Global ETD Search
Search theses and dissertations gathered from participating repositories worldwide. Every result links back to the library that holds it. No account is needed.
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Showing 1 to 13 of 13 for “"cumulative abnormal return"”.
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An Integrative Approach for Examining the Determinants of Abnormal Returns: The Cases of Internet Security Breach and Ecommerce Initiative
… Capital market reaction is assessed based on cumulative abnormal return (sum of abnormal returns over the event window). In this study, the event study methodology is used to assess the impact that two important information technology activities, Internet security breach and ecommerce …
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An investigation into the association between accounting variables and stock market returns: the Mexican case
… between accounting variables and stock market returns in a Mexican context. Security price research refers to such statistical dependence as "information content." In order to satisfy the above objective, three different abnormal performance indexes were used and the following hypothesis were …
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Analisis reaksi pasar modal terhadap peristiwa penerbitan sukuk dan obligasi korporasi: Event Study pada perusahaan yang melakukan pengumuman penerbitan sukuk dan obligasi korporasi secara bersamaan di BEI periode 2012-2014
… Reaksi pasar dapat diukur dengan perubahan cumulative abnormal return dan trading volume activity saham baik pada periode sebelum, saat, dan setelah pengumuman sehingga investor dapat menggunakan informasi tersebut untuk pengambilan keputusan investasinya. Penelitian ini merupakan penelitian …
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Short and long term performance of Canadian TSE-listed acquirers
… of Canadian TSE-listed acquirers. The cumulative abnormal return (CAR) and the buy-and-hold abnormal return (BHAR) methods were use for the short- and the long-term studies respectively. In the short-run study, using the dummy variable method, we test three event windows: (-4; 0), (-1, …
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The aftermarket performance of Chinese a share IPOs
This study investigates the initial returns and the long run returns ( for up to 3 years) of 328 new issues listed on the Shanghai Stock Exchange and Shenzhen Stock Exchange from 1 January 1997 to 31 May 1999. The average market-adjusted initial return of our study sample is 135.44 percent, …
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Essays on Financial Markets
… other index firms experience a negative 1.2% cumulative abnormal return. These returns fall by a further 10-15 basis points for each credit index inclusion.
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Influences of Product Concept Demonstrations in Trade Shows: Two Essays
… product concept demonstrations in trade shows on abnormal stock returns and risks. My investigation has two interconnected parts: (1) analysis of the firms' decision on how many concepts to demonstrate and what would be the concept mix; and (2) analysis of investor reactions to the demonstration …
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THREE ESSAYS ON MEASURING PRODUCT PLACEMENT EFFECTIVENESS IN MOVIES: ECONOMIC WORTH, FORGETTING AND ATTITUDE TOWARD NEGATIVE PLACEMENTS
… shows that product placements generate a mean cumulative abnormal return of 0.21% during the (-1, +2) event window. Hierarchical linear modeling of the abnormal returns in cross-sectional analysis indicates that placement duration positively impacts the abnormal returns. Placement blatancy was …
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Essays on the Chinese and the U.S. Housing Markets
… Kong stock exchanges suffered an average of -15% cumulative abnormal return (CAR) in a short event window around the policy announcement. This loss in firm value indicates that the policy intervention is well-received by the market. Transaction volumes are likely to decline in the short run and …
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Essays in macroeconomics and finance
… Treasury Secretary in November 2008 produced a cumulative abnormal return for financial firms with which he had a personal connection. This return was around 15 percent from day 0 through day 10, relative to other comparable financial firms. This result holds across a range of robustness checks …
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Essays on Sell-Side Analysts
… is prevalent in 17% of the reports. The cumulative abnormal return (CAR) for reports containing discovery are 6.3% for upgrades and -10.6% for downgrades. The CARs are higher for reports containing discovery relative to those containing interpretation or timing. We find that economic …
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Essays in empirical corporate finance and banking
… I show when asymmetry in information increases, cumulative abnormal return is positive around the date of equity issuance and is larger for stocks which lost analyst coverage relative to the control group of stocks. Besides, affected stocks issue more equity after the merger event comparing to …
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Three Essays in Empirical Asset Pricing
The financial crisis of 2007-2008 led to extraordinary government intervention in firms and markets. The scope and depth of government action rivaled that of the Great Depression. Many traded markets experienced dramatic declines in liquidity leading to the existence of conditions normally assumed …