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Measuring the effect

The Antidote

ISSN: 1363-8483

Article publication date: 1 August 1999


States the impact of catastrophes on shareholder value is not strongly influenced by the existence of catastrophe insurance, but that a catastrophe puts the spotlight directly on management's ability to handle a crisis. Uses a Table of cases studied with regard to catastrophe effects and also uses 3 Figures showing differences between recoverers and non‐recoverers; and also Union Carbide after Bhopal; plus PanAm after Lockerbie. Concludes large numbers of fatalities, along with issues about management's responsibility for the accident or attendant safety lapses, are significant factors differentiating non‐recoverers.



Kippenberger, T. (1999), "Measuring the effect", The Antidote, Vol. 4 No. 3, pp. 16-17.




Copyright © 1999, MCB UP Limited