Kho, Bong-Chan (contributor); Lee, Dong (contributor); … - 2000 - [Elektronische Ressource]
the LTCM events. Section 5 concludes.
1. Data and measurement issues.
We use the method of event studies commonly used in … banking index.
Event studies are based on the presumption that the market impounds all the new
information in stock prices … immediately. Because of this presumption, there are two difficulties
with event studies. First, the importance of an event might …