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Full-Text Articles in Business

Changes In Reef Tourism’S Adaptive Capacity After Severe Climate Disturbances, Henry Bartelet, Michele Barnes, Lalu Bakti, Graeme S. Cumming Apr 2024

Changes In Reef Tourism’S Adaptive Capacity After Severe Climate Disturbances, Henry Bartelet, Michele Barnes, Lalu Bakti, Graeme S. Cumming

Quantitative Methods and Information Technology Faculty Publications

Knowledge about adaptive capacity and its determinants has increased significantly over the last decade. However, most research on adaptive capacity has been static, not considering how adaptive capacity might change over time, particularly after severe disturbances. We studied the adaptive capacity dynamics of Asian-Pacific reef tourism operators affected by coral bleaching and tropical cyclones compared with a control group with non-affected operators. We found that impacts from tropical cyclones were associated with frequent changes in adaptive capacity. Notably, we found a reduction in tangible attributes (assets and flexibility) of adaptive capacity, whereas intangible attributes (agency and social organization) increased. Our …


Investing In Climate: A Role For 'Sovereign Climate Funds', Marianna Kozintseva, Thierry Wizman Mar 2024

Investing In Climate: A Role For 'Sovereign Climate Funds', Marianna Kozintseva, Thierry Wizman

Sim Kee Boon Institute for Financial Economics

Efforts to address climate change have generally been focused on deploying mitigation technologies. However, it is adaptation technologies (and climate risk transfer) that will have to gain an increasing share of an investment pool dedicated to climate if human systems are to stay resilient to climate forces. Just like mitigation projects, adaptation projects have a strong public goods aspect, wherein public returns exceed private returns, and thus call for the state’s involvement. We argue that sovereign climate funds (SCFs) - new types of sovereign wealth funds with a climate investment mandate - can be critical purpose-built conduits especially for undertaking …


Climate Change And Tourism In The Seychelles: Perceptions And Measures, Tatjana Thimm Jan 2024

Climate Change And Tourism In The Seychelles: Perceptions And Measures, Tatjana Thimm

International Journal of Islands Research

The aim of this paper is to find out in how accommodation providers in the Seychelles perceive climate change and what mitigation and adaptation measures they can provide. In order to answer these questions, a qualitative mixed-method-approach, comprised of twenty semi-structured interviews, an online-survey and participant observation was used. Results show that accommodation providers especially perceive the effects of climate change that directly affect their business and that they have already partly implemented some mitigation and adaptation measures. However, strategies and regulations are needed at the Seychelles’ government level and on a global level to actually achieve CO2 neutral travel.


Environmental Taxation In Spain: Policy And Practice, Emily Sang Lynch Jan 2024

Environmental Taxation In Spain: Policy And Practice, Emily Sang Lynch

Honors Theses and Capstones

No abstract provided.


Renewable Energy Stocks' Performance And Climate Risk: An Empirical Analysis, Lingyu Li, Xianrong Zheng, Shuxi Wang Jan 2024

Renewable Energy Stocks' Performance And Climate Risk: An Empirical Analysis, Lingyu Li, Xianrong Zheng, Shuxi Wang

Information Technology & Decision Sciences Faculty Publications

This article studies the relationship between renewable energy stocks’ performance and climate risk. It shows that publicly held renewable energy stocks underperform as a reaction to climate policy information releases, modeled by feed-in tariff (FIT) legislation announcements. The study examined stock price behaviors 2 days before and 30 days after FIT policy announcements. The stock sample used in the study has 3702 firm-day combinations, which included 180 cleantech firms and 32 events from 2007 to 2017. Based on the residual analysis of the sample’s abnormal return, it indicated that the FIT announcements are associated with significant declines in returns. The …


Climate Change And Its Effects On Conflicts, Ann Lalicker Dec 2023

Climate Change And Its Effects On Conflicts, Ann Lalicker

Journal of Global Awareness

Over the last 50 years, scientists studied the Earth’s warming temperatures and the resulting effects. Although climate change is not a new concept in current events, the consequences it has on exacerbating growing tensions and sustaining violent and nonviolent situations are less widely discussed. Of course, conflicts, internal or international, and their causes are multifaceted and cannot just be explained by one factor alone. However, climate change has a definite role in creating tensions that lead to violent or nonviolent conflict, including famine and displacement, as well as war. Although this rapid climate change is relatively recent in human history, …


Depaul Digest Oct 2023

Depaul Digest

DePaul Magazine

College of Education Professor Jason Goulah fosters hope, happiness and global citizenship through DePaul’s Institute for Daisaku Ikeda Studies in Education. Associate Journalism Professor Jill Hopke shares how to talk about climate change. News briefs from DePaul’s 10 colleges and schools: Occupational Therapy Standardized Patient Program, Financial Planning Certificate program, Business Education in Technology and Analytics Hub, Racial Justice Initiative, Teacher Quality Partnership grant, Intimate Partner Violence and Brain Injury collaboration, School of Music Career Closet, Sports Photojournalism course, DePaul Migration Collaborative’s Solutions Lab, Inclusive Screenwriting courses. New appointments: School of Music Dean John Milbauer, College of Education Dean Jennifer …


Is Carbon Risk Priced In The Cross-Section Of Corporate Bond Returns?, Tinghua Duan, Frank Weikai Li, Quan Wen Sep 2023

Is Carbon Risk Priced In The Cross-Section Of Corporate Bond Returns?, Tinghua Duan, Frank Weikai Li, Quan Wen

Research Collection Lee Kong Chian School Of Business

This paper examines the pricing of a firm's carbon risk, measured by its carbon emissions intensity, in the cross-section of corporate bond returns. Contrary to the "carbon risk premium" hypothesis, we find bonds of firms with higher carbon emissions intensity earn significantly lower returns. This effect cannot be explained by a comprehensive list of bond characteristics and exposure to known risk factors. Investigating sources of the low carbon premium, we find the underperformance of bonds issued by carbon-intensive firms cannot be fully explained by divestment from institutional investors. Instead, our evidence is most consistent with investor underreaction to carbon risk, …


Why Reach Codes: Local Players Driving Statewide Building Standards, Gabriella Medina, Darbi Berry, Gabriela Yamhure Aug 2023

Why Reach Codes: Local Players Driving Statewide Building Standards, Gabriella Medina, Darbi Berry, Gabriela Yamhure

San Diego Regional Climate Collaborative

Reach codes are local energy ordinances that employ various technologies, strategies, and integrated systems that go above California Building Standards Code (CA Building Code, Title 24) standards and support greenhouse gas emission reduction efforts. A reach code is a mandated energy performance requirement for the built environment, typically incorporated as part of a city’s climate action plan, local hazard mitigation plan, or climate adaptation plan. Not only do reach codes help local jurisdictions remain in compliance with state mandates, they enable local climate leadership by signaling support for the future direction of state Building Code standards. This blog provides a …


Modelling Climate Litigation Risk For (Re)Insurers, Martin Lockman Jul 2023

Modelling Climate Litigation Risk For (Re)Insurers, Martin Lockman

Sabin Center for Climate Change Law

In response to the growing threat of climate change, the insurance industry has made significant investments in modelling and quantifying physical climate risks. However, the emerging risk of climate litigation has proven particularly difficult to model. In 2015 Mark Carney, then-Governor of the Bank of England and Chairman of the Financial Stability Board, warned that climate litigation poses “long-tail risks” for insurers that may be “significant, uncertain and non-linear.” Since that warning, the number of climate-related cases has more than doubled, and the scope and financial significance of climate litigation has become increasingly clear. However, insurers and regulators still struggle …


Blockchain And Regenerative Finance: Charting A Path Toward Regeneration, Marco Schletz, Axel Constant, Angel Hsu, Simon J.D. Schillebeeckx, Roman Beck, Martin Wainstein Jul 2023

Blockchain And Regenerative Finance: Charting A Path Toward Regeneration, Marco Schletz, Axel Constant, Angel Hsu, Simon J.D. Schillebeeckx, Roman Beck, Martin Wainstein

Research Collection Lee Kong Chian School Of Business

The Regenerative Finance (ReFi) movement aims to fundamentally transform the governance of global common pool resources (CPRs), such as the atmosphere, which are being degraded despite international efforts. The ReFi movement seeks to achieve this by utilizing digital monitoring, reporting, and verification (D-MRV); tokenization of assets; and decentralized governance approaches. However, there is currently a lack of a clear path forward to create and implement models that actually drive the “Re-” in ReFi beyond perpetuating the existing extractive economics and toward actual regeneration. In addition, ReFi suffers from growing pains, lacking a common interoperability framework and definition for determining what …


Why Agriculture Productivity Falls: The Political Economy Of Agrarian Transition In Developing Countries, Rashed Al Mahmud Titumir Jun 2023

Why Agriculture Productivity Falls: The Political Economy Of Agrarian Transition In Developing Countries, Rashed Al Mahmud Titumir

Purdue University Press Books

Why Agriculture Productivity Falls: The Political Economy of Agrarian Transition in Developing Countries offers a new explanation for the decline in agricultural productivity in developing countries. Transcending the conventional approaches to understanding productivity using agricultural inputs and factors of production, this work brings in the role of formal and informal institutions that govern transactions, property rights, and accumulation. This more robust methodology leads to a comprehensive, well-balanced lens to perceive agrarian transition in developing countries. It argues that the existing process of accumulation has resulted in nonsustainable agriculture because of market failures—the result of asymmetries of power, diseconomies of scale, …


Is Carbon Risk Priced In The Cross Section Of Corporate Bond Returns?, Tinghua Duan, Frank Weikai Li, Quan Wen Jun 2023

Is Carbon Risk Priced In The Cross Section Of Corporate Bond Returns?, Tinghua Duan, Frank Weikai Li, Quan Wen

Research Collection Lee Kong Chian School Of Business

This article examines the pricing of a firm’s carbon risk in the corporate bond market. Contrary to the “carbon risk premium” hypothesis, bonds of more carbon-intensive firms earn significantly lower returns. This effect cannot be explained by a comprehensive list of bond characteristics and exposure to known risk factors. Investigating sources of the low carbon alpha, we find the underperformance of bonds issued by carbon-intensive firms cannot be fully explained by divestment from institutional investors. Instead, our evidence is most consistent with investor underreaction to the predictability of carbon intensity for firm cash-flow news, creditworthiness, and environmental incidents.


A Simulation Of The Impacts Of Climate Change On Civil Aircraft Takeoff Performance, Thomas D. Pellegrin Apr 2023

A Simulation Of The Impacts Of Climate Change On Civil Aircraft Takeoff Performance, Thomas D. Pellegrin

Doctoral Dissertations and Master's Theses

Climate change affects the near-surface environmental conditions that prevail at airports worldwide. Among these, air density and headwind speed are major determinants of takeoff performance, and their sensitivity to global warming carries potential operational and economic implications for the commercial air transport industry. Previous archival and prospective research observed a weakening in headwind strength and predicted an increase in near-surface temperatures, respectively, resulting in an increase in takeoff distances and weight restrictions. The main purpose of the present study was to update and generalize the extant prospective research using a more representative sample of worldwide airports, a wider range of …


Engaging Students Through Conversational Chatbots And Digital Content: A Climate Action Perspective, Thomas Menkhoff, Benjamin Gan Apr 2023

Engaging Students Through Conversational Chatbots And Digital Content: A Climate Action Perspective, Thomas Menkhoff, Benjamin Gan

Research Collection Lee Kong Chian School Of Business

In this case study, we report experiences developing a conversational chatbot as a pre-class and post-class engagement tool for undergraduate students enrolled in sustainability-related courses aimed at educating them about the severity of climate change and the importance of climate action by offsetting one’s carbon footprint (e.g, by planting trees or mangroves in SEA). The intitiative supports the university’s sustainability efforts in general and our new sustainability major in particular aimed at helping students to achieve sustainability-related learning outcomes with reference to climate change and climate action (SDG 13), one of the 17 Sustainable Development Goals established by the United …


Latest Research: Summary 3. Exploring The Impact Of Climate Change On The Future Of Community-Based Wildlife Conservation Feb 2023

Latest Research: Summary 3. Exploring The Impact Of Climate Change On The Future Of Community-Based Wildlife Conservation

Journal of Nonprofit Innovation

Rural populations with local, small-scale agricultural economies across southern and eastern Africa have adopted community-based conservation (CBC) as their wildlife governance approach. This approach is based on the idea that communities will sustainably govern their wildlife resources when they “receive an enduring interest in and are able control and profit from those resources” (p. 1). The key to the success of this approach is the people within those communities need to believe that the benefit from CBC outweighs the costs associated with living with human-wildlife conflicts (HWC). Human-wildlife conflicts include killing of crops or livestock, destruction of infrastructure, and human …


Are Markets Interested In Adapting To Climate? Insights From Singapore, Stella Whittaker, Tran Bao Phuong Nguyen Feb 2023

Are Markets Interested In Adapting To Climate? Insights From Singapore, Stella Whittaker, Tran Bao Phuong Nguyen

Sim Kee Boon Institute for Financial Economics

We have collected the views of leading practitioners and academics in Singapore involved in funding and financing urban climate change adaptation1 (thereon referred to as urban adaptation). Throughout this paper we discuss several vital perspectives on adaptation financing, namely responsibility for adaptation investment, the extent of government adaptation investment, private sector adaptation investment appetite and prospects for experimentation in adaptation financing. We also attempt to shed light on the existence or not of an adaptation financing gap2 in Singapore.


Latest Research: Summary 5. A Review On The Impact Of Climate Change On Food Security And Malnutrition In The Sahel Region Of Cameroon Feb 2023

Latest Research: Summary 5. A Review On The Impact Of Climate Change On Food Security And Malnutrition In The Sahel Region Of Cameroon

Journal of Nonprofit Innovation

Climate change has direct and indirect impacts on human health. One indirect impact is food insecurity, which can lead to malnutrition. In the Sahel region of Cameroon, the population regularly experiences high levels of malnutrition, because harsh climate conditions (including extreme drought) have a negative influence on agriculture. In particular, the extreme drought conditions lead to a reduction in agricultural production, an important parameter of food security.


Latest Research: Summary 2. Importance Of Food-Demand Management For Climate Mitigation Feb 2023

Latest Research: Summary 2. Importance Of Food-Demand Management For Climate Mitigation

Journal of Nonprofit Innovation

As the global population rises, demand for food increases across the globe. This demand simultaneously expands unsustainable agriculture practices, which contribute significant amounts of carbon emissions to the atmosphere, primarily through the increase in the number of livestock and production of livestock feed.


Latest Research: Summary 4. Environmental Nonprofit Campaigns And State Competition: Influences On Climate Policy In California Feb 2023

Latest Research: Summary 4. Environmental Nonprofit Campaigns And State Competition: Influences On Climate Policy In California

Journal of Nonprofit Innovation

In the last three decades, nonprofit organizations have tried to address climate change through specific climate campaigns that are aimed at influencing US government policy. Hall and Taplin (2010) dive into the relationship between nonprofits, levels of US government, and relevant policy.


Climate Resources For Camping: A Resource-Based Theory Perspective, Christopher Craig, Siyao Ma, Song Feng Jan 2023

Climate Resources For Camping: A Resource-Based Theory Perspective, Christopher Craig, Siyao Ma, Song Feng

Faculty & Staff Research and Creative Activity

Camping is a salient economic contributor to nature-based tourism that is also beholden to the natural environment. Climate resources are the combination of naturally occurring meteorological variables of empirically observable importance to firm performance. Tourism climatologist are at the forefront of climate resource research, where investigations have been primarily empirically derived rather than guided by theory. Accordingly, we introduce climate resources to the management discipline’s resource-based theory, operationalizing climate resources as public goods in addition to other public goods like open access innovation. We investigate the value, rareness, and inimitability of climate resources at 36 managed United States National Park …


Understanding Urban Heat Islands And Impacts, Darbi Berry, Nicole Fassina, A-Bel Gong Jan 2023

Understanding Urban Heat Islands And Impacts, Darbi Berry, Nicole Fassina, A-Bel Gong

San Diego Regional Climate Collaborative

Urban heat islands play a large role in aggravating climate impacts on water, electricity, and air pollutants, and affect vulnerable communities disproportionately. This blog calls onto historical redlining and disinvestment and urban development as direct contributors of socioeconomic disparities and includes a case study of one of our region’s most vulnerable communities.


Leading Climate & Environmental Action In The San Diego Region, Tessa Tinkler, Eo Hanabusa, Emily Young, Darbi Berry, Connelly Meschen Jan 2023

Leading Climate & Environmental Action In The San Diego Region, Tessa Tinkler, Eo Hanabusa, Emily Young, Darbi Berry, Connelly Meschen

Environment

Leading Climate & Environmental Action in the San Diego Region presents the state of environment-focused nonprofits in the San Diego region and their legacies that position them to continue impactful climate action. Findings in this report are synthesized from quarterly public opinion pollings (San Diego Residents Survey), surveys of 30 local environmental nonprofit leaders (Nonprofit Leaders Survey), the latest nonprofit data from the Internal Revenue Service (IRS), and data on foundation grants awarded to local nonprofits (Candid). The environmental nonprofit sector in the San Diego region is relatively small, but it has worked on the frontlines for many years to …


A Model Of Build Back Better Utilization: Long-Term Recovery Groups And Post-Disaster Housing Recovery, Eduardo Landaeta, Jesse Richman Jan 2023

A Model Of Build Back Better Utilization: Long-Term Recovery Groups And Post-Disaster Housing Recovery, Eduardo Landaeta, Jesse Richman

Political Science & Geography Faculty Publications

Housing recovery, especially for vulnerable populations, can be a challenging process. Questions regarding whether to rebuild damaged housing and whether to restore it to its previous state or to build back better must be answered. In the United States, Long-Term Recovery Groups (LTRGs) play a crucial role in channeling assistance to vulnerable community members as they embark on housing recovery. However, the experiences of LTRGs have been understudied. To address this gap, the study utilizes interviews with a diverse range of LTRG members and develops an agent-based model following the Overview, Design concepts, and Details (ODD) protocol. The results highlight …


Editorial: Macintyrean Virtue Ethics For Organizations, Work And Employment: What More And What Else?, Caleb Bernacchio, Geoff Moore, Angus Robson, Marta Rocchi Jan 2023

Editorial: Macintyrean Virtue Ethics For Organizations, Work And Employment: What More And What Else?, Caleb Bernacchio, Geoff Moore, Angus Robson, Marta Rocchi

College of Business Faculty Publications and Presentations

No abstract provided.


In The Scope Of Paris Agreement Of Environmental Policies Changes Of Potential Impact On Tourism, Mehmet Bahar, Sabri Bozca Oct 2022

In The Scope Of Paris Agreement Of Environmental Policies Changes Of Potential Impact On Tourism, Mehmet Bahar, Sabri Bozca

University of South Florida (USF) M3 Publishing

Since the Paris Agreement is globally accepted, it obliges the decisions taken to change the paradigm for the future of all sectors. The ecological and environmental problems brought about by the increasing touristic mobility make it difficult for tourism to reach low carbon targets in line with the provisions of the Paris Agreement. The problems brought by climate change were discussed in the article, the process leading to the Paris Agreement was mentioned and finally the agreement's connection with tourism and the environment has been evaluated. The rapid increase in tourism mobility (mobility), especially after the Second World War, due …


Climate Change Adaptation And Mitigation In A Small Archipelago: The Role Of Ecotourism In Malta, Karl Agius Sep 2022

Climate Change Adaptation And Mitigation In A Small Archipelago: The Role Of Ecotourism In Malta, Karl Agius

International Journal of Islands Research

The aim of this paper is to present the potential of ecotourism to develop into a niche contributing to climate change adaptation strategies whilst making the existing tourism industry more resilient. The paper provides an overview of mitigation measures adopted in Malta by the aviation, tourism and hospitality industry as well as policy makers in the archipelago to respond to major challenges that climate change poses for tourism. These changes are vital to lure ecotourists and to support ecotourism development. Six main themes emerged from the research in the context of the role ecotourism can play as an adaptation to …


Environmental Governance By Contract: The Growing Role Of Supply Chain Contracting, Michael P. Vandenburgh, Patricia A. Moore Sep 2022

Environmental Governance By Contract: The Growing Role Of Supply Chain Contracting, Michael P. Vandenburgh, Patricia A. Moore

Michigan Journal of Environmental & Administrative Law

Corporate net zero climate commitments and environmental, social, and governance (ESG) policies have the potential to bypass barriers to international, national, and subnational government action on climate change and other environmental issues. This Article presents the results of a new empirical study that demonstrates the remarkably widespread use of environmental supply chain contracting requirements. The study finds that roughly 80% of the ten largest firms in seven global sectors include environmental requirements in supply chain contracting, a substantial increase over the 50% reported by a comparable study fifteen years ago. The Article concludes that the prevalence of environmental supply chain …


The Imbalance Of Food And Biofuel Markets Amid Ukraine-Russia Crisis: A Systems Thinking Perspective, Zahra Shams Esfandabadi, Meisam Ranjbari, Simone Domenico Scagnelli Jun 2022

The Imbalance Of Food And Biofuel Markets Amid Ukraine-Russia Crisis: A Systems Thinking Perspective, Zahra Shams Esfandabadi, Meisam Ranjbari, Simone Domenico Scagnelli

Research outputs 2022 to 2026

The Ukraine war has immensely affected both food and energy systems due to the significant role of Russia in supplying natural gas and fertilizers globally and the extensive contribution of both Russia and Ukraine in exporting grains and oilseeds to the international markets. Hence, the Ukraine-Russia conflict has resulted in a shortage of crops and grains in the food market, especially in Europe, causing speculations if these resources should still be used for biofuel production (1st Generation). However, the International Energy Agency has warned that lowering biofuel mandates could result in rising petroleum demand and supply concerns. In light of …


Nevada Economic Development And Public Policy 2022-2026: A Sustainable Future For All Nevadans, The Lincy Institute, Brookings Mountain West May 2022

Nevada Economic Development And Public Policy 2022-2026: A Sustainable Future For All Nevadans, The Lincy Institute, Brookings Mountain West

Policy Briefs and Reports

This report evaluates economic development efforts in the State of Nevada since the 2011 publication of Unify, Regionalize, Diversify: An Economic Development Agenda for Nevada; assesses demographic and economic trends for Nevada and its regions; examines how state and federal actions since the onset of COVID-19 can position Nevada and its regions to address long-standing economic, educational, and social deficits; and offers policy recommendations to be implemented in the next four years to facilitate a sustainable future for all Nevadans.