IDEAS home Printed from https://ideas.repec.org/a/cpp/issued/v47y2021i1p18-55.html
   My bibliography  Save this article

Recognizing Indigenous Rights in Canada: Property Rights and Natural Resource Values

Author

Listed:
  • Ian Keay
  • Cherie Metcalf

Abstract

The recognition of Aboriginal rights in s. 35(1) of the Constitution Act transformed the legal landscape in Canada. In this article, we empirically estimate the economic impact of this transformation on the value of Canadian natural resource firms. We focus on six landmark Supreme Court of Canada precedents that are often viewed as having imposed significant economic effects on Canadian resource firms. We use event studies to test these claims, measuring changes in resource firms’ share prices on the Toronto Stock Exchange after each of the landmark rulings. A total of 2,110 firm events allow us to estimate market responses at the individual firm level. Our findings show that although the decisions triggered statistically and economically significant changes in the value of Canadian resource firms, these changes were not uniformly negative, and they varied widely in size across decisions, industries, and firm characteristics.

Suggested Citation

  • Ian Keay & Cherie Metcalf, 2021. "Recognizing Indigenous Rights in Canada: Property Rights and Natural Resource Values," Canadian Public Policy, University of Toronto Press, vol. 47(1), pages 18-55, March.
    • Handle: RePEc:cpp:issued:v:47:y:2021:i:1:p:18-55
    DOI: 10.3138/cpp.2020-017
    as

    Download full text from publisher

    File URL: http://dx.doi.org/10.3138/cpp.2020-017
    Download Restriction: access restricted to subscribers
    File URL: https://libkey.io/10.3138/cpp.2020-017?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cpp:issued:v:47:y:2021:i:1:p:18-55. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Iver Chong (email available below). General contact details of provider: https://www.utpjournals.press/loi/cpp .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.