Event Studies and the Measurement of Abnormal Returns - Essay Example

Only on StudentShare

Extract of sample
Event Studies and the Measurement of Abnormal Returns

This paper is aimed at identifying the events of stock market and making a case study of one of the events. Many studies were carried out for the events of stock market. Study was made on the influences of stock splits and stock prices by Dolley (1933). Publication of papers in the leading business journals indicate that the event studies were done by Myers (1948), by Barker (1956), (1957), (1958) and by Ashley (1962). Event studies were introduced to the financial experts and managers through two papers first by Ball Brown in 1968 and second by Fama et al in 1969. The methodology of studying events of the capital markets have developed and advanced manifold since then and yet the two papers of Brown and Fama provide the core elements of an event. MacKinlay (1997) The market model developed by Ball Brown and Fama contributed in their success. Their model was patterned after the Capital Asset Pricing Model (CAPM) developed in 1964 by Sharpe. The data from the Center for Research in Security Prices (CRSP) at University of Chicago was used by Ball Brown and Fama which also made it a standard source for research for the entire capital markets. The development of computer hardware and statistical analytical software and its increasing access and usage also played important role in the success of event studies. ...Show more

Summary

Event Studies and the Measurement of Abnormal Returns Introduction Event is the occurrence of any such activity that impacts its environment and triggers many other activities and happenings. It is a continuous process of everybody’s life. Some events are very common such as birth of a child, death of a beloved one, marriage ceremonies, etc…
Author : wolfcoralie
Event Studies and the Measurement of Abnormal Returns essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Event Studies and the Measurement of Abnormal Returns"
with a personal 20% discount.
Grab the best paper

Related Essays

To What Extent are Stock Market Anomalies Evidence of Market Inefficiency
Thus a test was conducted to assess the anomalies of the stock market by Eugene Fama to detect the market inefficiencies. In this study different portfolios were tested resorting to the market capitalization of each market within stipulated time span. However, according to the normality test only 1% significance level was detected.
8 pages (2000 words) Essay
PTSD: Rape Trauma Case Studies in Abnormal Psychology, Chapter 3, p. 31
The symptoms of PTSD that can be diagnosed include the re-experiencing of the real trauma through nightmares, flashbacks, increasing the arousal, and staying away from the stimuli that is linked to the trauma (Burgress, & Holmstrom, 2009). A diagnostic criterion that is formal, demands that the symptoms, and effects last for a period longer than a month (Boeschen, Sales, & Koss, 2008).
6 pages (1500 words) Essay
Measurement
Measurement can be considered to be one of the world’s more practical discoveries and is present in almost everything that individuals involve themselves in (Emerson 46). It also plays a large role in various industries and is an essential part of the calculations that take place in their activities.
4 pages (1000 words) Essay
Analysis impact of firm-specific information on a company's stock returns
In order to conduct such an investigation, the relationship, method of event study, and other key factors will be utilized within this process. Before delving into the research, it is necessary to integrate an understanding of key background information. This includes the background of IHG and a brief statement of four special informational events which will be analyzed.
18 pages (4500 words) Essay
Stock analysis
In order to conduct such a level of investigation, the relationship, method of event study, and other key factors will be utilized within this process. Before delving into the research, it is necessary to integrate an understanding of key background information.
18 pages (4500 words) Essay
International diversification

The author suggests that if an investor purchases some shares in his home country i.e. and also includes in his portfolio a number of shares from international countries like the United States and European countries, the risk associated with both the investments would be different based upon the various political, economic and investment factors.

6 pages (1250 words) Essay
PTSD: Rape Trauma Case Studies in Abnormal Psychology, Chapter 3, p. 31
The symptoms of PTSD that can be diagnosed include the re-experiencing of the real trauma through nightmares, flashbacks, increasing the arousal, and staying away from the stimuli
6 pages (1500 words) Essay
Gender Identify Disorder: Transsexualism Case Studies in Abnormal Psychology, Chapter 15, p. 196
These symptoms are closely related to transsexualism. In some countries, gender dysphoria is described as a mental illness. Gender identity disorder is classified as a medical disorder by DSM-IV-TR and ICD-10-CM. This paper will discuss the gender identity disorder by
6 pages (1500 words) Essay
Measurement
This paper focuses on use of measurements by humans. The paper will discuss history of measuring systems, who invented them, and their importance to engineering and construction. Additionally, how
2 pages (500 words) Essay
Event palnning Case Studies
In the area it is well-known for its branded wide range of product from golf attires, clubs, shoes and accessories. This article aims at evaluating the marketing strategies used in the sale of golf shoes at Windmill Lake Golf club
4 pages (1000 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT