Floods are the most prevalent natural hazard in Europe. Scientific research has shown that their frequency and destructive power will continue to increase due to global warming. Small and medium-sized enterprises (SMEs) are particularly vulnerable to these risks.
In his presentation ‘European SMEs, Corporate Finance, and Economic Resilience to Floods’ in mid-September at the annual conference of the Verein für Socialpolitik in Innsbruck (Austria), Dr Vinzenz Peters examined how SMEs' financial structure relates to their resilience to such shocks.
