Do Managers Overreact to Salient Risks? Evidence from Hurricane Strikes

By Olivier Dessaint, Adrien Matray. 2017

474 citations recorded by the source corpus.

Subfields: Accounting, Economics and Econometrics, Finance

View Paper: https://www.semanticscholar.org/paper/fdf85ee65ba40f317b10f90c6d57e6668a446a2f

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Aris Stouraitis
2. Yunhao Dai
3. P. Rau
4. Christopher M. Schiller
5. Weiqiang Tan
6. Nora Pankratz

In Economics and Econometrics

1. Aris Stouraitis
2. Yunhao Dai
3. P. Rau
4. Christopher M. Schiller
5. Weiqiang Tan
6. Nora Pankratz

In Finance

1. Aris Stouraitis
2. Yunhao Dai
3. P. Rau
4. Christopher M. Schiller
5. Weiqiang Tan
6. Nora Pankratz

Citations in the corpus

• Climate Change and Adaptation in Global Supply-Chain Networks (2019, background): “Further, availability bias could influence customers’ decisions about replacing suppliers if firms react to recent, salient events (Dessaint and Matray, 2017).”
• The Sustainability Footprint of Institutional Investors (2018, unknown): “Dessaint and Matray (2017) examine whether corporate managers’ risk perceptions respond to hurricane strikes.”
• Input Specificity and the Propagation of Idiosyncratic Shocks in Production Networks (2016, unknown): “…temporary shocks to local labor markets (Belasen and Polachek 2008), changes in uncertainty (Baker and Bloom 2013), and changes in risk perception (Dessaint and Matray 2013). at U niversita C om m erciale L uigi B occoni on Septem ber 20, 2016 http://qje.oxfordjournals.org/ D ow nloaded…”
• An ill wind? Terrorist attacks and CEO compensation (2020, background): “Dessaint and Matray (2017) include firm-quarter fixed effects to account for seasonality in hurricane activity.”
• Climate Change and Corporate Cash Holdings: Global Evidence (2020, unknown): “Several studies document that corporate cash holdings help mitigate risks associated with such events that may lead to future liquidity shortage (Froot et al., 1993; Holmstrom and Tirole, 2000; Dessaint and Matray, 2017).”
• Climate Risk and Capital Structure (2019, unknown): “Dessaint and Matray (2017) study how managers respond to hurricane events when their firms are located in the neighborhood of the disaster area.”