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DOI10.1016/j.jbusres.2017.09.016
Understanding the economic effects of abnormal weather to mitigate the risk of business failures
Bertrand, Jean-Louis; Parnaudeau, Miia
发表日期2019
ISSN0148-2963
EISSN1873-7978
卷号98页码:391-402
英文摘要

Warm or cold, wet or dry, weather impacts almost every industry as 70% of businesses are exposed to unexpected variations that influence demand for goods and services. The financial losses caused by adverse weather that did not seem material enough to have an impact or to require being managed a decade ago, may now do so as the frequency and severity of abnormal weather have dramatically increased. A surge in investigating the contribution of weather to financial distress is also prompted by more reliable weather data, and the development of new risk mitigation tools. Drawing upon the UK's retail sectors for empirical evidence, this paper provides a methodology to determine the contribution of weather to sales and to structure financial products to reduce the consequences of adverse weather on expected cash-flows. Our results open new research opportunities for weather to be considered as an additional cause of business failure.


WOS研究方向Business & Economics
来源期刊JOURNAL OF BUSINESS RESEARCH
文献类型期刊论文
条目标识符http://gcip.llas.ac.cn/handle/2XKMVOVA/96971
作者单位ESSCA Sch Management, 1 Rue Joseph Lakanal,BP 40438, F-49003 Angers 01, France
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Bertrand, Jean-Louis,Parnaudeau, Miia. Understanding the economic effects of abnormal weather to mitigate the risk of business failures[J],2019,98:391-402.
APA Bertrand, Jean-Louis,&Parnaudeau, Miia.(2019).Understanding the economic effects of abnormal weather to mitigate the risk of business failures.JOURNAL OF BUSINESS RESEARCH,98,391-402.
MLA Bertrand, Jean-Louis,et al."Understanding the economic effects of abnormal weather to mitigate the risk of business failures".JOURNAL OF BUSINESS RESEARCH 98(2019):391-402.
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