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Further evidence on long-run abnormal returns after corporate events

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Further evidence on long-run abnormal returns after corporate events

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Electronic copy available at: https://ssrn.com/abstract=3264757

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0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel A: M&A

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel B: IPO

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel C: SEO

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel D: DIV

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel E: REP

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel F: SPLTA

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel G: SPLT

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel H: RSPLT

Event month

ASR

+/−2 se

Electronic copy available at: https://ssrn.com/abstract=3264757

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0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel A: M&A

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel B: IPO

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel C: SEO

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel D: DIV

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel E: REP

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel F: SPLTA

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel G: SPLT

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel H: RSPLT

Event month

ASR

+/−2 se

Electronic copy available at: https://ssrn.com/abstract=3264757

(50)

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel A: M&A

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel B: IPO

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel C: SEO

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel D: DIV

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel E: REP

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel F: SPLTA

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel G: SPLT

Event month

ASR

+/−2 se

0 10 20 30 40 50 60

−0.3−0.10.10.3

Panel H: RSPLT

Event month

ASR

+/−2 se

Electronic copy available at: https://ssrn.com/abstract=3264757

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