In line with the international literature mergers and acquisitions produce ambiguous economic impact in Greece. Target-companies gain positive returns up to 6%, while bidder-companies show indifferent results around zero. The level of the abnormal returns in Greece converges with those in...

This study investigates the dynamic relationship between the Greek sovereign Credit Default Swap (CDS) and bond markets, using daily CDS and bond spreads from January 2006 to December 2010. We attempt to enlighten the conflicting conclusions of previous literature referring to sovereign credit...