From: Effect of blockchain technology initiatives on firms’ market value
Day − 1 | Day 0 | Day 1 | [Days − 1 and 0] | [Days 0 and 1] | [Days − 1 to 1] | |
---|---|---|---|---|---|---|
Market returns | 1.01*** (0.03) | 1.01*** (0.03) | 1.01*** (0.03) | 1.01*** (0.03) | 1.01*** (0.03) | 1.01*** (0.03) |
Event dummy | − 0.01* (0.01) | 0.08* (0.03) | − 0.01 (0.01) | 0.03* (0.02) | 0.04* (0.01) | 0.02* (0.01) |
N | 136,976 | 136,976 | 136,976 | 136,976 | 136,976 | 136,976 |
Entities | 67 | 67 | 67 | 67 | 67 | 67 |
R2 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |
\({\text{R}}^{2}\) Between | 0.25 | 0.25 | 0.25 | 0.25 | 0.25 | 0.26 |
\({\text{R}}^{2}\) Within | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 |