Now showing 1 - 6 of 6
  • Publication
    Where do we go from here? Muddling through business adaptation to climate change
    ( 2024) ;
    Jorge Rivera
    We study the interrelations among climate change (CC)-related extreme events, adaptation strategies, and product price performance within the California wine industry. Drawing upon the resource-based view of the firm, we formulate a hypothesis suggesting that the influence of CC-related extreme events on product performance is mediated by the adaptation strategies employed by firms. Adaptation to CC can be a source of differentiation advantage to firms. In this context, firms strategically adapt to the physical environment to secure access to vital natural resources amidst extreme CC disturbances. Subsequently, these adaptive measures translate into enhanced firm value. To assess our hypotheses, we employ a sample comprising 50,156 wine-winery-year observations for 535 wineries, spanning the years 1981 to 2019, matched with wildfire events. Our results indicate that the adoption of CC adaptation strategies can be a source of value for firms, enabling them to produce products that can be sold at a price premium. We also suggest that firm CC adaptation strategies mediate the relationship between CC-related extreme events and product price.
  • Publication
    Business and Biodiversity: Measurement of an Ambiguous Goal
    Biodiversity serves as a silent partner to businesses by nurturing critical resources, providing natural infrastructure, and fostering an environment in which industries and businesses thrive. Increasingly, biodiversity loss threatens the natural foundations of businesses and the overall well-being of societies. However, the relationship between biodiversity and business is neither fully understood nor easily measured as it requires knowledge of biophysical and geospatial data. In this paper, we present a comprehensive framework for measuring biodiversity impacts and dependencies of businesses across ecosystems and species. We develop this framework through the lens of the natural resource dependence theory (NRDT), extending the boundary conditions of NRDT to include biodiversity as a source of uncertainty that affects organizational strategies and performance. Based on our framework, we offer six main categories of importance when measuring biodiversity: 1) organizational impacts on ecosystem, 2) organizational impacts on species, 3) ecosystem dependence, and 4) species dependence, 5) ecosystem impacts on organizations, and 6) species impacts on organizations.
  • Publication
    Business and biodiversity: Measurement of an ambiguous goal
    Biodiversity serves as a silent partner to businesses by nurturing critical resources, providing natural infrastructure, and fostering an environment in which industries and businesses thrive. Increasingly, biodiversity loss threatens the natural foundations of businesses and the overall well-being of societies. However, while critical, the relationship between biodiversity and business is neither fully understood nor easily measured as it requires knowledge of biophysical and geospatial data. In this paper, we present a comprehensive framework for measuring biodiversity impacts and dependencies of businesses across ecosystems and species. We develop this framework through the lens of the natural resource dependence theory (NRDT), extending the boundary conditions of NRDT to include biodiversity as a source of uncertainty that affects organizational strategies and performance. Based on our framework, we offer six main categories of importance when measuring biodiversity: 1) organizational impacts on ecosystem, 2) organizational impacts on species, 3) ecosystem dependence, and 4) species dependence, 5) ecosystem impacts on organizations, and 6) species impacts on organizations. We delve into each category, describe measurement implications, highlight the main data sources, and examine the geographical scale of data sources. We make a methodological contribution by using geographic information system (GIS) data to connect biodiversity data to locations of organization facilities. Finally, we derive practically relevant measurement goals from our framework.
  • Publication
    Understanding biodiversity impacts and dependencies in organiztions: Measurement of an ambiguous goal
    ( 2023) ; ;
    Academy of Management Conference
    The detrimental consequences for general economic and social well-being as a result of biodiversity loss and the subsequent degradation of natural ecosystems are emerging as a wicked challenge that the whole societal and economic system must urgently faces. The severity of the impacts of incremental biodiversity depletion calls for substantial and imperative action by all actors and in particular by companies and institutions. Moreover, it is also pivotal an in-depth reflection that allows the management studies to develop as a scientific branch and to play its part in the fundamental transition to a biodiversity embedded future for companies. To further stimulate academic debate, this Symposium aims to encourage discussions on how companies can manage their relationship with the natural environment so as not to destroy the very life-supporting foundations provided by biodiversity.