The Cost of Accidental Death: A Capital Market Approach

Ivy E Broder

Journal of Risk and Uncertainty, 1990, vol. 3, issue 1, 63 pages

Abstract: This article analyzes the effect of accidental deaths involving either a firms workplace or product on the firm's shareholder equity. Significant and sustained losses were found, reaching a peak of over & million per fatality during the second week following an accident. The variation in the cumulative percentage loss to the firms due to the accidents is explained by the number of deaths per accident and the riskiness of the product of workplace--the lower the a priori perceived riskiness, the greater the decline in equity. Copyright 1990 by Kluwer Academic Publishers

Date: 1990
References: Add references at CitEc
Citations: View citations in EconPapers (7)

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:jrisku:v:3:y:1990:i:1:p:51-63

Ordering information: This journal article can be ordered from
http://www.springer. ... ry/journal/11166/PS2

Access Statistics for this article

Journal of Risk and Uncertainty is currently edited by W. Kip Viscusi

More articles in Journal of Risk and Uncertainty from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().