Shaken, Stirred and Indebted: Firm-Level Effects of Earthquakes
| dc.contributor.author | Arin, K. Peren | |
| dc.contributor.author | Arnau, Josep Marti | |
| dc.contributor.author | Boduroglu, Elif | |
| dc.contributor.author | Celik, Esref Ugur | |
| dc.contributor.other | Business | |
| dc.contributor.other | Economics | |
| dc.contributor.other | 05. School of Business | |
| dc.contributor.other | 01. Atılım University | |
| dc.date.accessioned | 2024-09-10T21:33:31Z | |
| dc.date.available | 2024-09-10T21:33:31Z | |
| dc.date.issued | 2024 | |
| dc.description | Celik, Esref Ugur/0000-0001-9090-9346 | en_US |
| dc.description.abstract | Using 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.sponsorship | center 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.identifier.doi | 10.1016/j.qref.2024.101894 | |
| dc.identifier.issn | 1062-9769 | |
| dc.identifier.issn | 1878-4259 | |
| dc.identifier.scopus | 2-s2.0-85201223950 | |
| dc.identifier.uri | https://doi.org/10.1016/j.qref.2024.101894 | |
| dc.identifier.uri | https://hdl.handle.net/20.500.14411/7290 | |
| dc.language.iso | en | en_US |
| dc.publisher | Elsevier Science inc | en_US |
| dc.relation.ispartof | The Quarterly Review of Economics and Finance | |
| dc.rights | info:eu-repo/semantics/closedAccess | en_US |
| dc.subject | Natural disasters | en_US |
| dc.subject | Firm-level data | en_US |
| dc.subject | Survey data | en_US |
| dc.subject | Perceptions | en_US |
| dc.subject | Causality | en_US |
| dc.subject | Difference-in-difference | en_US |
| dc.title | Shaken, Stirred and Indebted: Firm-Level Effects of Earthquakes | en_US |
| dc.type | Article | en_US |
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| gdc.author.id | Celik, Esref Ugur/0000-0001-9090-9346 | |
| gdc.author.institutional | Boduroğlu, Elif | |
| gdc.author.institutional | Çelik, Eşref Uğur | |
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| gdc.description.department | Atılım University | en_US |
| gdc.description.departmenttemp | [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, Turkiye | en_US |
| gdc.description.publicationcategory | Makale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı | en_US |
| gdc.description.scopusquality | Q1 | |
| gdc.description.startpage | 101894 | |
| gdc.description.volume | 97 | en_US |
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