cumulative average abnormal return
累计超额平均收益率
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累计平均超额收益率 CAAR
·2,447,543篇论文数据，部分数据来源于NoteExpress
IPO长期业绩的早期研究以算术平均的累计调整收益率为指标，发现我国新股存在着长期超额报酬。
By equal-weighted CAR, former researches on the long-run performance of Chinese IPOs have found that IPOs in Chinese stock exchanges outperform index in the three years after going public.
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