The Users Of Lumber And The Us-Canada Softwood Lumber Agreement: An Event Study
In this paper we analyze whether the Softwood Lumber Agreement between US and Canada imposed significant economic costs on the users of Lumber in the US. To ascertain this impact we use an event study. Our event study analyzes variations in the stock prices of lumber using firms listed at the major stock markets in the US. We find that events leading to the Softwood Lumber Agreement had significant negative impacts on the stock prices of industries using softwood lumber. The average reduction of stock prices for our sample of firms was approximately 5.42% over all the events considered.
|Date of creation:||2003|
|Date of revision:|
|Contact details of provider:|| Postal: 2053 Main Mall, Vancouver, BC V6T 1Z2|
Web page: http://www.landfood.ubc.ca/fre/
More information through EDIRC
When requesting a correction, please mention this item's handle: RePEc:ags:ubcwps:15842. 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 references are entirely missing, you can add them using this form.