Badly hurt? Natural disasters and direct firm effects

Arbeitspapier

We investigate firm outcomes after a major flood in Germany in 2013. We robustly find that firms located in the disaster regions have significantly higher turnover, lower leverage, and higher cash in the period after 2013. We provide evidence that the effects stem from firms that already experienced a similar major disaster in 2002. Overall, our results document a positive net effect on firm performance in the direct aftermath of a natural disaster.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: IWH Discussion Papers ; No. 25/2017

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Banks; Depository Institutions; Micro Finance Institutions; Mortgages ; Climate; Natural Disasters and Their Management; Global Warming
• Thema: natural disasters ; firm outcomes

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Noth, Felix ; Rehbein, Oliver
• Ereignis: Veröffentlichung
• (wer): Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
• (wo): Halle (Saale)
• (wann): 2017

Weitere Informationen

• Handle: http://hdl.handle.net/10419/172483
• URN: urn:nbn:de:gbv:3:2-82406
• Letzte Aktualisierung: 10.03.2025, 11:41 MEZ