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

Maria K. Markopoulou () and Demetrios L. Papadopoulos ()
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Maria K. Markopoulou: Department of Accounting & Finance, University of Macedonia
Demetrios L. Papadopoulos: Department of Accounting & Finance, University of Macedonia

Portuguese Journal of Management Studies, 2009, vol. XIV, issue 3, 217-238

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.

Keywords: capital structure; signaling theory (search for similar items in EconPapers)
JEL-codes: G32 (search for similar items in EconPapers)
Date: 2009
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Portuguese Journal of Management Studies is currently edited by Luís Mota de Castro, Tiago Cardão-Pito, Mark Crathorne

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