Table 9 Event study results for sectoral... | Emerald Publishing

Table 9

Event study results for sectoral groups

Event windows	Groups	CAAR (%)	Pos/Neg	Cross-sec	Sign t
(−5,5)	Non-fin	3.76	107/81	3.023^***	2.215^**
(−5,5)	Fin	1.07	79/76	1.288	0.990
(−2,2)	Non-fin	3.45	111/77	4.081^***	2.799^***
(−2,2)	Fin	1.69	83/72	2.523^**	1.634
(0,5)	Non-fin	2.33	98/90	2.155^**	0.902
(0,5)	Fin	1.15	81/74	1.773^*	1.312
(0,2)	Non-fin	2.65	104/84	3.279^***	1.778^*
(0,2)	Fin	1.74	83/72	3.270^***	1.634
(−5,−1)	Non-fin	1.43	107/81	3.268^***	2.215^**
(−5,−1)	Fin	−0.07	74/81	−0.177	0.185
(−2,−1)	Non-fin	0.79	115/73	3.418^***	3.383^***
(−2,−1)	Fin	−0.05	73/82	−0.195	0.024

Event windows	Groups	CAAR (%)	Pos/Neg	Cross-sec	Sign t
(−5,5)	Non-fin	3.76	107/81	3.023^***	2.215^**
(−5,5)	Fin	1.07	79/76	1.288	0.990
(−2,2)	Non-fin	3.45	111/77	4.081^***	2.799^***
(−2,2)	Fin	1.69	83/72	2.523^**	1.634
(0,5)	Non-fin	2.33	98/90	2.155^**	0.902
(0,5)	Fin	1.15	81/74	1.773^*	1.312
(0,2)	Non-fin	2.65	104/84	3.279^***	1.778^*
(0,2)	Fin	1.74	83/72	3.270^***	1.634
(−5,−1)	Non-fin	1.43	107/81	3.268^***	2.215^**
(−5,−1)	Fin	−0.07	74/81	−0.177	0.185
(−2,−1)	Non-fin	0.79	115/73	3.418^***	3.383^***
(−2,−1)	Fin	−0.05	73/82	−0.195	0.024