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How Did Markets React to the Rana Plaza Disaster?

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?
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

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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