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

Nova SBE Environmental Knowledge Center at AERNA 2022

Two papers of the Nova SBE Environmental Knowledge Center are presented at the AERNA 2022. "Crowdfunding vs. Taxes: Does the payment vehicle influence WTP for Ecosystem Services protection?" and "The Economic Value of Land-Based Ecosystem Services in Portugal: A Spatially Explicit Approach"

Integrating climate change in ocean planning

OceanPlan project is a 3-year research project investigating how marine spatial planning can both be affected by and adapt to global climate change.

SARDINHA2020: An ecosystem approach to sardine fisheries management

Sardinha2020 aims at contributing to further integrate economics into fishery policy advice.

A Step Towards a More Sustainable Financial Market

Undeniably, society’s concern about being green has been growing tremendously for the past years, and environmental awareness is certainly one of the century's burning issues. Consumers are changing their behaviors, opting for sustainable products,and making more aware choices. However, is replacing a plastic bag with a paper one the only way of being green?

THE CHOICES OF

Partnerships for Progress: The Role of Universities in Achieving the SDGs in Low- and Middle-Income Countries

This paper was hold by students in the following of Global Impact Mindset: UN SDG Module of NOVA SBE. The article highlights the crucial role of partnerships between universities, governments, and communities in achieving the United Nations Sustainable Development Goals (SDGs) in low- and middle-income countries (LMICs). The article argues that these partnerships can help universities in LMICs to address the challenges of expanding research and academic capacity while maintaining equitable access, promote equitable access to education and research, and design solutions that are responsive to the unique needs and challenges facing these groups. The article also emphasizes that universities in LMICs can act as a bridge between different sectors, facilitating collaboration and cooperation towards the common goal of sustainable development.

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.