How does warfare affect firms' productivity?

• 成果类型: Article
• 署名作者: Jola-Sanchez, Andres F.
• 署名单位: Texas A&M University System; Texas A&M University College Station; Mays Business School
• 刊物名称: PRODUCTION AND OPERATIONS MANAGEMENT
• ISSN/ISSBN: 1059-1478
• DOI: 10.1111/poms.13658
• 发表日期: 2022
• 页码: 1940-1962
• 关键词: disaster management; Empirical Research; PRODUCTIVITY; service operations

摘要

Warfare afflicts millions and creates unparalleled operational challenges in the developing world. With data from war-torn Colombia, I examine the effects of civil war on firms' total factor productivity (TFP) using propensity score and conflict hotspot models. I find that warfare increases TFP in service firms, such as public administration and defense, by up to 12.68%, whereas it decreases TFP in manufacturing and other nonservice companies by up to 3.64% a year after a violent episode occurs. This effect stems from intellectual capital growth and service firms' ability to create value from customer input.