Acceso usuarios
Thomas Kaspereit
In this article, I provide an overview of existing community-contributedcommands for executing event studies. I assess which command could have been used to conduct event studies that have appeared in the past 10 years in 3 leading accounting, finance, and management journals. The older command eventstudy provides a comfortable graphical user interface and good functionality for event studies that do not require hypotheses testing. The command estudy, described in Pacicco, Vena, and Venegoni (2018, Stata Journal 18: 461–476; 2021, StataJournal 21: 141–151), provides a set of commonly applied test statistics and useful exporting routines to spreadsheet software and LATEX for event studies with alimited number of events. The most complete command in terms of available test statistics and benchmark models as well as its ability to handle events with insufficient data, thin trading, and large samples is eventstudy2.
