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Natural resource dependence theory: Impacts of extreme weather events on organizations


  • Bergmann, Anne
  • Stechemesser, Kristin
  • Guenther, Edeltraud


Building on the natural resource dependence theory (NRDT), this analysis represents the first comprehensive investigation on how extreme weather events affect financial performance. The Qualitative Comparative Analysis builds on 38 expert interviews taking place predominately at small and medium-sized organizations from various industry sectors in South-East Germany, and relates those results to financial data. The analysis reveals organizational dependence on the number of affecting extreme weather events to the potential of generating positive financial performance. Hence, organizations whose business seriously suffer the impacts of extreme climatic elements cannot generate positive sales growth. By testing the NRDT, this analysis contributes to management science by examining one of the most challenging environmental risks: climate change.

Suggested Citation

  • Bergmann, Anne & Stechemesser, Kristin & Guenther, Edeltraud, 2016. "Natural resource dependence theory: Impacts of extreme weather events on organizations," Journal of Business Research, Elsevier, vol. 69(4), pages 1361-1366.
  • Handle: RePEc:eee:jbrese:v:69:y:2016:i:4:p:1361-1366
    DOI: 10.1016/j.jbusres.2015.10.108

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    References listed on IDEAS

    1. Gail Whiteman & Brian Walker & Paolo Perego, 2013. "Planetary Boundaries: Ecological Foundations for Corporate Sustainability," Journal of Management Studies, Wiley Blackwell, vol. 50(2), pages 307-336, March.
    2. Ragin, Charles C., 2000. "Fuzzy-Set Social Science," University of Chicago Press Economics Books, University of Chicago Press, number 9780226702773.
    3. Svend-Erik Skaaning, 2011. "Assessing the Robustness of Crisp-Set and Fuzzy-Set QCA Results," Sociological Methods & Research, , vol. 40(2), pages 391-408, May.
    4. Evan Mills, 2009. "A Global Review of Insurance Industry Responses to Climate Change," The Geneva Papers on Risk and Insurance - Issues and Practice, Palgrave Macmillan;The Geneva Association, vol. 34(3), pages 323-359, July.
    5. Härtel, Charmine EJ & Pearman, Graeme I, 2010. "Understanding and responding to the climate change issue: Towards a whole-of-science research agenda," Journal of Management & Organization, Cambridge University Press, vol. 16(01), pages 16-47, March.
    6. repec:ucp:bkecon:9780226702766 is not listed on IDEAS
    7. Jeremy Galbreath, 2011. "To What Extent is Business Responding to Climate Change? Evidence from a Global Wine Producer," Journal of Business Ethics, Springer, vol. 104(3), pages 421-432, December.
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    Cited by:

    1. Edimilson Costa Lucas & Wesley Mendes Da Silva & Gustavo Silva Araujo, 2017. "Does Extreme Rainfall Lead to Heavy Economic Losses in the Food Industry?," Working Papers Series 462, Central Bank of Brazil, Research Department.


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