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 2018
Authors / editors: Leszek Czapiewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The aim of the research is to verify the existence of the momentum effect on the Warsaw Stock Exchange in Poland in the period 1995–2015.
Design/methodology/approach – Different portfolios were built according to the momentum strategy for investments for K months (wher…
DOI: 10.18276/frfu.2018.94/2-02 · ISSN: 2450-7741
Article 2018
Authors / editors: Joanna Lizińska
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – A very large number of papers in the academic literature focused on market anomalies. They were very often associated with investment strategies enabling to achieve abnormal equity returns.
Poland has a relatively young equity market. However, it has been strongly evol…
DOI: 10.18276/frfu.2018.92-23 · ISSN: 2450-7741
Article 2017
Authors / editors: Ilona Żelazowska
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the article presents the regression effect to the average. The purpose of the test was to accept or reject the hypothesis of the occurrence of price volatility on the basis of the loser-winner effect.
Methodology/approach – the study used the De Bondta and Thaler test …
DOI: 10.18276/frfu.2017.90-09 · ISSN: 2450-7741
Article 2017
Authors / editors: Magdalena Mikołajek-Gocejna
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Heuristics are efficient cognitive processes that ignore part of information. In classical view, heuristic decisions save effort, but imply greater errors then “rational” decisions, defined by logic and statistical model. It clearly emerges that in real life people do not always …
DOI: 10.18276/frfu.2017.89/2-11 · ISSN: 2450-7741
Article 2017
Authors / editors: Magdalena Mikołajek-Gocejna
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – the aim of this paper is to review the impact of heuristics bias decision-making on capital market. Heuristics are efficient cognitive processes that ignore part of information. In classical view, heuristic decisions save effort, but imply greater errors then “rational”…
DOI: 10.18276/frfu.2017.90-04 · ISSN: 2450-7741
Article 2017
Authors / editors: Leszek Czapiewski
Published in: Finanse, Rynki Finansowe, Ubezpieczenia
Purpose – The paper discusses the long-term price reaction of investors to recommendations issued by the largest brokerage houses.
Design/Methodology/approach – The study used a broad sample of over 17,000 different types of recommendations issued during 1998-2013 for 436 compan…
DOI: 10.18276/frfu.2017.86-08 · ISSN: 2450-7741