Resumen

PEDRAZA MARTINEZ, Alfonso. IMPACTO DE LAS CATÁSTROFES EN EL VALOR DE LAS ACCIONES. EL CASO LATINOAMERICANO. Cuad. Econ. [online]. 2004, vol.23, n.40, pp.111-141. ISSN 0121-4772.

This research applied Knight and Pretty’s methodology [ 1996] to catastrophes in six Latin-american companies for establishing how the impact of a catastrophe affects the value of such firms’ shares. Compared to Knight and Pretty’s results [ 1996] , the fall in value of stock-exchange rated companies in Latin-america follows a less inclined slope than in the USA or Europe; however, such impact is much more long-lasting.

Palabras clave : decision-making in conditions of uncertainty and risk; valuing financial assets; Latin-American financial markets.

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