Corporate Scandals and Stock Price Performance: A Meta-Analysis - an analytic data." The link between the scandals in which corporations are involved, and the stock price performance has been isolated by an enormous number of researchers and belongs to the financial literature. Based on their proof from prior studies, a meta-analysis performed by (Canavati, et al, 2018) sums together the existing empirical findings to give a comprehensive perspective on how corporate misconduct affects shareholder wealth and market valuation. Studies by Canavati and others in 2028 summarize a huge pool of research such that it is possible to draw general conclusions and pinpoint emerging trends in the impacts of corporate scandals on the market. The review of numerous studies indicates that unveiling a scandal is associated with a drop in the stock prices of the influenced company, which suffered a significant decline in prices after the scandal was publicized. Besides, the paper also includes the different reactions of markets to the scandal moderating factors that can affect the magnitude as well as the duration. Canavati, and colleagues (2018) some factors can be rated as determinants regarding how stocks perform following the eclipse of of misconduct allegations. These include the levels of misconduct, level of media scrutiny, organizational response, and effectiveness. The utility of the meta-analysis in determining the prominence of the contextual factors and incorporated firm-specific features in the formation of market outcomes in response to wrongdoing by the corporation is paramount. Leveraging rigorous statistical procedures and strong methodological approaches, (Canavati, et al, 2018). contribute previous studies on the empirical background underlying the connection between corporate scandals and the stock price downfall. The meta-analysis sheds further light on the knowledge about the channels through which scandals impact shareholder wealth and market dynamics generally, and through these observations that are important pragmatically for investors, corporate managers, and policymakers. Overall, this study reinforces that corporate governance, transparency, and morally appropriate run the company results in shareholder value preservation and market trust sustaining when corporal misconduct occurs. Can you please develop a conceptual framework based on the above articles. It's for Applied Business Project unit.
Based on the passage about corporate scandals and stock price performance, what can be concluded about the impact of corporate misconduct on stock prices?
a. Only W, X, and Y are correct.
b. Only W and Y are correct.
c. Only X and Z are correct.
d. Only Z is correct.
e. All are correct.