Sentences with phrase «cumulative abnormal returns»

Figure 1 from the paper shows cumulative abnormal returns around corporate social responsibility engagements (click to enlarge):

However, given that cumulative abnormal returns increase with radicalness during an expansion but decrease with radicalness during a recession, he added, «Banks should time their launch of radical financial innovations to coincide with periods of expansion rather than recessions.»

Cumulative abnormal returns increase with risk in the United States, but they decrease with risk in Western Europe.

Returns were measured as cumulative abnormal returns — the difference between the actual return and expected return — to stock market prices during the event window.

We find a three - month cumulative abnormal return of 48.1 %, which far surpasses other target firm abnormal returns in the takeover literature.