This paper examines a new issue in the tramp shipping industry -- mergers and acquisitions -- which has drawn firms into a competition on size, market share and total tonnage. The purpose of this paper is to investigate the behaviour of tramp shipping firms' stock returns, when they announce...

This paper examines a new issue in the tramp shipping industry – mergers and acquisitions – which has drawn firms into a competition on size, market share and total tonnage. The purpose of this paper is to investigate the behaviour of tramp shipping firms' stock returns, when they announce...

This paper investigates the effects of stock markets on the process of secondary capital markets (parallel markets) growth in some European Union countries. If European secondary stock markets have become more integrated with one another and with world capital markets, we would expect to see...

This study uses cointegration tests and event study methodology to provide evidence on the Efficient Market Hypothesis (EMH) in the secondary (parallel) capital market of Athens Stock Exchange (ASE). It examines the existence of interdependence between primary and secondary market in order to...

Purpose -This paper aims to provide additional international evidence on the initial public offerings (IPOs) by examining the initial performance and two main determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002....