When faced with reality : how extreme weather events influence bank lending

Pavlič, Domen (avtor), Volk, Matjaž (avtor), Marinč, Matej (avtor)

We combine precise geolocation data on firms with detailed loan-level information to examine how an extreme weather event influences banks’ perceptions of climate-related risks. We focus on the severe flooding that occurred in Slovenia in August 2023 and analyse changes in the borrowing terms offered to firms situated in flood-prone areas that were not directly affected by the disaster. We find that banks revise their assessment of climate risk following the flood, as evidenced by tighter lending conditions for exposed firms. Specifically, high-risk firms experience a decline in outstanding loan amounts and an increase in borrowing costs. We also find some evidence that the impact is more pronounced for loans with short maturity and no collateral and less pronounced for firms with a relationship with a single bank.

• Jezik: Angleški jezik
• Ključne besede: climate change, risk management, banking policy, bank lending, floods, borrowing conditions, climate risks, extreme weather events
• Vrsta gradiva: Članek v reviji
• Tipologija: 1.01 - Izvirni znanstveni članek
• Organizacija: EF - Ekonomska fakulteta
• Status publikacije: Objavljeno
• Različica publikacije: Objavljena publikacija
• Leto izida: 2026
• Št. strani: 22 str.
• Številčenje: Vol. 81, art. 103148
• PID: 20.500.12556/RUL-179571
• UDK: 336.71
• ISSN pri članku: 0275-5319
• DOI: 10.1016/j.ribaf.2025.103148
• COBISS.SI-ID: 251455491
• Datum objave v RUL: 17.02.2026

Gradivo je del revije

• Naslov: Research in international business and finance
• Skrajšan naslov: Res. int. bus. financ.
• Založnik: Elsevier
• ISSN: 0275-5319
• COBISS.SI-ID: 512590361

Licence

• Licenca: CC BY 4.0, Creative Commons Priznanje avtorstva 4.0 Mednarodna
• Povezava: http://creativecommons.org/licenses/by/4.0/deed.sl
• Opis: To je standardna licenca Creative Commons, ki daje uporabnikom največ možnosti za nadaljnjo uporabo dela, pri čemer morajo navesti avtorja.

Sekundarni jezik

• Jezik: Slovenski jezik
• Ključne besede: podnebne spremembe, obvladovanje tveganj, bančna politika

Projekti

• Financer: ARIS - Javna agencija za znanstvenoraziskovalno in inovacijsko dejavnost Republike Slovenije
• Številka projekta: P5-0161
• Naslov: Izzivi vlagateljev, podjetij, finančnih institucij in države v negotovem evropskem gospodarskem okolju