kaal:claim:2629451-004

There is no systematic price momentum beyond the three core N/DPA event dates, which the authors read as evidence that the market is reasonably efficient with respect to N/DPA information.

Source quote, verbatim

We observe no systematic price momentum beyond the three core dates identified in our study, implying that the market is reasonably efficient with respect to information about N/DPAs.

From

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015), Abstract, p. 2
https://ssrn.com/abstract=2629451 · source PDF

Cite as

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015). SSRN: https://ssrn.com/abstract=2629451

Holds when

information about N/DPAs specifically
sample of publicly traded N/DPA firms, 1993 to 2015

Classification

empiricalsupport: evidencedeconomicsresearch-methods

Verify

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Attestation record: colloquium/attestations/417bedcd10a0dc90...json
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