Climate change adaptation plans.
| Panel A: Sea level rise | ||||
|---|---|---|---|---|
| (1) MESt+1 | (2) ΔCoVart+1 | (3) MESt+1 | (4) ΔCoVart+1 | |
| Adaptation plans | -0.0089***(-7.59) | -0.0014***(-10.35) | -0.0073** (-4.59) | -0.0006 (-1.46) |
| Sea level rise | 0.0018 (1.00) | 0.0002 (1.58) | 0.0017 (0.94) | 0.0000 (0.04) |
| Adaptation plans* Sea level rise | 0.0150 (1.55) | -0.0028* (-1.89) | ||
| Controls | Yes | Yes | Yes | Yes |
| Firm fixed effects | Yes | Yes | Yes | Yes |
| Time fixed effects | Yes | Yes | Yes | Yes |
| Cluster by firm | Yes | Yes | Yes | Yes |
| Observations | 36821 | 36821 | 36821 | 36836 |
| Adjusted R2 | 0.3610 | 0.8690 | 0.5728 | 0.3760 |
| Panel B: Firm-level environmental risk | ||||
| (1) MESt+1 | (2) ΔCoVart+1 | (3) MESt+1 | (4) ΔCoVart+1 | |
| Adaptation plans | -0.0153***(-8.67) | -0.0017*** (-6.10) | -0.0128*** (-5.75) | -0.0014*** (-3.61) |
| Firm-level environmental risk | 1.1352*** (4.91) | 0.1236*** (4.27) | 1.2254*** (4.64) | 0.1347*** (4.07) |
| Adaptation plans* Firm-level environmental risk | -0.5430* (-1.71) | -0.0667 (-1.33) | ||
| Controls | Yes | Yes | Yes | Yes |
| Firm fixed effects | Yes | Yes | Yes | Yes |
| Time fixed effects | Yes | Yes | Yes | Yes |
| Cluster by firm | Yes | Yes | Yes | Yes |
| Observations | 6949 | 6949 | 6949 | 6949 |
| Adjusted R2 | 0.3288 | 0.6777 | 0.3292 | 0.6778 |
| Panel A: Sea level rise | ||||
|---|---|---|---|---|
| (1) MESt+1 | (2) | (3) MESt+1 | (4) | |
| Adaptation plans | -0.0089***(-7.59) | -0.0014***(-10.35) | -0.0073** (-4.59) | -0.0006 (-1.46) |
| Sea level rise | 0.0018 (1.00) | 0.0002 (1.58) | 0.0017 (0.94) | 0.0000 (0.04) |
| Adaptation plans* Sea level rise | 0.0150 (1.55) | -0.0028* (-1.89) | ||
| Controls | Yes | Yes | Yes | Yes |
| Firm fixed effects | Yes | Yes | Yes | Yes |
| Time fixed effects | Yes | Yes | Yes | Yes |
| Cluster by firm | Yes | Yes | Yes | Yes |
| Observations | 36821 | 36821 | 36821 | 36836 |
| Adjusted R | 0.3610 | 0.8690 | 0.5728 | 0.3760 |
| Panel B: Firm-level environmental risk | ||||
| (1) MESt+1 | (2) | (3) MESt+1 | (4) | |
| Adaptation plans | -0.0153***(-8.67) | -0.0017*** (-6.10) | -0.0128*** (-5.75) | -0.0014*** (-3.61) |
| Firm-level environmental risk | 1.1352*** (4.91) | 0.1236*** (4.27) | 1.2254*** (4.64) | 0.1347*** (4.07) |
| Adaptation plans* Firm-level environmental risk | -0.5430* (-1.71) | -0.0667 (-1.33) | ||
| Controls | Yes | Yes | Yes | Yes |
| Firm fixed effects | Yes | Yes | Yes | Yes |
| Time fixed effects | Yes | Yes | Yes | Yes |
| Cluster by firm | Yes | Yes | Yes | Yes |
| Observations | 6949 | 6949 | 6949 | 6949 |
| Adjusted R | 0.3288 | 0.6777 | 0.3292 | 0.6778 |
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