Event windows

[−20; 0]

[−10; 0]

[−5; 0]

[−2; 0]

[−1; 0]

{0}

[−1; +1]

[−2; +2]

[−5; +5]

[−10; +10]

[−20; +20]

N

8

8

8

8

8

8

8

8

8

8

8

Min

−7.65%

−4.53%

−1.18%

−0.23%

0.21%

0.35%

−1.49%

0.03%

−2.47%

−9.00%

−5.47%

Max

14.73%

12.59%

9.56%

9.21%

8.81%

10.59%

10.46%

10.70%

9.95%

21.24%

23.34%

SD

7.47%

6.39%

3.78%

3.74%

3.59%

3.80%

4.88%

4.73%

5.00%

9.72%

11.38%

Median

8.71%

6.20%

5.36%

3.49%

3.84%

4.06%

5.23%

2.12%

8.07%

10.59%

8.86%

% > 0

87.50%

75.00%

87.50%

87.50%

100.00%

100.00%

75.00%

100.00%

75.00%

75.00%

75.00%

CAAR

7.08%

5.28%

5.00%

4.12%

4.17%

4.57%

4.91%

4.60%

5.58%

8.60%

9.45%

One Sample t-Test t-Value

2.68

2.34

3.74

3.11

3.29

3.41

2.85

2.75

3.16

2.50

2.35

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Wilcoxon-Signed- Rank-Test T-Value

4

5

1

1

0

0

4

0

3

3

6

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