NATURAL DISASTERS, TECHNOLOGY DIVERSITY, AND OPERATING PERFORMANCE
In this paper, we empirically measure the impact of natural disasters on firm-level operating performance and examine if such impact can be mitigated by technology diversification. Using major natural disasters specified by Barrot and Sauvagnat (2015) and factory location data from the toxic release...
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| Veröffentlicht in: | The review of economics and statistics 2018-10, Vol.100 (4), p.619-630 |
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| container_title | The review of economics and statistics |
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| creator | Hsu, Po-Hsuan Lee, Hsiao-Hui Peng, Shu-Cing Yi, Long |
| description | In this paper, we empirically measure the impact of natural disasters on firm-level operating performance and examine if such impact can be mitigated by technology diversification. Using major natural disasters specified by Barrot and Sauvagnat (2015) and factory location data from the toxic release inventory (TRI) database, we first find that firms with factories located in states affected by natural disasters are much less profitable. Second, we find that firms with diversified technologies are significantly less subject to the impact of natural disasters, suggesting that technology diversity enhances firms’ sustainability. |
| doi_str_mv | 10.1162/rest_a_00738 |
| format | Article |
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| ispartof | The review of economics and statistics, 2018-10, Vol.100 (4), p.619-630 |
| issn | 0034-6535 1530-9142 |
| language | eng |
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| source | Business Source Complete; JSTOR Mathematics & Statistics; Jstor Complete Legacy; MIT Press Journals |
| subjects | Companies Diversification Factories Natural disasters Technology |
| title | NATURAL DISASTERS, TECHNOLOGY DIVERSITY, AND OPERATING PERFORMANCE |
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