To List or Not To List: Expectations versus Reality for Greek Shipping IPOs

Mourdoukoutas Panos and Stefanidis Abraham
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Mourdoukoutas Panos: Long Island University and Athens University, New York, United States of America
Stefanidis Abraham: Long Island University and Athens University, New York, United States of America

South East European Journal of Economics and Business, 2009, vol. 4, issue 1, 125-134

Abstract: Sharing ownership with outside investors through an IPO has advantages and disadvantages that create dilemmas for company founders. It can further be a source of disappointment when expectations fall short of reality. That's not the case for the Greek ship owners who floated the shares of their companies to major US Exchanges in the early 2000s, however. The listing has met and even exceeded their expectations: Broadened their capital structure, improved image and prestige, strengthened bargaining power with creditors, and enhanced entrepreneurial opportunities

Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:seejeb:v:4:y:2009:i:1:p:125-134:n:9

DOI: 10.2478/v10033-009-0009-0

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South East European Journal of Economics and Business is currently edited by Adnan Efendic, Vesna Babić-Hodović and Aziz Šunje

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