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Fukushima, quel impact sur les entreprises françaises cotées de la filière de production d'électricité d'origine nucléaire ?

Author

Listed:
  • Sandrine Boulerne

    (ESCEM Tours Poitiers - ESCEM School of Business and Management - Groupe école supérieure de commerce et de management Tours-Poitiers)

  • Jean-Philippe Lafontaine

    (Institut d'Administration des Entreprises (IAE) - Tours)

  • Bruno Pecchioli

    (CEREFIGE - Centre Européen de Recherche en Economie Financière et Gestion des Entreprises - UL - Université de Lorraine)

Abstract

Fukushima, what impact on the listed French companies of the sector of nuclear electricity production? This communication reports of ongoing research on the reaction of financial markets following a serious industrial accident, also known as environmental crisis. The studied event is the Fukushima nuclear accident which began on March 11th, 2011. The results of an event study conducted on a sample of 16 French companies operating in the nuclear power generation sector pointed out a negative and significant average market reaction. The abnormal returns can be explained by contextual variables such as the nature of the activity and the media exposure of companies. Finally, the analysis of press releases issued by these companies after the accident permitted to identify 5 types of reaction from them.

Suggested Citation

  • Sandrine Boulerne & Jean-Philippe Lafontaine & Bruno Pecchioli, 2016. "Fukushima, quel impact sur les entreprises françaises cotées de la filière de production d'électricité d'origine nucléaire ?," Post-Print hal-01902423, HAL.
    • Handle: RePEc:hal:journl:hal-01902423
    Note: View the original document on HAL open archive server: https://hal.science/hal-01902423
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    References listed on IDEAS

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