Bankruptcy by catastrophes for major multi-nationals: Stock exchange sensitivity for three catastrophes

This paper investigates the effect of major catastrophes have on stock exchange values for the major multi-nationals. The paper demonstrates that the Sharpe analysis is more sensitive in identifying effects than just following the daily stock values for assessing market response. It was found that major multi-nationals are capable of absorbing...

Modelling risk in high hazard operations: Integrating technical, organisational and cultural factors

Recent disasters in high hazard industries such as Oil and Gas Exploration (The Deepwater Horizon) and Petrochemical production (Texas City) have been found to have causes that range from direct technical failures through organizational shortcomings right up to weak regulation and inappropriate company cultures. Risk models have generally...