This paper investigates the damage impact of the 1959 Ise Bay Typhoon on firm survival and survivor performance in Nagoya City, Japan. We combine firm-level data with a local damage proxy storm surge-induced flooding. We find that firms in retail and wholesale were less and those in manufacturing more likely to survive after being flooding. There was some evidence of spillover effects from nearby regions on firm exit. Surviving firm performance was heterogeneous across sectors in that some (manufacturing and construction) upgraded and others (retail and wholesale) their capital. Indirect impacts from nearby regions were both positive and negative, contingent on the sector of operation.

中文翻译：

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自然灾害、企业生存和增长：来自日本伊势湾台风的证据

本文研究了 1959 年伊势湾台风对日本名古屋市企业生存和幸存者绩效的破坏影响。我们将公司级数据与当地损害代理风暴潮引起的洪水相结合。我们发现零售和批发企业较少，而制造业企业在洪水过后更有可能生存。有一些证据表明附近地区对企业退出的溢出效应。幸存的公司业绩在不同部门之间是异质的，因为一些（制造和建筑）升级了，而另一些（零售和批发）他们的资本。附近地区的间接影响有正面也有负面，视经营部门而定。