A few years ago, the stock market of Greece was a relatively small and under-investigated emerging market. Nevertheless, modernization and some other major reforms that have taken place the last 10 years resulted in the market obtaining more depth and width. In the last decade an increasing...

This article examines the predictability of stock returns in the Athens Stock Exchange (ASE) during 1993 to 2006 by using accounting information. Using panel data analysis, this article concludes that the selected set of financial ratios contains significant information for predicting the...

During the last few years there has been growing evidence against the Efficient Market Hypothesis. In this study we investigate the hypothesis using stock prices of common and preferred stocks from the Athens Stock Exchange. In Greece, preferred shares are regarded as part of the equity capital...