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AAR rates during the event window. Source: Own elaboration. AAR, average abnormal return.

AAR rates during the event window. Source: Own elaboration. AAR, average abnormal return.

Source publication
Figure 1. Types of restructuring proceedings in Polish law. Source: Own...
Figure 2. Stages of successful composition proceedings. Source: Own...
Figure 3. Graphic representation of the conducted event analysis....
Figure 4. AAR rates during the event window. Source: Own elaboration....
+2 Event analysis results, including AAR values
Stock price reaction to an arrangement approval in restructuring proceedings – the case of Poland
Article
Full-text available
  • Oct 2022
The study aims to empirically analyze the reaction of stock prices to the information about the conclusion and acceptance of a debtor–creditor arrangement under restructuring proceedings of companies listed on the stock exchange in Poland. The following main research hypothesis was verified: public disclosure of information about an arrangement con...
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Context 1
... the increases in the latter case were almost four times lower. A graphic representation of the AAR rate for the three events analyzed in all companies is included in Figure 4. Table 5 presents the analysis results in the context of the CAAR rate. ...

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