Pelli, Martino; Tschopp, Jeanne; Bezmaternykh, Natalia; … - 2020
This paper examines the response of firms to capital destruction, using a new measure of firm exposure to tropical … storms as a negative exogenous shock on firms' capital stock. Drawing on a panel of Indian manufacturing firms between 1995 … industry, the sales of less productive firms decrease disproportionately more, while across industries capital destruction …