Εμπειρική διερεύνηση της επίδρασης των συγχωνεύσεων και εξαγωγών στις τιμές των μετοχών ελληνικών εταιρειών εισηγμένων στο Χρηματιστήριο Αθηνών
Part of : Σπουδαί : journal of economics and business ; Vol.58, No.1-2, 2008, pages 201-215
Issue:
Pages:
201-215
Parallel Title:
Empirical investigation of the impact of mergers and acquisitions on stock prices of Greek companies operating in the Greek Stock Exchange
Author:
Abstract:
This study examines the impact of mergers and acquisitions on stock prices of Greek companies operating in the Greek Stock Exchange. The empirical findings, using the event study methodology consisting of 106 bidders and 56 targets companies during the period 1998-2006, suggest that mergers and acquisitions in Greece do create value for the shareholders, as it is reflected by the abnormal returns of their stock prices. However, these abnormal returns differ significantly from the equivalent returns presented in the literature simply because the Greek stock market is small and not competitive enough.
Subject (LC):
Keywords:
mergers and acquisitions, event study methodology, abnormal returns
Notes:
Περιέχει πίνακες, διαγράμματα και βιβλιογραφία
