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AAR & CAAR (Solution)
AAR & CAAR (Solution)
AAR & CAAR (Solution)
SAAR 0.0090
BFX GDAXI
AAR t-Value Decision
bnormal Returns (AR)
0.00530748 -0.02115048 -0.01011323 -1.12222754 Not Significant
-0.00462589 0.00978021 0.00569131 0.63154361 Not Significant
0.00705559 0.01434834 0.01153009 1.27945129 Not Significant
0.00124751 -0.03571398 -0.02365121 -2.62448716 Significant
0.00167414 -0.00720684 -0.00197727 -0.21940985 Not Significant
0.00027547 0.00865400 0.00488132 0.54166252 Not Significant
0.00251941 0.01271649 0.01045217 1.15983832 Not Significant
0.00781958 0.00735975 0.00917895 1.01855468 Not Significant
-0.00037236 0.02332556 -0.00320309 -0.35543489 Not Significant
-0.00374410 -0.00860761 0.00741188 0.82246848 Not Significant
0.00007118 0.00141684 -0.00376443 -0.41772451 Not Significant
0.0074
0.0037
CAAR t-Value Decision
-0.01011323 -1.58530223 Not Significant
-0.00442192 -0.69315918 Not Significant
0.00710817 1.11424342 Not Significant
-0.01654304 -2.59320913 Significant
-0.01852030 -2.90315601 Significant
-0.01363898 -2.13798248 Significant
-0.00318681 -0.49954981 Not Significant
0.00599214 0.93930012 Not Significant
0.00278905 0.43719898 Not Significant
0.01020093 1.59904991 Not Significant
0.00643650 1.00895604 Not Significant
(CARi - CAAR)2
1.54495E-05
2.85869E-05
1.16456E-04
2.29290E-06
0.0064