The Effect of Three Mile Island on Stock Returns in the Property and Liability Insurance Industry

Wallace N. Davidson and John H. Thornton

Journal of Insurance Issues, 1985, vol. 8, issue 2, 17-31

Abstract: On March 28, 1979, a combination of mechanical and operator errors caused the core at the Three Mile Island nuclear power plant to overheat. Using event methodology, this paper examines the effect of this incident on shareholder wealth of a sample of property and liability insurers who were members of the American Nuclear Insurers group at the time of the accident. No significant negative impact on shareholder wealth of the insuring firms was found. Probably reasons for this finding are discussed.

Date: 1985
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.insuranceissues.org/PDFs/X.pdf (application/pdf)

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:wri:journl:v:8:y:1985:i:2:p:17-31

Access Statistics for this article

Journal of Insurance Issues is currently edited by James Barrese

More articles in Journal of Insurance Issues from Western Risk and Insurance Association
Bibliographic data for series maintained by James Barrese ().