Floods And Their Impacts On Firms
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Floods And Their Impacts On Firms
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Author : Jun Rentschler
language : en
Publisher:
Release Date :
Floods And Their Impacts On Firms written by Jun Rentschler and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
This study explores how businesses in Tanzania are impacted by floods, and which strategies they use to cope and adapt. These insights are based on firm survey data collected in 2018 using a tailored questionnaire, covering a sample of more than 800 firms. To assess the impact of disasters on businesses, the study considers direct damages and indirect effects through infrastructure systems, supply chains, and workers. While direct on-site damages from flooding can be substantial, they tend to affect a relatively small share of firms. Indirect impacts of floods are more prevalent and sizable. Flood-induced infrastructure disruptions - especially electricity and transport - obstruct the operations of firms even when they are not directly located in flood zones. The effects of such disruptions are further propagated and multiplied along supply chains. The study estimates that supply chain multipliers are responsible for 30 to 50 percent of all flood-related delivery delays. To cope with these impacts, firms apply a variety of strategies. Firms mitigate supply disruptions by adjusting the size and geographical reach of their supply networks, and by adjusting inventory holdings. By investing in costly backup capacity (such as water tanks and electricity generators), firms mitigate the impact of infrastructure disruptions. The study estimates that only 13 percent of firms receive government support in the aftermath of floods.
Expecting Floods
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Author : Ruixue Jia
language : en
Publisher:
Release Date : 2022
Expecting Floods written by Ruixue Jia and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with Economic geography categories.
Flood events and flood risk have been increasing in the past few decades and have important consequences for the economy. Using county-level and ZIP-code-level data from the United States during 1998-2018, we document that (1) increased flood risk has a large negative impact on firm entry, employment, and output in the long run; and (2) flood events reduce output in the short run while their impact on firm entry and employment is limited. Motivated by these findings, we construct a spatial equilibrium model to characterize how flood risk shapes firms' location choices and workers' employment, which we use to estimate the aggregate impact of increased flood risk on the economy. We find that flood risk reduced U.S. aggregate output by 0.52% in 2018, 80% of which stemmed from expectation effects and 20% from direct damages. We also apply our model to study the distributional consequences and forecast the impact of future changes in flood risk. Our results highlight the importance of considering the adjustment of firms and workers in response to risk in evaluating the consequences of natural disasters.
The Impact Of Floods On Firms Performance
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Author : Federica Coelli
language : en
Publisher:
Release Date : 2014
The Impact Of Floods On Firms Performance written by Federica Coelli and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014 with categories.
We estimate the short-run impact of a major flood that hit the region of Veneto in 2010 on firms' performance. Using firm level data and a difference in difference approach we compare the value added growth of hit firms to the one of a control group of companies that are not exposed to the flood. The results indicate that the value added growth of affected firms is 6.9% higher two years after the flood. We further investigate the role of aid transfers in the aftermath of the disaster event. Considering both the flood and the aid treatment, we construct four mutually exclusive and exhaustive groups. The results indicate that, among firms exposed to the flood, both the ones that benefit from financial aid and the ones that don't grow faster than the reference groups of firms that neither are exposed to the flood, nor receive financial aid. We also find a 2% additional growth effect that is attributable to the contribution of aid in the recovery phase.
Financial Management Of Flood Risk
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2016-07-29
Financial Management Of Flood Risk written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-29 with categories.
Disasters present a broad range of human, social, financial, economic and environmental impacts, with potentially long-lasting effects. This report applies the lessons from the OECD’s analysis of disaster risk financing practices and its risk guidance to the specific case of floods.
Quantitative Analysis Of The Impact Of Floods On Firms Financial Conditions
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Author : Hiroki Yamamoto
language : en
Publisher:
Release Date : 2021
Quantitative Analysis Of The Impact Of Floods On Firms Financial Conditions written by Hiroki Yamamoto and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021 with categories.
Floods And Firms
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Author : Serena Fatica
language : en
Publisher:
Release Date : 2022
Floods And Firms written by Serena Fatica and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Combining a rich database on natural hazards, granular flood risk maps and detailed information on firm geolocalisation, we study the dynamic impacts of floods on European manufacturing firms during the period 2007-2018. We find that water damages significantly and persistently worsen firm performance, and may endanger their survival. An average flood deteriorates total assets by about 2% in the year after the event, and up to 5% seven years out. The drop in sales and employment is comparable. We show how reallocation of economic activity within flooded regions can reconcile our results with the 'creative destruction' hypothesis proposed by the natural disaster literature.
Water Risk And Its Impact On The Financial Markets And Society
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Author : Thomas Walker
language : en
Publisher: Springer Nature
Release Date : 2021-08-20
Water Risk And Its Impact On The Financial Markets And Society written by Thomas Walker and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-08-20 with Business & Economics categories.
Water risks, including the lack of access to fresh water for personal and industrial use, droughts, floods, and water contamination, are problems that are not new, yet, they are amplifying in the face of climate change, population growth, and rapid economic development. Properly identifying, measuring, and managing these risks as well as taking advantage of related mitigation opportunities is essential for the future well-being of firms across various industries, investors who invest in these firms, local and federal governments, and ultimately our society as a whole. This edited book sheds light on this topic by examining the unique measurement and modelling challenges associated with either the scarcity or overabundance of water and their interaction with finance and society. Specifically, it explores approaches to assess and operationalize water risk, examines the vulnerability of institutions and markets, and discusses strategies for risk mitigation.
The Impact Of Hydrogeological Events On Firms
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Author : Stefano Clò
language : en
Publisher:
Release Date : 2023
The Impact Of Hydrogeological Events On Firms written by Stefano Clò and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023 with categories.
Climate-related disasters, among which floods are the most frequent type of events, are responsible for casualties and economic losses worldwide. Apart from direct costs, which are mainly derived from the destruction of physical capital, their effects on economies are less well understood. Using a novel dataset of natural disasters affecting Italy from 2010 onward, we study the impact of floods and landslides on firms' activity in a country prone to hydrogeological risk. Our results show that natural disasters affect both the survival probability and performance of survivor firms, especially smaller firms. The impact on firm performance is heterogeneous across sectors, with a markedly negative effect mainly on services and construction. Significant heterogeneity is also observed from a geographical perspective, with a greater impact on rural areas.
Multiregional Flood Footprint Analysis
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Author : David Mendoza-Tinoco
language : en
Publisher: Springer Nature
Release Date : 2023-05-31
Multiregional Flood Footprint Analysis written by David Mendoza-Tinoco and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-05-31 with Business & Economics categories.
The climate is changing, bringing with it increasing natural disasters around the world. The progress of societies lies in their ability to adapt to the new climatic conditions. Effective climate-adaptation strategies must be based in the sound analysis of the costs of the disasters, as well as the potential benefits and beneficiaries of adaptation strategies. This book offers an appraisal method to capture the total economic costs of flooding events: the Multiregional Flood Footprint Analysis. It captures the economic costs directly caused by physical destruction, and disruptive implications in production propagated through inter-industrial linkages in the current context of a global economy. The proposed method uses the fundamentals of the Input-Output analysis (IOA) in a multiregional dimension. It concludes that damages from natural disasters in one part of the globe may affect many economic sectors in the rest of the world, increasing the need for global adaptation strategies.
The Economic Impacts Of Natural Disasters
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Author : Debarati Guha-Sapir
language : en
Publisher: Oxford University Press
Release Date : 2013-05-23
The Economic Impacts Of Natural Disasters written by Debarati Guha-Sapir and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-05-23 with Business & Economics categories.
This work combines research and empirical evidence on the economic costs of disasters with theoretical approaches. It provides new insights on how to assess and manage the costs and impacts of disaster prevention, mitigation, recovery and adaption, and much more.