TY - JOUR
T1 - Mapping Firms' adaptive profiles
T2 - The role of experiences and risk perception in the aquaculture industry
AU - Fernández, Francisco J.
AU - Muñoz, Manuel
AU - Ponce Oliva, Roberto D.
AU - Vásquez-Lavín, Felipe
AU - Gelcich, Stefan
N1 - Publisher Copyright:
© 2022 Elsevier B.V.
PY - 2023/1/15
Y1 - 2023/1/15
N2 - The experiences of aquacultural firms regarding past environmental events and their present risk perceptions of environmental and social threats are key factors in understanding their adaptive response. This study aims to understand marine aquaculture firms' adaptive behavior considering firms' heterogeneity and the relationship between past experiences, present perceptions, and willingness to invest in adaptation. We identify different adaptation behavior profiles among the aquacultural firms, showing heterogeneity regarding firms' past responses to perturbations, risk perceptions of social and environmental factors, and their future behavior regarding their willingness to invest in adaptation. We conclude that an adaptive profile, based not only on economic and productive features but also on their social behavior regarding environmental threats, influences future adaptive behavior. Implications for management practice and policy are discussed.
AB - The experiences of aquacultural firms regarding past environmental events and their present risk perceptions of environmental and social threats are key factors in understanding their adaptive response. This study aims to understand marine aquaculture firms' adaptive behavior considering firms' heterogeneity and the relationship between past experiences, present perceptions, and willingness to invest in adaptation. We identify different adaptation behavior profiles among the aquacultural firms, showing heterogeneity regarding firms' past responses to perturbations, risk perceptions of social and environmental factors, and their future behavior regarding their willingness to invest in adaptation. We conclude that an adaptive profile, based not only on economic and productive features but also on their social behavior regarding environmental threats, influences future adaptive behavior. Implications for management practice and policy are discussed.
KW - Adaptive behavior
KW - Aquaculture
KW - Environmental risks
KW - Mussel sector
KW - Risk perceptions
UR - http://www.scopus.com/inward/record.url?scp=85137649553&partnerID=8YFLogxK
U2 - 10.1016/j.aquaculture.2022.738802
DO - 10.1016/j.aquaculture.2022.738802
M3 - Article
AN - SCOPUS:85137649553
SN - 0044-8486
VL - 562
JO - Aquaculture
JF - Aquaculture
M1 - 738802
ER -
