메뉴 건너뛰기




Volumn 10, Issue 1, 1997, Pages 1-38

Conditional methods in event studies and an equilibrium justification for standard event-study procedures

Author keywords

[No Author keywords available]

Indexed keywords


EID: 0031539124     PISSN: 08939454     EISSN: None     Source Type: Journal    
DOI: 10.1093/rfs/10.1.1     Document Type: Article
Times cited : (87)

References (33)
  • 1
    • 84977738325 scopus 로고
    • A generalized econometric model and tests of a signalling hypothesis with two discrete signals
    • Acharya, S., 1988, "A Generalized Econometric Model and Tests of a Signalling Hypothesis with Two Discrete Signals," Journal of Finance, 43, 413-29.
    • (1988) Journal of Finance , vol.43 , pp. 413-429
    • Acharya, S.1
  • 2
    • 84993899491 scopus 로고
    • Value of latent information: Alternative event study methods
    • Acharya, S., 1993, "Value of Latent Information: Alternative Event Study Methods", Journal of Finance, 48, 363-85.
    • (1993) Journal of Finance , vol.48 , pp. 363-385
    • Acharya, S.1
  • 3
    • 0000500295 scopus 로고
    • An investigation into the robustness of the tobit estimator to nonnormality
    • Arabmazar, A., and P. Schmidt, 1982, "An Investigation into the Robustness of the Tobit Estimator to Nonnormality," Econometrica, 50, 1055-63.
    • (1982) Econometrica , vol.50 , pp. 1055-1063
    • Arabmazar, A.1    Schmidt, P.2
  • 6
    • 0001684395 scopus 로고    scopus 로고
    • Dividend clienteles and the information content of dividend changes
    • Bajaj, M., and A. Vijh, "Dividend Clienteles and the Information Content of Dividend Changes," Journal of Financial Economics, 26, 193-219.
    • Journal of Financial Economics , vol.26 , pp. 193-219
    • Bajaj, M.1    Vijh, A.2
  • 7
    • 36749092418 scopus 로고
    • Using daily stock returns: The case of event studies
    • Brown, S., and J. Warner, 1985, "Using Daily Stock Returns: The Case of Event Studies," Journal of Financial Economics, 14, 3-31.
    • (1985) Journal of Financial Economics , vol.14 , pp. 3-31
    • Brown, S.1    Warner, J.2
  • 8
    • 21344493516 scopus 로고
    • Partial anticipation, the flow of information and the economic impact of corporate debt sales
    • Chaplinsky, S., and R. S. Hansen, 1993, "Partial Anticipation, the Flow of Information and the Economic Impact of Corporate Debt Sales," Review of Financial Studies, 6, 709-32.
    • (1993) Review of Financial Studies , vol.6 , pp. 709-732
    • Chaplinsky, S.1    Hansen, R.S.2
  • 9
    • 0040790720 scopus 로고
    • Proportional projections in limited dependent variable models
    • Chung, C-F., and A. Goldberger, 1984, "Proportional Projections in Limited Dependent Variable Models," Econometrica, 52, 531-4.
    • (1984) Econometrica , vol.52 , pp. 531-534
    • Chung, C.-F.1    Goldberger, A.2
  • 10
    • 0000755878 scopus 로고
    • Valuation effects of corporate debt offerings
    • Eckbo, E., 1986, "Valuation Effects of Corporate Debt Offerings," Journal of Financial Economics, 15, 119-51.
    • (1986) Journal of Financial Economics , vol.15 , pp. 119-151
    • Eckbo, E.1
  • 11
    • 0001759599 scopus 로고
    • Consistent estimation of cross-sectional models in event-studies
    • Eckbo, E., V. Maksimovic, and J. Williams, 1990, "Consistent Estimation of Cross-Sectional Models in Event-Studies," Review of Financial Studies, 3, 343-65.
    • (1990) Review of Financial Studies , vol.3 , pp. 343-365
    • Eckbo, E.1    Maksimovic, V.2    Williams, J.3
  • 13
    • 28144458045 scopus 로고
    • Linear regression after selection
    • Goldberger, A., 1981, "Linear Regression After Selection," Journal of Econometrics, 15, 357-66.
    • (1981) Journal of Econometrics , vol.15 , pp. 357-366
    • Goldberger, A.1
  • 15
    • 0001301961 scopus 로고
    • Sample selection bias as a specification error: Comment
    • Greene, W., 1981, "Sample Selection Bias as a Specification Error: Comment," Econometrica, 49, 795-8.
    • (1981) Econometrica , vol.49 , pp. 795-798
    • Greene, W.1
  • 17
    • 0000125534 scopus 로고
    • Sample selection bias as a specification error
    • Heckman, J., 1979, "Sample Selection Bias as a Specification Error," Econometrica, 47, 153-61.
    • (1979) Econometrica , vol.47 , pp. 153-161
    • Heckman, J.1
  • 18
    • 0000276545 scopus 로고
    • The effect of information releases on the pricing and timing of equity issues
    • Korajczyk, R., D. Lucas, and R. McDonald, 1991, "The Effect of Information Releases on the Pricing and Timing of Equity Issues," Review of Financial Studies, 4, 685-708.
    • (1991) Review of Financial Studies , vol.4 , pp. 685-708
    • Korajczyk, R.1    Lucas, D.2    McDonald, R.3
  • 19
    • 38249026809 scopus 로고
    • Stock price reactions as surrogates for the net cashflow effects of corporate financial decisions
    • Lanen, W., and R Thompson, 1988, "Stock Price Reactions as Surrogates for the Net Cashflow Effects of Corporate Financial Decisions," Journal of Accounting and Economics, 10, 311-34.
    • (1988) Journal of Accounting and Economics , vol.10 , pp. 311-334
    • Lanen, W.1    Thompson, R.2
  • 20
    • 33747501218 scopus 로고
    • Some approaches to the correction of selectivity bias
    • Lee, L-F., 1982, "Some Approaches to the Correction of Selectivity Bias," Review of Economic Studies, 49, 355-72.
    • (1982) Review of Economic Studies , vol.49 , pp. 355-372
    • Lee, L.-F.1
  • 21
    • 0000756502 scopus 로고
    • Generalized econometric models with selectivity
    • Lee, L-F., 1983, "Generalized Econometric Models with Selectivity," Econometrica, 51, 507-12.
    • (1983) Econometrica , vol.51 , pp. 507-512
    • Lee, L.-F.1
  • 23
    • 0000775214 scopus 로고
    • Partially anticipated events: A model of stock price reactions with an application to corporate acquisitions
    • Malatesta, P., and R. Thompson, 1985, "Partially Anticipated Events: A Model of Stock Price Reactions with an Application to Corporate Acquisitions," Journal of Financial Economics, 14, 237-50.
    • (1985) Journal of Financial Economics , vol.14 , pp. 237-250
    • Malatesta, P.1    Thompson, R.2
  • 25
    • 0000875339 scopus 로고
    • Efficiency of the two-step estimator with endogenous sample selection
    • Nelson, F., 1984, "Efficiency of the Two-Step Estimator with Endogenous Sample Selection," Journal of Econometrics, 24, 181-96.
    • (1984) Journal of Econometrics , vol.24 , pp. 181-196
    • Nelson, F.1
  • 26
    • 0001404321 scopus 로고
    • Semiparametric estimation of selection models: Some empirical results
    • Newey, W., J. Powell, and J. Walker, 1990, "Semiparametric Estimation of Selection Models: Some Empirical Results," American Economic Review, 80, 324-28.
    • (1990) American Economic Review , vol.80 , pp. 324-328
    • Newey, W.1    Powell, J.2    Walker, J.3
  • 27
    • 0001191524 scopus 로고
    • A Monte-Carlo comparison of estimators for censored regression models
    • Paarsch, H., 1984, "A Monte-Carlo Comparison of Estimators for Censored Regression Models," Journal of Econometrics, 24, 197-213.
    • (1984) Journal of Econometrics , vol.24 , pp. 197-213
    • Paarsch, H.1
  • 28
    • 0008301560 scopus 로고
    • Evidence on the capitalized value of merger activity for acquiring firms
    • Schipper, K., and R. Thompson, 1983, "Evidence on the Capitalized Value of Merger Activity for Acquiring Firms," Journal of Financial Economics, 11, 85-119.
    • (1983) Journal of Financial Economics , vol.11 , pp. 85-119
    • Schipper, K.1    Thompson, R.2
  • 29
    • 0000695077 scopus 로고
    • Consistent estimation of scaled coefficients
    • Stoker, T., 1986, "Consistent Estimation of Scaled Coefficients," Econometrica, 54, 1461-81.
    • (1986) Econometrica , vol.54 , pp. 1461-1481
    • Stoker, T.1
  • 30
    • 84974276619 scopus 로고
    • Conditioning the return generating process on firm-specific events: A discussion of event-study methods
    • Thompson, R., 1985, "Conditioning the Return Generating Process on Firm-Specific Events: A Discussion of Event-Study Methods," Journal of Financial and Quantitative Analysis, 20, 151-68.
    • (1985) Journal of Financial and Quantitative Analysis , vol.20 , pp. 151-168
    • Thompson, R.1
  • 31
    • 84974409356 scopus 로고
    • Repurchase tender offers, signalling, and managerial incentives
    • Vermaelen, T., 1984, "Repurchase Tender Offers, Signalling, and Managerial Incentives," Journal of Financial and Quantitative Analysis, 19, 163-81.
    • (1984) Journal of Financial and Quantitative Analysis , vol.19 , pp. 163-181
    • Vermaelen, T.1
  • 32
    • 0000337941 scopus 로고
    • Sample selectivity and the estimation of labor supply functions
    • Wales, T., and A. Woodland, 1980, "Sample Selectivity and the Estimation of Labor Supply Functions," International Economic Review, 21, 437-68.
    • (1980) International Economic Review , vol.21 , pp. 437-468
    • Wales, T.1    Woodland, A.2
  • 33
    • 0019220709 scopus 로고
    • Using least squares to approximate unknown regression functions
    • White, H., 1980, "Using Least Squares to Approximate Unknown Regression Functions," International Economic Review, 21, 149-70.
    • (1980) International Economic Review , vol.21 , pp. 149-170
    • White, H.1


* 이 정보는 Elsevier사의 SCOPUS DB에서 KISTI가 분석하여 추출한 것입니다.