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 |