Matches in SemOpenAlex for { <https://semopenalex.org/work/W4385637265> ?p ?o ?g. }
- W4385637265 endingPage "363" @default.
- W4385637265 startingPage "363" @default.
- W4385637265 abstract "This paper investigates the impact of flood management policies on airport investment and the resulting financial constraints. Specifically, it examines the effects of flood insurance, building codes, and public adaptation investment on the investment decisions of 100 United States airports located in flood-prone areas. The paper estimated the financial loss from extreme precipitations and flooding using novel data from the United States Federal Emergency Management Agency, and a differences-in-differences framework leveraging the introduction of the 2012 Biggert–Waters reform of the National Flood Insurance Program. The findings reveal that while flood insurance costs negatively influence overall airport investment, they do not significantly affect investment–cash sensitivity. On the other hand, the introduction of stricter building codes and public adaptation investment leads to increased cash usage for investment purposes, particularly among airports exposed to extreme precipitation and flood risks. Furthermore, the analysis suggests that the observed increase in financial constraints resulting from stricter building codes and public adaptation investment is likely driven by the asymmetry of information rather than the materiality of flood risk. In other words, public investment in flood risk reduction appears to signal to investors that the airport is exposed to flood risk, potentially leading to increased financial constraints. This finding highlights the importance of considering information asymmetry when assessing the impact of flood management policies on financial constraints. Understanding the underlying drivers of these effects is crucial for supporting resilient infrastructure development and informing effective decision-making in flood-prone areas." @default.
- W4385637265 created "2023-08-08" @default.
- W4385637265 creator A5038830463 @default.
- W4385637265 date "2023-08-07" @default.
- W4385637265 modified "2023-09-27" @default.
- W4385637265 title "Flood Insurance, Building Codes, and Public Adaptation: Implications for Airport Investment and Financial Constraints" @default.
- W4385637265 cites W1695044265 @default.
- W4385637265 cites W1964991622 @default.
- W4385637265 cites W1969457386 @default.
- W4385637265 cites W1972183204 @default.
- W4385637265 cites W1976672252 @default.
- W4385637265 cites W1984424667 @default.
- W4385637265 cites W1993938495 @default.
- W4385637265 cites W2018645163 @default.
- W4385637265 cites W2034635937 @default.
- W4385637265 cites W2042023080 @default.
- W4385637265 cites W2056559776 @default.
- W4385637265 cites W2066552877 @default.
- W4385637265 cites W2083029259 @default.
- W4385637265 cites W2092688505 @default.
- W4385637265 cites W2110335911 @default.
- W4385637265 cites W2121605199 @default.
- W4385637265 cites W2136456638 @default.
- W4385637265 cites W2148289204 @default.
- W4385637265 cites W2271674507 @default.
- W4385637265 cites W2396645775 @default.
- W4385637265 cites W2466864377 @default.
- W4385637265 cites W2522788835 @default.
- W4385637265 cites W2597170841 @default.
- W4385637265 cites W2793191123 @default.
- W4385637265 cites W2800670482 @default.
- W4385637265 cites W2802488982 @default.
- W4385637265 cites W2836243495 @default.
- W4385637265 cites W2898001417 @default.
- W4385637265 cites W2901609278 @default.
- W4385637265 cites W2903751886 @default.
- W4385637265 cites W2914972152 @default.
- W4385637265 cites W2937532019 @default.
- W4385637265 cites W2943461908 @default.
- W4385637265 cites W2952070778 @default.
- W4385637265 cites W2967023249 @default.
- W4385637265 cites W2967478895 @default.
- W4385637265 cites W2981252949 @default.
- W4385637265 cites W3001470273 @default.
- W4385637265 cites W3003335344 @default.
- W4385637265 cites W3047387111 @default.
- W4385637265 cites W3083187557 @default.
- W4385637265 cites W3108390018 @default.
- W4385637265 cites W3121845242 @default.
- W4385637265 cites W3122404339 @default.
- W4385637265 cites W3123776852 @default.
- W4385637265 cites W3124114405 @default.
- W4385637265 cites W3124146234 @default.
- W4385637265 cites W3125011891 @default.
- W4385637265 cites W3128335174 @default.
- W4385637265 cites W3135024988 @default.
- W4385637265 cites W3152140729 @default.
- W4385637265 cites W3173240121 @default.
- W4385637265 cites W4226112425 @default.
- W4385637265 cites W4239894691 @default.
- W4385637265 cites W4281736403 @default.
- W4385637265 cites W4309625971 @default.
- W4385637265 cites W4313262177 @default.
- W4385637265 cites W4377832317 @default.
- W4385637265 cites W4381301567 @default.
- W4385637265 cites W2913945374 @default.
- W4385637265 doi "https://doi.org/10.3390/jrfm16080363" @default.
- W4385637265 hasPublicationYear "2023" @default.
- W4385637265 type Work @default.
- W4385637265 citedByCount "0" @default.
- W4385637265 crossrefType "journal-article" @default.
- W4385637265 hasAuthorship W4385637265A5038830463 @default.
- W4385637265 hasBestOaLocation W43856372651 @default.
- W4385637265 hasConcept C10138342 @default.
- W4385637265 hasConcept C144133560 @default.
- W4385637265 hasConcept C166957645 @default.
- W4385637265 hasConcept C17744445 @default.
- W4385637265 hasConcept C199539241 @default.
- W4385637265 hasConcept C205649164 @default.
- W4385637265 hasConcept C27548731 @default.
- W4385637265 hasConcept C2776648845 @default.
- W4385637265 hasConcept C74256435 @default.
- W4385637265 hasConcept C94625758 @default.
- W4385637265 hasConceptScore W4385637265C10138342 @default.
- W4385637265 hasConceptScore W4385637265C144133560 @default.
- W4385637265 hasConceptScore W4385637265C166957645 @default.
- W4385637265 hasConceptScore W4385637265C17744445 @default.
- W4385637265 hasConceptScore W4385637265C199539241 @default.
- W4385637265 hasConceptScore W4385637265C205649164 @default.
- W4385637265 hasConceptScore W4385637265C27548731 @default.
- W4385637265 hasConceptScore W4385637265C2776648845 @default.
- W4385637265 hasConceptScore W4385637265C74256435 @default.
- W4385637265 hasConceptScore W4385637265C94625758 @default.
- W4385637265 hasIssue "8" @default.
- W4385637265 hasLocation W43856372651 @default.
- W4385637265 hasOpenAccess W4385637265 @default.
- W4385637265 hasPrimaryLocation W43856372651 @default.
- W4385637265 hasRelatedWork W2024673720 @default.