Glossary of economics research
Results of search for CAR follow:
CAR:
stands for Cumulative Average Return.
A portfolio's abnormal return (AR) at each time is ARt=Sum
from i=1 to N of each arit/N. Here arit is the abnormal
return at time t of security i.
Over a window from t=1 to T, the CAR is the sum of all the ARs.
Contexts: finance
Back to top