate risk influences investors' green attentions and explores the underlying mechanisms by developing a conceptual model that links climate risk to investors' green attentions. The results show that climate risk greatly heightens investors' green attentions, and a series of robustness tests, the conclusion remains valid. This research contributes to the existing body of literature regarding the effects of climate risk from the viewpoint of investors and enhances the involvement of investors in the governance of corporate climate risk.