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Article
Publication date: 11 May 2010

Jaharudin Padli, Muzafar Shah Habibullah and A.H. Baharom

The purpose of this paper is to find the meaningful relationship between the economic impact of the natural disaster and economic condition.

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Abstract

Purpose

The purpose of this paper is to find the meaningful relationship between the economic impact of the natural disaster and economic condition.

Design/methodology/approach

The paper employed cross‐sectional analysis to investigate the relationship between economic condition namely, gross domestic product per capita (GDPpc); gross domestic product per capita squared (GDPpc2); government consumption ratio to GDP (gc); ratio of M2 over GDP(M2); years of schooling attainment (sc); land area and finally; population and the economic impact of natural disasters, whereby ten types of natural disasters were chosen. The degree to which the human and economic losses due to these ten natural disasters were measured by, the variables selected are, number of killed; total affected; and ratio of total damage to GDP. Three different points of time were regressed, namely, 1985, 1995, and 2005 covering 73 countries.

Findings

Results clearly indicate that there seems to be meaningful relationship between the economic impact of natural disasters and economic conditions.

Practical implications

The paper provides some evidence on the important role of economic condition in minimizing the impact of natural disasters.

Originality/value

The paper incorporates a comprehensive list of explanatory variables in accounting for natural disaster fatalities.

Details

International Journal of Social Economics, vol. 37 no. 6
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 23 September 2024

Cheikh Tidiane Ndour, Waoundé Diop and Simplice Asongu

This study aims to assess the effects of natural disasters on food security in a sample of 40 sub-Saharan African countries. First, the authors assess the effects of natural

Abstract

Purpose

This study aims to assess the effects of natural disasters on food security in a sample of 40 sub-Saharan African countries. First, the authors assess the effects of natural disasters on the four dimensions of food security and second, the authors disaggregate natural disaster using the two dimensions that are most representative, namely, hydrological and biological disasters.

Design/methodology/approach

The regressions are based on the generalised method of moments on a data set covering the period 2005–2020. Natural disasters are measured by the total number of people affected and food security by its characteristics: access, availability, use and sustainability.

Findings

The results show that natural disasters increase the prevalence of undernourishment but reduce dependence on cereal imports. An increase in natural disasters by 1% increases the prevalence of undernourishment by the same proportion. As for import dependency, a 1% increase in natural disasters reduces dependency by 2.2%. The disaggregated effects show that hydrological disasters are more significant than biological disasters in impacting food security. Floods reduce the average energy supply adequacy but also dependence on cereal imports. Policy implications are discussed.

Originality/value

The study complements the extant literature by assessing the effects of natural disasters on food security in a region where food insecurity is one of the worst in the world.

Details

Social Responsibility Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1747-1117

Keywords

Article
Publication date: 1 March 2006

Ibrahim Mohamed Shaluf and Fakhru'l‐Razi Ahmadun

To provide graduate students, researchers, and responsible personnel with an overview on the disaster types worldwide in general and disaster types in Malaysia.

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Abstract

Purpose

To provide graduate students, researchers, and responsible personnel with an overview on the disaster types worldwide in general and disaster types in Malaysia.

Design/methodology/approach

The types of disasters by region for the period 1988‐1997 were obtained from recent published sources. The disasters which occurred in Malaysia have been collected from several sources such as the technical, general articles, internet web sites, and internal reports. The disasters which occurred during the period of 1968‐2004 have been reviewed. The disasters have been classified into natural disasters, man‐made disasters, and subsequent disasters. The man‐made disasters have been classified into technological disasters, transportation accidents, public places failure, and production failure.

Findings

Disasters have been classified into natural, man‐made disasters. The regions worldwide have experienced all kinds of natural disasters in last decade. It was pointed out that the occurrence of disasters from almost all kinds of hazards is among the highest in Asia and the Pacific. Malaysia experienced natural, man‐made and subsequent disasters. Malaysia has experienced 39 disasters during the period of 1968‐2004. The natural disasters were 49 percent of total disasters. Most of the natural disasters were resulted from the heavy rains. Malaysia has experienced 18 man‐made disasters. The man‐made disasters resulted in 282 fatalities, and 1,892 injuries.

Originality/value

This paper presents an overview on the disaster types by region worldwide. The paper also presents an overview on the disaster types in Malaysia. This paper combined the scattered disasters into one record. Therefore, there is a need for an authorized body to be responsible for the collecting, arranging, classifying, and storing of all type of the accidents in Malaysia. This experience can be benefited from/at any country.

Details

Disaster Prevention and Management: An International Journal, vol. 15 no. 2
Type: Research Article
ISSN: 0965-3562

Keywords

Book part
Publication date: 4 December 2018

Gregory Coutaz

Abstract

Details

Coping with Disaster Risk Management in Northeast Asia: Economic and Financial Preparedness in China, Taiwan, Japan and South Korea
Type: Book
ISBN: 978-1-78743-093-8

Article
Publication date: 3 January 2024

Abba Suganda Girsang and Bima Krisna Noveta

The purpose of this study is to provide the location of natural disasters that are poured into maps by extracting Twitter data. The Twitter text is extracted by using named entity…

Abstract

Purpose

The purpose of this study is to provide the location of natural disasters that are poured into maps by extracting Twitter data. The Twitter text is extracted by using named entity recognition (NER) with six classes hierarchy location in Indonesia. Moreover, the tweet then is classified into eight classes of natural disasters using the support vector machine (SVM). Overall, the system is able to classify tweet and mapping the position of the content tweet.

Design/methodology/approach

This research builds a model to map the geolocation of tweet data using NER. This research uses six classes of NER which is based on region Indonesia. This data is then classified into eight classes of natural disasters using the SVM.

Findings

Experiment results demonstrate that the proposed NER with six special classes based on the regional level in Indonesia is able to map the location of the disaster based on data Twitter. The results also show good performance in geocoding such as match rate, match score and match type. Moreover, with SVM, this study can also classify tweet into eight classes of types of natural disasters specifically for the Indonesian region, which originate from the tweets collected.

Research limitations/implications

This study implements in Indonesia region.

Originality/value

(a)NER with six classes is used to create a location classification model with StanfordNER and ArcGIS tools. The use of six location classes is based on the Indonesia regional which has the large area. Hence, it has many levels in its regional location, such as province, district/city, sub-district, village, road and place names. (b) SVM is used to classify natural disasters. Classification of types of natural disasters is divided into eight: floods, earthquakes, landslides, tsunamis, hurricanes, forest fires, droughts and volcanic eruptions.

Details

International Journal of Intelligent Computing and Cybernetics, vol. 17 no. 2
Type: Research Article
ISSN: 1756-378X

Keywords

Open Access
Article
Publication date: 4 December 2019

Nadia Doytch

The authors investigate natural disasters’ impact on manufacturing and services foreign direct investment (FDI), both, in contemporaneous and time-lag contexts. Manufacturing and…

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Abstract

Purpose

The authors investigate natural disasters’ impact on manufacturing and services foreign direct investment (FDI), both, in contemporaneous and time-lag contexts. Manufacturing and services FDI account for different types of technology transfers, respectively, through tangible physical assets and intangible knowledge assets. This paper aims to hypothesize that natural disasters that have pronounced physical impact, have different effect on different sectoral FDI.

Design/methodology/approach

The authors merge a data set from emergency events database, which covers natural disasters occurrences with a sector-level data on FDI for 69 countries for the period 1980-2011, distinguishing between four different kinds of natural disasters such as meteorological, climate, hydrological and geophysical, as well as between different geographical regions.

Findings

Controlling for commonly accepted determinants of FDI, such as output growth, quality of institutions and natural resource abundance, the authors find that manufacturing FDI is negatively affected immediately after the disaster and positively in the longer run- a finding that is in unison with the “creative destruction” growth theory. Services FDI, on the other hand, do not show such pattern. Meteorological disasters have no effect on services FDI and climate and hydrological disasters have long-lasting negative effects. For both, manufacturing and services FDI, geophysical disasters have a positive impact on FDI in the long run.

Research limitations/implications

The study is limited to 69 countries for the period 1980-2011.

Practical implications

FDI bears tangible and intangible knowledge assets and provides means of financing, even in countries with under-developed banking systems and stock markets. FDI is impacted by climate change, manifested by intensifying and increase of frequency of natural disasters.

Social implications

Natural disasters destroy infrastructure and displace people. The rebuilding of infrastructure and intangible capital present an opportunity for upgrading.

Originality/value

This is the first study that analyzes the impact of natural disasters on sector-level FDI in a multicounty and regional context.

Details

International Journal of Climate Change Strategies and Management, vol. 12 no. 2
Type: Research Article
ISSN: 1756-8692

Keywords

Article
Publication date: 7 December 2020

Carla Bustamante, Carlos Poblete and José Ernesto Amorós

This research aims to explore the moderating effect of a natural disaster on the well-studied relationship between entrepreneurship-oriented beliefs (behavioral, normative, and…

Abstract

Purpose

This research aims to explore the moderating effect of a natural disaster on the well-studied relationship between entrepreneurship-oriented beliefs (behavioral, normative, and control beliefs) and entrepreneurial intentions.

Design/methodology/approach

This study relies on data from the Global Entrepreneurship Monitor before and after the earthquake that took place in Chile on February 27, 2010. The study was performed by applying a multilevel hierarchical logit regression over a sample of 14,724 individuals from the six more affected regions.

Findings

The results indicate that a natural disasters shape the relationship between entrepreneurial intentions and all its three motivational antecedents, however in opposing directions. The results also suggest that a natural disaster strengthens the relationship between entrepreneurial attitudes and entrepreneurial intentions; nevertheless the effect of subjective norms becomes less relevant in shaping entrepreneurial intentions. Furthermore, the authors found that the earthquake had a positive effect on the relationship between perceived behavioral control and entrepreneurial intentions.

Originality/value

This study advances the emerging stream of research on the micro-level consequences of exogenous shocks and how they shape individual functioning. A key implication for policymakers wishing to facilitate the recovery phase after a natural disaster is that it is important to focus on fostering entrepreneurship by developing individuals' personal attitude and perceived control over the firm-creation behavior, rather than relying on the perceived social pressure to become an entrepreneur.

Details

International Journal of Emerging Markets, vol. 17 no. 5
Type: Research Article
ISSN: 1746-8809

Keywords

Article
Publication date: 4 January 2022

Thomas Walker, Yixin Xu, Dieter Gramlich and Yunfei Zhao

This paper explores the effect of natural disasters on the profitability and solvency of US banks.

Abstract

Purpose

This paper explores the effect of natural disasters on the profitability and solvency of US banks.

Design/methodology/approach

Employing a sample of 187 large-scale natural disasters that occurred in the United States between 2000 and 2014 and a sample of 2,891 banks, we examine whether and how disaster-related damages affect various measures of bank profitability and bank solvency. We differentiate between different types of banks (with local, regional and national operations) based on a breakdown of their state-level deposits and explore the reaction of these banks to damages weighted by the GDP of the states they operate in.

Findings

We find that natural disasters have a pronounced effect on the net-income-to-assets and the net-income-to-equity ratio of banks, as well as the banks' impaired loans and return on average assets. We also observe significant effects on the equity ratio and the tier-1 capital ratio (two solvency measures). Interestingly, the latter are positive for regional banks which appear to benefit from increased customer deposits related to safekeeping, government payments for post-disaster recovery, insurance payouts and decreased withdrawals, while they are significantly negative for banks that operate locally or nationally.

Originality/value

We contribute to the literature by offering various new insights regarding the effects natural disasters have on financial institutions. With climate change-driven natural disasters widely expected to increase both in terms of frequency and severity, their economic fallout is likely to impose an increasing burden on financial institutions. Large, nationally operating banks tend to be well diversified both geographically and in terms of their product offerings. Small, locally operating banks, however, are increasingly at risk – particularly if they operate in disaster-prone areas. Current banking regulations generally do not factor natural disaster risks into their capital requirements. To avoid the next big financial crisis, regulators may want to adjust their reserve requirements by taking this growing risk exposure into consideration.

Details

International Journal of Managerial Finance, vol. 19 no. 1
Type: Research Article
ISSN: 1743-9132

Keywords

Article
Publication date: 17 September 2024

Narciso Antunes, Ana Simaens and Patrícia Costa

This research aims to investigate post-forest fire perceptions of businesses towards the environment as a stakeholder. Through interviews with affected businesses, the authors aim…

Abstract

Purpose

This research aims to investigate post-forest fire perceptions of businesses towards the environment as a stakeholder. Through interviews with affected businesses, the authors aim to understand whether disasters prompt sustainability prioritisation beyond legal or market demands, shedding light on potential shifts in environmental attitudes and decision-making processes.

Design/methodology/approach

The authors used qualitative methods to investigate post-disaster shifts in environmental perceptions. Using site visits, preparatory meetings and semi-structured interviews between October 2017 and April 2021, the authors gained insights into destruction, recovery efforts and stakeholder perspectives. Content analysis provided valuable decision-making insights, particularly in understanding the landscape dominated by SMEs reliant on short-term strategies.

Findings

Interviews revealed varied perspectives on stakeholder recognition, especially concerning the natural environment. Although some managers promptly acknowledged stakeholder groups, the recognition of the natural environment as one varied. Concerning the natural environment as a stakeholder, responses ranged from ecological acknowledgment to denying its stakeholder status. Despite differing views, many agreed on the forest's importance, especially for resource-reliant industries. The findings suggest that although many decision makers verbally acknowledge the natural environment as a stakeholder, their actions reveal the opposite.

Research limitations/implications

The limitations are the COVID-19 pandemic in the data research phase. The methodology applied (qualitative) can be a limitation in itself and the authors recommend further research, applying mixed or quantitative methods. The research covers one event in one country. It is relevant to test our questions and conclusions in other countries/after other natural disasters. Incorporating other stakeholders' views and exploring alternative theories could enhance understanding and challenge existing results.

Practical implications

This study holds practical implications for understanding the relationship between organisations and the natural environment, particularly in recognising it as a stakeholder. By acknowledging the environment as a stakeholder, organisations can mitigate the effects of future natural disasters, as well as reducing their environmental footprints. Implementing these insights can lead to more informed decision-making processes and contribute to more effective resources and stakeholder management.

Social implications

Recognizing the environment as a stakeholder fosters environmental consciousness and community engagement. Addressing the natural environment as such enhances the ownership and responsibility of the surrounding natural environment.

Originality/value

The study's originality lies in its exploration of organisational responses to natural disasters, particularly in recognizing the environment as a stakeholder. It offers unique insights into decision-making processes and attitudes towards environmental responsibility, contributing to advancing understanding and informing strategies for sustainable disaster management on a global scale.

Details

Social Responsibility Journal, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1747-1117

Keywords

Book part
Publication date: 17 October 2015

Justin Pidot

This chapter identifies and analyzes three systemic obstacles to American public policy addressing natural disasters: symbolic obstacles, cognitive obstacles, and structural…

Abstract

This chapter identifies and analyzes three systemic obstacles to American public policy addressing natural disasters: symbolic obstacles, cognitive obstacles, and structural obstacles. The way we talk about natural disaster, the way we think about the risks of building in hazardous places, and structural aspects of American political institutions all favor development over restraint. These forces have such strength that in the wake of most disasters society automatically and thoughtlessly responds by rebuilding what was damaged or destroyed, even if reconstruction perpetuates disaster vulnerability. Only by addressing each of the obstacles identified are reform efforts likely to succeed.

Details

Special Issue Cassandra’s Curse: The Law and Foreseeable Future Disasters
Type: Book
ISBN: 978-1-78560-299-3

Keywords

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