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Cumulative abnormal return
(redirected from Cumulative abnormal return (CAR))

   Also found in: Wikipedia 0.07 sec.
Cumulative abnormal return (CAR)
Sum of the differences between the expected return on a stock (systematic risk multiplied by the realized market return) and the actual return often used to evaluate the impact of news on a stock price.

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2]) to form a conventional Cumulative Abnormal Return (CAR) for the period:
Brown and da Silva Rosa (1997b) find that 1,371 ASX-listed target firms earned a mean cumulative abnormal return (CAR) of -23.
These results were reproduced in tables 4 and 5 where differences in cumulative abnormal return (CAR) over three event periods were estimated.
 
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