RT Journal Article
T1 Risk perceptions on hurricanes: evidence from the U.S. stock market
A1 Feria Domínguez, José Manuel
A1 Paneque, Pilar
A1 Gil-Hurtado, María
K1 Natural hazards
K1 Hurricanes
K1 Risk perceptions
K1 Financial markets
K1 Event study
AB This article examines the market reaction of the main Property and Casualty (P & C) insurance companies listed in the New York Stock Exchange (NYSE) to seven most recent hurricanes that hit the East Coast of the United States from 2005 to 2012. For this purpose, we run a standard short horizon event study in order to test the existence of abnormal returns around the landfalls. P & C companies are one of the most affected sectors by such events because of the huge losses to rebuild, help and compensate the inhabitants of the affected areas. From the financial investors’ perception, this kind of events implies severe losses, which could influence the expected returns. Our research highlights the existence of significant cumulative abnormal returns around the landfall event window in most of the hurricanes analyzed, except for the Katrina and Sandy Hurricanes.
PB MDPI
YR 2017
FD 2017-06-05
LK https://hdl.handle.net/10433/23407
UL https://hdl.handle.net/10433/23407
LA en
NO Feria-Domínguez, J. M., Paneque, P., & Gil-Hurtado, M. (2017). Risk Perceptions on Hurricanes: Evidence from the U.S. Stock Market. International Journal of Environmental Research and Public Health, 14(6), 600. https://doi.org/10.3390/ijerph14060600
NO Departamento de Geografía, Historia y Filosofía
NO University Pablo de Olavide Research Scheme (IV edition)
DS RIO
RD Apr 23, 2026