TITLE

Intra-Industry Effects of the Accident at Three Mile Island

AUTHOR(S)
Bowen, Robert M.; Castanias, Richard P.; Daley, Lane A.
PUB. DATE
March 1983
SOURCE
Journal of Financial & Quantitative Analysis;Mar1983, Vol. 18 Issue 1, p87
SOURCE TYPE
Academic Journal
DOC. TYPE
Article
ABSTRACT
This paper explores the possibility that there were intra-industry impacts that resulted from the nuclear accident that occurred at the Three Mile Island Nuclear Power Plant. The authors investigate what impact this event had on the returns for privately owned electric utilities. The authors' findings suggest that an extensive web of interdepedencies exists in the pricing of equity of electric utilities. They also found that the event at Three Mile Island did lead to a substantial downward price shift among utility companies with a commitment to nuclear power.
ACCESSION #
5722583

 

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