More on the Economic Cost of Terrorism
Byrnes, Nanette. 2006. “The High Cost Of Fear.” Business Week (6 November): p. 15.
“A new survey on the cost of terrorism indicates that for S&P 500 companies alone, the threat has brought direct and indirect costs of $107 billion a year. That figure includes extra spending (on insurance and redundant capacity, for instance) and lost revenues (from fearful consumers’ decreased activity). Another finding of the September survey of CFOs, conducted by Duke University’s Fuqua School of Business and CFO magazine: Some 21% of U.S. companies have reduced employees’ air travel since September 11 (as have 17% of European companies).”
Here is the survey site:
Duke University and CFO Magazine conducted a special study on terrorism for The Wall Street Journal. The study included a survey of 434 chief financial officers (CFOs) of U.S.-based companies, 124 CFOs of European companies, and 103 CFOs of Asian companies, and concluded September 4, 2006. The European polling was done in cooperation with Erasmus University in the Netherlands.