Natural disasters, technology diversity, and operating performance

Po Hsuan Hsu, Hsiao Hui Lee, Shu Cing Peng, Long Yi

研究成果: 雜誌貢獻期刊論文同行評審

7 引文 斯高帕斯(Scopus)

摘要

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.

原文???core.languages.en_GB???
頁(從 - 到)619-630
頁數12
期刊Review of Economics and Statistics
100
發行號4
DOIs
出版狀態已出版 - 1 10月 2018

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