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Persistent link: https://www.econbiz.de/10003769852
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We are familiar with the maximum score estimator of (Manski, C.F., 1975, Journal of Econometrics 3, 205-228). A generalization of the maximum score estimator is the maximum profit estimator of (Skouras, S., 2003, Computational Statistics and Data Analysis 42, 349-361). The general case is the...
Persistent link: https://www.econbiz.de/10013131449
In this paper I test for and model volatility jumps for the General Index (GD) of the Athens Stock Exchange (ASE), expanding the previous literature on the ASE in various ways. Using intraday data I first construct various state-of-the-art realized volatility estimators which I then use in...
Persistent link: https://www.econbiz.de/10013134236
An event study methodology was employed to investigate the wealth effects on Greek acquiring companies of merger and acquisition announcements. 38 cases were found of acquiring companies listed on the Athens Stock Exchange in which acquisitions subsequently occurred. For the population as a...
Persistent link: https://www.econbiz.de/10013117259
This study is an investigation of the factors affecting the average returns of stocks that were traded on the Athens Stock Exchange for the period July 2004-June 2011. The methodological approach is similar to that applied by Fama and French (1992), where in the first stage, stocks are grouped...
Persistent link: https://www.econbiz.de/10013083926
This paper provides evidence of use of IAS's on companies' sources of finance. The methodology based on the proposed model by Nobes (1998) in which claims that international companies in order to invest globally, especially in weak-equity markets are more likely to change their type of...
Persistent link: https://www.econbiz.de/10013074579
We test for and model volatility jumps for three major indices of the Athens Stock Exchange (ASE).Using intraday data we rst construct several, state-of-the-art realized volatility estimators. We use these estimators to construct the jump components of volatility and perform various tests on...
Persistent link: https://www.econbiz.de/10013039267
in 2009. In particular, it is asked if this will be following the small and medium-sized entities in Greece. Indeed, in … Greece, there is an effort to issue the New Greek Standards close to IFRS for all kinds of companies regardless of their size … in relation to the IFRS adoption and EU directives in Greece …
Persistent link: https://www.econbiz.de/10012841872
Stock delisting is a commonly value destructive process imposing significant costs on investors, firms and public markets. A relatively recent surge in the number of delistings across international markets restates the question on the roots and causes of delisting. Using a hand-picked sample...
Persistent link: https://www.econbiz.de/10012907411