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This paper investigates the impact of winning quality award on short-term and long-term stock prices in the mainland of China. Our results show that the award winners get significantly positive abnormal returns in the stock market at short run. The quality awards have a distinct stock price effect to large firms, and that the China Quality Award (CQA) winners get more abnormal returns than that of...
This study investigates the effects of IT service failures on market values of companies that announce their IT service failures. To measure the effects of IT service failures on stock prices of the responsible companies, we examine the stock price changes before and after IT service failure announcements. The results show that the stock price reactions to IT service failure announcements are negative...
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