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OverviewProviding a comprehensive overview of event study methodology in the field of corporate finance, this book discusses how traditional methods verify the significance and insignificance of events in statistical sampling, and emphasize possible deviation from the statistics of interest. However, the author illustrates the flaws of conventional methodology and proposes alternative methods which can be used for a more robust study of estimating normal and abnormal returns. Traditional methods fail to recognize that the importance of an event will also influence the frequency of the occurrence of the event, and consequently they produce subjective sampling results. This book highlights contemporaneous recursive methods which can be used to track down normal returns and avoid arbitrary determination for the estimation and event period. In addition, the author offers an alternative monitoring scheme to identify the events of concern. Addressing a need for more objective sampling methods in corporate finance event studies, this timely book will appeal to students and academics researching financial econometrics and time series analysis, corporate finance and capital markets. Full Product DetailsAuthor: Jau-Lian JengPublisher: Springer Nature Switzerland AG Imprint: Springer Nature Switzerland AG Edition: 1st ed. 2020 Weight: 0.330kg ISBN: 9783030538118ISBN 10: 3030538117 Pages: 227 Publication Date: 05 November 2021 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: Manufactured on demand  We will order this item for you from a manufactured on demand supplier. Table of ContentsIntroduction Part I The Conventional Approach1.Popular Methods for Event Studies in Corporate Finance − Subjectivity versus RobustnessPart II Alternative Approach for the Contemporaneous Event Studies2.Assessments of Normal Returns3. Occupation Time Statistics - The Intensity of Events4.Monitoring Tests and the Time of Duration5.Sequential Monitoring for Corporate Events in using Occupation Time Statistics6.Real-Time Applications of Monitoring and Empirical PerformanceConcluding remarkReviewsAuthor InformationJau-Lian Jeng is Professor of Finance at Azusa Pacific University in the USA. He teaches courses in corporate finance, managerial finance, financial analysis, financial risk management, and applied business research. An expert in mathematical modeling, statistical analyses and econometric and time series modeling, Jau-Lien has written a number of articles for academic journals, including the Global Finance Journal and Chinese Economy. He has also published two books with Palgrave Macmillan: Analyzing Event Studies in Corporate Finance (2015) and Empirical Asset Pricing Models (2018). Tab Content 6Author Website:Countries AvailableAll regions |
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