JSE EFFICIENCY AND SHARE PRICE REACTION TO FORCED FINANCIAL RESTATEMENTS by Shaun Watson and Jacobus Rossouw
You need to specify the model for events studies, running the regression and interpreting the results.
Select a sample consisting of 15 companies from JSE divided into group of 5 from 3 different industries.
Combination of companies rated as producing good integrated reports and those rated as producing bad integrated reports
But the main objective to test for strong form market efficiency.