Bartholdy, Jan; Olson, Dennis; Peare, Paula - In: The European Journal of Finance 13 (2007) 3, pp. 227-252
. The main conclusion is that event studies can be performed provided that certain adjustments are made. First, a minimum of …This paper analyses whether it is possible to perform an event study on a small stock exchange with thinly trade stocks … traded stock groups. Finally, when nonnormality, event induced variance, unknown event day, and problems of very thin trading …