Seasoned equity issues in the Greek stock market
(EL)
Seasoned equity issues in the Greek stock market
(EN)
Τσαγκαράκης, Νικόλαος Β.
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.
(EN)