Are government initiated recalls more damaging for shareholders? Evidence from automotive recalls, 1973-1998

Economics Letters

Volumn 71, Issue 2, 2001, Pages 265-270

  Rupp, Nicholas G ^a  

^a VALDOSTA STATE UNIVERSITY   (United States)

Author keywords

Event study; G14; L15; Liability; Quality; Recall

Indexed keywords

EID: 0035588960     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/S0165-1765(01)00379-2     Document Type: Article

References (10)

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2. Davidson W.N. III, Worrell D.L. Research notes and communications: the effect of product recall announcements on shareholder wealth. Strategic Management Journal. 3:1992;467-473.
3. Hoffer G.E., Pruitt S.W., Reilly R.J. Automotive recalls and informational efficiency. The Financial Review. 22:(4):1987;433-442.
4. Jarrell G., Peltzman S. The impact of product recalls on the wealth of sellers. Journal of Political Economy. 93:(3):1985;512-536.
5. MacKinlay A.C. Event studies in economics and finance. Journal of Economic Literature. 35:(1):1997;13-39.
6. Rupp, N.G., Taylor, C.R., 1999. Who initiates a Recall? Theory and Evidence from the Automobile Industry, Private Enterprise Research Center working paper #9922, Texas A&M University.
7. Wall Street Journal, 1996. Chrysler, Pressured by US, Plans Antilock Recall, 16 April, A3.
8. Wall Street Journal, 1998. US Court Overturns NHTSA Recall Order of Chrysler Vehicles, 2 November, A25.
9. Wall Street Journal Index, 1973-1998. New York: Dow-Jones.
10. Ward's Automotive Yearbook, 1998. Detroit, MI.