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Firms’ Management of Infrequent Shocks
Collier, Benjamin - 2016
We examine businesses' financial management of a rare, severe event using detailed firm-level data collected following Hurricane Sandy in the New York area. Credit played a prominent role in financing recovery; more negatively affected firms took on debt because of Sandy (38%) than received...
Persistent link: https://www.econbiz.de/10012983420
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Droughts, Floods and Financial Distress in the United States
Landon-Lane, John S. - 2013
The relationships among the weather, agricultural markets, and financial markets have long been of interest to economic historians, but relatively little empirical work has been done. We push this literature forward by using modern drought indexes, which are available in detail over a wide area...
Persistent link: https://www.econbiz.de/10013095252
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Why Do U.S. Firms Hold so Much More Cash than They Used to?
Bates, Thomas W. - 2010
The average cash to assets ratio for U.S. industrial firms increases by 129% from 1980 to 2004. Because of this increase in the average cash ratio, American firms at the end of the sample period can pay back their debt obligations with their cash holdings, so that the average firm has no...
Persistent link: https://www.econbiz.de/10012760630
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When the Levee Breaks : Black Migration and Economic Development in the American South
Hornbeck, Richard - 2012
-migration. This paper examines the impact of the Great Mississippi Flood of 1927 on agricultural development. Flooded counties …
Persistent link: https://www.econbiz.de/10013101831
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Risk Preferences in Small and Large Stakes : Evidence from Insurance Contract Decisions
Collier, Benjamin - 2017
We examine risk preferences using the flood insurance decisions of over 100,000 households. In each contract …
Persistent link: https://www.econbiz.de/10012951852
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Amenities, Risk, and Flood Insurance Reform
Smith, V. Kerry - 2019
This paper provides the first, comprehensive evidence on the question of whether the subsidized flood insurance rates … are needed to meet the affordability goal of the National Flood Insurance Program. We use IRS records at the zip code … the United States containing FEMA designated Special Flood Hazard Areas (SFHA). There are clear patterns of positive …
Persistent link: https://www.econbiz.de/10012891785
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The Affordability Goal and Prices in the National Flood Insurance Program
Kahn, Matthew E. - 2017
The United States Gulf Region features areas that face significant flood risk. Climate change may further elevate this … challenges, the Federal government has enacted a complex set of policies through its National Flood Insurance Program (NFIP). The …
Persistent link: https://www.econbiz.de/10012940810
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What Determines Giving to Hurricane Katrina Victims? Experimental Evidence on Income, Race, and Fairness
Fong, Christina M. - 2010
We investigate determinants of private and public generosity to Katrina victims using an artifactual field experiment. In this experiment, respondents from the general population viewed a short audiovisual presentation that manipulated respondents' perceptions of the income, race, and...
Persistent link: https://www.econbiz.de/10012759998
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The Katrina Effect : Was There a Bright Side to the Evacuation of Greater New Orleans?
Vigdor, Jacob L. - 2010
In the presence of moving costs, individuals may remain in a region even when they expect to attain a higher standard of living elsewhere. When a natural disaster or other exogenous shock forces individuals to move, the net impact on living standards could be positive or negative. This paper...
Persistent link: https://www.econbiz.de/10012760194
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Hurricane Katrina Floods New Jersey : The Role of Information in the Market Response to Flood Risk
Muller, Nicholas Z. - 2019
treatments respond to flood risk. We identify reactions to flood risk, distinctly from price effects due to flood damage, by … seaboard. We find that homes in high flood risk zones situated in towns that participate in public flood awareness activities …
Persistent link: https://www.econbiz.de/10012867643