Gregoriou, Andros - In: Applied Economics Letters 21 (2014) 15, pp. 1054-1056
studies, we correct the critical values of the standard event study market model using a wild-bootstrap technique. Our …We explore stock price effects following index additions to the Hang Seng Stock Index (HSI). Unlike previous event … exist. This demonstrates the importance of correcting event study methodology for nonnormality of residuals, when …