Event day | Abnormal return | t-statistic | Standardized abnormal return | t-statistic |
−7 | 0.01397 | 0.593029 | 0.043982 | 0.873902 |
−6 | 0.00362 | 0.258940 | 0.27490 | 0.397859 |
−5 | −0.001006 | −0.498045 | −0.04389 | −0.569735 |
−4 | 0.00156 | 0.714690 | 0.01263 | 1.526748 |
−3 | 0.002559 | 0.792832 | 0.11247 | 1.227725 |
−2 | −0.004572 | −1.111311 | −0.095848 | −0.656361 |
−1 | −0.00356 | −1.22945 | −0.13727 | −1.57783 |
0 | −0.00969 | −3.56883*** | −0.24587 | −2.89821*** |
1 | −0.0013 | −0.54812 | −0.05757 | −0.82778 |
2 | −0.001008 | −0.287137 | −0.031124 | −0.391294 |
3 | −0.00087 | −0.28425 | 0.00424 | 0.047283 |
4 | 0.00159 | 0.18940 | 0.00239 | 0.098459 |
5 | 0.059304 | 0.26746 | 0.02954 | 0.039854 |
6 | 0.094323 | 0.67842 | 0.05986 | 0.43875 |
7 | 0.049879 | 0.04987 | 0.03854 | 0.03386 |