Date of Completion

Spring 5-3-2019

Thesis Advisor(s)

Christopher Miller

Honors Major





This article investigates how mass shootings are influencing the price and trading volume of firearm manufacturers differently than the previously documented “fear-based” gun sales price spikes. (Wallace, 2015). It is expected that, following a mass shooting, firearms sales increase due to a fear of legislation banning products and a limited timeframe to obtain them. For instance, The Financial Times of London reported 52% increase of gun sales in the year following the Sandy Hook shooting; however, in the long term, if there is regulation that limits the autonomy of manufacturers then investors would be inclined to divest in firearms manufacturers. This dichotomy between short-term sales increasing returns and the long-term viability of the industry leaves market response, and longevity, unpredictable.

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Accounting Commons