The Stock Market in Greece PDF Download
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Author: Nikitas A. Niarchos
Publisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 299
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Book Description
Author: Nikitas A. Niarchos
Publisher:
ISBN:
Category : Stock exchanges
Languages : en
Pages : 299
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Book Description
Author: Hellēnikē Trapeza Viomēchanikēs Anaptyxeōs (Greece)
Publisher:
ISBN:
Category : Business enterprises, Foreign
Languages : en
Pages : 222
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Book Description
Author: Konstantinos Chrissis
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Diomedes D. Psilos
Publisher:
ISBN:
Category : Banks and banking
Languages : en
Pages : 266
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Book Description
Author: D. Hevas
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
Author: Apostolos Dasilas
Publisher:
ISBN:
Category :
Languages : en
Pages : 38
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Book Description
This study investigates the stock market reaction of the Athens Stock Exchange (ASE) to cash dividend announcements for the period 2000-2004. In particular, the paper examines both the stock price and trading volume response to company announcements about dividend distributions. The dividend distribution in Greece features remarkable differences from those of US, UK and other developed markets. First, dividends in Greece are paid on a yearly basis. Second, the corporate law designates with high accuracy the minimum amount for distribution from the net earnings. Third, neither tax on dividends nor on capital gains is imposed in Greece. Despite this restrictive informational environment, we document significant market reaction on dividend announcement dates. Similar market reaction is observed to dividend change announcements, lending support to the quot;information content of dividends hypothesisquot; which predicts market reaction on the direction of that of dividend change.
Author: Angeliki Drousia
Publisher:
ISBN:
Category :
Languages : en
Pages : 41
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Book Description
Using a unique, hand-collected data set of actual daily share repurchases from the Athens Stock Exchange, we examine the stock market reaction around the disclosure date of actual share repurchases, the factors that affect the size of that reaction, and the motives behind share acquisitions. We find that different firms proceed to actual repurchases for different reasons: the results for the small firms and the firms with high book-to-market ratio repurchases are consistent with the signaling undervaluation hypothesis, while the results for the large firms and firms with low book-to-market ratio are in line with the price support hypothesis. In contrast to other studies, we find that long-term abnormal returns are higher for repurchasing firms compared to non-repurchasing controls and depend positively on the frequency of repurchases.
Author: Lisa A. Crayton
Publisher: Enslow Publishing, LLC
ISBN: 076607384X
Category : Juvenile Nonfiction
Languages : en
Pages : 98
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Book Description
Engaging text breaks down the complicated subject of the stock market and explains what it is, its history, what really happens on Wall Street, and how it can affect readers personally. Students will gain valuable fiscal knowledge that will serve them well in school and in life.
Author:
Publisher:
ISBN:
Category : Greece
Languages : en
Pages : 310
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Book Description
Author: Timotheos Angelidis
Publisher:
ISBN:
Category :
Languages : en
Pages : 27
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Book Description
This paper analyses the properties of idiosyncratic risk in the Greek Stock Market by disaggregating the total volatility of stocks at market, industry, and firm level. Idiosyncratic risk is much larger and represents a smaller component of total volatility in Greece compared with other developed markets, is persistent, shows no trend over time but tends to increase more in up-markets than in down markets. Average firm specific risk in Greece is best described by a two-state Markov process and during periods of high volatility (in 1987, in 1989-1990, in 1994 and 1998-2000) the average idiosyncratic variance is twice than that of the low variance regime. The implications for portfolio and risk management of changing idiosyncratic volatility are discussed.
