Variable code | Variable explanation | Variable evaluation |
CAR | Cumulative abnormal return | Cumulative abnormal return of the event window (−10, 10) |
UE | Unexpected earning | (Earnings per share 2010 − Earnings per share 2009)/ Stock price of 1day before the event window 2010 |
CSR | The disclosure of SCR Report | If the sample disclosed SCR Report, CSR = 1; otherwise, CSR = 0 |
EPS | Earnings per share | Earnings per share 2009/Stock price of 1day before the event window 2009 |