Announcements of withdrawal from South Africa revisited: Making sense of contradictory event study findings

Authors
Meznar, MB Nigh, D Kwok, CCY
Citation
Mb. Meznar et al., Announcements of withdrawal from South Africa revisited: Making sense of contradictory event study findings, ACAD MGMT J, 41(6), 1998, pp. 715-730
Citations number
21
Categorie Soggetti
Management
Journal title
ACADEMY OF MANAGEMENT JOURNAL
ISSN journal
00014273 → ACNP
Volume
41
Issue
6
Year of publication
1998
Pages
715 - 730
Database
ISI
SICI code
0001-4273(199812)41:6<715:AOWFSA>2.0.ZU;2-1
Abstract
This research addressed empirical and conceptual issues raised by McWilliam s and Siegel (1997) in light of the contradictory findings of several recen t event studies dealing with announcements of withdrawal from South Africa. We concluded that the timing of withdrawal announcements is critical to un derstanding their impact and offer several explanations for the conflicting findings.