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Please use this identifier to cite or link to this item: http://arks.princeton.edu/ark:/88435/dsp011n79h763c
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dc.contributor.advisorReichman, Nancy-
dc.contributor.authorBaxter, Luke-
dc.date.accessioned2024-07-05T17:12:03Z-
dc.date.available2024-07-05T17:12:03Z-
dc.date.created2024-04-10-
dc.date.issued2024-07-05-
dc.identifier.urihttp://arks.princeton.edu/ark:/88435/dsp011n79h763c-
dc.description.abstractThis thesis explores two questions. First, we examine the impact of relatively rare, yet economically destructive natural disaster events. Using hurricane data from EM-DAT and financial data from CRSP/Compustat, we evaluate the link between exogenous event shocks and company financial performance. We measure effects in periods that have not been utilized in previous research, extending upon the related literature. Second, we attempt to understand the role that experience plays when these shocks are repeated. We accomplish this by comparing two major hurricane events with analogous characteristics that have affected similar regions and companies. The impact of hurricanes on financial performance appears to be minimal, yet visible in the time immediately following an event shock. As is consistent with the literature, we notice that hurricanes are complex events that are difficult to isolate. We see this through varied effects between hurricane events. There is limited evidence that experience affects company returns, necessitating continued research on this question.en_US
dc.format.mimetypeapplication/pdf
dc.language.isoenen_US
dc.titleHow do Firms React to Natural Disaster Events? An Analysis of Abnormal Performance during Exogenous Shocksen_US
dc.typePrinceton University Senior Theses
pu.date.classyear2024en_US
pu.departmentEconomicsen_US
pu.pdf.coverpageSeniorThesisCoverPage
pu.contributor.authorid920227768
pu.certificateFinance Programen_US
pu.mudd.walkinNoen_US
Appears in Collections:Economics, 1927-2024

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