Mengsi Cai, Ge Huang, Yuejin Tan, Jiang Jiang, Zhongbao Zhou and Xin Lu
With the development of global food markets, the structural properties of supply chain networks have become key factors affecting the ability to evaluate and control infectious…
Abstract
Purpose
With the development of global food markets, the structural properties of supply chain networks have become key factors affecting the ability to evaluate and control infectious diseases and food contamination. The purpose of this paper is to describe and characterize the nationwide pork supply chain networks (PSCNs) in China and to demonstrate the potential of using social network analysis (SNA) methods for accessing outbreaks of diseases and contaminations.
Design/methodology/approach
A large-scale PSCN with 17,582 nodes and 49,554 edges is constructed, using the pork trade data collected by the National Important Products Traceability System (NIPTS) in China. A network analysis is applied to investigate the static and dynamic characteristics of the annual network and monthly networks. Then, the metric maximum spreading capacity (MSC) is proposed to quantify the spreading capacity of farms and estimate the potential maximum epidemic size. The structure of the network with the spatio-temporal pattern of the African swine fever (ASF) outbreak in China in 2018 was also analysed.
Findings
The results indicate that the out-degree distribution of farms approximately followed a power law. The pork supply market in China was active during April to July and December to January. The MSC is capable of estimating the potential maximum epidemic size of an outbreak, and the spreading of ASF was positively correlated with the effective distance from the origin city infected by ASF, rather than the geographical distance.
Originality/value
Empirical research on PSCNs in China is scarce due to the lack of comprehensive supply chain data. This study fills this gap by systematically examining the nationwide PSCN of China with large-scale reliable empirical data. The usage of MSC and effective distance can inform the implementation of risk-based control programmes for diseases and contaminations on PSCNs.
Details
Keywords
Somnath Bauri, Amitava Mondal and Ummatul Fatma
The recent meeting of G-20 world leaders, held in New Delhi, in 2023, highlighted that the physical effect of climate change has considerable macro-economic costs at the national…
Abstract
Purpose
The recent meeting of G-20 world leaders, held in New Delhi, in 2023, highlighted that the physical effect of climate change has considerable macro-economic costs at the national and global levels and they have also pledged to accelerate the clean, sustainable and inclusive energy transition along a variety of pathways. Climate change could pose various emerging risks to the firm’s operational and financial activities, specifically for those which are belonging to the energy sector. Thus, this study aims to investigate the impact of climate risks on the financial performance of select energy companies from G-20 countries.
Design/methodology/approach
The study considered 48 energy companies from G-20 countries as the sample for the period of 2017 to 2021. To measure the climate change-related physical risks, the study has considered the ND-GAIN climate vulnerability score and the firm’s financial performance has been measured by return on assets, return on equity, return on capital used and price-to-book ratio. To examine the impact of climate risks on the financial performance of the sample companies, the authors have used pooled ordinary least squares (OLS) and fixed/random effect regression analysis and required data diagnosis tests are also performed.
Findings
The empirical results suggested that climate risks negatively impacted the financial performance of the sample companies. The market performances of the firms are also being impacted by the physical climate change. The results of panel data regression analysis also confirmed the robustness of the empirical results derived from the pooled OLS analysis suggesting that firms that operated in a less climate-risky country, financially performed better than the firms that operated in a more climate-risky country.
Practical implications
The paper has significant practical implications like it could be helpful for the policymakers, investors, suppliers, researchers and other stakeholders in developing deeper insights about the impact of climate risks on the energy sectors from an international perspective. This study may also help the policymakers in developing policies for the management of climate risk for the energy sector.
Originality/value
This study adds insights to the existing literature in the area of climate risks and firm’s financial performance. Moreover, this may be the first study that attempts to evaluate the impact of climate risks on the financial performance of select energy companies from the G-20’s perspective.