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Natural resource dependence theory: Impacts of extreme weather events on organizations

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  • Bergmann, Anne
  • Stechemesser, Kristin
  • Guenther, Edeltraud

Abstract

Building on the natural resource dependence theory (NRDT), this analysis represents the first comprehensive investigation on how extreme weather events affect financial performance. The Qualitative Comparative Analysis builds on 38 expert interviews taking place predominately at small and medium-sized organizations from various industry sectors in South-East Germany, and relates those results to financial data. The analysis reveals organizational dependence on the number of affecting extreme weather events to the potential of generating positive financial performance. Hence, organizations whose business seriously suffer the impacts of extreme climatic elements cannot generate positive sales growth. By testing the NRDT, this analysis contributes to management science by examining one of the most challenging environmental risks: climate change.

Suggested Citation

  • Bergmann, Anne & Stechemesser, Kristin & Guenther, Edeltraud, 2016. "Natural resource dependence theory: Impacts of extreme weather events on organizations," Journal of Business Research, Elsevier, vol. 69(4), pages 1361-1366.
    • Handle: RePEc:eee:jbrese:v:69:y:2016:i:4:p:1361-1366
    DOI: 10.1016/j.jbusres.2015.10.108
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    References listed on IDEAS

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    Cited by:

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    3. Edimilson Costa Lucas & Wesley Mendes Da Silva & Gustavo Silva Araujo, 2017. "Does Extreme Rainfall Lead to Heavy Economic Losses in the Food Industry?," Working Papers Series 462, Central Bank of Brazil, Research Department.
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    5. Benincasa, Emanuela & Betz, Frank & Gattini, Luca, 2024. "How do firms cope with losses from extreme weather events?," Journal of Corporate Finance, Elsevier, vol. 84(C).
    6. Xiao, Yi & Chen, Ke, 2024. "Green finance, natural resource dependence and environmental quality: Evidence from China," Resources Policy, Elsevier, vol. 92(C).
    7. He, Xin & Xu, Xinwei & Shen, Yu, 2023. "How climate change affects enterprise inventory management —— From the perspective of regional traffic," Journal of Business Research, Elsevier, vol. 162(C).

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