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Firm-Level Financial Resources and Environmental Spills

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NBER2018-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w24516
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Using novel US environmental spill data, we document a robust negative relationship between the number of spills a firm experiences in a given year and its contemporaneous and lagged (but not future) cash flow. In addition, studying two natural experiments, we find an increase (decrease) in spills
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2018-04-01
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