Article 2018
Authors / editors: Beata Bieszk-Stolorz, Iwona Markowicz
Published in: Studia i Prace WNEiZ US
The goal of the article is assessment of reaction of companies belonging to sectors: industry construction, developers (real estate) and building materials industry to crisis situations against other sectors on the Warsaw Stock Exchange. 328 companies were analysed in the first p…
DOI: 10.18276/sip.2018.54/1-06 · ISSN: 2450-7733
Article 2018
Authors / editors: Aleksandra Pieloch-Babiarz
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the paper is to show the diversified role and importance of micro- and macroeconomic factors affecting the dividend payments conducted by industrial companies listed on the Warsaw
Stock Exchange.
Design/methodology/approach – The empirical research was carr…
DOI: 10.18276/frfu.2018.92-27 · ISSN: 2450-7741
Article 2018
Authors / editors: Yuliya Kavalenka
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the objective of this paper is to provide evidence on the initial return (IR) of Initial Public Offerings (IPO) on the stock market in Poland and to identify determinants of the IPO initial returns on the Warsaw Stock Exchange (WSE) in the period between years 2005 and …
DOI: 10.18276/frfu.2018.91-21 · ISSN: 2450-7741
Article 2018
Authors / editors: Szymon Stereńczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the study is to describe the dynamics of market liquidity and cross-sectional variation in stock liquidity on the Warsaw Stock Exchange in the years 2001-2016.
Design/Methodology/approach – To measure stock liquidity three measures have been applied, namely …
DOI: 10.18276/frfu.2018.91-23 · ISSN: 2450-7741
Article 2017
Authors / editors: Mieczysław Puławski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – This article constitutes a retrospective look at the operations of stock exchanges in Poland as this year marks the 200th anniversary of the establishment of the first official money exchange in Poland..
Design/methodology/approach – The study of archive content and th…
DOI: 10.18276/frfu.2017.89/2-13 · ISSN: 2450-7741
Article 2017
Authors / editors: Kamil Gemra
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – An attempt to answer the question whether structured bonds can be used in indirect corporate financing. Research methodology – The study is based on a case study method and contains elements of secondary data analysis. Findings – The offer of bonds captured the investor…
DOI: 10.18276/frfu.2017.1.85-42 · ISSN: 2450-7741
Article 2017
Authors / editors: Joanna Olbryś, Michał Mursztyn
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The main aim of the paper was an empirical analysis of market tightness as one of the market liquidity dimensions on the Warsaw Stock Exchange. The additional goal was a robustness analysis of results obtained with respect to the whole sample period January 2005–June 20…
DOI: 10.18276/frfu.2017.1.85-31 · ISSN: 2450-7741
Article 2017
Authors / editors: Adam Zaremba, Szymon Okoń
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of this paper is to investigate the long-term performance following stock splits on the Warsaw Stock Exchange.
Design/Methodology/approach – The study is based on stock splits conducted on the Warsaw Stock Exchange within years 1996-2015. We formed equal-weight…
DOI: 10.18276/frfu.2017.86-09 · ISSN: 2450-7741
Article 2017
Authors / editors: Szymon Stereńczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – On developed capital markets, the effect of stock market liquidity on expected stock returns is well documented. However, there is still lack of comprehensive analysis in this field for Polish stock market. Previous studies made on the Warsaw Stock Exchange are ambiguou…
DOI: 10.18276/frfu.2017.86-30 · ISSN: 2450-7741
Article 2016
Authors / editors: Kamil Gemra
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – To examine the unprecedented transaction on the Warsaw Stock Exchange, when the state-owned company listed on the WIG20 takes over another company listed on the same index. This article is an attempt to answer the question whether it was a hostile or friendly takeover. …
DOI: 10.18276/frfu.2016.4.82/2-42 · ISSN: 2450-7741
Article 2016
Authors / editors: Katarzyna Byrka-Kita, Małgorzata Arcisz
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Issues related to gender inequality in leadership positions are the subject of many studies, both national and international. Promoting women has its justification in numerous studies that point the benefits of female participation in management processes. The purpose of this art…
DOI: 10.18276/frfu.2016.4.82/2-02 · ISSN: 2450-7741
Article 2016
Authors / editors: Tomasz Miziołek, Adam Zaremba
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of this paper is to present the concept of fundamental indexation and to test its applicability in the Polish market. Design/methodology/approach – We form portfolios weighted according to net profits, sales, book value, and dividends, and evaluate their perform…
DOI: 10.18276/frfu.2016.79-06 · ISSN: 2450-7741
Article 2016
Authors / editors: Wojciech Hasik
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the purpose of the paper is to investigate the actual reporting practices of Polish pub-lic companies quoted on Warsaw Stock Exchange (WSE) and asses their relevance for stakeholders. This pa-per presents results of author’s wider research on quality of financial inform…
DOI: 10.18276/frfu.2016.2.80/2-12 · ISSN: 2450-7741
Article 2015
Authors / editors: Joanna Małecka
Published in: Ekonomiczne Problemy Usług
Small and medium-sized enterprises, although make up more than 50% of Polish Gross Domestic Product and 2/3 of the jobs, face a significantly reduced ability to acquire capital for development. The question arises, what sources, in addition to equity and loans are available to bu…
ISSN: 1896-382X