128-138

• Tσαγκαράκης, Νικόλαος B.

This paper is an empirical study of the common stock price reaction on the ex-rights day of seasoned equity issues. Using an event study methodology we investigate 34 seasoned equity offerings by listed firms in the Athens Stock Exchange (Greece) during the period 1981-1990 and observe that on the ex-rights day there are no abnormal returns concluding that the Greek Stock Market is efficient in the semi-strong form.

• Economics and Business
• Computer and information sciences

• Economics
• Financial management
• Statistics

Περιέχει παράρτημα πινάκων, υποσημειώσεις και βιβλιογραφία, The author would like to thank Nickolaos G. Travlos for his helpful comments as well as the anonymous referees.