Alternative Finance after Natural Disasters
نویسندگان
چکیده
In this paper, we show that alternative finance (e.g. private equity, crowdfunding and venture capital) is a key source of funding for firms are affected by natural disasters. Using data on large sample US companies from 2010 to 2019, provide robust empirical evidence increases within 3 months after the occurrence disaster. Panel analysis at state level shows extreme events cause least an average increase 47% relative in non-affected states. We also find size, reliance physical assets age improve access adverse events. Our highlights role lenders providing financial resources exogenous
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ژورنال
عنوان ژورنال: British Journal of Management
سال: 2021
ISSN: ['1467-8551', '1045-3172']
DOI: https://doi.org/10.1111/1467-8551.12516