Email this article Seasoned equity issues in the Greek stock market
Abstract
This paper is an empirical study of the common stock price reaction on the ex-rights day of seasoned
equity issues. Using an event study methodology we investigate 34 seasoned equity offerings by listed firms in
the Athens Stock Exchange (Greece) during the period 1981-1990 and observe that on the ex-rights day there
are no abnormal returns concluding that the Greek Stock Market is efficient in the semi-strong form.
equity issues. Using an event study methodology we investigate 34 seasoned equity offerings by listed firms in
the Athens Stock Exchange (Greece) during the period 1981-1990 and observe that on the ex-rights day there
are no abnormal returns concluding that the Greek Stock Market is efficient in the semi-strong form.
Keywords
Stock excange; Corporate finance
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