Table 3. Effect of mass shootings on firearm manufacturer market returns.

	(1)	(2)	(3)	(4)
Dependent Variable	r	r	r	r
Time Window	1 Day	2 Day	5 Day	10 Day
Treatment	-0.00265	-0.00495**	-0.00279*	-0.00243**
	(0.00267)	(0.00247)	(0.00160)	(0.00114)
Market Return	1.047***	1.076***	1.051***	1.100***
	(0.130)	(0.102)	(0.0779)	(0.0603)
Constant	0.00326*	0.00322**	0.00171	0.00284***
	(0.00182)	(0.00127)	(0.00110)	(0.000709)
N	552	920	2,024	3,864
R-squared	0.188	0.188	0.187	0.199

Dependent Variable: Percent Change in Firm Stock Price.

Model: OLS Market Movement Event Study.

Bootstrapped standard errors in parentheses.

*** p<0.01

** p<0.05

* p<0.1.