BOTIKA, Marianna - In: Timisoara Journal of Economics 5 (2012) 17, pp. 96-118
research is based on event study methodology. The author paid careful attention to data selection, correct methodology approach … other events which can influence the analyzed data. Optimal window length was established for 21 day: 10 days before, event … associated with this event is about 1.5%. The overall market behavior may be viewed as semi-strong efficient behavior. The paper …