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Jacques Jaussaud, Sophie Nivoix and Serge Rey
''The Great East Japan Earthquake and Stock Prices''
( 2015, Vol. 35 No.2 )
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.
Keywords: stock market, Japan, risk, volatility, earthquake, electric utility companies
JEL: C1 - Econometric and Statistical Methods: General
C2 - Single Equation Models; Single Variables: General
Manuscript Received : Dec 21 2013 Manuscript Accepted : Jun 01 2015

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