Mellare, Craig and Cornelius, Barbara (1998) Pollution and wealth: An Exploratory study into the impact of oil tanker spills upon the wealth of the shareholders of the oil companies involved. Maritime Studies (103). pp. 1-13. ISSN 0726 6472
Full text not available from this repository. (Request a copy)Abstract
An exploratory study of the impact of major oil spills on the share price of the oil company responsible for that spill was attempted. Only five spills out of thirty-two occurring in the past thirty years could be laid at the door of the beneficial owners of the companies responsible. Each of these five cases was examined, using an event study on share price reaction around the time of the spill. It would appear that oil companies do not suffer any negative abnormal stock returns as a result of being involved in such disasters.
| Item Type: | Articles |
|---|---|
| Keywords: | Oil Spills, Ships, Vessel Safety, Pollution, Ecology, Markets, Spain, Ocean Pollution, Environmental Pollution, Accidents, Commercial Vessels, Angola, Mozambique, Biosecurity, Cargo Ships, Environmental Legislation, FOC, IMO, Insurance, Legislation |
| Subjects: | Disasters and Climate Change |
| Depositing User: | Chitti Babu ICSF |
| Date Deposited: | 10 Jun 2022 11:40 |
| Last Modified: | 10 Jun 2022 11:40 |
| URI: | http://icsfarchives.net/id/eprint/11866 |
Actions (login required)
 |
View Item |
