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How policy changes affect shareholder wealth: the case of the Fukushima Dai-ichi nuclear disaster

  • André Betzer
  • Markus Doumet
  • Ulf Rinne

This article analyses how policy changes affect shareholder wealth by exploiting the unexpected German reaction to the Japanese nuclear disaster. Event study results show that energy companies' shareholder wealth was affected by the policy reaction and not by the disaster.

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File URL: http://hdl.handle.net/10.1080/13504851.2012.748172
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Article provided by Taylor & Francis Journals in its journal Applied Economics Letters.

Volume (Year): 20 (2013)
Issue (Month): 8 (May)
Pages: 799-803

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Handle: RePEc:taf:apeclt:v:20:y:2013:i:8:p:799-803
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