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Table 6 Results of regression models with event dummies

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

  1. *p < 0.05, **p < 0.01, ***p < 0.001