Logo Oapen
  • Search
  • Join
    • Deposit
    • For Librarians
    • For Publishers
    • For Researchers
    • Funders
    • Resources
    • OAPEN
    • For Librarians
    • For Publishers
    • For Researchers
    • Funders
    • Resources
    • OAPEN
    View Item 
    •   OAPEN Home
    • View Item
    •   OAPEN Home
    • View Item
    JavaScript is disabled for your browser. Some features of this site may not work without it.

    How do firms cope with losses from extreme weather events? - EIB Working Paper 2022/10

    Thumbnail
    Download PDF Viewer
    Author(s)
    European Investment Bank
    Collection
    Knowledge Unlatched (KU)
    Language
    English
    Show full item record
    Abstract
    When firms suffer losses from extreme weather events, such as storms, foods, droughts or landslides, it has implications for their investment plans and the finance their need. This paper investigates the investment and financing decisions of firms that experience monetary losses due to such extreme weather events. It looks at firms in 41 economies, mainly emerging and developing markets, using data from the EBRD-EIB-World Bank Enterprise Survey. It finds that firms hit by extreme weather are more likely to invest in long-term assets, in a way that fits with the need to either replenish damaged capital or to adapt to climate change. In addition, they are more likely to integrate climate-friendly measures in their production processes. Although these firms have higher needs for bank credit, they are not more likely to be credit constrained than the average firm. Nonetheless, they face higher loan rejection rates and have, on average, more debt than otherwise comparable firms. This suggests that climate change has the potential to erode the quality of firm balance sheets over time.
    URI
    https://library.oapen.org/handle/20.500.12657/58499
    Keywords
    Business & Economics; Finance
    DOI
    10.2867/324845
    ISBN
    9789286153730, xxxxxxxxxxxxx
    Publisher
    European Investment Bank
    Publisher website
    https://www.eib.org/en/publications/index.htm
    Publication date and place
    2022
    Grantor
    • Knowledge Unlatched
    Imprint
    European Investment Bank
    Classification
    Finance
    Rights
    All rights reserved
    • Harvested from KU

    Browse

    All of OAPENSubjectsPublishersLanguagesCollections

    My Account

    LoginRegister

    Export

    Repository metadata
    Logo Oapen
    • For Librarians
    • For Publishers
    • For Researchers
    • Funders
    • Resources
    • OAPEN

    Newsletter

    • Subscribe to our newsletter
    • view our news archive

    Follow us on

    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

    OAPEN is based in the Netherlands, with its registered office in the National Library in The Hague.

    Director: Niels Stern

    Address:
    OAPEN Foundation
    Prins Willem-Alexanderhof 5
    2595 BE The Hague
    Postal address:
    OAPEN Foundation
    P.O. Box 90407
    2509 LK The Hague

    Websites:
    OAPEN Home: www.oapen.org
    OAPEN Library: library.oapen.org
    DOAB: www.doabooks.org

     

     

    Export search results

    The export option will allow you to export the current search results of the entered query to a file. Differen formats are available for download. To export the items, click on the button corresponding with the preferred download format.

    A logged-in user can export up to 15000 items. If you're not logged in, you can export no more than 500 items.

    To select a subset of the search results, click "Selective Export" button and make a selection of the items you want to export. The amount of items that can be exported at once is similarly restricted as the full export.

    After making a selection, click one of the export format buttons. The amount of items that will be exported is indicated in the bubble next to export format.