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Full-Text Articles in Business
Community Bank Liquidity: Natural Disasters As A Natural Experiment, Kyle D. Allen, Matthew D. Whitledge, Drew B. Winters
Community Bank Liquidity: Natural Disasters As A Natural Experiment, Kyle D. Allen, Matthew D. Whitledge, Drew B. Winters
Finance Faculty Publications and Presentations
We examine how community banks respond to liquidity shocks created by natural disasters. We address community banks’ responses to liquidity shocks due to their focused geographic and economic presence, which coincide with their communities’ exposure to the disasters and the ability of the local banks to meet their needs. We find that community banks respond to liquidity shocks by managing their balance sheet, rather than any single balance sheet account. In particular, we find that they respond to the liquidity needs of their communities by increasing loans as deposits are withdrawn.
Natural Disasters, Risk Salience, And Corporate Esg Disclosure, Qiping Huang, Yongjia Li, Meimei Lin, Garrett A. Mcbrayer
Natural Disasters, Risk Salience, And Corporate Esg Disclosure, Qiping Huang, Yongjia Li, Meimei Lin, Garrett A. Mcbrayer
Finance Faculty Publications and Presentations
We examine how natural disasters affect the corporate environmental, social, and governance (ESG) disclosure policies of firms located close to disaster areas. We study firms located in counties neighboring those impacted by natural disasters and find that, on average, these firms increase their ESG disclosure transparency over the period subsequent to the disaster. Given that our sample firms are located outside of the area directly impacted by the disaster, the changes in disclosure transparency after the disaster are consistent with managers increasing their preference for transparency as their risk salience increases. Further, we find that firms with a higher percentage …