Event studies are used to evaluate the economic impact of events of interest, using abnormal stock returns.

Question:

Event studies are used to evaluate the economic impact of events of interest, using abnormal stock returns. Such studies usually show that there is some leakage of inside information to some market participants before the public announcement date. Therefore, insiders do seem to be able to exploit their access to information to at least a limited extent. PLI9

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

ISE Investments

ISBN: 9781266085963

13th International Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

Question Posted: