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University of Ljubljana

Summer School 2013

Event Studies and the Law

This course will focus on the intuition and implementation of modern event study techniques as they are used in scholarship, policy evaluation, and litigation. 



The schedule for the class is as follows:

Monday 15 July, 2013

Foundational issues in finance and econometrics



Sanjai Bhagat and Roberta Romano (2002), “Event Studies and the Law: Part I: Technique and Corporate Litigation,” American Law and Economics Review.

Tuesday 16 July, 2013

Departures from the Standard Methods



Jonah Gelbach, Eric Helland, and Jonathan Klick (2013), “Valid Inference in Single Firm, Single Event Studies,” American Law and Economics Review.

Wednesday 17 July, 2013

Causal Inference



Michael Greenstone, Paul Oyer, and Annette Vissing-Jorgensen (2006), “Mandated Disclosure, Stock Returns, and the 1964 Securities Acts Amendments,” Quarterly Journal of Economics.


Alberto Abadie, Alexis Diamond, and Jens Hainmueller (2010), “Synthetic Control Methods for Comparative Case Studies: Estimating the Effect of California’s Tobacco Control Program,” Journal of the American Statistical Association.


Guofu Zhou (1994), “Analytical GMM Tests: Asset Pricing with Time-Varying Risk Premiums,” Review of Financial Studies.

Thursday 18 July, 2013

Testing Theory



Sanjai Bhagat and Roberta Romano (2002), “Event Studies and the Law: Part II: Empirical Studies of Corporate Law,” American Law and Economics Review.

Jonathan Klick and Robert Sitkoff (2008), “Agency Costs, Charitable Trusts, and Corporate Control: Evidence From Hershey’s Kiss-Off,” Columbia Law Review.

Friday 19 July, 2013

Event Studies in Litigation