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Rescuers work at the collapsed Rana Plaza building in Dhaka in 2013. Photograph: ZUMA/REX
Rescuers work at the collapsed Rana Plaza building in Dhaka in 2013. Photograph: ZUMA/REX

How Did Markets React to the Rana Plaza Disaster?

Authors

Brian W. Jacobs, Michigan State University
Vinod R. Singhal, Georgia Institute of Technology

Research Question Addressed

How did stock markets react to the Rana Plaza disaster, which killed more than 1,200 garment workers and injured another 2,400 in Bangladesh in 2013?

Primary Findings

The research found no evidence of significant stock market reaction to the disaster itself, or to the announcements of two separate industry responses—the Accord on Fire and Building Safety in Bangladesh (AFBSB) and the Alliance for Bangladesh Worker Safety (ABWS).

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Brandi Thompson
Communications Officer