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A relational view of climate adaptation in the private sector: How do value chain interactions shape business perceptions of climate risk and adaptive behaviour

Research output: Contribution to journalArticle

Original languageEnglish
Article numberDOI: 10.1002/bse.2375
Pages (from-to)1-13
Number of pages13
JournalBusiness Strategy and The Environment
DOIs
Publication statusPublished - 10 Sep 2019

King's Authors

Abstract

Studies exploring climate change adaptation in the private sector have seldom investigated the effect of business network interactions on climate vulnerability and adaptation outcomes. This paper proposes a novel theoretical framework to explore how
business–network dynamics affect risk perceptions and adaptive behaviours in business firms. The framework is empirically grounded in a comparative analysis of
business–network dynamics from three agricultural value chains in Jamaica that are
vulnerable to climate change impacts. The results illustrate how the exposure, sensitivity, and adaptive capacity of value chain actors are influenced by business interdependencies and interfirm relationships. We find that the level of formality of business
exchanges (contractual or noncontractual), the level of resource interdependency,
and the ability to diversify access channels to critical resources can influence the
propagation of climate‐related risks and influence actors' exposure and sensitivity
to those risks. The study also offers evidence of the role played by bonding and bridging relational ties on adaptive capacity. The framework and findings provide a foundation for a new research agenda exploring a relational view of firm adaptation strategy
in response to climate risks.

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