Συγχωνεύσεις και εξαγορές επιχειρήσεων στην Ελλάδα: επίδραση στην χρηματιστηριακή τιμή των εμπλεκόμενων επιχειρήσεων
Journal of Economics and Business - SPOUDAI
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Title |
Συγχωνεύσεις και εξαγορές επιχειρήσεων στην Ελλάδα: επίδραση στην χρηματιστηριακή τιμή των εμπλεκόμενων επιχειρήσεων
Mergers and acquisitions in Greece: stock price reaction of acquiring and target firms |
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Creator |
Πρωτόπαπας, Παναγιώτης Π.
Τραυλός, Νικόλαος Γ. Τσαγκαράκης, Νικόλαος Β. |
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Subject |
Consolidation and merger of corporations; Greece
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Description |
This study examines the stock price reaction to mergers and acquisitions on the announcement day by firms listed on the Athens Stock Exchange. Using an event study methodology we investigate firms that participated in mergers and acquisitions as buyers or targets during the period 1988-1997. Our findings show that mergers and acquisitions in Greece are associated with statistically significant abnormal returns for both the acquiring and target firms. Thus, mergers and acquisitions in Greece create wealth shared by both parties involved in a corporate restructuring. |
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Publisher |
University of Piraeus
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Date |
2003-10-01
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Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion — |
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Format |
application/pdf
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Identifier |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1193
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Source |
SPOUDAI - Journal of Economics and Business; Vol 53, No 4 (2003); 80-104
2241-424X 1105-8919 |
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Language |
eng
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Relation |
http://spoudai.unipi.gr/index.php/spoudai/article/view/1193/1272
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Rights |
Copyright (c) 2003 SPOUDAI - Journal of Economics and Business
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