TY - JOUR
T1 - Measuring Regulatory Effects with Stock Market Evidence
T2 - Cable Stocks and the Cable Communications Policy Act of 1984
AU - Hoag, Anne M.
N1 - Copyright:
Copyright 2017 Elsevier B.V., All rights reserved.
PY - 2002
Y1 - 2002
N2 - This article introduces the event study method from finance and economics and applies it to the Cable Communications Policy Act of 1984. This deregulatory action was believed to have benefited the cable industry. However, results suggest a tempered view of its economic impact. Although cable stock investors did enjoy extraordinary returns following enactment, these results may have had less to do with deregulation than other factors such as coincident overall stock market growth.
AB - This article introduces the event study method from finance and economics and applies it to the Cable Communications Policy Act of 1984. This deregulatory action was believed to have benefited the cable industry. However, results suggest a tempered view of its economic impact. Although cable stock investors did enjoy extraordinary returns following enactment, these results may have had less to do with deregulation than other factors such as coincident overall stock market growth.
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U2 - 10.1207/S15327736ME1504_3
DO - 10.1207/S15327736ME1504_3
M3 - Article
AN - SCOPUS:0036035132
SN - 0899-7764
VL - 15
SP - 259
EP - 272
JO - Journal of Media Economics
JF - Journal of Media Economics
IS - 4
ER -