Because stock prices are not normally distributed, the power of nonparametric rank tests dominate parametric tests in event study analyses of abnormal returns on a single day. However, problems arise in the application of nonparametric tests to multiple day analyses of cumulative abnormal...

Previous studies find only a weak relationship between inflation news and stock market returns. We show that significant daily market reactions to different types of inflation shocks occur in dynamic economic states. Also, although previous work has not examined longer-run market reactions, our...

In event study analyses of abnormal returns on a single day, Corrado's (1989) nonparametric rank test and its modification in Corrado and Zivney (1992) have good empirical power properties, but problems arise in their application to cumulative abnormal returns (CARs). This paper proposes a...

Social capital covers different characteristics such as social networks, social participation, social support and trust. The aim of this study was to explore which aspects of social capital were predictive of mortality. Criteria for inclusion in the meta-analysis were: population based...