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1. 1. Do markets react rationally? An event study on the effect of the 2010 volcano eruption on airline stock returns

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Författare :Eric Carlson Rydman; Oliver Graedtke; [2011]
   Nyckelord :event study; market rationality;

   Sammanfattning : In April 2010, a volcano eruption in Iceland caused a temporary flight ban on most of European airspace resulting in a negative financial impact on European airlines in particular. By conducting an event study, we investigate if market participants reacted rationally to the effects of this event. LÄS MER