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An empirical investigation on the capital structure signalling theory of companies listed in the Greek Stock Exchange

Author

Listed:
  • Maria K. Markopoulou

    (Department of Accounting & Finance, University of Macedonia)

  • Demetrios L. Papadopoulos

    (Department of Accounting & Finance, University of Macedonia)

Abstract

the paper’s aim is to review the capital structure theories, and especially signalling theory. It investigates whether the capital structure signaling theory is reliable in cases of companies listed at the Athens Stock Exchange. The companies used in the sample, raised new equity from 2004 until 2006, and the paper examines their stock price reaction to the announcement.

Suggested Citation

  • Maria K. Markopoulou & Demetrios L. Papadopoulos, 2009. "An empirical investigation on the capital structure signalling theory of companies listed in the Greek Stock Exchange," Portuguese Journal of Management Studies, ISEG, Universidade de Lisboa, vol. 0(3), pages 217-238.
    • Handle: RePEc:pjm:journl:v:xiv:y:2009:i:3:p:217-238
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    File URL: https://ejms.iseg.ulisboa.pt/files/2009-Capital_structure_signaling_theory-evidence_from_the_Greek_Stock_Exchange.pdf
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    capital structure; signaling theory;

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill

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