The Cost of Accidental Death: A Capital Market Approach
This article analyzes the effect of accidental deaths involving either a firms workplace or product on the firm's shareholder equity. Significant and sustained losses were found, reaching a peak of over & million per fatality during the second week following an accident. The variation in the cumulative percentage loss to the firms due to the accidents is explained by the number of deaths per accident and the riskiness of the product of workplace--the lower the a priori perceived riskiness, the greater the decline in equity. Copyright 1990 by Kluwer Academic Publishers
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
When requesting a correction, please mention this item's handle: RePEc:kap:jrisku:v:3:y:1990:i:1:p:51-63. 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: (Sonal Shukla)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.