Measuring Policy Barriers in the American Steel Industry, 1950--1998
Dutta, Arijit
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Permalink
https://hdl.handle.net/2142/85548
Description
Title
Measuring Policy Barriers in the American Steel Industry, 1950--1998
Author(s)
Dutta, Arijit
Issue Date
2004
Doctoral Committee Chair(s)
Neal, Larry
Department of Study
Economics
Discipline
Economics
Degree Granting Institution
University of Illinois at Urbana-Champaign
Degree Name
Ph.D.
Degree Level
Dissertation
Keyword(s)
Economics, General
Language
eng
Abstract
Finally, I also perform an event study on stock prices of major American steelmakers, to test the direction and strength of market reaction toward capital-investment related announcements. My results show that investors responded favorably to sound investment decisions, that major steelmakers were not held back from innovation by Net Present Value considerations alone, and thereby justifying the institutional emphasis of this study.
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