Please use this identifier to cite or link to this item: http://hdl.handle.net/1822/60216

TitleShoot-at-will: the effect of mass-shootings on US small gun manufacturers
Author(s)Areal, Nelson
Carvalho, Ana
KeywordsMass-shootings
Sin stocks
Event-study
Cross-correlation
Issue date2018
PublisherUniversidade do Minho. Núcleo de Investigação em Políticas Económicas (NIPE)
JournalNIPE Working Paper
Abstract(s)Mass shootings have become a frequent occurrence in the US, attracting extensive media coverage and provoking public condemnation. The fi nancial impact of such tragedies are seldom examined. In this study, we use an event study methodology to analyse the impact of 83 mass shootings on the value of 15 US gun and ammunition manufacturers from 1982 to 2017. In contrast to previous fi ndings, we fi nd no statistically signi cant impact on the returns of these fi rms, suggesting investors no longer fear the threat of restrictive regulation that may negatively affect these businesses.
TypeWorking paper
URIhttp://hdl.handle.net/1822/60216
Publisher versionhttps://www.eeg.uminho.pt/pt/investigar/nipe/Paginas/publicacoes.aspx
Peer-Reviewedno
AccessOpen access
Appears in Collections:NIPE - Documentos de Trabalho

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