Skip to main content

Table 3 Test for significance of CAR: Robustness of the event date

From: Chinese shareholders’ reaction to the disclosure of environmental violations: a CSR perspective

Event date Estimation window Event window Average P value
event_date_n (−180,-30) (−1,1) −0.903% 0.041**
event_date_h (−180,-30) (−1,1) −0.764% 0.081*
  1. ***p ≤ 0.01, **p ≤ 0 .05, *p ≤ 0.1, two tailed test