证券市场导报Issue(10)：30-42,54,14.
从脆弱性到适应性:气候风险对供应链韧性的影响研究
摘要
Abstract
Global climate risks have exerted significant impacts on corporate supply chains,making the mitigation of climate risk's adverse effects on supply chain resilience an urgent issue.Using A-share listed companies on the Shanghai and Shenzhen stock exchanges as a sample,this paper employs text analysis methods and machine learning techniques to construct climate risk indicators and investigates the impact of climate risk on supply chain resilience.The research findings indicate that climate risk reduces supply chain matching efficiency and increases production costs,thereby diminishing supply chain resilience.Heterogeneity analysis shows that climate risk has a more significant negative impact on supply chain resilience for enterprises located upstream in the industrial chain,with lower levels of green development,and lower managerial capabilities.Further analysis reveals that from an internal management perspective,enhancing digital technology innovation,improving resource adjustment flexibility,and strengthening ESG performance can effectively mitigate the negative impact of climate risk on supply chain resilience.In addition,from an external supervision perspective,creating a positive media environment to form a"demonstration effect"and implementing pilot policies for climate-adaptive urban construction can also effectively mitigate the negative impact of climate risk on supply chain resilience.This paper provides a new perspective for understanding supply chain resilience from the standpoint of climate risk and offers insights for enterprises to build climate-adaptive supply chains.关键词
气候风险/供应链韧性/气候适应性Key words
climate risk/supply chain resilience/climate adaptability分类
管理科学引用本文复制引用
余怒涛,成杭,阮萍,王蓬..从脆弱性到适应性:气候风险对供应链韧性的影响研究[J].证券市场导报,2025,(10):30-42,54,14.基金项目
国家自然科学基金资助项目"供应链客户关系与上市公司大股东行为研究——基于股权质押视角"(项目编号:72262034)、云南省科技厅基础研究项目"金融契约执行与企业绿色技术创新增进机制创新研究"(项目编号:202401AU070106)、云南财经大学科学研究基金项目"党组织参与公司治理对企业ESG表现的影响研究"(项目编号:2024H17) （项目编号:72262034）
