Contemporaneous Event Studies in Corporate Finance - Methods, Critiques and Robust Alternative Approaches (Paperback, 1st ed. 2020)

Providing a comprehensive overview of event study methodology in the field of corporate finance, this book discusses how traditional methods verify the significance and insignificance of events in statistical sampling, and emphasize possible deviation from the statistics of interest. However, the author illustrates the flaws of conventional methodology and proposes alternative methods which can be used for a more robust study of estimating normal and abnormal returns. Traditional methods fail to recognize that the importance of an event will also influence the frequency of the occurrence of the event, and consequently they produce subjective sampling results. This book highlights contemporaneous recursive methods which can be used to track down normal returns and avoid arbitrary determination for the estimation and event period. In addition, the author offers an alternative monitoring scheme to identify the events of concern. Addressing a need for more objective sampling methods in corporate finance event studies, this timely book will appeal to students and academics researching financial econometrics and time series analysis, corporate finance and capital markets.

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Release date:	November 2021
First published:	2020
Authors:	Jau-Lian Jeng
Dimensions:	210 x 148mm (L x W)
Format:	Paperback
Pages:	227
Edition:	1st ed. 2020
ISBN-13:	978-3-03-053811-8
Categories:	Books > Business & Economics > Finance & accounting > Finance > Corporate finance Books > Money & Finance > Corporate finance
LSN:	3-03-053811-7
Barcode:	9783030538118

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