Suppose that you do an event study on the effects of extra dividend payout announcement...
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Finance
Suppose that you do an event study on the effects of extra dividend payout announcement on firm values, you include 20 firms in your sample. What does the null hypothesis 0:(1,2)=0H0:CAR(s1,s2)=0 mean? ( (s1, s2) is from the event window)
Select one:
a)
It means that extra dividend payout announcements have significant effects on one firm.
b)
It means that extra dividend payout announcements have no effects at all on firm values in general.
c)
It means that extra dividend payout announcements have no effects on one firm.
d)
It means that extra dividend payout announcements have significant effects on firm values in general.
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