Event Day | N = 30 | N = 30 | N = 30 | |||
---|---|---|---|---|---|---|
Panel 1 | Panel 2 | Panel 3 | ||||
AAR (%) | Corrado | AbsAAR (%) | Corrado | AAV (%) | Corrado | |
-2 | − 0.060 | − 0.2674 | 0.073 | 0.7734 | − 2.90 | 0.1427 |
-1 | 0.050 | 0.5784 | − 0.147 | − 0.3867 | − 22.80 | − 1.1558 |
0 | 0.317 | − 0.5037 | 1.901 | 3.9270*** | 93.50 | 2.3924** |
1 | 0.199 | 1.5175 | 0.590 | 1.9894** | 34.90 | 1.6322 |
2 | 0.001 | 0.4664 | 0.016 | − 0.0837 | − 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] | 0.307 | − 0.1113 | 1.828 | 2.4906** | 67.60 | 0.7964 |
[− 1,0] | 0.367 | 0.0528 | 1.754 | 2.5034** | 70.60 | 0.8744 |
[0,1] | 0.515 | 0.7168 | 2.491 | 4.1836*** | 128.40 | 2.8459*** |
[0,2] | 0.517 | 0.8546 | 2.507 | 3.3676*** | 119.90 | 2.1737** |