Cumulative Abnormal Return: A Thorough Guide to Event Studies and Stock Market Reactions
In the world of finance and economics, the concept of Cumulative Abnormal Return (CAR) sits at the intersection of market efficiency, information flow, and investor behaviour. This guide unpacks what CAR means, how it is measured, and why it is a central tool for researchers analysing events such as earnings announcements, mergers and acquisitions, regulatory…
Read more