Emilia Garcia-Appendini
Title
Prof. Dr
Last Name
Garcia-Appendini
First name
Emilia
Email
emilia.garcia-appendini@unisg.ch
Phone
+41 71 224 7760
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Item type:Publication, Does Climate Change Affect Firm Sales? Identifying Supply Effects(2026-09-03); Lam, AdrianWe estimate the supply side effect of climate change on firm sales by exploiting variation in local temperature across suppliers of the same client. We find that suppliers experiencing a 1°C increase in average daily temperature decrease their sales by 2%. In addition, extreme hot and cold weather events lead to larger drops in sales. The effect is more pronounced among suppliers in manufacturing and heat-sensitive industries, which is consistent with lower labor productivity and labor supply when temperatures are higher. Financially constrained suppliers are more affected due to their lack of financial flexibility to adapt to changes in temperatures.Type:journal articleJournal:Journal of Financial and Quantitative AnalysisVolume:forthcoming - Some of the metrics are blocked by yourconsent settings
Item type:Publication, Rewiring Supply Chains Through Uncoordinated Climate Policy(2024)