Glezakos, Michael; Gotzageorgis, Dr. George - In: European Research Studies Journal VIII (2005) 1-2, pp. 3-20
This paper discusses evidence on the initial underpricing of Initial Public Offerings in the Athens Stock Exchange, during the period 1990-2003. Differences in average initial returns are analyzed in terms of differential IPO characteristics. The findings suggest that in the Athens Stock...
