cumulative abnormal returns
Effect of Capital Structure on Cumulative Abnormal Returns in the Companies Listed in T.S.E
... on cumulative abnormal returns so we can conclude that financial leverage factor did not influence abnormality ...on cumulative abnormal ...on cumulative abnormal ...been ...
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Deviation from Optimal Level of Cash Holdings and Cumulative Abnormal Returns
... research cumulative abnormal returns are used to estimate future ...accumulative abnormal return (CAR) model is ...accumulative abnormal return is a criterion that used to measure ...
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Dividend & Repurchase Disclosures and their Effect on Cumulative Abnormal Returns
... found returns in the month of announcement and the dividend change to be significantly positively related with the exception of initial dividend ...day abnormal returns to be related to dividend ...
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The impact of the global financial crisis on the comparative value relevance of GAAP versus non GAAP earnings
... I adopt the Ohison 1995; 1999 valuation model to test value relevance and a cumulative abnormal returns model to test the information content of these alternative earnings measures.. I s[r] ...
307
Stock Market Reactions to Announcements of Board of Director Appointments: Evidence from Italy
... Farrell and Hersch (2005) examined 111 appointments of only women directors for the US during the period 1990-1999 and found no significant reaction by the stock market. By contrast, Kang, Ding and Charoenwong (2010) ...
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Stock Price Response to Earnings Announcements: Evidence from the Nigerian Stock Market
... Using event study methodology, our results suggest that all the cumulative abnormal returns (CARs) before the announcement day are significantly different from zero (0) and negative. This result ...
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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 ...
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The Effect of Regulation on the Relationship between Earnings and Stock Returns
... market returns and the evolution of this relation through ...the cumulative abnormal returns of each portfolio in event time relative the earnings announcement month, beginning 11 months prior ...
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Respond of cement industry during long (azadi) march an event study in pakistan scenario
... The data of daily share prices of the top 14 companies of the cement industries have been gathered by developing the event windows from 4 th August, 2014 to 30 th December, 2014. The data of daily KSE index has also been ...
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Cross border Acquisitions in a Transition Economy: Recent Experiences of China and India
... The third empirical analysis focuses on types of acquirers that bring high cumulative abnormal returns. Existing literature on this issue relates to those mentioned in the previous section. Lang et ...
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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 ...
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U S bank M&As in the post Dodd Frank Act era: Do they create value?
... firms’ cumulative abnormal returns (CARs) for a sample of 640 completed bank mergers announced between 1990 and ...respectively. Abnormal returns are estimated using the market model ...
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Stock Price Reactions on NASDAQ Stock Exchange for Special Dividend Announcements
... Table 5 shows cumulative abnormal returns of stocks for five corporations. At the top CARs prior to announcement date are stated. The results show that the firms experienced negative not ...
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A Legal and Economic Assessment of European Takeover Regulation. CEPS Paperbacks. December 2012
... ECONOMETRIC ANALYSIS Variables Sub-indices d = deals c = country t = time Dependent variable — Cumulative Abnormal Returns -41, 41 event window Independent variables — Rank value size in[r] ...
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Two essays on the predictability of asset prices: "Benchmarking problems and long horizon abnormal returns" and, "Low R square in the cross section of expected returns"
... equity returns from the Center for Research in Securities Prices (CRSP) from January 1927 through December ...mean cumulative abnormal returns over 12, 36, 60 month ...
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The Impact of Match-Fixing Scandals on the Stock Returns of Parent Companies and Sponsors: Evidence from Chinese Professional Baseball League In Taiwan
... the cumulative abnormal returns of small economic entities are more significant than those of large economic entities, but the effect was not significant for the Winter ...
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The Market Reaction To Stock Splits Used as Dividends
... positive cumulative abnormal ...positive abnormal re- turns around the announcement shows that stock splits are welcomed by participants in the stock ...that abnormal returns mostly ap- ...
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Determinants and financial consequences of the method of payment in corporate acquisitions
... Cumulative abnormal returns to bidders over the period -40 to -1 days by the method of payment Pairwise comparison of the bidder's abnormal return over the period -40 to -1 days for diff[r] ...
378
Conference proceedings 2010
... Using the Cumulative Abnormal Returns CARs Model, the authors declare, after examining the share returns performance in the three-year holding periods following the completion of spin-of[r] ...
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The economic cost of terrorism and natural disasters: A deeper analysis of the financial market markets of Pakistan
... These empirical findings show that as compared to the market and banking sectors, the insurance sector shows a significant negative effect in response of the happening of events on the event day. This is because ...
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