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The Great East Japan Earthquake and Stock Prices

Author

Listed:
  • Jacques Jaussaud

    (University of Pau et Pays de l''Adour)

  • Sophie Nivoix

    (University of poitiers, France)

  • Serge Rey

    (CATT-UNIV PAU & PAYS 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," Economics Bulletin, AccessEcon, vol. 35(2), pages 1237-1261.
    • Handle: RePEc:ebl:ecbull:eb-13-00844
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    References listed on IDEAS

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    Cited by:

    1. Khalid Khan & Javier Cifuentes-Faura & Muhammad Shahbaz, 2024. "Do earthquakes shake the stock market? Causal inferences from Turkey’s earthquake," Financial Innovation, Springer;Southwestern University of Finance and Economics, vol. 10(1), pages 1-19, December.
    2. 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.
    3. 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.
    4. 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

    stock market; Japan; risk; volatility; earthquake; electric utility companies;
    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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