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Journal of Financial Stability· 2026Q1

Floods and firms: Vulnerabilities and resilience to natural disasters in Europe

Serena Fatica, Gabor Katay, Michela Rancan

Short summary

Floods significantly and persistently reduce European manufacturing firms' performance and survival, with total assets declining by 2% one year after an event and up to 5% seven years later.

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Field: Sociology and Political Science

Sociology and Political ScienceSocial Sciences