Exploring the heterogeneity of stock market responses to Uber announcements: A comparative analysis of developed and emerging economies in Asia Pacific
Tchai Tavor
Abstract:<abstract>
<p>I investigated Uber's strategic announcements' impact on stock markets within the Asia Pacific region, distinguishing developed and emerging economies. Utilizing Crunchbase.com data, I applied the "Index Impact Test" and "Stock Response Test" to analyze market responses. I found that in developed economies, stock indices experienced a negative trend before announcements and a positive trend thereafter. In contrast, emerging economies exhibited a positive response exclusively after an… Show more
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