FDA approval announcements: Attention-grabbing or event-day misspecification?

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dc.contributor.authorHamill, Philip A.
dc.contributor.authorHutchinson, Mark C.
dc.contributor.authorNguyen, Quang Minh Nhi
dc.contributor.authorMulcahy, Mark
dc.date.accessioned2021-10-14T09:07:43Z
dc.date.available2021-10-14T09:07:43Z
dc.date.issued2018-06-25
dc.date.updated2021-10-13T14:46:50Z
dc.description.abstractThe attention-grabbing hypothesis has been offered as a behavioural explanation for post-event abnormal returns for FDA drug approval announcements for NYSE listed firms. We show that when event-day mis-specification is accounted for, the market reaction is centred on the event-day and that the increase in firm value is driven by after-market-close approval announcements.en
dc.description.statusPeer revieweden
dc.description.versionAccepted Versionen
dc.format.mimetypeapplication/pdfen
dc.identifier.citationHamill, P. A., Hutchinson, M. C., Nguyen, Q. M. N. and Mulcahy, M. (2018) 'FDA approval announcements: attention-grabbing or event-day misspecification?', Economics Letters, 170, pp. 171-174. doi: 10.1016/j.econlet.2018.06.024en
dc.identifier.doi10.1016/j.econlet.2018.06.024en
dc.identifier.endpage174en
dc.identifier.issn0165-1765
dc.identifier.journaltitleEconomics Lettersen
dc.identifier.startpage171en
dc.identifier.urihttps://hdl.handle.net/10468/12099
dc.identifier.volume170en
dc.language.isoenen
dc.publisherElsevier B.V.en
dc.rights© 2018, Elsevier B.V. All rights reserved. This manuscript version is made available under the CC BY-NC-ND 4.0 license.en
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/4.0/en
dc.subjectResearch and Developmenten
dc.subjectFDAen
dc.subjectAttention-grabbingen
dc.subjectPharmaceuticalsen
dc.subjectEvent studyen
dc.titleFDA approval announcements: Attention-grabbing or event-day misspecification?en
dc.typeArticle (peer-reviewed)en
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