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  1. Building business resilience to disasters
    Author: Izumi, Yutaro; Nakata, Hiroyuki; Sawada, Yasuyuki; Sekiguchi, Kunio
    Published: March 2024
    Publisher:  [CIRJE, Faculty of Economics, University of Tokyo], [Tokyo]

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    Verlag (kostenfrei)
    Verlag (kostenfrei)

    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    VS 358
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    No inter-library loan
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    Source: Union catalogues
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; CIRJE-F-1223
    Subjects: Business continuity plan (BCP); disaster; insurance; risk awareness; risk management
    Scope: 1 Online-Ressource (circa 51 Seiten), Illustrationen
  2. Fiscal constraints, disaster vulnerability, and corporate investment decisions
    Author: Fiore, Nicola Maria; Martin, Thorsten; Nagler, Florian
    Published: 10 January 2024
    Publisher:  Centre for Economic Policy Research, London

    This paper empirically studies the role of fiscal constraints for disaster vulnerability and investment decisions in a global sample of firms. We build novel firm-level measures of exposure to fiscal constraints based on the sales distributions of... more

    Access:
    Verlag (Deutschlandweit zugänglich)
    Verlag (Deutschlandweit zugänglich)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Potsdamer Straße
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    Staats- und Universitätsbibliothek Bremen
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    Location:
    Universitätsbibliothek Freiburg
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    Location:
    ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
    Signature:
    LZ 161
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    Location:
    Universitätsbibliothek Mannheim
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    Bibliotheks-und Informationssystem der Carl von Ossietzky Universität Oldenburg (BIS)
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    Location:
    Universität Potsdam, Universitätsbibliothek
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    This paper empirically studies the role of fiscal constraints for disaster vulnerability and investment decisions in a global sample of firms. We build novel firm-level measures of exposure to fiscal constraints based on the sales distributions of firms across countries. This approach allows us to exploit variation among firms headquartered in the same country and operating in the same industry. During disasters, more exposed firms become riskier, as evidenced by an increase in their market comovement, coupled with discussions on fiscal constraints risk during earnings conference calls. Pre-disaster, firms with larger exposures to fiscal constraints realize higher returns, use higher discount rates in investment decisions, and invest less in tangible capital and R&D. Our findings suggest that fiscal constraints affect long-term growth through a risk-based disaster-vulnerability channel.

     
    Export to reference management software   RIS file
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    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18741
    Subjects: Fiscal constraints; sovereign debt; disaster; textual analysis; discount rates; corporate investment decisions
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen
  3. Fiscal constraints, disaster vulnerability, and corporate investment decisions
    Author: Fiore, Nicola Maria; Martin, Thorsten; Nagler, Florian
    Published: 10 January 2024
    Publisher:  Centre for Economic Policy Research, London

    This paper empirically studies the role of fiscal constraints for disaster vulnerability and investment decisions in a global sample of firms. We build novel firm-level measures of exposure to fiscal constraints based on the sales distributions of... more

    Access:
    Verlag (Deutschlandweit zugänglich)
    Verlag (Deutschlandweit zugänglich)

    Location:
    Staatsbibliothek zu Berlin - Preußischer Kulturbesitz, Haus Unter den Linden
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

    Location:
    Universität Potsdam, Universitätsbibliothek
    Inter-library loan:
    Unlimited inter-library loan, copies and loan

     

    This paper empirically studies the role of fiscal constraints for disaster vulnerability and investment decisions in a global sample of firms. We build novel firm-level measures of exposure to fiscal constraints based on the sales distributions of firms across countries. This approach allows us to exploit variation among firms headquartered in the same country and operating in the same industry. During disasters, more exposed firms become riskier, as evidenced by an increase in their market comovement, coupled with discussions on fiscal constraints risk during earnings conference calls. Pre-disaster, firms with larger exposures to fiscal constraints realize higher returns, use higher discount rates in investment decisions, and invest less in tangible capital and R&D. Our findings suggest that fiscal constraints affect long-term growth through a risk-based disaster-vulnerability channel.

     
    Export to reference management software   RIS file
      BibTeX file
    Source: Staatsbibliothek zu Berlin
    Language: English
    Media type: Book
    Format: Online
    Series: Array ; DP18741
    Subjects: Fiscal constraints; sovereign debt; disaster; textual analysis; discount rates; corporate investment decisions
    Scope: 1 Online-Ressource (circa 85 Seiten), Illustrationen