Parametric and non-parametric test results- BSE CAPINS
| Event window | CAAR (%) | Parametric test | Non-parametric test | |
|---|---|---|---|---|
| (−1, +1) | 2.229 | CAAR test statistic | Brown and Warner’s (1980) adjusted t-statistic | Generalised sign test-statistic |
| 2.879*** | 1.474 | 2.858*** | ||
| Event window | CAAR (%) | Parametric test | Non-parametric test | |
|---|---|---|---|---|
| (−1, +1) | 2.229 | CAAR test statistic | Generalised sign test-statistic | |
| 2.879*** | 1.474 | 2.858*** | ||
Note(s): *** indicates statistical significance at the 0.01 level
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