Thermal stress and financial distress: Extreme temperatures and firms’ loan defaults in Mexico

2023/12/23 by Sandra Aguilar-Gomez, Sandra Aguilar-Gómez, Emilio Gutierrez +5 · 1 voice
Agricultural and Biological Sciences · Economics, Econometrics and Finance · #Agricultural risk and resilience #Banking stability, regulation, efficiency #Insurance and Financial Risk Management

paper · doi:10.1016/j.jdeveco.2023.103246

openalex publication_date 2023/12/23 · crossref created 2023/12/23 · crossref issued 2024/05/01 · crossref published 2024/05/01 · crossref published-print 2024/05/01 · crossref deposited 2025/10/04 · openalex created_date 2025/10/10 · crossref indexed 2026/07/16 · openalex updated_date 2026/07/23

Citations

• What Do We Learn from the Weather? The New Climate-Economy Literature
• Global non-linear effect of temperature on economic production
• The Employment Effects of Credit Market Disruptions: Firm-level Evidence from the 2008–9 Financial Crisis*
• Temperature effects on productivity and factor reallocation: Evidence from a half million chinese manufacturing plants
• The ERA5 global reanalysis
• Masters of disasters? Challenges and opportunities for SMEs in times of crisis
• The Impact of Temperature on Productivity and Labor Supply: Evidence from Indian Manufacturing
• Temperature and the Allocation of Time: Implications for Climate Change

Discussions

• Can extreme heat trigger financial distress? @sandraaguilar.bsky.social studies Mexican firms and finds that hot days increase loan defaults. Impact extends beyond immediate crisis—affected firms fac [bsky, 0 points, 1 comments]