The Buncefield oil depot explosion. Where there's smoke, there's (stock market) fire? - HAL-SHS - Sciences de l'Homme et de la Société Accéder directement au contenu
Article Dans Une Revue Applied Financial Economics Letters Année : 2008

The Buncefield oil depot explosion. Where there's smoke, there's (stock market) fire?

Résumé

This study examines the stock market response to the Buncefield oil depot explosion in 2005. Like previous studies on technological disasters, we find an adverse effect on security prices. However, average abnormal return is only -0.58% for the four oil firms involved in the accident; that is, the explosion did not throw shareholders into panic selling.

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Dates et versions

halshs-00305378 , version 1 (24-07-2008)

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Gunther Capelle-Blancard, Marie-Aude Laguna. The Buncefield oil depot explosion. Where there's smoke, there's (stock market) fire?. Applied Financial Economics Letters, 2008, 4 (2), pp.103-107. ⟨10.1080/17446540701579006⟩. ⟨halshs-00305378⟩
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