Article 2017
Authors / editors: Marek Pauka, Bogumiła Brycz
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – This paper focuses on the direct and indirect dividend covenants (as divided by Kalay) embedded in the terms of issues of bonds listed on the Catalyst market. The aim is to analyze the types and structure of covenants limiting transfers to the shareholders and to analyz…
DOI: 10.18276/frfu.2017.86-14 · ISSN: 2450-7741
Article 2016
Authors / editors: Marek Pauka, Bogumiła Brycz
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the concept of “empty shell”, described by F. Black, involving the transfer of value by the shareholders from the companies – issuers of bonds fairly well characterizes many difficult cases that could be found on the Catalyst market in the first years of its development…
DOI: 10.18276/frfu.2016.4.82/2-19 · ISSN: 2450-7741
Article 2016
Authors / editors: Dominika Kordela
Published in: Ekonomiczne Problemy Usług
Financing with the use of municipal bonds is gaining in importance, especially regarding implementation investment projects financed from European Union funds. Local government units have the choice of emissions on the market organized and unorganized market. The aim of the arti…
DOI: 10.18276/epu.2016.125-18 · ISSN: 1896-382X
Article 2016
Authors / editors: Hanna G. Adamkiewicz
Published in: Studia i Prace WNEiZ US
In this article, the formulation of international competitiveness was proposed as the catalyst of economic productiveness. It was accepted, that and the propriety which defi nes the ability of the country to creating the conditions of the growth of productiveness and desirable ma…
DOI: 10.18276/sip.2016.44/2-01 · ISSN: 2080-4881
Article 2015
Authors / editors: Dorota A. Hałaburda
Published in: Ekonomiczne Problemy Usług
This article presents the possibility of the acquisition of the local investments financing by means of issuing the municipal bonds on the Catalyst market. The article includes the presentation of local investments and the structure of bonds issued by local governments and the le…
DOI: 10.18276/epu.2015.118-08 · ISSN: 1896-382X
Article 2015
Authors / editors: Krystyna Brzozowska
Published in: Ekonomiczne Problemy Usług
Catalyst is a first platform of debt instruments (bonds and debentures) acting in frame of Warsaw Stock Exchange. Turnover is subjected to corporate bonds issued by corporate and financial institutions, cooperatives bonds issued from 2011 by cooperative banks, treasury bonds, mun…
DOI: 10.18276/epu.2015.118-02 · ISSN: 1896-382X