AKSOY, Mine - In: Ege Academic Review 14 (2014) 1, pp. 31-41
experienced high negative returns, most events do not have statistically significant abnormal returns (ARs) for the event day (t=0 …).For longer event windows, from the event date to 5 days following the event (t= + 5) and from the event date to 10 days … following the event (t= + 10) the cumulative abnormal returns (CARs) are calculated. CARs are higher than the event day ARs for …