Type of Submission
Refereed Article
Abstract
How efficient was the market in anticipating the impact of Hurricane Katrina on the Gulf coast casino industry? This study uses the event study methodology to investigate the stock market’s reaction affecting equity prices of small casino companies with operations on the Gulf Coast centered on Biloxi, Mississippi. Cumulative Abnormal Returns (CARs) for 1 day, 3 day, and 6 day event windows are examined.. As such the impact of Katrina on stock prices of casino firms in the Gulf Coast is better understood.
Recommended Citation
Flanegin, Frank R.; Rudd, Denis P.; Litzinger, Patrick J.; and Mills, Richard
(2007)
"Casino Stocks and Katrina: An Example of Market Over-Reaction?,"
Journal of Hospitality Financial Management: Vol. 15:
Iss.
1, Article 3.
Available at:
https://scholarworks.umass.edu/jhfm/vol15/iss1/3