Advanced Search
MyIDEAS: Login to save this article or follow this journal

Do Dividend Announcements Affect The Stock Prices in The Greek Stock Market?

Contents:

Author Info

  • Athanasios Vazakidis

    ()
    (Department of Applied Informatics, University of Macedonia, 156 Egnatia st, P.O Box 1591, 540 06, Thessaloniki, Greece)

  • Stergios Athianos

    ()
    (Department of Accounting, TEI of Serres, 156 Egnatia st, P.O Box 1591, 540 06, Thessaloniki, Greece)

Registered author(s):

    Abstract

    This paper examines the reaction of the Athens Stock Exchange (ASE) to dividend announcements by a sample of firms listed at the FTSE/ATHEX 20 and FTSE/ATHEX Mid 40 for a fixed period 2004-2008. It also provides analytical information about the Greek Stock Market and the regulations underlying it, which have been taken into account in the present thesis. Moreover, previous studies of important academic scholars are presented and discussed, in order for the reader to attain the appropriate theoretical knowledge about the examined issue. Finally, significant abnormal activity is documented throughout the multiple event-windows that are employed and therefore, the null hypothesis, which supports the irrelevance theory as introduced by Miller and Modigliani (1961), is rejected.

    Download Info

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
    File URL: http://www.ijesar.org/docs/volume3_issue2/div_announcements.pdf
    Download Restriction: no

    File URL: http://www.ijesar.org/volume3_issue2.php
    Download Restriction: no

    Bibliographic Info

    Article provided by Technological Educational Institute (TEI) of Kavala, Greece in its journal International Journal of Economic Sciences and Applied Research (IJESAR).

    Volume (Year): 3 (2010)
    Issue (Month): 2 (December)
    Pages: 57-77

    as in new window
    Handle: RePEc:tei:journl:v:3:y:2010:i:2:p:57-77

    Contact details of provider:
    Web page: http://www.ijesar.org/
    More information through EDIRC

    Related research

    Keywords: Dividend announcements; abnormal activity; signalling effect;

    Find related papers by JEL classification:

    References

    No references listed on IDEAS
    You can help add them by filling out this form.

    Citations

    Lists

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    Statistics

    Access and download statistics

    Corrections

    When requesting a correction, please mention this item's handle: RePEc:tei:journl:v:3:y:2010:i:2:p:57-77. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Kostas Stergidis).

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.