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

Gunther Capelle-Blancard and Marie-Aude Laguna

Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL

Abstract: 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.

Keywords: Event; study (search for similar items in EconPapers)
Date: 2008-03
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Published in Applied Financial Economics Letters, 2008, 4 (2), pp.103-107. ⟨10.1080/17446540701579006⟩

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

Related works:
Working Paper: The Buncefield oil depot explosion. Where there's smoke, there's (stock market) fire? (2008)
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:hal:cesptp:halshs-00305378

DOI: 10.1080/17446540701579006

Access Statistics for this paper

More papers in Université Paris1 Panthéon-Sorbonne (Post-Print and Working Papers) from HAL
Bibliographic data for series maintained by CCSD ().