@article {2866,
	title = {Corporate Events{\textquoteright} Effect on Stock Returns: Evidence from Athens Stock Exchange},
	journal = {International Research Journal of Applied Finance },
	volume = {2},
	year = {2011},
	pages = {692-715},
	abstract = {<p>This study examines firm{\textquoteright}s stock returns{\textquoteright} behaviour, when they announce corporate events like\&nbsp;management change, collaborations and stock repurchase. It examines how this change is\&nbsp;portrayed in firms{\textquoteright} stock prices returns. The methodologies used are the methodology of event\&nbsp;study analysis and bootstrap methodology. Companies selected belong to eight different sectors\&nbsp;of Athens Stock Exchange with different Stock Exchange value in order to get a more general\&nbsp;picture that does not only represent one sector which can be influenced individually from\&nbsp;accidental factors. The sample constitutes forty firms listed in Athens Stock Exchange. Results\&nbsp;indicate that corporate events{\textquoteright} impact is important and a key for enterprises to follow new\&nbsp;challenges and create financial value. This paper provides evidence on the impact of corporate\&nbsp;governance on stock returns in Greece. The implication is that corporate events create financial\&nbsp;value.</p>},
	url = {http://irjaf.com/uploads/irjaf_vol_2_issue_6.pdf},
	author = {Aristeidis Samitas and Dimitris Kenourgios and Ioannis Tsakalos}
}
