McWilliams, Abagail, and Donald Siegel. "EventStudies in Management Research: Theoretical and Empirical Issues." Academy of Management Journal, 1999.

Critiques 29 event studies in management research, and finds that "inadequate attention [is] paid to theoretical and research design issues." Reviews two studies focusing on social issues - Meznar [1994] and Wright et al [1995] - and finds that, after adjusting for methodological errors, the results are no longer statistically significant.