entity · derived

Cumulative abnormal return

5 claims across 1 works, 2015–2015.

Derived node: assembled mechanically from the claims carrying cumulative-abnormal-return. A roster, not an adjudicated definition.

Every claim under this term

2629451-017 2015 empirical: Around the DOJ announcement, N/DPA firms show a significant positive cumulative abnormal return trend before day minus five, a significant drop at day minus five, and negative CARs relative to matched
2629451-018 2015 empirical: After the DOJ announcement, competitor firms' cumulative abnormal returns trend negative from day zero to day twenty five while N/DPA firms' CARs continue on a neutral to positive trend.
2629451-021 2015 empirical: Immediately before the N/DPA term becomes effective, from day minus three to day minus one, the market prices the onset of the term as a negative event.
2629451-022 2015 empirical: From the first day of the N/DPA term through day twenty five, the period in which mandated governance improvements are in force, the market prices the N/DPA as a positive event for the firm.
2629451-023 2015 empirical: The sign of the market reaction reverses at the end of the N/DPA term: where the announcement and the start of the term produce positive CARs, the end of the term produces negative CARs at day zero an