Author, as appears in the article.: Martinez-Blasco, M; Serrano, V; Prior, F; Cuadros, J
Department: Pedagogia
URV's Author/s: Serrano Molinero, Vanesa Maria
Keywords: Teaching innovation Spreadsheet R programming language Markets Financial education Fama–french five-factor model Fama-french five-factor model Event study Daily stock returns
Abstract: The current financial education framework has an increasing need to introduce tools that facilitate the application of theoretical models to real-world data and contexts. However, only a limited number of free tools are available for this purpose. Given this lack of tools, the present study provides two approaches to facilitate the implementation of an event study. The first approach consists of a set of MS Excel files based on the Fama-French five-factor model, which allows the application of the event study methodology in a semi-automatic manner. The second approach is an open-source R-programmed tool through which results can be obtained in the context of an event study without the need for programming knowledge. This tool widens the calculus possibilities provided by the first approach and offers the option to apply not only the Fama-French five-factor model but also other models that are common in the financial literature. It is a user-friendly tool that enables reproducibility of the analysis and ensures that the calculations are free of manipulation errors. Both approaches are freely available and ready-to-use.
Thematic Areas: Social sciences, mathematical methods Management of technology and innovation Finance Engenharias iii Ciencias sociales Business, finance
licence for use: https://creativecommons.org/licenses/by/3.0/es/
Author's mail: vanessa.serrano@urv.cat
Author identifier: 0000-0001-6572-0680
Record's date: 2024-06-28
Papper version: info:eu-repo/semantics/publishedVersion
Link to the original source: https://pubmed.ncbi.nlm.nih.gov/37063168/
Papper original source: Financial Innovation. 9 (1): 76-
APA: Martinez-Blasco, M; Serrano, V; Prior, F; Cuadros, J (2023). Analysis of an event study using the Fama-French five-factor model: teaching approaches including spreadsheets and the R programming language. Financial Innovation, 9(1), 76-. DOI: 10.1186/s40854-023-00477-3
Licence document URL: https://repositori.urv.cat/ca/proteccio-de-dades/
Article's DOI: 10.1186/s40854-023-00477-3
Entity: Universitat Rovira i Virgili
Journal publication year: 2023
Publication Type: Journal Publications
Repositori URV