By Xia Li Facilities across the globe are facing climate change exposure or physical climate risks, such as sea-level rise, heat stress, wildfire and floods. In 2021, floods in Germany and China disrupted the global shipping industry. Heat stress caused substantial labor productivity loss in countries like Australia, while rising sea levels affected infrastructure investments […]
Physical climate risks, defined as risks arising from the physical effects of climate change, increasingly affect facilities worldwide across industries including foreign assets, or foreign direct investment (FDI). Despite the increasing impact of physical climate risks on firms and facilities globally, little is known about how multinational companies incorporate such risks into their overseas investment […]
Many markets have multiple voluntary certification programs that sellers use to signal product or organizational quality. While previous scholarship has emphasized the potential for competition between labels, what happens when labels are viewed as complementary? In a new journal article published in the Strategic Management Journal, Xia Li and Timothy Simcoe argue there can be positive spillovers […]
By Xia Li Certification is used in many industries to solve information problems when product quality or firm behavior is hard to assess. In fact, it is so common that many industries have multiple voluntary certification programs, including the building sector. This is true in China, where there are two widely used certifications for green […]
By Xia Li Physical climate risks, such as wildfire, heat, water stress, excess rainfall, sea level rise, hurricane and typhoons, are having impacts on firms across industries, from business interruptions to increased losses. California’s largest utility company Pacific Gas and Electric Company filed for bankruptcy protection in 2019 as climate change dramatically increases the risk […]
Many markets have multiple voluntary certification programs that sellers use to signal product or organizational quality. Certification is a widely used tool for reducing information asymmetry between buyers and sellers when product quality is hard to assess, or when certain organizational behaviors are hidden. It is not clear though how voluntary certification programs serve the […]