IDEAS home Printed from https://ideas.repec.org/a/ags/pjemad/323953.html
   My bibliography  Save this article

Economic Implications of Disasters on Cooperative Sector in CALABARZON, Philippines

Author

Listed:
  • Mina, Ceptryl S.
  • Cruz, Liezel S.

Abstract

Cooperatives serve as an important tool for improving the living conditions of members and their community. However, like any other business enterprise, cooperatives are also exposed to disasters that may affect their operations. This study analyzed the economic effects of disasters on cooperatives in CALABARZON, Philippines. Results of the Pearson’s chi-square test showed that cooperatives are exposed to various types of natural, biological, and human induced disasters. It was found out that disasters lead to increased operational costs and reduced net surplus. Using emergency-use-only cell phones and generators, changing production patterns, limiting high risk-customers, buying insurance, and establishing online and offline data backup systems were all found to mitigate the effects of disasters significantly. This study underscores that having business continuity plan (BCP) helps ensure continuous business operations following disaster events. This study recommends developing strategies that would equip cooperatives with necessary technical knowledge and skills in crafting and implementing BCP.

Suggested Citation

  • Mina, Ceptryl S. & Cruz, Liezel S., 2021. "Economic Implications of Disasters on Cooperative Sector in CALABARZON, Philippines," Journal of Economics, Management & Agricultural Development, Journal of Economics, Management & Agricultural Development (JEMAD), vol. 7(1), June.
    • Handle: RePEc:ags:pjemad:323953
    DOI: 10.22004/ag.econ.323953
    as

    Download full text from publisher

    File URL: https://ageconsearch.umn.edu/record/323953/files/JEMAD-Vol-7-No-1-Mina-1.pdf
    Download Restriction: no
    File URL: https://libkey.io/10.22004/ag.econ.323953?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Israel, Danilo C. & Briones, Roehlano M., 2012. "Impacts of Natural Disasters on Agriculture, Food Security, and Natural Resources and Environment in the Philippines," Discussion Papers DP 2012-36, Philippine Institute for Development Studies.
    2. Eggers, Fabian, 2020. "Masters of disasters? Challenges and opportunities for SMEs in times of crisis," Journal of Business Research, Elsevier, vol. 116(C), pages 199-208.
    3. Douty, Christopher M, 1972. "Disasters and Charity: Some Aspects of Cooperative Economic Behavior," American Economic Review, American Economic Association, vol. 62(4), pages 580-590, September.
    4. Jimenez, Carolyn D. & Mina, Ceptryl S. & Catelo, Salvador P., 2020. "Multidimensional Poverty Among Calamansi Farmers in Oriental Mindoro, Philippines: Does Cooperative Membership Matter?," Journal of Economics, Management & Agricultural Development, Journal of Economics, Management & Agricultural Development (JEMAD), vol. 6(1), June.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Diego A. B. Marconatto & Gaspar A. Peixoto & Emidio G. Teixeira & Adelar Fochezatto, 2022. "Women on the Front Line: The Growth of SMEs during Crises," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    2. Ali Zackery & Joseph Amankwah-Amoah & Zahra Heidari Darani & Shiva Ghasemi, 2022. "COVID-19 Research in Business and Management: A Review and Future Research Agenda," Sustainability, MDPI, vol. 14(16), pages 1-32, August.
    3. Matthias Filser & Sascha Kraus & Matthias Breier & Ioanna Nenova & Kaisu Puumalainen, 2021. "Business model innovation: Identifying foundations and trajectories," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 891-907, February.
    4. Waseem Akhter & Khalid Zaman & Abdelmohsen A. Nassani & Muhammad Moinuddin Qazi Abro, 2020. "Nexus between natural and technical disaster shocks, resource depletion and growth-specific factors: evidence from quantile regression," Natural Hazards: Journal of the International Society for the Prevention and Mitigation of Natural Hazards, Springer;International Society for the Prevention and Mitigation of Natural Hazards, vol. 104(1), pages 143-169, October.
    5. Nguyen, H.-R. & Ngo, Q.-T. & Nguyen, N.-D., 2018. "Effects of Natural Disaster on Rice Production at Farm Level: New Evidence from Vietnam," AGRIS on-line Papers in Economics and Informatics, Czech University of Life Sciences Prague, Faculty of Economics and Management, vol. 10(1).
    6. Ioannis Giotopoulos & Alexander S. Kritikos & Aggelos Tsakanikas, 2023. "A lasting crisis affects R&D decisions of smaller firms: the Greek experience," The Journal of Technology Transfer, Springer, vol. 48(4), pages 1161-1175, August.
    7. Piotr Korneta & Grzegorz Kunikowski & Magdalena Chmiel, 2021. "Conversion of Sars-Cov-2 Threats into Business Opportunities by Polish Outpatient Clinics," European Research Studies Journal, European Research Studies Journal, vol. 0(Special 4), pages 893-910.
    8. Quan-Hoang Vuong & Huyen Thanh T. Nguyen & Thanh-Hang Pham & Manh-Toan Ho & Minh-Hoang Nguyen, 2021. "Assessing the ideological homogeneity in entrepreneurial finance research by highly cited publications," Palgrave Communications, Palgrave Macmillan, vol. 8(1), pages 1-11, December.
    9. Carracedo, Patricia & Puertas, Rosa & Marti, Luisa, 2021. "Research lines on the impact of the COVID-19 pandemic on business. A text mining analysis," Journal of Business Research, Elsevier, vol. 132(C), pages 586-593.
    10. Bürgel, Tobias R. & Hiebl, Martin R.W. & Pielsticker, David I., 2023. "Digitalization and entrepreneurial firms' resilience to pandemic crises: Evidence from COVID-19 and the German Mittelstand," Technological Forecasting and Social Change, Elsevier, vol. 186(PA).
    11. Choudrie, Jyoti & Manandhar, Nuga & Castro, Carolina & Obuekwe, Chikelue, 2023. "Hey Siri, Google! Can you help me? A qualitative case study of smartphones AI functions in SMEs," Technological Forecasting and Social Change, Elsevier, vol. 189(C).
    12. Spencer, Nekeisha & Polachek, Solomon, 2015. "Hurricane watch: Battening down the effects of the storm on local crop production," Ecological Economics, Elsevier, vol. 120(C), pages 234-240.
    13. Raed Al-Husain, 2023. "Unveiling the Dynamics of Organizational Characteristics in Disaster Management: Insights from Kuwait," Sustainability, MDPI, vol. 15(17), pages 1-32, August.
    14. Mohamed Mansouri & Cheklekbire Malainine & Hayat Souti & Ikram Cadimi, 2022. "Dynamic capabilities, competitiveness and performance of small and medium-sized enterprises: a systematic literature review [Capacités dynamiques, compétitivité et performance des petites et moyenn," Post-Print hal-03794567, HAL.
    15. Chin‐Hsien Yu & Bruce A. McCarl & Jian‐Da Zhu, 2022. "Market response to typhoons: The role of information and expectations," Southern Economic Journal, John Wiley & Sons, vol. 89(2), pages 496-521, October.
    16. Edison D. Macusi & Nitcel Aymie Albarido & Misael B. Clapano & Mudjekeewis D. Santos, 2022. "Vulnerability Assessment of Pacific Whiteleg Shrimp ( Penaeus vannamei ) Farms and Vendors in Davao, Philippines Using FishVool," Sustainability, MDPI, vol. 14(8), pages 1-15, April.
    17. Marcus Dejardin & Mario L. Raposo & João J. Ferreira & Cristina I. Fernandes & Pedro M. Veiga & Luís Farinha, 2023. "The impact of dynamic capabilities on SME performance during COVID-19," Review of Managerial Science, Springer, vol. 17(5), pages 1703-1729, July.
    18. Adesoji Adelaja & Justin George, 2021. "Food and Agricultural Security: An Introduction to the Special Issue," Sustainability, MDPI, vol. 13(21), pages 1-7, November.
    19. Craig E. Landry & Andreas Lange & John A. List & Michael K. Price & Nicholas G. Rupp, 2010. "Is a Donor in Hand Better Than Two in the Bush? Evidence from a Natural Field Experiment," American Economic Review, American Economic Association, vol. 100(3), pages 958-983, June.
    20. Liridon Kryeziu & Mehmet Bağış & Mehmet Nurullah Kurutkan & Besnik A. Krasniqi & Artan Haziri, 2022. "COVID-19 impact and firm reactions towards crisis: Evidence from a transition economy," Journal of Entrepreneurship, Management and Innovation, Fundacja Upowszechniająca Wiedzę i Naukę "Cognitione", vol. 18(1), pages 169-196.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ags:pjemad:323953. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: AgEcon Search (email available below). General contact details of provider: https://edirc.repec.org/data/ceuplph.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.