kaal:claim:2629451-013

The date of the DOJ press release announcing execution is the only reliable announcement date for an N/DPA, so it is the defensible event date for measuring market reaction.

Source quote, verbatim

The only reliable N/DPA announcement date is the date of the DOJ press release pertaining to the execution of the respective NDPA - ANDPAE.

From

Wulf A. Kaal, Timothy Lacine, Stock Price Response to Non- and Deferred Prosecution Agreements (2015), IV. Univariate Analyses, p. 8
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

press release generally issued on the day the agreement is signed for NPAs or filed with the court for DPAs

Classification

definitionalsupport: arguedresearch-methods

Verify

The quote above is an exact substring of the source PDF, whose sha256 is 507404d641abb922ab6d8e3a0b032e35ead2befd7b88746d09d178a8fa816957. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/6aef69f6deeb4f24...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2629451-013.md | sha256sum