IDEAS home Printed from
MyIDEAS: Log in (now much improved!) to save this article

Stock Price Reaction to Regulation in the Meat Packing Industry

Listed author(s):
  • Johnson, Mark S.
  • Mittelhammer, Ronald C.
  • Blayney, Donald P.

The results of this study suggest that a variety of regulations in the meat packing industry had significant, and sometimes unexpected, effects. The specific results of regulatory event testing show that many regulatory changes produce large significant impacts on the meat processing industry, in this study shown to be as large as 4% of shareholder wealth for a single informational event. The effects of each specific regulatory change on shareholders is dependent upon the type of regulation examined. These large impacts on the wealth of shareholders indicate that regulatory agencies and the regulations they create often serve the industry, as well as consumers. Finally, in this paper a refined Capital Asset Pricing Model (CAPM) analysis that adjusts for an errors-in-variables problem arising due to nonsynchronous trading is utilized which may be useful in future event studies relating to the agricultural sector.

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

File URL:
Download Restriction: no

Article provided by United States Department of Agriculture, Economic Research Service in its journal Journal of Agricultural Economics Research.

Volume (Year): (1994)
Issue (Month): 3 ()

in new window

Handle: RePEc:ags:uersja:137417
Contact details of provider: Postal:
1400 Independence Ave.,SW, Mail Stop 1800, Washington, DC 20250-1800

Phone: 202-694-5050
Fax: 202-694-5700
Web page:

More information through EDIRC

No references listed on IDEAS
You can help add them by filling out this form.

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

When requesting a correction, please mention this item's handle: RePEc:ags:uersja:137417. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (AgEcon Search)

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.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.