Is the event study methodology useful for merger analysis? A comparison of stock market and accounting data Article (Accepted for Publication) (Refereed)

This paper examines properties of daily stock returns and how the particular characteristics of these data affect event study methodologies. Daily data generally present few difficulties for event studies. Standard procedures are typically well-specified even when special daily data characteris

A number of studies have documented that the classical event study methodology exhibits a bias toward detecting “effects, ” irrespective of whether such effects actually exist. 1 This paper addresses this bias by presenting a new methodology that explicitly incorporates stochastic

perspective, event studies are used to back-test price data to determine the usefulness and reliability of trading strategies. Event study methodology is the set of

This paper connects three subjects related to international financial markets-- (i) information asymmetry, (ii) market segmentation, and (iii) cross-listings-- and highlights their implication for event study methodology. When firms list equities on more than one exchange, and the exchanges

Organizational researchers are increasingly using the event study methodology to assess the effect of strategic decisions on firm performance. Unfortunately, event studies alone are inadequate because, at best, they provide estimates of the short-run impact on shareholders only and not on other

Economic reforms of 1990 lead to liberal policies and economic progress of several sectors in India. Along with other sectors, Indian banking industry thrived under strict surveillance of Reserve Bank of India. Indian Banking industry is governed by the Banking Regulation Act of India (1949). According to an IBA-FICCI-BCG report, India’s gross domestic product (GDP) growth will make the Indian banking industry the third largest in the world by 2025. According to the report, the domestic banking industry is set for an

. The methodology is founded on the view of a system as a computational organisation consisting of various interacting roles. We illustrate the methodology through a case study (an agent-based business process management system).

The SPLASH-2 suite of parallel applications has recently been released to facilitate the study of centralized and distributed shared-address-space multiprocessors. In this context, this paper has two goals. One is to quantitatively characterize the SPLASH-2 programs in terms of fundamental

Two studies investigated the tendency of people to be unrealistically optimistic about future life events. In Study 1, 258 college students estimated how much their own chances of experiencing 42 events differed from the chances of their classmates. Overall, they rated their own chances