Badly hurt? : natural disasters and direct firm effects / Felix Noth, Oliver Rehbein
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Badly hurt?
Discovery
1009644238
URN
urn:nbn:de:gbv:3:2-82406
DOI
ISBN
ISSN
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Skalierung
dc.contributor.contributor
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Publication history
Halle (Saale), Germany : Halle Institute for Economic Research (IWH) - Member of the Leibniz Association, [20. Dezember 2017]
Content
1 Online-Ressource (III, 10, 9 Seiten, 5,78 MB) : Diagramme, Karten
Edition
Language
eng
Comment
Abstract
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.
Series
IWH-Diskussionspapiere ; 2017, no. 25 (December 2017) ppn:837399270