Are there any abnormal returns for early moving companies? An event study analysis of Greek companies
by Dimitris K. Kalimeris
International Journal of Trade and Global Markets (IJTGM), Vol. 3, No. 4, 2010

Abstract: This study examines the phenomenon of the early moving companies. 50 Greek companies of high capitalisation enlisted in the Athens Stock Exchange are tested as to whether their intention to merge with or acquire another company in the South-Eastern European region provides them with positive abnormal returns. The methodology and model used is the Event studies method and the Market Model. There were 109 events examined, an event being the day when the intention to invest was known to the public. Results show neither positive nor negative abnormal returns for the sample companies, being in partial agreement with the literature.

Online publication date: Sun, 03-Oct-2010

The full text of this article is only available to individual subscribers or to users at subscribing institutions.

 
Existing subscribers:
Go to Inderscience Online Journals to access the Full Text of this article.

Pay per view:
If you are not a subscriber and you just want to read the full contents of this article, buy online access here.

Complimentary Subscribers, Editors or Members of the Editorial Board of the International Journal of Trade and Global Markets (IJTGM):
Login with your Inderscience username and password:

Username:        Password:          Forgotten your password?

Want to subscribe?
A subscription gives you complete access to all articles in the current issue, as well as to all articles in the previous three years (where applicable). See our Orders page to subscribe.

If you still need assistance, please email subs@inderscience.com