Table 5
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Correlations between accidents and returns

Continuous returnsNegative returnsPositive returns
Total accidents−0.0155**0.051***0.035***
Continuous returnsNegative returnsPositive returns
Total accidents−0.0155**0.051***0.035***

Note: n = 48,211 region periods.

Source: Authors’ calculations.

Table 5
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Correlations between accidents and returns

Continuous returnsNegative returnsPositive returns
Total accidents−0.0155**0.051***0.035***
Continuous returnsNegative returnsPositive returns
Total accidents−0.0155**0.051***0.035***

Note: n = 48,211 region periods.

Source: Authors’ calculations.

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