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Chapman University
Leaving California: The Price Impact of Announcing a Headquarters Relocation
Abstract
dc:description.abstract<p>Over the past decade, people and companies have left California for myriad reasons. This paper examines the effect of announcing a headquarters relocation on a firm's stock price. Using traditional event study methodology, I analyze over 400 move announcements from 2004-2024 to find a positive abnormal return in the short run when firms announce that they are moving their headquarters. There is a pronounced impact on stock prices for firms leaving California and moving to Texas.</p>
Degree
thesis:*- Name thesis:degree_name
- Master of Science (MS)
- Level thesis:degree_level
- Thesis
- Discipline thesis:degree_discipline
- Behavioral and Computational Economics
- Year
- 2025
Author and committee
dc:creator, dc:contributor.*- Author dc:creator
-
- Hazlett, Marilyn Giselle
- Contributors dc:contributor
-
- David Porter
- Stephen Rassenti
Subjects
dc:subject × 8Identifiers
dc:identifier.*- Repository record dc:identifier
- https://digitalcommons.chapman.edu/behavioral_and_computational_economics_theses/6
- OAI identifier oai:identifier
- oai:digitalcommons.chapman.edu:behavioral_and_computational_economics_theses-1005