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- Publisher Website: 10.1162/rest_a_00738
- Scopus: eid_2-s2.0-85055474022
- WOS: WOS:000448143200006
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Article: Natural Disasters, Technology Diversity, and Operating Performance
| Title | Natural Disasters, Technology Diversity, and Operating Performance |
|---|---|
| Authors | |
| Issue Date | 2018 |
| Publisher | M I T Press. The Journal's web site is located at http://mitpress.mit.edu/restat |
| Citation | The Review of Economics and Statistics, 2018, v. 100 n. 4, p. 619-630 How to Cite? |
| Abstract | 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. |
| Persistent Identifier | http://hdl.handle.net/10722/258996 |
| ISSN | 2021 Impact Factor: 6.481 2020 SCImago Journal Rankings: 8.999 |
| ISI Accession Number ID |
| DC Field | Value | Language |
|---|---|---|
| dc.contributor.author | Hsu, P | - |
| dc.contributor.author | Lee, H | - |
| dc.contributor.author | Yi, L | - |
| dc.contributor.author | Peng, C | - |
| dc.date.accessioned | 2018-09-03T03:59:48Z | - |
| dc.date.available | 2018-09-03T03:59:48Z | - |
| dc.date.issued | 2018 | - |
| dc.identifier.citation | The Review of Economics and Statistics, 2018, v. 100 n. 4, p. 619-630 | - |
| dc.identifier.issn | 0034-6535 | - |
| dc.identifier.uri | http://hdl.handle.net/10722/258996 | - |
| dc.description.abstract | 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. | - |
| dc.language | eng | - |
| dc.publisher | M I T Press. The Journal's web site is located at http://mitpress.mit.edu/restat | - |
| dc.relation.ispartof | The Review of Economics and Statistics | - |
| dc.rights | The Review of Economics and Statistics. Copyright © M I T Press. | - |
| dc.title | Natural Disasters, Technology Diversity, and Operating Performance | - |
| dc.type | Article | - |
| dc.identifier.email | Hsu, P: paulhsu@hku.hk | - |
| dc.identifier.email | Lee, H: hhlee@hku.hk | - |
| dc.identifier.authority | Hsu, P=rp01553 | - |
| dc.identifier.authority | Lee, H=rp01556 | - |
| dc.description.nature | link_to_subscribed_fulltext | - |
| dc.identifier.doi | 10.1162/rest_a_00738 | - |
| dc.identifier.scopus | eid_2-s2.0-85055474022 | - |
| dc.identifier.hkuros | 289090 | - |
| dc.identifier.volume | 100 | - |
| dc.identifier.issue | 4 | - |
| dc.identifier.spage | 619 | - |
| dc.identifier.epage | 630 | - |
| dc.identifier.isi | WOS:000448143200006 | - |
| dc.publisher.place | United States | - |
| dc.identifier.issnl | 0034-6535 | - |