Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/172483
Authors: 
Noth, Felix
Rehbein, Oliver
Year of Publication: 
2017
Series/Report no.: 
IWH Discussion Papers 25/2017
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.
Subjects: 
natural disasters
firm outcomes
JEL: 
G21
Q54
Document Type: 
Working Paper

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