Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies
This study attempts to explore whether and how stock market responds to industrial accidents. We employ the event study method to look into the responses of stock markets to 83 accidents experienced by various listed companies in China, and explore how industrial accidents influence stock market in...
| Main Authors: | , , |
|---|---|
| Format: | Journal Article |
| Published: |
IGI Publishing
2014
|
| Online Access: | http://hdl.handle.net/20.500.11937/38822 |
| _version_ | 1848755424187121664 |
|---|---|
| author | Wei, J. Wang, H. Guo, Xiumei |
| author_facet | Wei, J. Wang, H. Guo, Xiumei |
| author_sort | Wei, J. |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | This study attempts to explore whether and how stock market responds to industrial accidents. We employ the event study method to look into the responses of stock markets to 83 accidents experienced by various listed companies in China, and explore how industrial accidents influence stock market in the different markets. Findings imply that the stock market shows negative reaction with respect to these accidents. However, as time goes by, the market reaction tapers off. In the bear market, the negative market reaction was highly significant. Small-sized companies, in comparison with other companies, have a most significant reaction to accidents and they also have the worst ability to recover from accidents. The findings of this study can help the investors to better understand how the stock market reacts to the industrial accidents in different market environments and under other conditions. |
| first_indexed | 2025-11-14T08:56:05Z |
| format | Journal Article |
| id | curtin-20.500.11937-38822 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T08:56:05Z |
| publishDate | 2014 |
| publisher | IGI Publishing |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-388222017-09-13T14:19:37Z Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies Wei, J. Wang, H. Guo, Xiumei This study attempts to explore whether and how stock market responds to industrial accidents. We employ the event study method to look into the responses of stock markets to 83 accidents experienced by various listed companies in China, and explore how industrial accidents influence stock market in the different markets. Findings imply that the stock market shows negative reaction with respect to these accidents. However, as time goes by, the market reaction tapers off. In the bear market, the negative market reaction was highly significant. Small-sized companies, in comparison with other companies, have a most significant reaction to accidents and they also have the worst ability to recover from accidents. The findings of this study can help the investors to better understand how the stock market reacts to the industrial accidents in different market environments and under other conditions. 2014 Journal Article http://hdl.handle.net/20.500.11937/38822 10.4018/ijban.2014040102 IGI Publishing restricted |
| spellingShingle | Wei, J. Wang, H. Guo, Xiumei Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies |
| title | Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies |
| title_full | Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies |
| title_fullStr | Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies |
| title_full_unstemmed | Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies |
| title_short | Stock Market’s Reactions to Industrial Accidents: Evidence from Chinese Listed Companies |
| title_sort | stock market’s reactions to industrial accidents: evidence from chinese listed companies |
| url | http://hdl.handle.net/20.500.11937/38822 |