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The market's reaction to unexpected, catastrophic events: the case of airline stock returns and the September 11th attacks

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  • Carter, David A.
  • Simkins, Betty J.

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  • Carter, David A. & Simkins, Betty J., 2004. "The market's reaction to unexpected, catastrophic events: the case of airline stock returns and the September 11th attacks," The Quarterly Review of Economics and Finance, Elsevier, vol. 44(4), pages 539-558, September.
    • Handle: RePEc:eee:quaeco:v:44:y:2004:i:4:p:539-558
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    1. Malatesta, Paul H., 1986. "Measuring Abnormal Performance: The Event Parameter Approach Using Joint Generalized Least Squares," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 21(1), pages 27-38, March.
    2. Theodore E. Christensen, 2002. "The Effects of Uncertainty on the Informativeness of Earnings: Evidence from the Insurance Industry in the Wake of Catastrophic Events," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(1‐2), pages 223-255.
    3. Sinkey, Joseph Jr. & Carter, David A., 1999. "The reaction of bank stock prices to news of derivatives losses by corporate clients," Journal of Banking & Finance, Elsevier, vol. 23(12), pages 1725-1743, December.
    4. Madura, Jeff & Tucker, Alan L. & Zarruk, Emilio, 1992. "Reaction of bank share prices to the Third-World debt reduction plan," Journal of Banking & Finance, Elsevier, vol. 16(5), pages 853-868, September.
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    7. Todd C. Pulvino, 1998. "Do Asset Fire Sales Exist? An Empirical Investigation of Commercial Aircraft Transactions," Journal of Finance, American Finance Association, vol. 53(3), pages 939-978, June.
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    9. Clark, Jeffrey A & Perfect, Steven B, 1996. "The Economic Effects of Client Losses on OTC Bank Derivative Dealers: Evidence from the Capital Market," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 28(3), pages 527-545, August.
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    12. Drakos, Konstantinos, 2004. "Terrorism-induced structural shifts in financial risk: airline stocks in the aftermath of the September 11th terror attacks," European Journal of Political Economy, Elsevier, vol. 20(2), pages 435-446, June.
    13. Smirlock, Michael & Kaufold, Howard, 1987. "Bank Foreign Lending, Mandatory Disclosure Rules, and the Reaction of Bank Stock Prices to the Mexican Debt Crisis," The Journal of Business, University of Chicago Press, vol. 60(3), pages 347-364, July.
    14. Binder, Jj, 1985. "On The Use Of The Multivariate Regression-Model In Event Studies," Journal of Accounting Research, Wiley Blackwell, vol. 23(1), pages 370-383.
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    18. Theodore E. Christensen, 2002. "The Effects of Uncertainty on the Informativeness of Earnings: Evidence from the Insurance Industry in the Wake of Catastrophic Events," Journal of Business Finance & Accounting, Wiley Blackwell, vol. 29(1&2), pages 223-255.
    19. Barrett, W Brian, et al, 1987. "The Adjustment of Stock Prices to Completely Unanticipated Events," The Financial Review, Eastern Finance Association, vol. 22(4), pages 345-354, November.
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