Table 2 Average of abnormal returns for... | Emerald Publishing

Table 2

Average of abnormal returns for individual shipping SLB announcements

	Estimation window [−255, −6]			Estimation window [−301, −64]
Deal no.	[−1, +1]	[−2, +2]	[−3, +3]	[−1, +1]	[−2, +2]	[−3, +3]
1	0.83%	1.59%	1.19%	0.62%	1.39%	0.99%
2	−0.73%	−0.63%	0.19%	−0.84%	−0.69%	0.12%
3	−0.44%	−0.55%	0.16%	−0.35%	−0.51%	0.20%
4	−0.91%	−0.53%	0.32%	−0.68%	−0.32%	0.54%
5	0.57%	0.46%	0.98%	0.63%	0.43%	0.96%
6	0.40%	−0.11%	−0.05%	0.50%	−0.01%	0.02%
7	1.53%	1.16%	1.19%	1.67%	1.29%	1.31%
8	−2.03%	−1.64%	−1.25%	−1.94%	−1.54%	−1.10%
9	0.09%	0.20%	−0.16%	−0.30%	0.02%	−0.22%
10	−0.39%	−0.39%	−0.48%	−0.38%	−0.37%	−0.45%
11	−0.13%	−0.94%	−0.88%	0.16%	−0.65%	−0.59%
12	−0.17%	−0.48%	−0.20%	0.13%	−0.18%	0.07%
13	1.23%	0.68%	0.70%	1.43%	1.02%	0.99%
14	−1.58%	−1.97%	−0.83%	−1.52%	−1.90%	−0.76%
15	−1.49%	−2.50%	−0.99%	−1.46%	−2.47%	−0.99%

	Estimation window [−255, −6]			Estimation window [−301, −64]
Deal no.	[−1, +1]	[−2, +2]	[−3, +3]	[−1, +1]	[−2, +2]	[−3, +3]
1	0.83%	1.59%	1.19%	0.62%	1.39%	0.99%
2	−0.73%	−0.63%	0.19%	−0.84%	−0.69%	0.12%
3	−0.44%	−0.55%	0.16%	−0.35%	−0.51%	0.20%
4	−0.91%	−0.53%	0.32%	−0.68%	−0.32%	0.54%
5	0.57%	0.46%	0.98%	0.63%	0.43%	0.96%
6	0.40%	−0.11%	−0.05%	0.50%	−0.01%	0.02%
7	1.53%	1.16%	1.19%	1.67%	1.29%	1.31%
8	−2.03%	−1.64%	−1.25%	−1.94%	−1.54%	−1.10%
9	0.09%	0.20%	−0.16%	−0.30%	0.02%	−0.22%
10	−0.39%	−0.39%	−0.48%	−0.38%	−0.37%	−0.45%
11	−0.13%	−0.94%	−0.88%	0.16%	−0.65%	−0.59%
12	−0.17%	−0.48%	−0.20%	0.13%	−0.18%	0.07%
13	1.23%	0.68%	0.70%	1.43%	1.02%	0.99%
14	−1.58%	−1.97%	−0.83%	−1.52%	−1.90%	−0.76%
15	−1.49%	−2.50%	−0.99%	−1.46%	−2.47%	−0.99%

Source(s): Authors’ work