Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/71918
Authors: 
Leiter, Andrea M.
Oberhofer, Harald
Raschky, Paul A.
Year of Publication: 
2007
Series/Report no.: 
Working Papers in Economics and Statistics 2007-25
Abstract: 
This paper examines the impact of floods on firms' capital accumulation, employment growth and productivity by using a difference-in-difference approach and considering firms' asset structure. We find evidence that companies in flooding regions show higher growth of total assets and employment than firms in areas which did not face a flooding. This positive effect is even more pronounced for companies with larger shares of intangible assets. Regarding the firms' productivity a significantly negative flood effect is observable which declines with increasing share of intangible assets.
Subjects: 
natural disasters
firm growth
Gibrat's Law
productivity
difference-in-differences
JEL: 
D24
Q54
R10
C21
Document Type: 
Working Paper

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