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Business and climate change risk: a regional time series analysis

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  • Peter Romilly

    (University of Abertay Dundee, Dundee, Scotland)

Abstract

International business activity has to adapt to a number of new challenges, including higher temperatures and flood risks. The adaptation process will depend partly on the development of new forms of risk analysis for decision-making. This paper identifies statistically significant differences in regional temperature risk profiles, and develops climate change risk rankings for 11 regions of the globe. The methodology is based on a univariate time series analysis of regional mean temperatures, and takes into account the extent to which extreme temperature events cluster together, an important factor in weather-related risk analysis. The implications of the empirical results are discussed, with particular reference to the insurance and reinsurance markets. Journal of International Business Studies (2007) 38, 474–480. doi:10.1057/palgrave.jibs.8400266

Suggested Citation

  • Peter Romilly, 2007. "Business and climate change risk: a regional time series analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 38(3), pages 474-480, May.
  • Handle: RePEc:pal:jintbs:v:38:y:2007:i:3:p:474-480
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    Cited by:

    1. Kolk, Ans, 2016. "The social responsibility of international business: From ethics and the environment to CSR and sustainable development," Journal of World Business, Elsevier, vol. 51(1), pages 23-34.
    2. Jorge MONGAY, 2017. "Market Economies Potentialities and Cultural Clusters. A Global and Longitudinal Study," Expert Journal of Economics, Sprint Investify, vol. 5(1), pages 1-13.
    3. repec:eee:worbus:v:54:y:2019:i:1:p:54-65 is not listed on IDEAS
    4. repec:kap:jbuset:v:150:y:2018:i:4:d:10.1007_s10551-016-3207-6 is not listed on IDEAS

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