AAWE, Economics Dept, New York University, 19 W 4th St, 6Fl., New York NY 10012aawe@wine-economics.org

Author archive: Karl Storchmann

AAWE Working Paper No. 221 – Economics

Little empirical research has considered the impact of physical changes in the climate on firm behaver nor relied on natural stakeholder-based theory (NSBT) to explore such a relationship. For a sample of 2,348 wine firms operating in Australia, this study captures changes in both temperature and rainfall for the year 2012 relative to the year 1982 (30 years), and finds that these climatic changes are positively associated with organic products. Further, because of their sensitivities to the natural environment and positions of influence, the study predicts that women in leadership will moderate the relationship between climatic changes and organic products. This postulate finds support. The study advances research on climate change and the use of NSBT. Contributions of the findings are discussed along with limitations and future research opportunities.

AAWE Working Paper No. 221 – Economics

AAWE Working Paper No. 220 – Economics

This study explores a relatively little understood aspect of climate change: to what extent physical changes in the climate impact on firm behavior. To explore the impact of physical changes in climate, changes in both temperature and rainfall are studied with respect to adaptive behavior. For a sample of 207 wine firms operating in South Australia, this study finds that changes in temperature and rainfall are associated with adaptive practices. Further, because of the nature of acquiring and leveraging information and knowledge on climate change to affect adaptation, the study predicts that absorptive capacity will moderate the relationship between climatic changes and adaptive practices. This postulate finds support. The study advances research on climate change and firm behavior. Contributions of the findings are discussed along with limitations and future research opportunities.

AAWE Working Paper No. 220 – Economics

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