IMPACT OF EL NINO ON PROFITABILITY OF PERUVIAN FISHING AND AGRO-INDUSTRIAL COMPANIES: MITIGATION OF CLIMATE RISKS
The objective of the research is to analyse and explain the impact of the climate phenomenon "El Nino" on the financial profitability of Peruvian fishing and agro-industrial companies, as well as the mitigation of climate risks through the adoption of financial options. The research, which is quantitative and explanatory in nature, is based on the identification of factors affecting the profitability of these companies between 2010 and 2022. The results show the negative impact of "El Nino" on the profitability of the companies, highlighting the need to mitigate these effects through financial options, ensuring business sustainability and the food security of the Peruvian population. In conclusion, the climate phenomenon "El Nino" has a significant negative impact on the financial profitability of Peruvian fishing and agro-industrial companies. This phenomenon emphasizes the urgency of adopting mitigation strategies, such as financial options, so that companies can adapt to climate risks. Implementing these measures not only favours business sustainability but also ensures continuity in production and contributes to food security, strengthening the sector's resilience against extreme climate events.
Authors
- Pedro-Pablo Chambi-Condori
- Telma-Raquel Saravia-Ticona
- Miriam Chambi-Vásquez
Publication Details
- Journal
- Sylwan
- Published
- 2025-01-01
- DOI
- https://doi.org/10.59879/oop5o
- Primary Topic
- Climate Change Policy and Economics
- Type
- article
- Field-Weighted Citation Impact
- 0.00