Natural disasters, firm survival, and growth: Evidence from the Ise Bay Typhoon, Japan
研究1959年日本伊势湾台风对名古屋市企业生存和幸存者表现的影响，发现零售批发业更易存活而制造业更难，幸存企业资本升级存在行业差异。
Abstract This paper investigates the damage impact of the 1959 Ise Bay Typhoon on firm survival and survivor performance in Nagoya City, Japan. We combine firm‐level data with a local damage proxy storm surge‐induced flooding. We find that firms in retail and wholesale were less and those in manufacturing more likely to survive after being flooding. There was some evidence of spillover effects from nearby regions on firm exit. Surviving firm performance was heterogeneous across sectors in that some (manufacturing and construction) upgraded and others (retail and wholesale) their capital. Indirect impacts from nearby regions were both positive and negative, contingent on the sector of operation.