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Shocks and fish stocks : the effect of disasters and policy announcements on listed fishing companies’ market value

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dc.contributor.authorScholtens, Bert
dc.contributor.authorOueghlissi, Rim
dc.date.accessioned2020-08-03T12:30:03Z
dc.date.available2020-08-03T12:30:03Z
dc.date.issued2020-07-30
dc.identifier.citationScholtens , B & Oueghlissi , R 2020 , ' Shocks and fish stocks : the effect of disasters and policy announcements on listed fishing companies’ market value ' , Business Strategy and the Environment , vol. Early View . https://doi.org/10.1002/bse.2601en
dc.identifier.issn1099-0836
dc.identifier.otherPURE: 269134879
dc.identifier.otherPURE UUID: 36446168-2e46-44c4-9589-3a98b038af4a
dc.identifier.otherORCID: /0000-0001-5774-5191/work/78528070
dc.identifier.otherWOS: 000553784100001
dc.identifier.otherScopus: 85088807959
dc.identifier.urihttps://hdl.handle.net/10023/20396
dc.description.abstractWe investigate the effect of disasters and fisheries policy announcements on the value of large fishing companies. These companies are highly relevant for global fish production and marine ecosystems. Financial markets reveal how investors perceive and appreciate news about disasters and policy announcements. This can affect the financial value of the fishing companies. We use a sample of 87 events and investigate how shocks affect the market value of 42 firms. It shows that earthquakes significantly affect fishing companies’ market returns. Further, it shows that listed fisheries are especially sensitive to disasters and that earthquakes have more pronounced effects than oil spills. Other event types trigger marginally significant responses or none at all.
dc.language.isoeng
dc.relation.ispartofBusiness Strategy and the Environmenten
dc.rightsCopyright © 2020 The Authors. Business Strategy and The Environment published by ERP Environment and John Wiley & Sons Ltd. This is an open access article under the terms of the Creative Commons Attribution‐NonCommercial‐NoDerivs License, which permits use and distribution in any medium, provided the original work is properly cited, the use is non‐commercial and no modifications or adaptations are made.en
dc.subjectFisheriesen
dc.subjectEvent studyen
dc.subjectStock market returnsen
dc.subjectDisasteren
dc.subjectPolicy announcementen
dc.subjectKeystone companiesen
dc.subjectFirm performanceen
dc.subjectHD28 Management. Industrial Managementen
dc.subjectDASen
dc.subjectSDG 14 - Life Below Wateren
dc.subject.lccHD28en
dc.titleShocks and fish stocks : the effect of disasters and policy announcements on listed fishing companies’ market valueen
dc.typeJournal articleen
dc.description.versionPublisher PDFen
dc.contributor.institutionUniversity of St Andrews. Centre for Responsible Banking and Financeen
dc.contributor.institutionUniversity of St Andrews. School of Managementen
dc.identifier.doihttps://doi.org/10.1002/bse.2601
dc.description.statusPeer revieweden


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