The Impact Of Floods On Firms Performance

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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.

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.

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.

Impacts Of Natural Disasters On Supply Chain Performance

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Author : Burkhardt, Mariana
language : en
Publisher: KIT Scientific Publishing
Release Date : 2021-02-16

Impacts Of Natural Disasters On Supply Chain Performance written by Burkhardt, Mariana and has been published by KIT Scientific Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-16 with Business & Economics categories.

Considering the increasing importance of natural disaster events it is inevitable to also focus on their impacts on supply chains as well as their performance impacts on them. The developed approach SCperformND (Supply Chain performance impact assessment of Natural Disasters) demonstrates a methodology to assess those impacts and gives implications for supply chain designs and procurement decisions.

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.

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 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.

Agglomeration And Firm Performance

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Author : Fiorenza Belussi
language : en
Publisher: Springer
Release Date : 2018-08-10

Agglomeration And Firm Performance written by Fiorenza Belussi and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2018-08-10 with Business & Economics categories.

This contributed volume studies and explains the effect of agglomeration on a firm’s innovation and performance. It presents new cases as well as new topics within the agglomeration phenomenon, exploring also their role under the Great Recession. Beyond the analysis of regions or clusters, this volume focuses on firms within agglomerations and captures this phenomenon from different perspectives, contexts and diverse literatures. Specifically, it looks at the question under what circumstances exert generate benefits on firms’ performance, and how those gains are generated and distributed, usually asymmetrically, across agglomerated firms. In this context, the book addresses topics such as networks, collocation, labor mobility, firm’s strategies, innovation, competitiveness and collective actions across a diverse set of literatures, including economic geography, business economics, management, social networks, industrial districts, international business, sociology or industry dynamics.

Economic Effects Of Natural Disasters

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Author : Taha Chaiechi
language : en
Publisher: Academic Press
Release Date : 2020-10-16

Economic Effects Of Natural Disasters written by Taha Chaiechi and has been published by Academic Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-16 with Business & Economics categories.

Economic Effects of Natural Disasters explores how natural disasters affect sources of economic growth and development. Using theoretical econometrics and real-world data, and drawing on advances in climate change economics, the book shows scholars and researchers how to use various research methods and techniques to investigate and respond to natural disasters. No other book presents empirical frameworks for the evaluation of the quality of macroeconomic research practice with a focus on climate change and natural disasters. Because many of these subjects are so large, different regions of the world use different approaches, hence this resource presents tailored economic applications and evidence. Connects economic theories and empirical work in climate change to natural disaster research Shows how advances in climate change and natural disaster research can be implemented in micro- and macroeconomic simulation models Addresses structural changes in countries afflicted by climate change and natural disasters

Flood Hazards

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Author : Jessica Lamond
language : en
Publisher: CRC Press
Release Date : 2011-07-28

Flood Hazards written by Jessica Lamond and has been published by CRC Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-07-28 with Science categories.

A 360-degree view of the response to flood risk As major flooding events around the world show, the impact of flooding on the built environment can cause widespread chaos. These flood events form part of a wider pattern of increasing flood frequency coupled with increased vulnerability of the built environment to flood hazard. Flood risk can unite or divide communities and the responses to potential risk can range from denial to perfect adaptation. Drawing on the experience of communities and experts, Flood Hazards: Impacts and Responses for the Built Environment offers guidance on managing urban flooding and flood risk. It brings together a diversity of viewpoints and experiences on flood impacts and responses from leading academics, flood restoration specialists, emergency responders, architects, planning consultants, insurers, policymakers, and community representatives. By including the perspective of the community and the views of households and businesses at risk, this volume makes a unique contribution to the literature on flood management. The chapter organization loosely corresponds to the phases of the disaster management cycle, covering emergency preparation and response; recovery, repair, and reconstruction; and mitigation and adaptation. Contributors examine the types of impacts and discuss forecasting and emergency warning. They describe processes and good practice in recovery of flood-damaged property from the perspectives of the insurance industry, restorers, and loss adjusters. The book also deals with business continuity, land-use planning, property-level and infrastructure protection, and urban drainage, looking at the regulation and design of the built environment as one way to reduce risk. A section on community response to flooding sheds light on the experiences of flood-affected families. Written for students, practitioners, and researchers in flood risk management, as well as for professionals who may encounter flood-related issues in the course of their work, this cross-disciplinary book makes a valuable contribution towards designing a future built environment that is more resilient to flood risk.

Global Economic Impacts Of Physical Climate Risks

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Author : Caterina Lepore
language : en
Publisher: International Monetary Fund
Release Date : 2023-09-08

Global Economic Impacts Of Physical Climate Risks written by Caterina Lepore and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-08 with Business & Economics categories.

This paper evaluates the global economic consequences of physical climate risks under two Shared Socioeconomic Pathways (SSP 1-2.6 and SSP 2-4.5) using firm-level evidence. Firstly, we estimate the historical sectoral productivity changes from chronic climate risks (gradual changes in temperature and precipitation) and extreme climate conditions (representative of heatwaves, coldwaves, droughts, and floods). Secondly, we produce forward-looking sectoral productivity changes for a global multisectoral sample of firms. For floods, these estimates account for the persistent productivity changes from the damage to firms’ physical capital. Thirdly, we assess the macroeconomic impact of these shocks within the global, multisectoral, intertemporal general equilibrium model: G-Cubed. The results indicate that, in the absence of additional adaptation relative to that already achieved by 2020, all the economies would experience substantial losses under the two climate scenarios and the losses would increase with global warming. The results can be useful for policymakers and practitioners interested in conducting climate risk analysis.