AboutWhat is your role?
Nova SBE
Role to Play
searchCONTRIBUTEGET INVOLVED
Economics
Research insight
INVITED EDITOR
Editorial from
Miguel Ferreira
BPI | Fundação “la Caixa” Chair in Responsible Finance | Nova SBE's Dean of Faculty and Research
July 16, 2024
8. Decent work and economic growth

8. Decent work and economic growth

Promote inclusive and sustainable economic growth, full and productive employment and decent work for all
LEARN MORE

13. Climate action

Take urgent action to combat climate change and its impacts
LEARN MORE

LEARN MORE

Economic Impact of Climate Change

Miguel Ferreira, with Cláudia Custódio and Adrian Lam, both from the Imperial College Business School, and Emilia Garcia-Appendini, from the University of Zurich, won the EFIC2021 (5th EFIC Conference in Banking and Corporate Finance - Essex Business School) Best Paper Award with their paper Economic impact of climate change.

Abstract

We estimate the economic impact of climate change by exploiting variation in local temperature across suppliers of the same client. We find that suppliers experiencing a 1°C increase in average daily temperature decrease their sales by 2%. The effect is more pronounced among suppliers in manufacturing and heat-sensitive industries, which is consistent with lower labor productivity and supply when temperatures are higher. Financially constrained suppliers are more affected due to their lack of financial flexibility to adapt to changes in temperatures. We also find that episodes of extremely hot and cold weather lead to large drops in sales.

‍

Authors

Claudia Custodio
Imperial College London; Centre for Economic Policy Research (CEPR); European Corporate Governance Institute (ECGI)

Miguel A. Ferreira
Nova School of Business and Economics; European Corporate Governance Institute (ECGI); Centre for Economic Policy Research (CEPR)

Emilia Garcia-Appendini
University of Zurich - Department of Banking and Finance

Adrian Lam
Imperial College London

‍

‍

Access the paper here

Miguel Ferreira
BPI | Fundação “la Caixa” Chair in Responsible Finance | Nova SBE's Dean of Faculty and Research
LEARN MORE
SHARE
LINKEDINTWITTERFACEBOOKWHATSAPP

Keep reading

Economics
Research insight
SDG
16
17

Follow the leader: Using videos to make information on resource revenue management more relevant

Under the theme of Economic Development in Africa, the NOVAFRICA@Nova SBE seminar series hosts a variety of international speakers. This seminar invited Christa Brunnschweiler, University of East Anglia.
Economics
Opinion Article
SDG
12

From flies in urinals to higher savings rates: How nudging influences our decisions

Nudging has been the start point of many economic studies, particularly in behavioral economics, as it explores how people´s decisions could significantly change predictably by modifying the context of such decisions in a very subtle form. The concept was first introduced by the Nobel Prizewinner Richard Thaler and Professor Cass Sunstein. However, Thaler stressed the point that nudging should be used for good, intending to improve society’s welfare, but has his wish become a reality?
Economics
Project
SDG
16

Elderly Fraud Research

Nova SBE Behavioral Lab's research program tackles two important questions: Are older people more likely to be chosen as targets of fraud? And are they in fact, more likely to succumb to fraud, if targeted?
Economics
Research insight
SDG
17

Who seeks reelection: local fiscal restraints and political selection

Which political incumbents are more likely to seek reelection? This paper analyzes the consequences of local fiscal autonomy with respect to political selection.

THE CHOICES OF

Research and Development
Research insight
SDG
4
13

Nova SBE awarded at the 1st edition of the EFFAS Gasperini Awards

Professors Miguel Ferreira and José Tavares and Nova SBE PhD student Sharmin Sazedj were awarded the first edition of the EFFAS Gasperini Awards, where they represented Nova SBE

Subscribe our weekly newsletter

By subscribing to the Nova SBE Role to Play newsletter, you can stay up-to-date on the latest articles posted on the website.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

We all have a role to play

We are on a mission to be a community dedicated to the development of talent and knowledge that impacts the world.

With just ten years to go, an ambitious global effort is underway to deliver the 2030 promise. We want to take a stand and we are calling on our community to showcase how they are contributing to the 17 Sustainable Development Goals, whilst influencing more and more people to unravel their role to play.

Here, you will find four different ways your ideas can flourish, dialogue can be enhanced, and action can take place. You can choose one or all four, and Nova SBE will be there to support you all the way and guarantee tangible change.

We all have a role to play, and this is your way in.

Nova School of Business & Economics

To Nova SBE, positive impact shall have a relationship to the UN's Sustainable Development Goals. Our community is committed to foster dialogue and action, by disseminating knowledge, launching innovative projects, supporting organizations' transformation, and leading by example, as responsible citizens.

Important Links
Guidelines for authorsOur Resources
Ecosystem
Nova SBEStudentsalumniresearchknowledge centersInstitutes
Follow Nova SBE
#roletoplay
FacebookTwitterInstagramLinkedinYoutube
Copyright © Nova School of Business & Economics. All Rights Reserved. 2019-2022
Design with  ♥  in 2022