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Last login: 6 hours agoLaodan: laodan is a guy from Milford, Pennsylvania, USA.; Likes 1,600 pages, 24 videos, 8 photos • 222 fans • Received 65 reviews; Member since Aug 08, 2005

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Stock prices plunge when social protests strike | Science Blog: Oct 8, 2007 1:25pm 1 review •http://www.scienceblog.com/cms/stock-...; Stock prices plunge when social protests strike
in ScienceBlog from news.cornell.edu

A new study led by Sarah Soule, professor of sociology at Cornell, and Brayden King, assistant professor of sociology at Brigham Young University, examines how organized public protest affects "abnormal stock price returns" -- an indicator of investor reaction to a focal event. The report, "Social Movements as Extra-institutional Entrepreneurs: The Effect of Protest on Stock Price Returns," is published in the September 2007 issue of Administrative Science Quarterly.

Protests by the National Gay and Lesbian Task Force against Cracker Barrel's disastrous 1991 policy to dismiss all gay and lesbian employees, for example, resulted in a national boycott of the chain. The company's stock fell 26 percent below the expected return -- in one month -- even though national sales remained stable.

Stock prices plunge when social protests strike

The weapon of the street against The Street. Wow! How come this weapon is not used systematically? Is it ignorance? Or has societal atomization successfully countered any move by the street leaving The Street free to do whatever it wants?