Are Micro-, Small- and Medium-Sized Enterprises Willing to Contribute to Collective Flood Risk Reduction? Scenario-Based Field Experiments from Jakarta and Semarang, Indonesia

In developing countries, micro-, small-, and medium-sized enterprises (MSMEs) often cannot substantially reduce their exposure to floods on their own. As state authorities also have difficulty in providing sufficient flood protection, experts argue that collective adaptation initiated by firms can compensate for these shortcomings. However, private sector engagement in this field remains rare and is mostly dominated by large firms. Our article...