Article 2018
Authors / editors: Aleksandra Kieres
Published in: Studia i Prace WNEiZ US
The emergence of new investors on the market increases the amount of capital and it is a source of new investments, which have a positive impact on economic development and so- lutions for many social problems . The purpose of this article, with illustrative character, is to expo…
DOI: 10.18276/sip.2018.52/1-05 · ISSN: 2450-7733
Article 2018
Authors / editors: Ilona Żelazowska
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The article presents the other January effect. The purpose of the article was to accept or reject the hypothesis about the occurrence of the other January effect, based on the rates of return from the mutual funds in 2003–2017.
Methodology/approach – The study uses the…
DOI: 10.18276/frfu.2018.94/2-11 · ISSN: 2450-7741
Article 2017
Authors / editors: Maciej Pawłowski
Published in: Ekonomiczne Problemy Usług
The article shows the experience of the Polish government in issuing green bonds. The first part of the paper presents the essence of green bonds and gives an illustration of a polish green government bonds issuance structure. The second part of the paper brings an attempt of eva…
DOI: 10.18276/epu.2017.129-18 · ISSN: 1896-382X
Article 2017
Authors / editors: Piotr Szczepankowski
Published in: Studia i Prace WNEiZ US
One of an approach to financialisation examines the increasing role of the shareholder value orientation as a guiding principle of the non–financial corporations (NFCs) behaviours. Using firm–level data for the period 2000–2015, the article examines the connection between financi…
DOI: 10.18276/sip.2017.50/3-13 · ISSN: 2450-7733
Article 2017
Authors / editors: Rafał Morawczyński
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
The aim of the paper is to present selected results of the research dedicated to assessment of entrepreneurs made by investors in the private capital market (business angels) in Poland. Additional goal is to present importance of “value adding” activities undertaken by business a…
DOI: 10.18276/frfu.2017.89/2-12 · ISSN: 2450-7741
Article 2017
Authors / editors: Maciej Pawłowski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – assessment of the capital markets union attempting to identify opportunities and threats of implementation of this project from the point of view of enterprise development. Design/methodology/approach – the article is dedicated to analysis of the capital markets union c…
DOI: 10.18276/frfu.2017.88/2-06 · ISSN: 2450-7741
Article 2017
Authors / editors: Dominika Kordela
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the analysis of the direction and the value of support the polish SMEs in accessing the capital market Design/methodology/approach – in this article following methods were used: the descriptive method, the comparative method, and descriptive statistics techniques. Sourc…
DOI: 10.18276/frfu.2017.88/2-04 · ISSN: 2450-7741
Article 2017
Authors / editors: Iwona Piekunko-Mantiuk
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – presentation of significant characteristics of forex market from investor’s point of view, indication of differences between investing on the capital market and the forex market,as well as comparison between the profile of a Polish investor and trader.
Design/methodolo…
DOI: 10.18276/frfu.2017.90-06 · ISSN: 2450-7741
Article 2017
Authors / editors: Katarzyna Klimczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – Review and analysis of the results of empirical studies devoted to the in uence of XBRL on information asymmetry in the capital market.
Design/methodology/approach – For the purpose of the article an overview and comparison of the assumptions, methodology and results o…
DOI: 10.18276/frfu.2017.88/1-28 · ISSN: 2450-7741
Article 2017
Authors / editors: Małgorzata Tarczyńska-Łuniewska, Waldemar Tarczyński, Paweł Tarczyński
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose - The main goal of the paper is to present a simple method of identifying the leading sector on the capital market.
Methodology – The scoring method of determining the leading sector is based on the idea of construction the fundamental power index. The proposed method us…
DOI: 10.18276/frfu.2017.86-02 · ISSN: 2450-7741
Article 2016
Authors / editors: Dariusz Zarzecki, Adrian Wołoszyn
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
This article groups and describes different anomalies that can appear on capital markets. We present the initial return of IPO underpricing across European markets. We present the results of empirical research conducted on the Polish capital market. This article also contains a d…
DOI: 10.18276/frfu.2016.4.82/2-28 · ISSN: 2450-7741
Article 2016
Authors / editors: Joanna Lizińska, Leszek Czapiewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The study examines the properties of discretionary accruals for Polish companies around initial public offerings (IPOs) in the pre and post-crisis years. Design/methodology/approach – The subsamples covered IPO firms going public before the crisis (2002– 2006) and after…
DOI: 10.18276/frfu.2016.4.82/2-16 · ISSN: 2450-7741
Article 2016
Authors / editors: Leszek Czapiewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The study examines the performance and usefulness of the Fama-French five-factor model in explaining stock returns. The model was directed at capturing the size, value, profitability, and investment patterns in stock returns. Design/methodology/approach – The two-stage …
DOI: 10.18276/frfu.2016.4.82/2-05 · ISSN: 2450-7741
Article 2016
Authors / editors: Leszek Czapiewski, Jarosław Kubiak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The objective of this paper is to characterise the dividend policy of listed companies in Poland and its comparison with the dividend policy of listed companies on the other European markets. Design/methodology/approach – The study covers all companies whose shares were…
DOI: 10.18276/frfu.2016.4.82/2-04 · ISSN: 2450-7741
Article 2016
Authors / editors: Jarosław Klepacki
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Widely understood globalization in comparison with those of actions after the crisis from the years 2008–2009 implemented by financial institutions resulted in the artist creating processes that until recently in the literature were identified as marginal. One of them is implemen…
DOI: 10.18276/frfu.2016.4.82/1-60 · ISSN: 2450-7741
Article 2016
Authors / editors: Paweł Wnuczak
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the research project presented in this article is to verify the research hypothesis which claims that the rate of economic growth affects the value of the difference between the current market value and the intrinsic value of companies listed on the Warsaw St…
DOI: 10.18276/frfu.2016.79-11 · ISSN: 2450-7741
Article 2016
Authors / editors: Gabriela Łukasik, Joanna Błach
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – Issue of equity securities may offer an opportunity to raise equity for the sector of small and medium-sized enterprises. However, it is required to prepare appropriate strategies in order to effectively issue shares. In this regard setting the appropriate issuing price…
DOI: 10.18276/frfu.2016.5.83/2-05 · ISSN: 2450-7741
Article 2016
Authors / editors: Adam P. Balcerzak, Marcin Fałdziński, Michał Bernard Pietrzak, Tomas Meluzin, Marek Zinecker
Published in: Studia i Prace WNEiZ US
Increasing globalization contributes to the growth of the interdependencies between capital markets. Therefore, the identification of the linkages between capital markets and the analysis of changes in the strength of these relationships over time, can be the source of an importa…
DOI: 10.18276/sip.2016.45/1-01 · ISSN: 2450-7733
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 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
Article 2015
Authors / editors: Piotr Jan Mackiewicz
Published in: Współczesne Problemy Ekonomiczne
The world of finance, along with its participants, is constantly exposed to high deviations. The year 2008 was a year when the crisis in Europe was revealed. The crisis started in the United States, and soon after started to affect global economy. Less than five years later the c…
DOI: 10.18276/wpe.2015.11-15 · ISSN: 2081-9579