Event Window

CAR

Statistics

P-value

Significant (Under the 5% level)

(−10, 20)

−0.04513

−0.03355

0.486618

Non-significant

0

−0.00118

−0.00487

0.498055

Non-significant

(−1, 0)

−0.00061

−0.00179

0.499288

Non-significant

(0, 1)

−0.00261

−0.00765

0.49695

Non-significant

(−1, 1)

−0.00204

−0.00489

0.49805

Non-significant

(−2, 0)

−0.00886

−0.02118

0.491551

Non-significant

(0, 2)

0.00298

0.00713

0.497156

Non-significant

(−2, 2)

−0.00470

−0.0087

0.496528

Non-significant