文献类型：期刊文献

英文题名：Impact of climate resilient cities on firm-level total factor productivity: the role of digital technology

作者：Xiao, Qian[1];Yu, Lihong[1]

机构：[1]East China Univ Sci & Technol, Sch Business, 130 Meilong Rd, Shanghai 200037, Peoples R China

年份：2026

外文期刊名：APPLIED ECONOMICS

收录：;WOS:【SSCI(收录号:WOS:001717355300001)】；

基金：This work was supported by the National Social Science Fund of China [Grant No. 21AZD110].

语种：英文

外文关键词：Climate resilient cities; total factor productivity; digital technology; climate change; Q54; Q58; D24

摘要：Climate change is a major challenge to global sustainable development and a critical factor affecting firms' long-term strategic decisions. This study explores the relationship between climate-resilient cities (CRC) and firm-level total factor productivity (TFP) using a difference-in-differences (DID) model and double machine learning. The results demonstrate that the CRC significantly enhances firms' TFP in the pilot area. The mechanism analysis revealed that CRC can enhance firms' attention to climate risk and reduce their perception of uncertainty, thereby influencing TFP by improving digital technology applications and fostering digital technology innovation among firms in pilot areas. Executives' technological expertise and government innovation subsidies positively moderate the promotion of TFP by the CRC. Heterogeneity analysis shows that the promoting effect of CRC on TFP is more significant for large firms, those experiencing high climate risk, located in high-risk cities, or operating in heavily polluting industries. Furthermore, additional analysis indicates that CRC improves firms' environmental performance. The findings provide guidance for firms on mitigating climate risks and offer insights into strategies for enhancing firm-level TFP.