Search Results - subject:"STORM"

Understanding the Disclosure Practices of Firms Affected by a Natural Disaster : The Case of Hurricanes

Stamenov, Ventsislav - 2022

This paper investigates the disclosure practices of firms affected by hurricanes. I document that when a hurricane hits, there is an increase in investor uncertainty. During the hurricane period (approximately ten days), there is an increase in abnormal volume, stock volatility, spread, and...

Persistent link: https://www.econbiz.de/10013403814

An Uneven Recovery : Residential Real Estate Prices in the Aftermath of Hurricane Sandy

Chun, Yung; Haupert, Tyler; Fox-Dichter, Sophia - 2022

geographic location. Neighborhoods facing Manhattan and the East River that were subject to Sandy’s storm surge experienced … significantly higher levels than surged or near-surged neighborhoods in the years following the storm. These results suggest that … aggregate findings from past studies of storm-driven property value changes may mask significant heterogeneity in value recovery …

Persistent link: https://www.econbiz.de/10013404252

Are Overconfident CEOs Less Resilient to Bad News? Evidence From Negative News Events and Hurricanes

Zhao, Dan - 2022

This paper examines the implications of CEO overconfidence for firm distress risk and investment-related activities in the unique context of adverse incidents. I use an options‐based proxy for CEO overconfidence and study two types of adverse incidents: negative news reports and hurricanes....

Persistent link: https://www.econbiz.de/10013405870

Climate Risk and Mortgage Markets : Evidence from Hurricanes Harvey and Irma

Gete, Pedro; Tsouderou, Athena - 2022

Using a new financial product (Credit Risk Transfers, CRTs) we study how markets would price hurricane risk in U.S. mortgages absent intervention from the government-sponsored enterprises (GSEs). We hand-collect a novel and detailed database to exploit CRTs' heterogeneous exposure to Hurricanes...

Persistent link: https://www.econbiz.de/10014245048

The effects of tornadoes on housing prices in Moore, Oklahoma

Cho, Whoi; Whitacre, Brian E.; Rhoades, Claudia A. - In: The review of regional studies : a joint publ. of the … 52 (2022) 1, pp. 57-73

Persistent link: https://www.econbiz.de/10013257819

Household financial decision-making after natural disasters : evidence from Hurricane Harvey

Del Valle, Alejandro; Scharlemann, Therese; Shore, … - 2022

Persistent link: https://www.econbiz.de/10013175604

Disastrous discretion : ambiguous decision situations foster political favoritism

Schneider, Stephan A.; Kunze, Sven - 2022

Allocation decisions are vulnerable to political influence, but it is unclear in which situations politicians use their discretionary power in a partisan manner. We analyze the allocation of presidential disaster declarations in the United States, exploiting the spatiotemporal randomness of...

Persistent link: https://www.econbiz.de/10013177149

Local Public Finance Dynamics and Hurricane Shocks

Jerch, Rhiannon Leigh; Kahn, Matt; Lin, Gary C. - 2022

Since 1980, over 2,000 local governments in US Atlantic and Gulf states have been hit by a hurricane. Such natural disasters can exert severe budgetary pressure on local governments’ ability to provide critical infrastructure, goods, and services. We study local government revenue,...

Persistent link: https://www.econbiz.de/10014090940

The Economic Impact of Migrants from Hurricane Maria

Peri, Giovanni; Rury, Derek; Wiltshire, Justin - 2022

We examine the economic impact of the large migration of Puerto Ricans to Orlando after Hurricane Maria. Using a synthetic control approach, we find that employment in Orlando increased, especially in construction and retail, and find positive aggregate labor market effects for non-Hispanic and...

Persistent link: https://www.econbiz.de/10014094322

Hurricane risk and property insurance in Poland

Bak, Joanna - In: Olsztyn economic journal 17 (2022) 1, pp. 49-57

Persistent link: https://www.econbiz.de/10013502744