Figure 2
A line graph showing AAR and CAAR over a 3-day event window. The x-axis represents event days ranging from minus 1 to 1. The y-axis represents percentage values ranging from minus 1 to 3. The blue line represents AAR, starting at 0.764 percent on day minus 1, peaking at 1.932 percent on day 0, and ending at minus 0.468 percent on day 1. The red line represents CAAR, starting at 0.764 percent on day minus 1, peaking at 2.697 percent on day 0, and ending at 2.229 percent on day 1. All values are approximated.AAR and CAAR (in %) for BSE CAPINS. Source(s): Authors’ calculation