Event date | Executive departure | Shareholder executive departure | Non-shareholder executive departure | |||
CAR | t | CAR | t | CAR | t | |
t = −10 | −0.0050 | −0.9135 | 0.0005 | 0.1782 | 0.0049 | 0.8054 |
t = −9 | −0.0150 | −1.8886 | 0.0000 | −1.2992 | −0.0140 | −1.7981 |
t = −8 | −0.0186 | −0.5636 | −0.0001 | −1.5523 | −0.0184 | −2.4011 |
t = −7 | −0.0234 | −0.7956 | 0.0001 | −0.9646 | −0.0070 | −0.8284 |
t = −6 | −0.0264 | −0.4395 | 0.0001 | −0.9199 | −0.0035 | −0.3440 |
t = −5 | −0.0200 | 1.4946 | −0.0001 | −1.4193 | −0.0042 | −0.4506 |
t = −4 | −0.0174 | 0.7142 | 0.0000 | −1.2506 | 0.0093 | 1.4170 |
t = −3 | −0.0212 | −0.5879 | 0.0006 | 0.6016 | 0.0045 | 0.7592 |
t = −2 | −0.0245 | −0.5127 | 0.0007 | 0.6889 | −0.0086 | −1.0525 |
t = −1 | −0.0225 | 0.5910 | 0.0007 | 0.8327 | −0.0048 | −0.5266 |
t = 0 | −0.0249 | −0.3010 | 0.0010 | 1.6641 | 0.0018 | 0.3794 |
t = 1 | −0.0336 | −1.6222 | 0.0011 | 1.9398 | 0.0006 | 0.2184 |
t = 2 | −0.0356 | −0.2363 | 0.0007 | 0.7475 | −0.0022 | −0.1712 |
t = 3 | −0.0364 | 0.0261 | 0.0006 | 0.5796 | −0.0005 | 0.0647 |
t = 4 | −0.0332 | 0.8451 | 0.0007 | 0.7023 | −0.0025 | −0.2144 |
t = 5 | −0.0334 | 0.1341 | 0.0007 | 0.7283 | 0.0044 | 0.7455 |
t = 6 | −0.0258 | 1.7479 | 0.0005 | 0.1411 | −0.0007 | 0.0362 |
t = 7 | −0.0198 | 1.4319 | 0.0003 | −0.4613 | 0.0112 | 1.6742 |
t = 8 | −0.0215 | −0.1759 | 0.0003 | −0.3492 | 0.0061 | 0.9784 |
t = 9 | −0.0173 | 1.0518 | 0.0003 | −0.2316 | −0.0022 | −0.1638 |
t = 10 | −0.0326 | 0.7963 | 0.0003 | −0.3561 | 0.0054 | 0.8725 |