Barber and Lyon (1996a) and Kothari and Warner (1996) document conventional tests of long-run abnormal returns are misspecified. In this research, we propose al

Barber and Lyon (1997a) and Kothari and Warner (1997) document that standard tests of long-run abnormal returns are misspecified. In this research, we evaluate

This paper proposes a novel standardized test for abnormal returns in long-horizon event studies that takes into account cross-sectional correlation, autocorrel

This study empirically examines the issue of long-horizon security price performance in the Canadian equity market. It analyses the empirical power and specific

In this research we study the specification and the power of classic test statistics used in long-term event studies analysis. Using simulations in random sampl