{"id":"https://openalex.org/W7131623824","doi":"https://doi.org/10.3390/systems14030238","title":"Climate Risk Perception and Firms\u2019 Energy Productivity: Evidence from China","display_name":"Climate Risk Perception and Firms\u2019 Energy Productivity: Evidence from China","publication_year":2026,"publication_date":"2026-02-26","ids":{"openalex":"https://openalex.org/W7131623824","doi":"https://doi.org/10.3390/systems14030238"},"language":"en","primary_location":{"id":"doi:10.3390/systems14030238","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems14030238","pdf_url":"https://www.mdpi.com/2079-8954/14/3/238/pdf","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"type":"article","indexed_in":["crossref","doaj"],"open_access":{"is_oa":true,"oa_status":"gold","oa_url":"https://www.mdpi.com/2079-8954/14/3/238/pdf","any_repository_has_fulltext":true},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5109784985","display_name":"Jue Wang","orcid":null},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":true,"raw_author_name":"Jue Wang","raw_affiliation_strings":["School of Business, Gachon University, Seongnam 13120, Republic of Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Gachon University, Seongnam 13120, Republic of Korea","institution_ids":["https://openalex.org/I12832649"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5126898227","display_name":"Cong Nie","orcid":null},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Cong Nie","raw_affiliation_strings":["School of Business, Gachon University, Seongnam 13120, Republic of Korea"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"School of Business, Gachon University, Seongnam 13120, Republic of Korea","institution_ids":["https://openalex.org/I12832649"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5049727728","display_name":"Shanyue Jin","orcid":"https://orcid.org/0000-0002-4835-8664"},"institutions":[{"id":"https://openalex.org/I12832649","display_name":"Gachon University","ror":"https://ror.org/03ryywt80","country_code":"KR","type":"education","lineage":["https://openalex.org/I12832649"]}],"countries":["KR"],"is_corresponding":false,"raw_author_name":"Shanyue Jin","raw_affiliation_strings":["School of Business, Gachon University, Seongnam 13120, Republic of Korea"],"raw_orcid":"https://orcid.org/0000-0002-4835-8664","affiliations":[{"raw_affiliation_string":"School of Business, Gachon University, Seongnam 13120, Republic of Korea","institution_ids":["https://openalex.org/I12832649"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":3,"corresponding_author_ids":["https://openalex.org/A5109784985"],"corresponding_institution_ids":["https://openalex.org/I12832649"],"apc_list":{"value":1600,"currency":"CHF","value_usd":1732},"apc_paid":{"value":1600,"currency":"CHF","value_usd":1732},"fwci":28.4677,"has_fulltext":true,"cited_by_count":1,"citation_normalized_percentile":{"value":0.98897109,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":96,"max":98},"biblio":{"volume":"14","issue":"3","first_page":"238","last_page":"238"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.42399999499320984,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T10115","display_name":"Corporate Social Responsibility Reporting","score":0.42399999499320984,"subfield":{"id":"https://openalex.org/subfields/1408","display_name":"Strategy and Management"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T13146","display_name":"Sustainable Finance and Green Bonds","score":0.08320000022649765,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11488","display_name":"Climate Change Communication and Perception","score":0.08049999922513962,"subfield":{"id":"https://openalex.org/subfields/3312","display_name":"Sociology and Political Science"},"field":{"id":"https://openalex.org/fields/33","display_name":"Social Sciences"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/productivity","display_name":"Productivity","score":0.6536999940872192},{"id":"https://openalex.org/keywords/proxy","display_name":"Proxy (statistics)","score":0.5770000219345093},{"id":"https://openalex.org/keywords/revenue","display_name":"Revenue","score":0.534500002861023},{"id":"https://openalex.org/keywords/index","display_name":"Index (typography)","score":0.45190000534057617},{"id":"https://openalex.org/keywords/energy-consumption","display_name":"Energy consumption","score":0.45019999146461487},{"id":"https://openalex.org/keywords/panel-data","display_name":"Panel data","score":0.41029998660087585},{"id":"https://openalex.org/keywords/natural-logarithm","display_name":"Natural logarithm","score":0.39500001072883606},{"id":"https://openalex.org/keywords/energy","display_name":"Energy (signal processing)","score":0.38999998569488525}],"concepts":[{"id":"https://openalex.org/C204983608","wikidata":"https://www.wikidata.org/wiki/Q2111958","display_name":"Productivity","level":2,"score":0.6536999940872192},{"id":"https://openalex.org/C2780148112","wikidata":"https://www.wikidata.org/wiki/Q1432581","display_name":"Proxy (statistics)","level":2,"score":0.5770000219345093},{"id":"https://openalex.org/C195487862","wikidata":"https://www.wikidata.org/wiki/Q850210","display_name":"Revenue","level":2,"score":0.534500002861023},{"id":"https://openalex.org/C149782125","wikidata":"https://www.wikidata.org/wiki/Q160039","display_name":"Econometrics","level":1,"score":0.4675999879837036},{"id":"https://openalex.org/C175605778","wikidata":"https://www.wikidata.org/wiki/Q3299701","display_name":"Natural resource economics","level":1,"score":0.46470001339912415},{"id":"https://openalex.org/C2777382242","wikidata":"https://www.wikidata.org/wiki/Q6017816","display_name":"Index (typography)","level":2,"score":0.45190000534057617},{"id":"https://openalex.org/C2780165032","wikidata":"https://www.wikidata.org/wiki/Q16869822","display_name":"Energy consumption","level":2,"score":0.45019999146461487},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4268999993801117},{"id":"https://openalex.org/C6422946","wikidata":"https://www.wikidata.org/wiki/Q857354","display_name":"Panel data","level":2,"score":0.41029998660087585},{"id":"https://openalex.org/C134560507","wikidata":"https://www.wikidata.org/wiki/Q753291","display_name":"Environmental economics","level":1,"score":0.4016000032424927},{"id":"https://openalex.org/C56017942","wikidata":"https://www.wikidata.org/wiki/Q204037","display_name":"Natural logarithm","level":3,"score":0.39500001072883606},{"id":"https://openalex.org/C186370098","wikidata":"https://www.wikidata.org/wiki/Q442787","display_name":"Energy (signal processing)","level":2,"score":0.38999998569488525},{"id":"https://openalex.org/C2778348673","wikidata":"https://www.wikidata.org/wiki/Q739302","display_name":"Production (economics)","level":2,"score":0.3716999888420105},{"id":"https://openalex.org/C132651083","wikidata":"https://www.wikidata.org/wiki/Q7942","display_name":"Climate change","level":2,"score":0.36629998683929443},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.3573000133037567},{"id":"https://openalex.org/C2780210451","wikidata":"https://www.wikidata.org/wiki/Q3433166","display_name":"Climate risk","level":3,"score":0.3400000035762787},{"id":"https://openalex.org/C39432304","wikidata":"https://www.wikidata.org/wiki/Q188847","display_name":"Environmental science","level":0,"score":0.3368000090122223},{"id":"https://openalex.org/C132964779","wikidata":"https://www.wikidata.org/wiki/Q2110223","display_name":"Raw data","level":2,"score":0.33559998869895935},{"id":"https://openalex.org/C107826830","wikidata":"https://www.wikidata.org/wiki/Q929380","display_name":"Environmental resource management","level":1,"score":0.33489999175071716},{"id":"https://openalex.org/C191935318","wikidata":"https://www.wikidata.org/wiki/Q148","display_name":"China","level":2,"score":0.33390000462532043},{"id":"https://openalex.org/C30772137","wikidata":"https://www.wikidata.org/wiki/Q5164762","display_name":"Consumption (sociology)","level":2,"score":0.31540000438690186},{"id":"https://openalex.org/C122637931","wikidata":"https://www.wikidata.org/wiki/Q118084","display_name":"Unit (ring theory)","level":2,"score":0.2957000136375427},{"id":"https://openalex.org/C32896092","wikidata":"https://www.wikidata.org/wiki/Q189447","display_name":"Risk management","level":2,"score":0.28940001130104065},{"id":"https://openalex.org/C26760741","wikidata":"https://www.wikidata.org/wiki/Q160402","display_name":"Perception","level":2,"score":0.2667999863624573},{"id":"https://openalex.org/C127598652","wikidata":"https://www.wikidata.org/wiki/Q558635","display_name":"Per capita","level":3,"score":0.258899986743927},{"id":"https://openalex.org/C163355716","wikidata":"https://www.wikidata.org/wiki/Q2154783","display_name":"Risk perception","level":3,"score":0.2574999928474426}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.3390/systems14030238","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems14030238","pdf_url":"https://www.mdpi.com/2079-8954/14/3/238/pdf","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},{"id":"pmh:oai:doaj.org/article:31bc23f10ae6494da8cbf5694a6bf20b","is_oa":true,"landing_page_url":"https://doaj.org/article/31bc23f10ae6494da8cbf5694a6bf20b","pdf_url":null,"source":{"id":"https://openalex.org/S4306401280","display_name":"DOAJ (DOAJ: Directory of Open Access Journals)","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"host_organization":null,"host_organization_name":null,"host_organization_lineage":[],"host_organization_lineage_names":[],"type":"repository"},"license":"cc-by-sa","license_id":"https://openalex.org/licenses/cc-by-sa","version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":"Systems, Vol 14, Iss 3, p 238 (2026)","raw_type":"article"}],"best_oa_location":{"id":"doi:10.3390/systems14030238","is_oa":true,"landing_page_url":"https://doi.org/10.3390/systems14030238","pdf_url":"https://www.mdpi.com/2079-8954/14/3/238/pdf","source":{"id":"https://openalex.org/S4210219410","display_name":"Systems","issn_l":"2079-8954","issn":["2079-8954"],"is_oa":true,"is_in_doaj":true,"is_core":true,"host_organization":"https://openalex.org/P4310310987","host_organization_name":"Multidisciplinary Digital Publishing Institute","host_organization_lineage":["https://openalex.org/P4310310987"],"host_organization_lineage_names":["Multidisciplinary Digital Publishing Institute"],"type":"journal"},"license":"cc-by","license_id":"https://openalex.org/licenses/cc-by","version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"Systems","raw_type":"journal-article"},"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/13","score":0.6719651222229004,"display_name":"Climate action"}],"awards":[],"funders":[],"has_content":{"pdf":true,"grobid_xml":true},"content_urls":{"pdf":"https://content.openalex.org/works/W7131623824.pdf","grobid_xml":"https://content.openalex.org/works/W7131623824.grobid-xml"},"referenced_works_count":29,"referenced_works":["https://openalex.org/W2101746535","https://openalex.org/W2104834906","https://openalex.org/W2109341202","https://openalex.org/W2162455264","https://openalex.org/W2766904347","https://openalex.org/W2769560411","https://openalex.org/W2795275313","https://openalex.org/W2906323621","https://openalex.org/W3081016671","https://openalex.org/W3121262326","https://openalex.org/W3121471843","https://openalex.org/W3121672512","https://openalex.org/W3121786372","https://openalex.org/W3124406257","https://openalex.org/W3124538093","https://openalex.org/W3125374214","https://openalex.org/W3125688476","https://openalex.org/W3125952890","https://openalex.org/W3131316819","https://openalex.org/W3147694226","https://openalex.org/W3173695712","https://openalex.org/W3216440289","https://openalex.org/W4233420185","https://openalex.org/W4293859715","https://openalex.org/W4322624932","https://openalex.org/W4388807328","https://openalex.org/W4391116436","https://openalex.org/W4406544866","https://openalex.org/W4413739222"],"related_works":[],"abstract_inverted_index":{"Whether":[0],"firms":[1,17],"translate":[2],"climate":[3,26],"risk":[4,27],"perception":[5,28],"into":[6,73],"energy-related":[7],"operational":[8],"productivity":[9,32,56,207],"remains":[10],"unclear.":[11],"Panel":[12],"data":[13],"on":[14,144],"non-financial":[15],"Chinese":[16],"(2012\u20132023)":[18],"are":[19,131,136],"used":[20],"to":[21,138,191],"examine":[22],"the":[23,61,79,171],"association":[24],"between":[25],"(CRP)":[29],"and":[30,41,126,150,173,181,194,201],"energy":[31,69,84,206],"(EE).":[33],"Firm-level":[34],"CRP":[35,141,187],"is":[36,58,119,124],"constructed":[37],"from":[38,189],"management":[39],"discussion":[40],"analysis":[42],"(MD&A)":[43],"sections":[44],"using":[45,167],"a":[46,96],"term":[47],"frequency\u2013inverse":[48],"document":[49],"frequency":[50],"(TF\u2013IDF)-weighted,":[51],"Word2Vec-expanded":[52],"climate-risk":[53],"lexicon.":[54],"Energy":[55],"(EE)":[57],"measured":[59],"as":[60,170],"natural":[62],"logarithm":[63],"of":[64,75,159],"operating":[65],"revenue":[66],"per":[67,83],"total":[68],"consumption":[70],"unit":[71],"converted":[72],"tons":[74],"coal":[76],"equivalent,":[77],"capturing":[78],"economic":[80],"value":[81],"generated":[82],"input":[85],"unit.":[86],"Two-way":[87],"fixed-effects":[88],"models":[89],"with":[90],"firm-level":[91],"clustered":[92],"standard":[93],"errors":[94],"show":[95],"positive":[97],"CRP\u2013EE":[98],"association.":[99],"Digital":[100],"transformation,":[101],"proxied":[102],"by":[103],"an":[104,139,151],"annual":[105],"report":[106],"text-based":[107],"index":[108],"across":[109,176],"five":[110],"digital":[111,197],"technology":[112],"domains,":[113],"partially":[114],"mediates":[115],"this":[116],"association,":[117],"which":[118],"stronger":[120],"when":[121,128],"analyst":[122],"coverage":[123],"higher":[125],"weaker":[127],"financing":[129],"constraints":[130],"more":[132],"severe.":[133],"The":[134],"results":[135],"robust":[137],"alternative":[140],"proxy":[142],"based":[143],"raw":[145],"keyword":[146],"frequency,":[147],"dynamic":[148],"specifications,":[149],"instrumental-variable":[152],"approach":[153],"exploiting":[154],"province-year":[155],"extreme-weather":[156],"exposure":[157],"(share":[158],"days":[160],"meeting":[161],"extreme":[162],"temperature":[163],"or":[164],"precipitation":[165],"thresholds),":[166],"leave-one-province-out":[168],"aggregation":[169],"instrument":[172],"systematic":[174],"heterogeneity":[175],"state":[177],"ownership,":[178],"pollution":[179],"intensity,":[180],"high-tech":[182],"status.":[183],"This":[184],"study":[185],"extends":[186],"research":[188],"disclosure-oriented":[190],"energy-productivity":[192],"outcomes,":[193],"highlights":[195],"how":[196],"capabilities,":[198],"information":[199],"scrutiny,":[200],"financial":[202],"friction":[203],"shape":[204],"climate-aware":[205],"improvements.":[208]},"counts_by_year":[{"year":2026,"cited_by_count":1}],"updated_date":"2026-05-06T08:25:59.206177","created_date":"2026-02-27T00:00:00"}