ASSESSMENT OF FINANCIAL IMPACTS OF THE GREAT EAST JAPAN EARTHQUAKE ON THE LISTED MANUFACTURING INDUSTRIES ^|^mdash;MITIGATION EFFECT OF BCP AND RISK FINANCE^|^mdash;

Matsushita, Noriaki; Hideshima, Eizo

doi:10.2208/jscejsp.70.33

Cited by 2 publications

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“…Matsushita and Hideshima 11) revealed that companies with BCP had resumed business at an earlier stage compared to companies without any BCP. In addition, Matsushita et al 12) clarified that BCP had a positive impact on sales in the manufacturing industry. Cole et al 13) , based on the questionnaire survey, showed that pre-disaster preparedness and support after the earthquake did not affect the recovery period in the short-term; on the other hand, sales were affected by both pre-disaster preparedness activities and post-disaster policy.…”

Section: (2) Past Studiesmentioning

confidence: 99%

THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE — AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE —

2017

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Evaluating the benefits of disaster mitigation action quantitatively and sharing these results with the society are extremely useful in promoting mitigation action. Many studies, however, have focused on the investigation of the damage but not on the mitigation effects of preparedness. Hence, this study analyzed the mitigation effect of the Business Continuity Plan (BCP) on financial damage to non-manufacturing industries in the Great East Japan Earthquake. Our analysis showed the following: 1) In many companies, there is no difference in the direct damage to the company group with BCP and to the group without BCP.2) The sales of the damaged group without BCP decreased about 5% compared to those of the damaged group with BCP for more than two years. In other words, the effect of mitigating financial damage by BCP is more than 10% of annual sales on the average. 3) The relationship between BCP and sales was analyzed under limited variables, and the coefficient of BCP showed positive effect on sales with significance at a 5% level. Although our result is only an indication, it could be said that this finding, which shows cost-benefit information on BCP, is useful to promote BCP.

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Section: (2) Past Studiesmentioning

confidence: 99%

THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE — AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE —

2017

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Estimation of Sales Decline Risk Based on COVID-19 as a Model

Ohori

2023

J. Disaster Res.

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Owing to the coronavirus disease 2019 (COVID-19), many companies experienced a sharp and significant decline in sales, resulting in a major crisis. This study proposes a method for estimating the risk of a sudden and significant decline in sales to tackle the aforementioned issue. The method is based on the distributional characteristics calculated from historical data of companies mainly in the transportation industry, which are vulnerable to disasters, using the damage caused by COVID-19 as a lesson. Furthermore, we conduct an empirical analysis using the proposed stochastic model for the case of the All Nippon Airways Co., Ltd. (ANA), a major Japanese airline company. The results are as follows: (1) the sales change rates are normally distributed before COVID-19, but inclusion of post-COVID-19 data produced asymmetric distribution of sales change rates; (2) the proposed statistic is log-normally distributed (including post-COVID-19 data) for a time interval of two or three years; (3) the probability of actual sales decline was estimated to be between 0.1% and 1.6% in fiscal year (FY) 2020 and FY2021 post-COVID-19; (4) the estimated risk of future sales decline is well-grounded in light of past actual values.

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ASSESSMENT OF FINANCIAL IMPACTS OF THE GREAT EAST JAPAN EARTHQUAKE ON THE LISTED MANUFACTURING INDUSTRIES ^|^mdash;MITIGATION EFFECT OF BCP AND RISK FINANCE^|^mdash;

Cited by 2 publications

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THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE — AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE —

THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE — AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE —

Estimation of Sales Decline Risk Based on COVID-19 as a Model

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ASSESSMENT OF FINANCIAL IMPACTS OF THE GREAT EAST JAPAN EARTHQUAKE ON THE LISTED MANUFACTURING INDUSTRIES ^|^mdash;MITIGATION EFFECT OF BCP AND RISK FINANCE^|^mdash;

Cited by 2 publications

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THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE &mdash; AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE &mdash;

THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE &mdash; AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE &mdash;

Estimation of Sales Decline Risk Based on COVID-19 as a Model

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THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE — AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE —

THE MITIGATION EFFECT OF BCP ON FINANCIAL DAMAGE — AN EMPIRICAL STUDY OF THE NON-MANUFACTURING INDUSTRIES IN THE GREAT EAST JAPAN EARTHQUAKE —