Environment
Project
INVITED EDITOR
Editorial from
Miguel Ferreira
Miguel Ferreira- BPI | Fundação “la Caixa” Chair in Responsible Finance | Nova SBE's Dean of Faculty and Research
December 9, 2022
13. Climate action

13. Climate action

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

“How does Climate Change Affect Firm Sales? Identifying Supply Effects”

This is the title of the paper Miguel Ferreira presented at the 49th European Finance Association. Click here to read the abstract and access the paper!

The 49th European Finance Association Annual Meeting happened from the 24th until the 27th of August in Barcelona, Spain. It was organised by IESE Business School in Barcelona and there, Miguel Ferreira had his paper presented.  

If you want to read the paper you can do so in the following links:

“How Does Climate Change Affect Firm Sales? Identifying Supply Effects” by Miguel Ferreira

Abstract: We estimate the supply side effect of climate change on firm sales 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%. In addition, extreme hot and cold weather events lead to larger drops in sales. The effect is more pronounced among suppliers in manufacturing and heat-sensitive industries, which is consistent with lower labor productivity and labor supply when temperatures are higher. Financially constrained suppliers are more affected due to their lack of financial flexibility to adapt to changes in temperatures.

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

Keep reading

Inclined plane

We live in crisis, but it is not new. Today is a pandemic, tomorrow a new economic crisis and the climate crisis continues to worsen. The state may not only serve for temporary emergencies and the state that this has reached is a structural crisis. It is possible to resolve an economic crisis by also leaving the climate crisis fairly.

What a ‘green recovery’ might look like

“Whatever it takes!” has become a motto for saving the global economy as the coronavirus pandemic sweeps the planet and shuts down entire countries. Governments are pushing unprecedented stimulus packages, now exceeding 10 trillion USD according to estimates from the consulting firm McKinsey & Company.

Design Research for Sustainability

In this episode, Anne Laure Fayard talks to Joana Casaca Lemos, a design researcher passionate about sustainability innovation, who shared her view on design for sustainability and related terms like planet-centered design and circular design. Click here to learn more about the podcast and the episode.

VALPRAD

VALPRAD, a research project of Nova SBE Environmental Economics Knowledge Center, aims to investigate the ecological importance and estimate the economic value provided by seagrass meadows in the Sado Estuary for conservation purposes.

THE CHOICES OF

BOLD Leadership: Nova SBE's Innovative Program for Future Leaders

In an era defined by rapid change and global challenges, the question of what it takes to be an outstanding leader in the 21st century becomes increasingly crucial. Nova School of Business and Economics (Nova SBE) has stepped up to address this query with its groundbreaking initiative: BOLD – Be an Outstanding Leader. This senior manager training program not only equips participants with essential skills but also aligns with the United Nations’ Sustainable Development Goal 16 (SDG 16), emphasizing the role of leadership in creating positive societal impact.

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.