Table 5 Parametric and nonparametric significance tests utilized in this event study analysis
Test type | Test name | References |
|---|---|---|
Parametric | • Patell test | • Patell (1976) |
• Cross-sectional test | • Brown and Warner (1985) | |
• Skewness-corrected test | • Hall (1992) | |
• Crude Dependence adjustment test | • Brown and Warner (1980) | |
Nonparametric | • Generalized rank test | • Cowan (1992) |
• Generalized sign test | • Cowan (1992) |