Capitalizing on Catastrophe: Short Selling Insurance Stocks Around Hurricanes Katrina and Rita

被引：19

作者：

Blau, Benjamin M. ^{[1
]}

Van Ness, Robert A. ^{[2
]}

Wade, Chip ^{[2
]}

机构：

[1] Brigham Young Univ, Provo, UT 84602 USA

[2] Univ Mississippi, University, MS 38677 USA

来源：

JOURNAL OF RISK AND INSURANCE | 2008年 / 75卷 / 04期

关键词：

D O I：

10.1111/j.1539-6975.2008.00293.x

中图分类号：

F8 [财政、金融];

学科分类号：

0202 ;

摘要：

We develop several hypotheses regarding short-selling activity around Hurricanes Katrina and Rita. We find that abnormal short selling does not increase until 2 trading days after the landfall of Katrina and that short-selling activity is much more significant around Rita. We find a substantial increase in short-selling activity in the trading days prior to the landfall of Rita and relatively less short-selling activity in the trading days after landfall. There is little evidence that suggests that traders short insurance stocks with more potential exposure in the Gulf region than other insurance stocks in the days before landfall.

引用

页码：967 / 996

页数：30

共 34 条

[31] LARGE LOSSES, RISK MANAGEMENT AND STOCK-PRICES [J].