Pelli, Martino; Tschopp, Jeanne; Bezmaternykh, Natalia; … - 2021
This paper examines the response of firms to capital destruction, using a new measure of firmexposure to tropical … storms as a negative exogenous shock on firms' capital stock. Drawing on apanel of Indian manufacturing firms between 1995 …, the sales of less productive firms decrease disproportionatelymore, while across industries capital destruction leads to a …