Skip to Main content Skip to Navigation
New interface
Journal articles

Stock market response to potash mine disasters

Abstract : We examine the stock market reaction to disasters in potash mines. We use a sample of 55 mining accidents – natural and man-made - worldwide over the period 1986–2019. On average, the affected mining firms experience a cumulative drop in their market value of 1.15% in the first 2 ​day ​day of a disaster. We show also that the accidents impact stocks of the current and future (greenfield) competitors of the affected firms. The direction and size of the effect is determined by the relative strength of the negative risk effect and positive price and supply effects.
Complete list of metadata
Contributor : Isabelle Celet Connect in order to contact the contributor
Submitted on : Tuesday, November 3, 2020 - 3:39:45 PM
Last modification on : Tuesday, November 22, 2022 - 2:26:16 PM

Links full text




Oskar Kowalewski, Piotr Śpiewanowski. Stock market response to potash mine disasters. Journal of Commodity Markets, 2020, pp.100124. ⟨10.1016/j.jcomm.2020.100124⟩. ⟨hal-02987126⟩



Record views