Event Day | N = 30 | N = 30 | N = 30 | |||
---|---|---|---|---|---|---|
Panel 1 | Panel 2 | Panel 3 | ||||
AAR (%) | Corrado | AbsAAR (%) | Corrado | AAV (%) | Corrado | |
− 2 | − 0.053 | − 0.0696 | 0.145 | 0.7698 | − 2.90 | 0.1427 |
− 1 | 0.051 | 0.5567 | − 0.128 | − 0.2063 | − 22.80 | − 1.1558 |
0 | 1.330 | 1.4653 | 1.990 | 3.5355*** | 93.50 | 2.3924** |
1 | 0.665 | 2.0181** | 0.418 | 1.6309 | 34.90 | 1.6322 |
2 | − 0.503 | − 1.1521 | 0.160 | 1.0238 | − 8.40 | − 0.2597 |
Period | N = 30 | N = 30 | N = 30 | |||
---|---|---|---|---|---|---|
Panel 1 | Panel 2 | Panel 3 | ||||
CAAR (%) | Corrado | CAbsAAR (%) | Corrado | CAAV (%) | Corrado | |
[− 2,0] | 1.328 | 1.1272 | 2.007 | 2.3666** | 67.60 | 0.7964 |
[− 1,0] | 1.381 | 1.4297 | 1.862 | 2.3541** | 70.60 | 0.8744 |
[0,1] | 1.995 | 2.4631** | 2.408 | 3.6532*** | 128.40 | 2.8459*** |
[0,2] | 1.491 | 1.3460 | 2.568 | 3.5739*** | 119.90 | 2.1737** |