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Article Citation - WoS: 1Citation - Scopus: 1Shaken, Stirred and Indebted: Firm-Level Effects of Earthquakes(Elsevier Science inc, 2024) Arin, K. Peren; Arnau, Josep Marti; Boduroglu, Elif; Celik, Esref Ugur; Marti Arnau, JosepUsing 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.Article Citation - WoS: 12Citation - Scopus: 12Exploring the hidden impact of the Covid-19 pandemic: The role of urbanization(Elsevier, 2022) Peren Arin, K.; Lacomba, Juan A.; Lagos, Francisco; Moro-Egido, Ana, I; Thum, Marcel; Arin, K. PerenWe examine the role of residential environments (urban/rural) in understanding the impact of the COVID-19 pandemic and the restrictions in nationwide movement on several socio-economic attitudes. We conducted large-scale surveys in four European countries (France, Germany, Spain, and the United Kingdom) before and after nationwide lockdowns were implemented. We investigate how the pandemic affected: (i) economic (economic insecurity), (ii) political (trust in domestic and international institutions), and (iii) social attitudes (loneliness), by controlling for the degree of urbanization, obtained from the geocodes of the survey respondents. Our results show that taking the degree of urbanization into account is not only relevant but is also essential. Compared to urban areas, in rural areas lockdowns led to a greater increase of economic insecurity and to a greater decrease in trust in domestic institutions. We also show that these results are particularly valid for women and households with children.
