Skip to main content
Top

2017 | OriginalPaper | Chapter

Delistings from the Athens Stock Exchange: Recent Evolutions

Authors : Antonios Papathanasiou, Chris Grose, Persefoni Polychronidou

Published in: Finance in Central and Southeastern Europe

Publisher: Springer International Publishing

Activate our intelligent search to find suitable subject content or patents.

search-config
loading …

Abstract

The aim of this chapter is to study the forces driving companies’ exit from the Athens Stock Exchange (ASE). It also highlights the motives and the information on which this exit was considered as the most appropriate choice as well as the actions taken before, during and after the delisting process from the ASE. Moreover, the differences between voluntarily and not voluntarily delistings are highlighted and useful and valid conclusions from investors who are placed in diversified portfolios are indicated. The chapter attempts finally to give a brief overview of the current regulatory framework in Greece.

Dont have a licence yet? Then find out more about our products and how to get one now:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Literature
go back to reference Aharony J, Jones CP, Swary I (2011) An analysis of risk and return characteristics of corporate bankruptcy using capital market. J Financ 35(4):1001–1016CrossRef Aharony J, Jones CP, Swary I (2011) An analysis of risk and return characteristics of corporate bankruptcy using capital market. J Financ 35(4):1001–1016CrossRef
go back to reference Angelopoulos P (2001) Introducing derivatives of financial products. Stamoulis ed, Athens. (in Greek) Angelopoulos P (2001) Introducing derivatives of financial products. Stamoulis ed, Athens. (in Greek)
go back to reference Chaplinsky S, Ramchandt L (2006) The listing and delisting of German firms on NYSE and NASDAQ: Were there any benefits? J Int Finan Markets Inst Money 22:1024–1053 Chaplinsky S, Ramchandt L (2006) The listing and delisting of German firms on NYSE and NASDAQ: Were there any benefits? J Int Finan Markets Inst Money 22:1024–1053
go back to reference Cholevas I (1995) What we should know about the stock market, Investor Guide. Interbooks ed. (in Greek) Cholevas I (1995) What we should know about the stock market, Investor Guide. Interbooks ed. (in Greek)
go back to reference Doidge C, Karolyi G, Lins K, Miller D, Stulz R (2009) Private benefits of control, ownership, and the cross-listing decision. J Financ 64(1):425–466CrossRef Doidge C, Karolyi G, Lins K, Miller D, Stulz R (2009) Private benefits of control, ownership, and the cross-listing decision. J Financ 64(1):425–466CrossRef
go back to reference Kiohos P (2001) Stock exchange and derivatives—international markets. Stamoulis ed, Athens. (in Greek) Kiohos P (2001) Stock exchange and derivatives—international markets. Stamoulis ed, Athens. (in Greek)
go back to reference Malindretou V, Malindretos P (2000) Stock market. Papazisi ed, Athens. (in Greek) Malindretou V, Malindretos P (2000) Stock market. Papazisi ed, Athens. (in Greek)
go back to reference Mitsiopoulos G (2001) Brokerage and investment considerations tools. Stamoulis ed, Athens. (in Greek) Mitsiopoulos G (2001) Brokerage and investment considerations tools. Stamoulis ed, Athens. (in Greek)
go back to reference Pagano M, Randl O, Roell A, Zechner J (2001) What makes stock exchanges succeed? Evidence from cross-listing decisions. Eur Econ Rev 45(4-6):770–782CrossRef Pagano M, Randl O, Roell A, Zechner J (2001) What makes stock exchanges succeed? Evidence from cross-listing decisions. Eur Econ Rev 45(4-6):770–782CrossRef
go back to reference Pfister M, von Wyss R (2010) Delistings of secondary listings: price and volume effects. Fin Mkts Portfolio Mgmt 24:395–418CrossRef Pfister M, von Wyss R (2010) Delistings of secondary listings: price and volume effects. Fin Mkts Portfolio Mgmt 24:395–418CrossRef
go back to reference Sanger GC, Peterson JD (1990) An empirical analysis of common stock delistings. J Financ Quant Anal 25(2):261–272CrossRef Sanger GC, Peterson JD (1990) An empirical analysis of common stock delistings. J Financ Quant Anal 25(2):261–272CrossRef
go back to reference Theodoropoulos T (2001) Investment strategy and stock market. Stamoulis ed, Athens. (in Greek) Theodoropoulos T (2001) Investment strategy and stock market. Stamoulis ed, Athens. (in Greek)
go back to reference Voulgari-Papageorgiou E (2002) Stock exchange and stock market derivatives, 5th edn. Synchroni Ekdotiki ed, Athens. (in Greek) Voulgari-Papageorgiou E (2002) Stock exchange and stock market derivatives, 5th edn. Synchroni Ekdotiki ed, Athens. (in Greek)
Metadata
Title
Delistings from the Athens Stock Exchange: Recent Evolutions
Authors
Antonios Papathanasiou
Chris Grose
Persefoni Polychronidou
Copyright Year
2017
DOI
https://doi.org/10.1007/978-3-319-64662-6_10