Difference-in-Differences Test for the Effect of Extreme Weather upon Enterprise Productivity

Abstract This paper establishes DID and PSM-DID models to examine the effect of extreme weather on enterprise productivity, using empirical evidence from natural experiments torrential rainstorm in Zhengzhou China. Based analysis results, we find that has a negative impact psychological capital plays regulatory role this influence, decrements productivity with high is smaller than enterprises low capital. The results study provide data support understand upon positive employee