Authors (Year)^a

Period^b

N^c

Interval^d

CAAR^e

Hite/Owers (1983)

1963-1981

123

[−1; 0]

3.30%***

Schipper/Smith (1983)

1963-1981

93

[−1; 0]

2.84%***

Miles/Rosenfeld (1983)

1962-1980

55

[0; +1]

3.34%***

Rosenfeld (1984)

1963-1981

35

[−1; 0]

5.56%***

Allen/Lummer/McConnell/Reed (1995)

1962-1991

94

[−1; 0]

2.15%***

Slovin/Sushka/Ferraro (1995)

1980-1991

37

[0; +1]

1.32%**

Michaely/Shaw (1995)

1981-1988

9

[−2; +2]

4.46%*

Seward/Walsh (1996)

1972-1987

78

[−1; +1]

2.60%***

Johnson/Klein/Thibodeaux (1996)

1975-1988

104

[−1; 0]

3.96%***

Daley/Mehrotra/Sivakumar (1997)

1975-1991

85

[−1; 0]

3.40%***

Mulherin/Boone (2000)

1990-1999

106

[−1; +1]

4.51%***

Chemmanur/Paeglis (2001)

1991-2000

19

[−1; 0]

4.45%***

Burch/Nanda (2003)

1979-1996

106

[−1; 0]

3.70^n.s.

Veld/Veld-Merkoulova (2004)*

1987-2000

156

[−1; +1]

2.62%***

Bühner (2004) *

1991-2001

39

[−1; +1]

2.27%***

Rüdisüli (2005)*

1990-2003

189

[−1; +1]

2.80%***

McNeil/Moore (2005)

1980-1996

153

[−1; +1]

3.53%***

Sudarsanam/Qian (2007)*

1987-2005

157

[−1; +1]

4.82%***

Vollmar (2014) *

2000-2012

83

[−1; +1]

4.58%***

Prezas/Simonyan (2015)

1980-2011

378

[−1; +1]

4.40%***

Kumpfmüller (2018) *

2000-2016

101

[−1; +1]

3.23%***