Benefits of Building Organizational Resilience: The Case of Climate Change

Hillmann, Julia, Bergmann, Anne and Guenther, Edeltraud, (2022). Benefits of Building Organizational Resilience: The Case of Climate Change. Highlights of Sustainability, 1(4), 233-252

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  • Sub-type Journal article
    Author Hillmann, Julia
    Bergmann, Anne
    Guenther, Edeltraud
    Title Benefits of Building Organizational Resilience: The Case of Climate Change
    Appearing in Highlights of Sustainability
    Volume 1
    Issue No. 4
    Publication Date 2022-12-06
    Place of Publication Barcelona, Spain
    Publisher Highlights of Science
    Start page 233
    End page 252
    Language eng
    Abstract This paper investigates the time-dependent effects of building organizational resilience. So far, empirical research only finds evidence that organizational resilience provides benefits in the long term. For the short and medium term, the link remains unclear. On the one hand, literature indicates that building organizational resilience is costly. On the other hand, actions to build organizational resilience are perceived by investors, which should provide immediate positive effects for companies. This study investigates these two assumptions in the climate change context. We apply multiple regression analysis to study the relationship between resilience capabilities and different measures of financial performance. For market value and financial volatility, our findings indicate that building organizational resilience provides immediate benefits. For the total stock return index, we find only benefits that materialize with a time lag. We find no evidence at all that building resilience capabilities is related to costs in terms of lower accounting-based financial performance. Overall findings indicate that building organizational resilience is advantageous as it prepares an organization to face the challenges of climate change and, at the same time, provides financial benefits.
    UNBIS Thesaurus CLIMATE CHANGE
    Keyword organizational resilience
    short-termism
    financial performance
    market benefits
    Copyright Holder The Authors
    Copyright Year 2022
    Copyright type Creative commons
    ISSN 2696-628X
    DOI https://doi.org/10.54175/hsustain1040017
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    Created: Sat, 30 Sep 2023, 07:28:57 JST by Věra Greschner Farkavcová on behalf of UNU FLORES