“…The literature also evidenced several methodological developments (Ataullah et al , 2011; Brown and Warner, 1980, 1985; Corrado, 1989). The focus of these studies has expanded from just stock splits and mergers to other events such as the announcement of dividends (Chatterjee and Dutta, 2017; Pandey et al , 2022; Pandey and Kumari, 2021b; Rosario and Chavali, 2016), share repurchases (Hackethal and Zdantchouk, 2006; Rees, 1996), debt offerings (Spiess and Affleck-Graves, 1999), mergers (Pandey and Kumari, 2020; Rai et al , 2022) and corporate restructuring (Poon et al , 2001; Renneboog and Szilagyi, 2008). Apart from these corporate events, event studies have been introduced to examine the effects of privatization (Rai and Pandey, 2021), terrorist attacks (Kim et al , 2022; Papakyriakou et al , 2019), natural disasters (Chen et al , 2023; Malik et al , 2020) and geopolitical events (Egger and Zhu, 2020; Hassan et al , 2022; Kumari et al , 2022) on stock prices.…”