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The Great East Japan Earthquake and Stock Prices

Author

Listed:
  • Jacques Jaussaud

    (CREG - Centre de recherche et d'études en gestion - UPPA - Université de Pau et des Pays de l'Adour)

  • Sophie Nivoix

    (Axe 2 (2011-2016) : « Marchés, Cultures de consommation, Autonomie et Migrations » (MSHS Poitiers) - MSHS de Poitiers - Maison des sciences de l'homme et de la société de Poitiers - UP - Université de Poitiers = University of Poitiers - CNRS - Centre National de la Recherche Scientifique, CRIEF [Poitiers] - Centre de recherche sur l'intégration économique et financière - UP - Université de Poitiers = University of Poitiers, CEREGE [Poitiers, La Rochelle] - Centre de recherche en gestion [EA 1722] - IAE Poitiers - Institut d'Administration des Entreprises (IAE) - Poitiers - UP - Université de Poitiers = University of Poitiers - UP - Université de Poitiers = University of Poitiers - ULR - La Rochelle Université, CPER INSECT - CPER "INnovation Sociale, Economique et Culturelle dans des Territoires en mutation" (MSHS Poitiers) - MSHS de Poitiers - Maison des sciences de l'homme et de la société de Poitiers [UAR 3565] - UP - Université de Poitiers = University of Poitiers - CNRS - Centre National de la Recherche Scientifique)

  • Serge Rey

    (CATT - Centre d'Analyse Théorique et de Traitement des données économiques - UPPA - Université de Pau et des Pays de l'Adour)

Abstract

The Great East Japan Earthquake of March 11, 2011, which led to a massive tsunami and the nuclear accident at Fukushima, moved Japanese authorities to close most of the country's nuclear reactors for inspection (only 2 of 54 total currently are working), as well as to reassess its national energy policy. This article investigates the volatility of stock prices before and after the disaster. The evolution of stock prices of electric utility companies differs greatly, compared with those of firms in other industries.

Suggested Citation

  • Jacques Jaussaud & Sophie Nivoix & Serge Rey, 2015. "The Great East Japan Earthquake and Stock Prices," Post-Print hal-01885285, HAL.
    • Handle: RePEc:hal:journl:hal-01885285
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    Cited by:

    1. Christian F. Durach & Tomas Repasky & Frank Wiengarten, 2023. "Patterns in firms’ inventories and flexibility levels after a low‐probability, high‐impact disruption event: Empirical evidence from the Great East Japan Earthquake," Production and Operations Management, Production and Operations Management Society, vol. 32(6), pages 1705-1723, June.
    2. Mohamed El Abdellaoui & Gilles Pache, 2019. "Effects of disruptive events within the supply chain on perceived logistics performance," Economics Bulletin, AccessEcon, vol. 39(1), pages 41-54.
    3. Harada, Kimie & Okimoto, Tatsuyoshi, 2021. "The BOJ's ETF purchases and its effects on Nikkei 225 stocks," International Review of Financial Analysis, Elsevier, vol. 77(C).

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    More about this item

    Keywords

    electric utility companies; earthquake; volatility; risk; Japan; stock market;
    All these keywords.

    JEL classification:

    • C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
    • C2 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables

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