Shaken, stirred and indebted: Firm-level effects of earthquakes

dc.authoridCelik, Esref Ugur/0000-0001-9090-9346
dc.authorscopusid6602086370
dc.authorscopusid59259378500
dc.authorscopusid58166692000
dc.authorscopusid58166492000
dc.authorwosidCelik, Esref Ugur/HTS-7225-2023
dc.contributor.authorArin, K. Peren
dc.contributor.authorArnau, Josep Marti
dc.contributor.authorBoduroglu, Elif
dc.contributor.authorCelik, Esref Ugur
dc.contributor.otherBusiness
dc.contributor.otherEconomics
dc.date.accessioned2024-09-10T21:33:31Z
dc.date.available2024-09-10T21:33:31Z
dc.date.issued2024
dc.departmentAtılım Universityen_US
dc.department-temp[Arin, K. Peren; Arnau, Josep Marti] Zayed Univ, Dubai, U Arab Emirates; [Arin, K. Peren] Ctr Appl Macroecon Anal, Canberra, Australia; [Boduroglu, Elif; Celik, Esref Ugur] Atilim Univ, Ankara, Turkiyeen_US
dc.descriptionCelik, Esref Ugur/0000-0001-9090-9346en_US
dc.description.abstractUsing firm-level data from Turkiye, we investigate the effects of earthquakes on firms' balance sheets. We find that earthquakes increase firms' liabilities but have a smaller effect on firms' assets, both in magnitude and significance. Using surveys sent to the finance and/or accounting managers of the largest 100 firms in Turkiye we identify common themes in their perceptions. Our findings reveal a consensus among respondents attributing the increased liabilities to exchange rate depreciation and lower business activity following a disaster. Conversely, higher availability of external credit is associated with a decrease in liabilities. Our analysis also indicates that finance managers with higher educational attainment may be underestimating the effects of earthquakes.en_US
dc.description.sponsorshipcenter dot The research presented in this article was not supported by any grants or other funding sources that could influence the outcomes.en_US
dc.description.woscitationindexSocial Science Citation Index
dc.identifier.citation0
dc.identifier.doi10.1016/j.qref.2024.101894
dc.identifier.issn1062-9769
dc.identifier.issn1878-4259
dc.identifier.scopus2-s2.0-85201223950
dc.identifier.scopusqualityQ1
dc.identifier.urihttps://doi.org/10.1016/j.qref.2024.101894
dc.identifier.urihttps://hdl.handle.net/20.500.14411/7290
dc.identifier.volume97en_US
dc.identifier.wosWOS:001297676200001
dc.identifier.wosqualityQ2
dc.institutionauthorBoduroğlu, Elif
dc.institutionauthorÇelik, Eşref Uğur
dc.language.isoenen_US
dc.publisherElsevier Science incen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectNatural disastersen_US
dc.subjectFirm-level dataen_US
dc.subjectSurvey dataen_US
dc.subjectPerceptionsen_US
dc.subjectCausalityen_US
dc.subjectDifference-in-differenceen_US
dc.titleShaken, stirred and indebted: Firm-level effects of earthquakesen_US
dc.typeArticleen_US
dspace.entity.typePublication
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