| dc.contributor.author | Capelle-Blancard, Gunther | |
| dc.contributor.author | Laguna, Marie-Aude | |
| dc.date.accessioned | 2010-01-29T14:33:03Z | |
| dc.date.available | 2010-01-29T14:33:03Z | |
| dc.date.issued | 2010 | |
| dc.identifier.uri | https://basepub.dauphine.fr/handle/123456789/3187 | |
| dc.language.iso | en | en |
| dc.subject | Technological Risk | en |
| dc.subject | Insurance | en |
| dc.subject | Environmental Liability | en |
| dc.subject | Event Study | en |
| dc.subject | Disclosure | en |
| dc.subject.ddc | 338.9 | |
| dc.subject.classificationjel | G14 | en |
| dc.subject.classificationjel | L65 | en |
| dc.subject.classificationjel | Q51 | en |
| dc.subject.classificationjel | Q27 | en |
| dc.title | How does the stock market respond to chemical disasters? | en |
| dc.type | Article accepté pour publication ou publié | |
| dc.contributor.editoruniversityother | Université de Paris 1 Panthéon-Sorbonne;France | |
| dc.description.abstracten | In this paper,we examine the stock market reaction to industrial disasters. We consider
an original sample of 64 explosions in chemical plants and refineries worldwide over the
period 1990-2005. A quarter of the accidents resulted in a toxic release,and half of them
caused at least one death or serious injury. On average,petrochemical firms in our sample
experience a drop in their market value of 1.3% over the two days immediately following
the disaster. Using multivariate analysis, we show that this loss is significantly related to
the seriousness of the accident as measured by the number of casualties and by chemical
pollution: each casualty corresponds to a loss of $164 million and a toxic release to a loss of
$1 billion. | en |
| dc.relation.isversionofjnlname | Journal of Environmental Economics and Management | |
| dc.relation.isversionofjnlvol | 59 | |
| dc.relation.isversionofjnlissue | 2 | |
| dc.relation.isversionofjnldate | 2010 | |
| dc.relation.isversionofjnlpages | 192-205 | |
| dc.relation.isversionofdoi | http://dx.doi.org/10.1016/j.jeem.2009.11.002 | |
| dc.description.sponsorshipprivate | oui | en |
| dc.relation.isversionofjnlpublisher | Elsevier | |
| dc.subject.ddclabel | Croissance et développement économiques | |
