There are numerous studies on the privatisation process in Central and Eastern Europe (CEE) but none of them evaluates the effect of privatisation on bidders' market value. The objective of this research is the determination of the market value changes of several European banks during the time...

This paper develops the approach suggested by Karolyi (1995), Longin and Solnik (1995), and Karolyi and Stulz (1996) to examine the impact of futures variables (such as exchange rates, treasury bills, treasury bonds, and stock indices) on the integration process for cross-listed equities in...

This study investigates empirically the liquidity of non financial companies in Poland, as measured by static measures such as the current and quick ratios and the dynamic measure of the cash conversion cycle, since the accurate measurement of liquidity and its consequences for the value of a...

This study examines empirically the day of the week effect anomaly in the Athens Stock Exchange (ASE). This phenomenon is observed in many developed and developing markets, according to the existing literature. The results of the most significant studies and the possible explanations of this...

This study examined the cash conversion cycle (CCC) as a liquidity indicator of the food industry Greek companies and tries to determine its relationship with the current and the quick ratios, with its component variables, and investigates the implications of the CCC in terms of profitability,...

This study examines a combination of comovement and integration effects on volatility of home cross-listed equities in three Germanic markets (Frankfurt, Zurich and Vienna). Specifically, we investigate the impact of lagged stock prices and lagged futures contracts on asymmetric (bad and good...