Analyzing Event Statistics in Corporate Finance
ISBN:
9781349484812
Auflage:
1st ed. 2015
Verlag:
Palgrave Macmillan US
Land des Verlags:
Vereinigte Staaten
Erscheinungsdatum:
04.02.2015
Format:
Softcover
Seitenanzahl:
197
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Analyzing Event Statistics in Corporate Finance provides new alternative methodologies to increase accuracy when performing statistical tests for event studies within corporate finance. In contrast to conventional surveys or literature reviews, Jeng focuses on various methodological defects or deficiencies that lead to inaccurate empirical results, which ultimately produce bad corporate policies. This work discusses the issues of data collection and structure, the recursive smoothing for systematic components in excess returns, the choices of event windows, different time horizons for the events, and the consequences of applications of different methodologies. In providing improvement for event studies in corporate finance, and based on the fact that changes in parameters for financial time series are common knowledge, a new alternative methodology is developed to extend the conventional
analysis to more robust arguments.
Schlagwörter
Biografische Anmerkung
Jau-Lian Jeng is Professor of Finance at Azusa Pacific University, USA.
The Endogenous Energy-Saving Technological Change in China's Industrial Sector
Erscheinungsjahr:
2023
