Quantitative inspection of the impact of extreme weather on corporate performance
09:35, August 19, 2022 Source: "China Social Sciences", August 19, 2022, Issue 2474 Author: Yao Xiaodan/Compilation

This newspaper comprehensive foreign media reported that the official website of the University of Otto University in New Zealand published a message on August 11,A study by David Lont, a professor of the Department of Accounting and Finance of the School, showed a display.,Extreme high -temperature weather will lead to an increase in the cost of the enterprise、Customer reduction、Sales bet365 Play online games decrease,Make corporate performance adversely affected。Longte and Martien Lubberink, associate professor of the University of Victoria, Victoria University of New Zealand with the School of Accounting and Commercial Law of New Zealand,Analysis of extreme high -temperature weather appeared in the British and EU members from 2001 to 2019,It is found that local companies will suffer financial losses in extreme weather。Generally speaking,After the critical value of more than 25 ° C,Temperature every 1 ℃,The average annual sales of enterprises affected by the affected areas will decrease by Bet365 lotto review 0.63%,Average profit margin will decrease by 0.16%。This also means,If the losses of all interviewed enterprises are added together,The temperature will cause a total of $ 614 million every 1 ° C。

Longte thinks,This phenomenon may be caused by multiple reasons。For example,If the weather is too hot,Corporate employees will have to reduce the workload,Lead of decline in production efficiency。The hot weather will also reduce people's out -out,This will bring a decline in demand。In addition,Extremely high temperature weather can also cause infrastructure conditions to deteriorate,bet365 Play online games Then disturb the operating arrangements of the enterprise and increase the operating cost of the enterprise。Lu Bernick said,Although some companies can sell more products during the duration of extreme high temperature weather,For example,When people use air conditioners and other electrical appliances,Power sales of power companies may be improved,But its production cost may also increase。

Longte and others also found,Compared with the duration of extreme high temperature weather,High temperature intensity has a greater impact on corporate performance,and companies in the fragile areas of the climate are even more affected。

(Yao Xiaodan/Compilation)

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