Ontology highlight
ABSTRACT:
SUBMITTER: Pan X
PROVIDER: S-EPMC9278787 | biostudies-literature | 2022
REPOSITORIES: biostudies-literature
PloS one 20220713 7
Using comprehensive flood data from China, we find a significant, negative impact of flooding on firm performance, which is mainly driven by unexpected flooding. We use multiple identification strategies to address endogeneity concerns and find that the documented impact of flooding on firm performance is likely causal. The impact is more pronounced for firms with more tangible asset investment, firms located in cities with low government quality, firms facing tight financial constraints, firms ...[more]