351 research outputs found

    Quelques enjeux relatifs à l'enseignement des compétences /

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    The Effect on Stockholder Wealth of Product Recalls and Government Action: The Case of Toyota\u27s Accelerator Pedal Recall

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    We analyze the effect of Toyota’s faulty accelerator pedal on stockholder wealth. Using the event study methodology, we show that a major recall in January of 2010 caused the company’s cumulative abnormal returns to fall by 19%. Continued concerns that Toyota was unable to identify and adequately fix the problem induced the National Highway Traffic Safety Administration to conduct its own investigation in March, 2010. The results of this government investigation exonerated the company and caused Toyota’s cumulative abnormal returns to rise by almost 9%. The Toyota case provides an opportunity to study a product recall with both company error and a government action that addressed concerns about the safety of the product

    Preserving Agriculture in an Urban Region

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    This report is concerned with the efforts being made in the northeastern United States to preserve agriculture. This region is known more for its cities than for its farms, yet the Agricultural Census of 1974 recorded a farm output here amounting to 7 percent of the total national farm output. About 500,000 people, in farming and related businesses, are employed as a result of agriculture in the region
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