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Stock market response to potash mine disasters
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Document type :
Article dans une revue scientifique
DOI :
10.1016/j.jcomm.2020.100124
Title :
Stock market response to potash mine disasters
Author(s) :
Kowalewski, Oskar [Auteur]
Lille économie management - UMR 9221 [LEM]
Śpiewanowski, Piotr [Auteur]
Journal title :
Journal of Commodity Markets
Pages :
100124
Publisher :
Elsevier
Publication date :
2020-01-12
ISSN :
2405-8513
English keyword(s) :
Potash mine
Disasters
Event study
Working accident
Catastrophe
HAL domain(s) :
Sciences de l'Homme et Société
Sciences de l'Homme et Société/Economies et finances
English abstract : [en]
We examine the stock market reaction to disasters in potash mines. We use a sample of 55 mining accidents – natural and man-made - worldwide over the period 1986–2019. On average, the affected mining firms experience a ...
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We examine the stock market reaction to disasters in potash mines. We use a sample of 55 mining accidents – natural and man-made - worldwide over the period 1986–2019. On average, the affected mining firms experience a cumulative drop in their market value of 1.15% in the first 2 ​day ​day of a disaster. We show also that the accidents impact stocks of the current and future (greenfield) competitors of the affected firms. The direction and size of the effect is determined by the relative strength of the negative risk effect and positive price and supply effects.Show less >
Language :
Anglais
Peer reviewed article :
Oui
Audience :
Internationale
Popular science :
Non
Collections :
  • Lille Économie Management (LEM) - UMR 9221
Source :
Harvested from HAL
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