Shareholder Wealth Effects of Equity Issues in Emerging Markets: Evidence from Rights Offerings in Greece
AbstractThe abnormal returns associated with the announcements of rights issues is positive in Greece, where there is no active secondary market for rights but where stock ownership is concentrated in the hands of a few shareholders and rights issues are large relative to the existing common equity base.
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Bibliographic InfoArticle provided by Financial Management Association in its journal Financial Management.
Volume (Year): 25 (1996)
Issue (Month): 3 (Fall)
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ERIM Report Series Research in Management
ERS-2002-102-F&A, Erasmus Research Institute of Management (ERIM), ERIM is the joint research institute of the Rotterdam School of Management, Erasmus University and the Erasmus School of Economics (ESE) at Erasmus Uni.
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