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indicated by * (5%) and **(1%) just like how All, winners and losers section indicated by * (5%) and **(1%), please help me to inncluded

indicated by * (5%) and **(1%)

just like how All, winners and losers section indicated by * (5%) and **(1%), please help me to inncluded correct asterisks indicating significance levels for the CLNY trading day regression for

a. big

b. small

c. big winner

d.big loser

e.small loser

f. small winner

Stock specification Obs. CLNY trading day event window
[-5,0] [+1,+10] [5,+10]

CLNY event CAARs (t-stats)

All

887

-0.032% -0.361%* -0.393%
(-0.23907) (-2.3113) (-1.8977)
Big

270

-1.125% -1.528% -2.652%
(-5.6130) (-6.5076) (-8.7393)
Small

262

0.389% 0.916% 1.305%
(1.3823) (2.6372) (2.8768)
Winners (>0)

406

-0.830%** -1.066%** -1.896%**
(-4.0479)** (-4.4709) (-6.0359)
Losers (<0)

481

0.642%** 0.233% 0.875%**
(3.8190) (1.1502) (3.3408)
Big winners

168

-1.520% -1.798% -3.318%
(-5.5244) (-6.6645) (-8.8723)
Big losers

102

-0.473% -1.083% -1.556%
(-1.7880) (-2.5023) (-3.1159)
Small winners

100

-0.355% 0.051% -0.304%
(-0.6745) (0.0799) (-0.3690)
Small losers

162

0.848% 1.450% 2.298%
(2.6993) (3.6492) (4.4646)

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