Event studies in management research: Theoretical and empirical issues

Abagail Mcwilliams, Donald Siegel

Research output: Contribution to journalReview article

837 Citations (Scopus)

Abstract

We examined the use of event studies in management research and found that there was inadequate attention paid to theoretical and research design issues. This lack of attention may lead to false inferences regarding the significance of the events and the validity of the theories being tested. To illustrate the extent of this problem, we attempted to replicate three recent studies. To guide authors and reviewers, we outline procedures for appropriate use of the event study method.

Original languageEnglish (US)
Pages (from-to)626-657
Number of pages32
JournalAcademy of Management Journal
Volume40
Issue number3
DOIs
StatePublished - Jan 1 1997

Fingerprint

Event study
Management research
Research design
Inference

ASJC Scopus subject areas

  • Business and International Management
  • Business, Management and Accounting(all)
  • Strategy and Management
  • Management of Technology and Innovation

Cite this

Event studies in management research : Theoretical and empirical issues. / Mcwilliams, Abagail; Siegel, Donald.

In: Academy of Management Journal, Vol. 40, No. 3, 01.01.1997, p. 626-657.

Research output: Contribution to journalReview article

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