Zeszyty naukowe
Autor: Agnieszka Perepeczo 35
Strony: 35-51
Słowa kluczowe: analiza zdarzenia, dodatkowe stopy zwrotu
Keywords: event study, abnormal returns
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The paper presents the essence of the methodology of event study used in developed markets to evaluate post-acquisition performance based on the market data and to measure market reaction to new information or events following: initial public offerings, seasoned equity offerings, dividend initiations and omissions, earning announcements, proxy fights, stock splits, spinoffs and others. In particular, the paper discusses the issues of abnormal returns and expected return models, presenting also selected examples of abnormal return studies in developed markets. At the end, the author has addressed the issue of contemporary tendencies in the event study methodology.