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Patent life span was calculated using the announcement date of related patents.
In the case of SPR announcements, we find that the government's use of this program initiates a short-run market reaction following the announcement date.
Results from the above procedure include stock symbol, announcement date, announcement title in Greek and URL of the announcement.
Third, an ordered probit regression at the announcement date.
Panel B reports the five-day announcement period cumulative abnormal returns (CARs) around the acquisition announcement date.
Second, we analyzed the output effects of tax changes at announcement date, rather than at implementation date.
And the announcement date is Wednesday, October 28 , 2009
Market model parameters are estimated over a (−210, −11) day window relative to the announcement date of the acquisitions.
Our exogenous tax series though fails to pass the ordered probit test at announcement date, see the third row.
Following Fuller et al. (2002), we calculate CARs for the five-day period [−2; +2] around the announcement date.
Relative Deal Size is deal value divided by acquirer market capitalization measured three months before the acquisition announcement date.
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