Financial market implications of corporate exposure to prior disasters

Tosun, Onur Kemal ORCID: https://orcid.org/0000-0003-2551-1408 and Eshraghi, Arman ORCID: https://orcid.org/0000-0002-7406-1725 2024. Financial market implications of corporate exposure to prior disasters. Reference Module in Social Sciences, Elsevier, (10.1016/B978-0-44-313776-1.00336-6)

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Abstract

This article outlines the financial implications of corporate exposure to disasters. We explain how firms learn from their struggle with previous disasters (defined broadly) and how they, explicitly or implicitly, apply this learning to current shocks or disasters as they unfold. In particular, we draw on two recently published studies which show how firms learned from their experience of dealing with the global financial crisis of 2007–2008, as well as the 9/11 terrorist attacks back in 2001, and how their share prices fared better in dealing with Covid-19 shocks and disruptions years later.

Item Type:	Book Section
Date Type:	Published Online
Status:	In Press
Schools:	Business (Including Economics)
Publisher:	Elsevier
ISBN:	9780443157851
Date of First Compliant Deposit:	6 January 2025
Date of Acceptance:	13 November 2024
Last Modified:	21 Jan 2025 15:45
URI:	https://orca.cardiff.ac.uk/id/eprint/175046

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