Event study results for market sentiment groups
| ALL_Bullish | ALL_Bearish | DIV_Bullish | DIV_Bearish | IR_Bullish | IR_Bearish | |
|---|---|---|---|---|---|---|
| CAAR (0,2) | 2.13% | 2.36% | 0.03% | 0.07% | 3.76% | 3.61% |
| Cross-sec | 3.023*** | 3.258*** | 0.066 | 1.385 | 3.238*** | 3.014*** |
| Sign | 0.859 | 2.604*** | −1.1847 | 0.3475 | 2.188** | 3.150*** |
| N | 181 | 162 | 79 | 70 | 102 | 92 |
| ALL_Bullish | ALL_Bearish | DIV_Bullish | DIV_Bearish | IR_Bullish | IR_Bearish | |
|---|---|---|---|---|---|---|
| CAAR (0,2) | 2.13% | 2.36% | 0.03% | 0.07% | 3.76% | 3.61% |
| Cross-sec | 3.023*** | 3.258*** | 0.066 | 1.385 | 3.238*** | 3.014*** |
| Sign | 0.859 | 2.604*** | −1.1847 | 0.3475 | 2.188** | 3.150*** |
| 181 | 162 | 79 | 70 | 102 | 92 |
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