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<p>Exploring the impacts of extreme events on firm continuity and size is increasingly relevant as we face a climate crisis. This paper addresses these research questions by analyzing the business interruptions and downsizing resulting from a flood that hit Sardinia (Italy) in November 2013, relying on the EM-DAT International Disasters Database alongside micro-data on employers and employees from INPS (National Social Security Institute). We estimate the impact of the 2013 Sardinian flood on businesses and workers in the affected area using a difference-in-differences (DiD) approach. The results indicate that the flood caused an increase in business closures and a reduction in the number of workers, but the surviving firms managed to recover in the two years after the flood. Spillovers to neighboring provinces are also suggested by the results.</p>

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Business continuity and workforce dynamics under climate shocks: insights from the 2013 Sardinian flood

  • 期刊论文

  • 发表日期：

    2026年3月17日

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  • Grazia Errichiello,
  • Antoine Mandel,
  • Alessandro Sapio

摘要

Exploring the impacts of extreme events on firm continuity and size is increasingly relevant as we face a climate crisis. This paper addresses these research questions by analyzing the business interruptions and downsizing resulting from a flood that hit Sardinia (Italy) in November 2013, relying on the EM-DAT International Disasters Database alongside micro-data on employers and employees from INPS (National Social Security Institute). We estimate the impact of the 2013 Sardinian flood on businesses and workers in the affected area using a difference-in-differences (DiD) approach. The results indicate that the flood caused an increase in business closures and a reduction in the number of workers, but the surviving firms managed to recover in the two years after the flood. Spillovers to neighboring provinces are also suggested by the results.