CAR [−1, 1]  CAR [−2, 2]
(A)  (B)
Pseudo_CIPHT  0.000  0.000
(0.358)  (0.225)
PRO_CASE  0.000 ***  0.001 ***
(2.930)  (3.721)
SIZE  −0.000  −0.000
(−0.587)  (−0.978)
ROA  −0.000  −0.000
(−0.986)  (−1.196)
CURR  −0.000 ***  −0.000 ***
(−3.673)  (−4.767)
R&D  0.000 **  0.000 ***
(2.519)  (3.122)
LOSS  −0.001  −0.001 *
(−1.548)  (−1.901)
LEV  −0.000  −0.000
(−1.011)  (−1.132)
OPCF  −0.004 ***  −0.008 ***
(−4.124)  (−5.548)
TURN  0.000  0.000
(0.869)  (1.135)
CEO_AGE  0.000  0.000
(0.134)  (0.078)
CEO_COM  0.000  0.000
(0.240)  (0.301)
CEO_TEN  0.000 ***  0.000 ***
(2.744)  (3.559)
CEO_DUA  −0.000  −0.001
(−1.254)  (−1.576)
Constant  0.002  0.004
(0.597)  (0.820)
Week FE  Yes  Yes
Industry FE  Yes  Yes
Province FE  Yes  Yes
Adjusted R2  0.003  0.005
Observations  178,805  178,805