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Bouncing Back from Extreme Weather Events: Some Preliminary Findings on Resilience Barriers Facing Small and Medium‐Sized Enterprises

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  • George Halkos
  • Antonis Skouloudis
  • Chrisovaladis Malesios
  • Konstantinos Evangelinos

Abstract

Extreme weather events (EWEs) pose unprecedented threats to modern societies and represent a much‐debated issue strongly interlinked with current development policies. Small and medium‐sized enterprises (SMEs), which constitute a driving force of economic growth, employment and total value added, remain highly vulnerable to and ill prepared for such environmental perturbations. This study investigates barriers to SMEs’ resilience to EWEs in an attempt to shed light on enabling factors that can define effective organizational responses to non‐linear environmental stimuli. Relying on structural equation modeling and data gathered from 109 SMEs that recently experienced EWE impacts, we link the general concept of SMEs’ resilience barriers to EWEs with a series of elements to determine specific internal and external factors that contribute the most to EWE resilience. In particular, external barriers of institutional conditions and mechanisms of support and guidance as well as internal barriers of resources and managerial perceptions are found to be the most critical ones in determining resilience. The assessment offers essential research evidence for practitioners on SME management and sets forth linkages with current mechanisms for policy interventions towards an appropriate resilience agenda for SMEs. Copyright © 2018 John Wiley & Sons, Ltd and ERP Environment

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  • George Halkos & Antonis Skouloudis & Chrisovaladis Malesios & Konstantinos Evangelinos, 2018. "Bouncing Back from Extreme Weather Events: Some Preliminary Findings on Resilience Barriers Facing Small and Medium‐Sized Enterprises," Business Strategy and the Environment, Wiley Blackwell, vol. 27(4), pages 547-559, May.
    • Handle: RePEc:bla:bstrat:v:27:y:2018:i:4:p:547-559
    DOI: 10.1002/bse.2019
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    Cited by:

    1. Halkos, George, 2020. "Examining the level of competition in the energy sector," MPRA Paper 98343, University Library of Munich, Germany.
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    3. Shashi & Piera Centobelli & Roberto Cerchione & Myriam Ertz, 2020. "Managing supply chain resilience to pursue business and environmental strategies," Business Strategy and the Environment, Wiley Blackwell, vol. 29(3), pages 1215-1246, March.
    4. Jorge Rivera & Viviane Clement, 2019. "Business adaptation to climate change: American ski resorts and warmer temperatures," Business Strategy and the Environment, Wiley Blackwell, vol. 28(7), pages 1285-1301, November.
    5. Agnieszka Karman, 2020. "An examination of factors influencing the application of mechanisms of organizations' resilience to weather extremes," Business Strategy and the Environment, Wiley Blackwell, vol. 29(1), pages 276-290, January.
    6. Antonis Skouloudis & Thomas Tsalis & Ioannis Nikolaou & Konstantinos Evangelinos & Walter Leal Filho, 2020. "Small & Medium-Sized Enterprises, Organizational Resilience Capacity and Flash Floods: Insights from a Literature Review," Sustainability, MDPI, vol. 12(18), pages 1-17, September.
    7. Abraham Carmeli & Ari Dothan & Dev Kumar Boojihawon, 2020. "Resilience of sustainability‐oriented and financially‐driven organizations," Business Strategy and the Environment, Wiley Blackwell, vol. 29(1), pages 154-169, January.
    8. Jae Kyu Myung & Hyoung-Tae An & Su-Yol Lee, 2019. "Corporate Competitiveness Index of Climate Change: A Balanced Scorecard Approach," Sustainability, MDPI, vol. 11(5), pages 1-16, March.
    9. Mercedes Bleda & Elisabeth Krull & Jonatan Pinkse & Eleni Christodoulou, 2023. "Organizational heuristics and firms' sensemaking for climate change adaptation," Business Strategy and the Environment, Wiley Blackwell, vol. 32(8), pages 6124-6137, December.

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    JEL classification:

    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q50 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - General
    • Q54 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Climate; Natural Disasters and their Management; Global Warming
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • Q59 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Other

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