cumulative abnormal return
Deviation from Optimal Level of Cash Holdings and Cumulative Abnormal Returns
... future cumulative abnormal ...future cumulative abnormal ...(future cumulative abnormal ...future cumulative abnormal ...
9
Comparison of Value Creation through M&A in European Union
... the cumulative abnormal return and independent variables at the time of announcement of mergers and acquisition revealed that both when acquiring companies originating in countries, which accessed ...
8
Analysis of Market Effect and Influencing Factors of “Replace Business Tax with VAT” —Evidence from Listed Companies in the Financial Industry
... the abnormal return of the average stock price of the sample companies is only ...average cumulative abnormal return ...average abnormal returns (1.17%) and significant positive ...
9
Essays on the Chinese and the U.S. Housing Markets
... average cumulative abnormal return (CAR) for real estate firms of about -15% until day 5 (relative to the date of policy announcement), which is an economically meaningful effect and stands up under ...
149
Dividend & Repurchase Disclosures and their Effect on Cumulative Abnormal Returns
... This study attempts to discover differences and similarities between the effect of dividend disclosures and the effect of repurchase disclosures. We explore the relationship between these disclosures and ...
12
Market based Financing Reforms and Shareholder Valuations: Event Study Evidence from the Chinese Science and Technology Innovation Board
... on cumulative abnormal return around policy announcement date for related high-tech firms This table presents the regression explains both 1-day [0,1] and 3-day [0,3] cumulative ...
56
Mutual fund performance: Measurement and evidence
... ex-post abnormal performance than say, decile sorts on the basis of past raw returns (‘hot hands’) or past 4F-alphas, which tend to give at best zero or small positive forward looking values for α 4 f net F , ...
87
Driven to distraction: Extraneous events and underreaction to earnings news
... We examine the effect of the number of related and unrelated announcements on the 2-day announcement cumulative abnormal returns (CAR[0,1]) and the 60-day post-announcement cumulative abnormal ...
42
Short Selling and Price Discovery in Corporate Bonds
... of abnormal stock returns over the future 20 days defined as a raw return minus the return from the corresponding size and book-to-market matching portfolio (annualized and expressed in percentages); ...
80
Short selling and price discovery in corporate bonds
... stock abnormal return on day t defined as a raw return minus the return from the corresponding size and book-to-market ratio matching portfolio (in percent); ); 𝑟𝑒𝑡 𝑏𝑜𝑛𝑑 is annualized bond ...
80
Global Asset Allocation Shifts
... Diversification. Table VII presents regression results for the DIV factor. We find that reallocations by institutional investors related to diversification (and return enhancement) show a significant sensitivity ...
69
ISRA announcement influence on Abnormal Return and Stock Trade Volume
... in abnormal returns before and after the ISRA announcement, while trading volume activity experienced substantial ...in abnormal return, it caused a difference in stock trading ...
12
An Empirical Study on Abnormal Return AroundBuyback Announcements by Indian Firms
... generate return above normal market return for the ...generate return to the equity ...of abnormal return through buyback ...generate abnormal return i.e. return ...
13
Nykyforovych_unc_0153D_17068.pdf
... in abnormal returns and trading volume, others experience significant associations with only one or neither of the above ...in abnormal return volatility or abnormal trading ...significant ...
60
Does relative efficiency matter? An analysis of market uncertainty
... Variable Definition: Return: 12months cumulative monthly stock return, ASPV: Stock Price Volatility, Relative_Effi: Technical efficiency score computed using data envelopment analysis , [r] ...
13
Cross border Acquisitions in a Transition Economy: Recent Experiences of China and India
... above cumulative abnormal returns, this paper investigates three ...the return to an acquirer gaining control of a target in a developed country is significantly ...
28
Overreaction Effect in the Tunisian Stock Market
... average cumulative average market adjusted abnormal returns (ACAR) between the loser and winner portfolios for selected months of the test period are presented in table ...
7
The Effect of Regulation on the Relationship between Earnings and Stock Returns
... earnings; Abnormal Ret are the cumulative raw returns described above less the cumulative returns over the same period to the size decile to which the firm belongs; Earnings are the income before ...
17
Stock Market Reactions to Announcements of Board of Director Appointments: Evidence from Italy
... significant cumulative abnormal ...negative abnormal returns, the authors cannot attribute these results to a single event, and in particular it is not clear which of the events take precedence over ...
31
Stock market reaction to corporate real estate divestitures and acquisitions during the global financial crisis
... Real estate divestitures and acquisitions (D&A) are conducted as part of corporate restructuring. This study aims to fill the knowledge gap on abnormal stock market returns (AR) toward D&A activities ...
7