Stock market response to potash mine disasters
Type de document :
Compte-rendu et recension critique d'ouvrage
Titre :
Stock market response to potash mine disasters
Auteur(s) :
Titre de la revue :
Journal of Commodity Markets
Pagination :
100124
Éditeur :
Elsevier
Date de publication :
2020-01-12
ISSN :
2405-8513
Mot(s)-clé(s) en anglais :
Potash mine
Disasters
Event study
Working accident
Catastrophe
Disasters
Event study
Working accident
Catastrophe
Discipline(s) HAL :
Sciences de l'Homme et Société/Economies et finances
Résumé en anglais : [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 ...
Lire la suite >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.Lire moins >
Lire la suite >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.Lire moins >
Langue :
Anglais
Vulgarisation :
Non
Collections :
Source :
Fichiers
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