Discuss the difference between event time and calendar time

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Reference no: EM133334507

Topic: CAPITAL MARKET RESEARCH

Questions:

  1. Discuss the difference between event time and calendar time.
  2. What is the motivation behind the Ball and Brown study of 1968?
  3. Discuss the main findings of the study and illustrate it using the famous crocodile jaw graph.
  4. Why does the graph resemble like a ghost after the profit announcement. Locate it on the graph.
  5. What would the graph look like in a developing country with a thin trading problem and why?
  6. How would continuous disclosure alter the graph as in question 5? Why are continuous disclosure needed for small / new capital markets?

 

Reference no: EM133334507

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