eventstudy2: How to read carfile

[Phil Bach]

Dear Forum,

I am currently using eventstudy2 for conducting my research. I am trying to figure out how I can interpret the CAARs given in the carfile but I couldn't find anything neither in the helpfile nor in the official stata journal article of Mr. Kaspereit.

Does this CAAR corresponds to -0.29668% (which I strongly would infer) or is it already stated in percent, i.e. -0.0029668%?

Sorry for this kind beginner question, I am new in using Stata and eventstudy2.

Thank you very much in advance!

[George Ford]

it would depend on how you've specified the return (did you multiply by 100?). If not, then you are correct in your interpretation.

[Phil Bach]

Hi George,

I calulated simple returns, i.e. (P1/P0)-1. So it should be -0,29668%.

Thank you very much!