Stock Market Reactions to Offences against Food Safety

本研究的目的是调查股票市场对违反食品安全和可靠性的反应。由于股票市场中积累了对企业未来业绩的预测等信息，因此可以通过食品相关企业的股价来分析社会对食品相关企业不当行为的反应。基于时间序列的事件研究方法被用来研究股票收益的行为。

The purpose of this research is to investigate stock market reactions to offences against food safety and reliability. Given the fact that information such as predictions on future performances of a company is accumulated in the stock market, it is possible to analyze social responses against misconducts committed by food-related companies through the share prices of the firms concerned. The time-series-based event study approach is used to study the behavior of the stock returns.