中国人口·资源与环境2025，Vol.35Issue(12)：115-128,14.DOI:10.12062/cpre.20250608
企业气候风险、国家适应气候变化战略与人力资本结构升级
Corporate climate risks,national climate change adaptation strategies,and the upgrading of human capital structure
摘要
Abstract
Against the backdrop of frequent global climate disasters and the ongoing efforts toward the achievement of the"dual car-bon"goals,comprehensively understanding the micro-impacts of corporate climate risks and clarifying the actual effectiveness of na-tional climate change adaptation strategies have become a focus of social attention.This study constructed a climate risk index at the corporate level based on the frequency statistics from annual report texts of listed companies,explored the impact of climate risk on the upgrading of corporate human capital,and tested the policy effects of the climate-adaptive city construction pilot projects and sponge city construction demonstration city policies.Using data from listed companies from 2010 to 2022,the study found that the overall in-crease in climate risks harmed the advanced development of corporate human capital structure.Mechanism tests suggested that an in-crease in climate risks reduced corporate R&D investment,causing enterprises to deviate from specialized operations and lowering their salary payment levels.Heterogeneity analyses showed that the inhibitory effect of climate risks on the upgrading of corporate human capital structure was weaker in state-owned enterprises,heavily polluting enterprises,large enterprises,and enterprises in industries with lower product market competition,but stronger for firms located in regions with lower levels of marketization and human capital supply.At the same time,physical risks promoted the upgrading of corporate human capital structure,while transformation risks inhibit-ed it.Further analysis revealed that the implementation of climate-adaptive city construction pilot projects and sponge city construction demonstration city policies was beneficial in mitigating the inhibitory effect of climate risks on the upgrading of corporate human capital structure.This study provides a systematic analysis of the relationship between climate risks and the upgrading of corporate human capi-tal structure,highlighting the major significance of national climate change adaptation strategies and providing important empirical evi-dence for how to promote the upgrading of corporate human capital structure and achieve high-quality economic development.关键词
气候风险/人力资本结构/气候适应Key words
climate risk/human capital structure/climate adaptation分类
管理科学引用本文复制引用
陈文,吴赢..企业气候风险、国家适应气候变化战略与人力资本结构升级[J].中国人口·资源与环境,2025,35(12):115-128,14.基金项目
内蒙古自治区社会科学基金重点项目"DeepSeek时代内蒙古算力-能源协同发展路径研究"(批准号:2025DK04) （批准号:2025DK04）
国家自然科学基金项目"央行数字货币的可控匿名及其经济影响研究——基于隐私经济学的分析范式"(批准号:72003157),"税收分成激励下工业用地出让的微观配置机制:理论模型与实证检验"(批准号:72304143) （批准号:72003157）
国家社会科学基金重点项目"企业数据资产信息披露行为选择、经济后果与对策研究"(批准号:24AJY034). （批准号:24AJY034）
