Business Adaptation to Climate Change

A seminal global analysis of the adaptation strategies of businesses and corporations in response to climate change.

Jorge E. Rivera (Author), Chang Hoon Oh (Author), Jennifer Oetzel (Author), Viviane Clement (Author)

9781108835725, Cambridge University Press

Hardback, published 12 May 2022

250 pages
23.5 x 15.7 x 2 cm, 0.59 kg

This book seeks to advance the understanding of how businesses may adapt to climate change trends. Specifically, it focuses on two general research questions: Firstly, how do businesses adapt to chronic slow-onset nature adversity conditions linked to climate change? Secondly, how do firms adapt to weather-related natural disasters exacerbated by climate change? In the first part of the book, the authors develop a conceptual framework in response to these questions. In the second part, they test this framework using multiple empirical studies involving large data analyses of: (a) the U.S. western ski industry adaptation to warmer temperatures, and (b) the effect of natural disasters on the foreign investment of multinational corporations around the world. This book will interest management and public policy students and scholars researching successful business climate change adaptation strategies, as well as business and non-profit organization leaders and policy makers involved in developing and promoting such effective strategies.

Part I. Introduction: 1. Why adaptation to climate change?
Part II. Conceptual framework: Understanding business adaptation to climate change: 2. Business adaptation limits and resilience to climate change adversity
3. Adaptation to slow-onset nature adversity intensity
4. Can you learn from the second kick of a mule? MNCs foreign investment, natural disasters, and country governance
5. Disasters experience and MNC subsidiary entry and expansion
Part III. Empirical studies of business adaptation to nature adversity: 6. Canary in the coal mine: Western U.S. ski industry adaptation to warmer temperatures
7. MNCs disregard of natural disasters and the role of host country context
8. MNC disaster experience and foreign subsidiary investment
Part IV. Conclusions: 9. Business adaptation to climate change: Conclusions, limitations and future research.

Subject Areas: Business ethics & social responsibility [KJG], Environmental economics [KCN]