Embry-Riddle Aeronautical University

ERAU Scholarly Commons
Economics, Finance, & Information Systems Daytona Beach 2014 College of Business

The Effect on Stockholder Wealth of Product Recalls and Government Action: The Case of Toyota's Accelerator Pedal Recall
Jayendra Gokhale
Embry-Riddle Aeronautical University - Daytona Beach, gokhalej@erau.edu

Raymond M. Brooks
Oregon State University

Victor J. Tremblay
Oregon State University

Follow this and additional works at: http://commons.erau.edu/db-accounting Part of the Business Administration, Management, and Operations Commons, Finance Commons, and the Management Information Systems Commons Scholarly Commons Citation
Gokhale, J., Brooks, R. M., & Tremblay, V. J. (2014). The Effect on Stockholder Wealth of Product Recalls and Government Action: The Case of Toyota's Accelerator Pedal Recall. The Quarterly Review of Economics and Finance, 54(4). http://dx.doi.org/10.1016/ j.qref.2014.06.004

This is the submitted author’s version that was accepted for publication in The Quarterly Review of Economics and Finance. Changes resulting from the publishing process, such as peer review, editing, corrections, and formatting are not reflected in this document. Changes may have been made to this work since it was submitted for publication. The published version is available at http://dx.doi.org/10.1016/j.qref.2014.06.004. This Article is brought to you for free and open access by the College of Business at ERAU Scholarly Commons. It has been accepted for inclusion in Economics, Finance, & Information Systems - Daytona Beach by an authorized administrator of ERAU Scholarly Commons. For more information, please contact commons@erau.edu.

2

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

Jayendra Gokhalea*, Raymond M. Brooksb and