Informacja

Drogi użytkowniku, aplikacja do prawidłowego działania wymaga obsługi JavaScript. Proszę włącz obsługę JavaScript w Twojej przeglądarce.

English (EN)·Polski (PL)·Yкраїнський (UK)
Przejdź do strony domowej biblioteki Centralna Biblioteka Wojskowa Link otwiera się w nowym oknie Logo biblioteki Prolib Integro - strona głównaCentralna Biblioteka Wojskowa

Wyszukujesz frazę "exchange of shares" wg kryterium: Wszystkie pola

  Lista filtrów
Wyrównaj
Wyświetlanie 1-15 z 31
Tytuł:
Optymalny moment transakcji zamiany akcji w modelach w czasie ciągłym i dyskretnym
The optimal time for exchange of shares during sale and purchase of shares
Autorzy:
Szkutnik, Włodzimierz
Powiązania:
https://bibliotekanauki.pl/articles/592515.pdf
Data publikacji:
2017
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Moment opuszczenia trywialnego kroku
Optymalny moment zatrzymania
Trader
Optimal stopping moment
The optimal time for stopping
Opis:
W niniejszym artykule rozpatrzone zostało zadanie wyznaczenia optymalnego momentu sprzedaży jednej akcji (typu akcji) i zakupienia innej akcji. W modelu Blacka-Mertona-Schoelsa (w czasie ciągłym), a także w szczególnym przypadku w modelu Coxa-Rossa-Rubinsteina (dyskretny czas), zadanie to sprowadzone zostało do wyznaczenia optymalnego momentu dla sprzedaży akcji. Analiza dotyczy uzasadnienia wyboru optymalnego momentu sprzedaży jednej akcji i zakupu innej zgodnie ze strategią buy and hold.
It will be considered task of determining the optimal timing of sales per share (such as shares) and purchase another share. In the Black-Merton-Schoels (in continuous time), as well as in the particular case of the model of Cox-Ross-Rubinstein (discrete time), the task is reduced to determine the optimal timing for the sale of shares).
Źródło:
Studia Ekonomiczne; 2017, 324; 142-150
2083-8611
Pojawia się w:
Studia Ekonomiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Impact of changes in composition of exchange price index shares of listed Polish companies
Autorzy:
Wańczyk, Krzysztof
Powiązania:
https://bibliotekanauki.pl/articles/949101.pdf
Data publikacji:
2018
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
stock market index
Stock Exchange in Warsaw
capital market
investment strategy
Opis:
The aim of the article is to analyse the change in the quotations of Polish listed companies, which change the stock exchange index as part of the periodic change in the composition of the WIG20, mWIG40 and sWIG80 stock market indices. The research methodology uses abnormal return (AR) based on daily logarithmic rates of return of Polish listed companies and daily logarithmic rates of return on the stock market indices (WIG20, mWIG40, sWIG80). In this way, they defined the relative strength of listed shares in relation to the stock indices revision a month before the composition of the stock index, when the drawn up list of companies is changing the composition of the index. In addition, the relative strength of quoted shares in relation to stock exchange indices after the revision of the composition of the stock exchange index in the short-term (one month) and medium-term perspective (six months) was examined. The research was based on quarterly changes in the composition of stock exchange indices in the years 2010-2015. The analyses carried out indicate the existence of positive surplus stock returns a month before the change in the stock index. The average number of quotes of these companies above the stock market index at the time amounted to +0.52 percentage points. In turn, the average increase in the prices of the debuting companies in the new stock exchange index within 6 months after their flotation it amounted to +0.97 percentage points over the benchmark (WIG20, mWIG40, sWIG80).
Źródło:
Financial Sciences. Nauki o Finansach; 2018, 23, 3; 111-121
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Dopuszczalność uczestnictwa spółki z o.o. w organizacji w transakcji wymiany udziałów w rozumieniu przepisów ustawy o podatku dochodowym od osób fizycznych w świetle judykatury
Admissibility of participation of the limited liability company in organisation in the transaction of the exchange of shares according to the act of personal income tax in view of judicature
Autorzy:
Modzelewski, Witold
Siłuch, Kamil
Wadełek, Karol
Powiązania:
https://bibliotekanauki.pl/articles/1787731.pdf
Data publikacji:
2021-02-26
Wydawca:
Instytut Studiów Podatkowych Modzelewski i wspólnicy
Tematy:
podatek dochodowy od osób fizycznych
wymiana udziałów
spółka z o.o. w organizacji
personal income tax
exchange of shares
limited liability company in organisation
Opis:
Przedmiotem artykułu jest judykatura sądów administracyjnych oraz analiza przepisów ustawy z dnia 26 lipca 1991 r. o podatku dochodowym od osób fizycznych w zakresie transakcji wymiany udziałów w przypadku spółki z o.o. w organizacji. Naczelny Sąd Administracyjny sformułował tezę, że transakcja wymiany udziałów, w której uczestniczy spółka z o.o. w organizacji, powinna podlegać opodatkowaniu, co nie znajduje uzasadnienia na gruncie obowiązujących przepisów.
The subject of the article is the judicature of administrative courts and the analysis of the regulations within the act of the personal income tax in the transaction of the exchange of shares in case of the limited liability company in organisation. The Supreme Administrative Court formulated the thesis that the transaction of the exchange of shares in which the limited company in organisation participates should be taxed which cannot be justified on the basis of the current regulations.
Źródło:
Doradztwo Podatkowe Biuletyn Instytutu Studiów Podatkowych; 2021, 2(294); 32-35
1427-2008
2449-7584
Pojawia się w:
Doradztwo Podatkowe Biuletyn Instytutu Studiów Podatkowych
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Powiązanie kondycji finansowej spółek giełdowych określonej syntetycznym miernikiem atrakcyjności inwestowania (TMAI) z kształtowaniem się kursów ich akcji
The relationship between financial condition of companies listed in Warsaw Stock Exchange defined as Taxonomic Measure of Investment Attractiveness (TMAI) and the evolution of exchange of their shares
Autorzy:
Juszczyk, M.
Powiązania:
https://bibliotekanauki.pl/articles/842426.pdf
Data publikacji:
2015
Wydawca:
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Wydawnictwo Szkoły Głównej Gospodarstwa Wiejskiego w Warszawie
Opis:
Przedmiotem zainteresowania wielowymiarowej analizy statystycznej (SAW) są zjawiska złożone, a do takich niewątpliwie możemy zaliczyć procesy zachodzące na rynku kapitałowym. Taksonomiczne metody analizy mają na rynku kapitałowym coraz częstsze zastosowanie w praktyce, gdzie do oceny ekonomiczno- finansowej przedsiębiorstw wykorzystuje się kilka wskaźników tworzących wskaźnik agregatowy. Przykład empiryczny przedstawiony w artykule dotyczył klasyfikacji spółek z sektora spożywczego, notowanych na GPW w Warszawie w 2012 roku. Wykorzystując ideę taksonomicznej miary atrakcyjności inwestowania (TMAI), oceniono kondycję finansową badanych firm, a w jej kontekście dokonano porównań z rzeczywistymi stopami zwrotu w analogicznym okresie.
Financial performance as a complex phenomenon requires consideration of many factors. An aggregate indicator can be calculated for an easy evaluation of financial situation of companies. The article presents the possibility of using a selected method of multivariate analysis. The empirical part is illustrated with an example of the companies from food industry listed on Warsaw in 2012. The evaluation of financial standing of corporations composing this sector has been carried out using the idea of Taxonomic Measure of Investment Attractiveness (TMAI) and within its context effective rates of return have been compared.
Źródło:
Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego. Ekonomika i Organizacja Gospodarki Żywnościowej; 2015, 111
2081-6979
Pojawia się w:
Zeszyty Naukowe Szkoły Głównej Gospodarstwa Wiejskiego. Ekonomika i Organizacja Gospodarki Żywnościowej
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
The Delisting of a Company from the Warsaw Stock Exchange as a Result of the Cancellation of the Dematerialisation of Shares – Tender Offer Price vs. IPO Price
Autorzy:
Frydrych, Sylwia
Powiązania:
https://bibliotekanauki.pl/articles/609922.pdf
Data publikacji:
2020
Wydawca:
Uniwersytet Marii Curie-Skłodowskiej. Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
Tematy:
Warsaw Stock Exchange
dematerialisation of shares
public tender offer
Opis:
Theoretical background: The growth in the number of companies delisted from the Warsaw Stock Exchange (WSE), as a result of the cancellation of the dematerialisation of shares, has become a reason for considerations regarding the share price in tender offers addressed to shareholders who have held company securities since the Initial Public Offering (IPO).Purpose of the article: The goal of this study was to evaluate whether the price in tender offers of the shares of companies which had fially been excluded from trading on the WSE as a result of the cancellation of the dematerialisation of shares would ensure a positive rate of return for shareholders who have held the shares since this company’s debut on the regulated market of the WSE.Research methods: Public tender offers, announced between 2012 and 2018 on the regulated market of the WSE have been analysed. The analysis covered prices of shares of new listings on the WSE and share prices in the tender offers of 213 companies, out of which 55 companies have been excluded from trading on the regulated market of the WSE as a result of the cancellation of the dematerialisation of shares.Main findings: The results of the research indicate that more than a half of the shareholders who have held the securities of companies in their portfolio since their debut, have suffered losses after companies have been excluded from trading on the WSE as a result of the cancellation of the dematerialisation of shares. Only 11% of the examined companies have generated more than double profit for investors compared with the issue price during their IPO. This research is one of the few studies on the Polish stock market to the best of the author’s knowledge.
Theoretical background: The growth in the number of companies delisted from the Warsaw Stock Exchange (WSE), as a result of the cancellation of the dematerialisation of shares, has become a reason for considerations regarding the share price in tender offers addressed to shareholders who have held company securities since the Initial Public Offering (IPO).Purpose of the article: The goal of this study was to evaluate whether the price in tender offers of the shares of companies which had finally been excluded from trading on the WSE as a result of the cancellation of the dematerialisation of shares would ensure a positive rate of return for shareholders who have held the shares since this company’s debut on the regulated market of the WSE.Research methods: Public tender offers, announced between 2012 and 2018 on the regulated market of the WSE have been analysed. The analysis covered prices of shares of new listings on the WSE and share prices in the tender offers of 213 companies, out of which 55 companies have been excluded from trading on the regulated market of the WSE as a result of the cancellation of the dematerialisation of shares.Main findings: The results of the research indicate that more than a half of the shareholders who have held the securities of companies in their portfolio since their debut, have suffered losses after companies have been excluded from trading on the WSE as a result of the cancellation of the dematerialisation of shares. Only 11% of the examined companies have generated more than double profit for investors compared with the issue price during their IPO. This research is one of the few studies on the Polish stock market to the best of the author’s knowledge.
Źródło:
Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia; 2020, 54, 1
0459-9586
Pojawia się w:
Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Motives and Effects of the Initial Public Offerings on the Warsaw Stock Exchange
Autorzy:
Sosnowski, Tomasz
Powiązania:
https://bibliotekanauki.pl/articles/517283.pdf
Data publikacji:
2015
Wydawca:
Instytut Badań Gospodarczych
Tematy:
initial public offering
primary shares
secondary shares
motives for going public
Opis:
This paper empirically investigates the links between the motives for going public and changes in the market value and efficiency of new stock companies. Using a sample of 200 firms from Warsaw Stock Exchange between 2005 and 2012 I find that the principal purpose of initial public offering is raising additional capital by the company but divestment grounds of initial shareholders are also important. I find evidence that the sale of secondary shares in the initial public offering may be seen as a negative signal at aftermarket performance of the firm. The data reveal that the most adverse long-term changes in the market value and business efficiency are observed for those companies, where in the initial public offering both primary and secondary shares were sold
Źródło:
Equilibrium. Quarterly Journal of Economics and Economic Policy; 2015, 10, 2; 207-222
1689-765X
2353-3293
Pojawia się w:
Equilibrium. Quarterly Journal of Economics and Economic Policy
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Wpływ popytu na akcje notowane na Giełdzie Papierów Wartościowych w Warszawie na płynność rynku
The Influence of the Demand for Warsaw Stock Exchange-Listed Shares on the Market’s Liquidity
Autorzy:
Nawrot, Wioletta
Powiązania:
https://bibliotekanauki.pl/articles/575659.pdf
Data publikacji:
2006-08-31
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
shares
demand
stock exchange
liquidity
market
Opis:
The author analyzes the demand for shares and attempts to determine its influence on the liquidity of the Warsaw Stock Exchange. The analysis was conducted by calculating and bringing together values of key importance to the liquidity of the market and investment activity on the Polish stock market. The analysis showed that the liquidity of the Polish stock market decreased in the analyzed period (1995-2005). First, there was a drop in the value of stock trades in relation to the market’s capitalization. Subsequently, there was a problem involving the substantial concentration of trade on the exchange. On the basis of this situation, attempts were made to check the demand side of the stock market, especially in the institutional investor segment. Analyses conducted by the author indicate that, as a result of a dynamic increase in pension and investment fund assets in 2000-2005, these institutions substantially increased the value of shares in their possession, withdrawing some of the stock from “active” turnover. Over the next few years, more than 40% of the assets invested by these institutions in stock were tied up in the portfolios of open-ended pension funds. However, in the years that followed, assets held by institutional investors were subject to decreased turnover. This seems to indicate that institutional investors could pose a threat to the market’s liquidity by channeling substantial assets to the domestic stock market in a situation in which the supply of shares was insufficient. However, a supplementary examination of the average turnover in WSE-listed shares, particularly those making up the market’s free float, revealed that the activity of institutional investors, though decreasing with each passing year, was several times higher than average investment activity on the stock market. In other words, transactions made by institutional investors were the key driving force behind the market’s liquidity in the analyzed period. Unfortunately, the positive influence of institutional investors decreased in 2003-2005, a period that saw a major increase in pension and investment fund assets. The insufficient-and continually decreasing-liquidity of the stock market, coupled with the dynamic development of the institutional investor segment, particularly pension funds, justifies worries over the liquidity and stable development of the Polish stock market.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2006, 209, 7-8; 59-81
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Wpływ dywidendy na ceny akcji spółek notowanych na Giełdzie Papierów Wartościowych w Warszawie
Impact of Dividend in Prices of Shares of Companies Listed on the Stock Exchange in Warsaw
Autorzy:
Celej, Marta
Powiązania:
https://bibliotekanauki.pl/articles/589553.pdf
Data publikacji:
2014
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Akcje
Dywidenda
Dividend
Shares
Opis:
The article is dedicated to the issue of the payment of dividends by the Polish listed companies. Author makes an attempt to determine the impact of dividends on stock prices, and consequently - relation to them all investors. The analysis was based on the daily quotation of stock prices of companies paying an annual dividend. The survey includes periods were mainly from the General Meeting of Shareholders of the last day of quotations of shares with dividend and cut-off period from the date of the stock dividend to the date on which the stock price reaches the price before that date. The purpose of the empirical analysis was to verify whether the behavior of stock prices during the past occurred in connection with the regularity of dividend and whether it is possible to determine on this basis, the optimal strategy to invest in these values based on the above-average price changes.
Źródło:
Studia Ekonomiczne; 2014, 177; 40-52
2083-8611
Pojawia się w:
Studia Ekonomiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Efektywność informacyjna a zachowanie cen akcji tworzących indeks WIG20
Behavior of WIG20 Index Components Prices from Efficient Capital Markets Theorist Viewpoint
Autorzy:
Buła, Rafał
Powiązania:
https://bibliotekanauki.pl/articles/589621.pdf
Data publikacji:
2014
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Akcje
Ceny akcji
Warszawski Indeks Giełdowy (WIG)
Shares
Shares prices
Warsaw Stock Exchange Index
Opis:
This article deals with problem of informational efficiency of capital markets. In the first part theory of efficient capital markets created by Eugene Fama is described. The evolution of efficient capital market definition is presented and a new one is introduced. In the next part of the article proper null hypothesis is constructed and methods used to verify it are discussed. Author presents three groups of verification techniques: tests of autocorrelation, tests of randomness and unit root tests. In the third part of the text results of these statistical tests applied to prices of shares included in WIG20 index and values of this index as well are described. In the last part of article economic consequences for investors are presented.
Źródło:
Studia Ekonomiczne; 2014, 177; 152-167
2083-8611
Pojawia się w:
Studia Ekonomiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Analiza emisji akcji z prawem poboru na Giełdzie Papierów Wartościowych w Warszawie
Analysis of Shares Issues with Pre-emptive Rights. Evidence from Warsaw Stock Exchange
Autorzy:
Bursa, Tomasz
Powiązania:
https://bibliotekanauki.pl/articles/904998.pdf
Data publikacji:
2009
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Opis:
Choice of capital financing sources is one of the most relevant element of companies strategies. So as to keep long term growth enterprises are either investing in technology, distribution channels and in production capacity or just purchasing their competitors and building vertical or horizontal-merged groups. Both ways of development require additional capital. In the first part of the article some ways of companies financing were presented. Primarily equity-related sources of financing were described, in particular issues with pre-emptive rights and option/warrant embedded instruments. In the second part debt-related and leasing instruments were analyzed. Author focused on each product separately, presenting its construction, types and the best ways of application in enterprise. In the empirical part of the paper author concentrated on influence of the issue with preemptive rights on company's stock price. The analysis was based on Polish Stock Exchange data for the period of 2000-2006 (i.e. value of the issue, parity of new shares to existing shares, issue price). In particular it was analyzed how the stock price changes in pre-emptive rights day in comparison with the closing price from the day before. It was also presented how stock rates fluctuates in the period between the shareholders decision on the issue and pre-emptive rights day in comparison with the changes of major stock index. Finally it was presented whether it is possible to reach extraordinary profits from investing in companies issuing with pre-emptive rights or not.
Źródło:
Acta Universitatis Lodziensis. Folia Oeconomica; 2009, 226
0208-6018
2353-7663
Pojawia się w:
Acta Universitatis Lodziensis. Folia Oeconomica
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
THE MOMENTUM EFFECT EXEMPLIFIES THE INFLUENCE OF INVESTORS’ IRRATIONAL BEHAVIOUR ON CHANGING PRICES OF SHARES AND STOCKS: AN ANALYSIS OF THE MOMENTUM EFFECT ON THE WARSAW STOCK EXCHANGE
Autorzy:
Merło, Paweł
Konarzewski, Patryk
Powiązania:
https://bibliotekanauki.pl/articles/599437.pdf
Data publikacji:
2015
Wydawca:
Wyższa Szkoła Informatyki i Zarządzania z siedzibą w Rzeszowie
Tematy:
capital market
investments
stock exchange
behavioural finances
investors’ irrational actions
the momentum effect
Opis:
An efficient market should not show any anomalies. When new information reaches a market which is efficient, it should automatically translate into prices of assets, which ought to eliminate the possibility of gaining an advantage over other investors, thus preventing excess profits. However, studies on capital markets indicate that in reality it is possible to earn unusually high profits by taking advantage of certain anomalies which occur on a given market. Among such anomalies there is the momentum effect. This study performed on the Stock Exchange in Warsaw has shown that the momentum effect occurred throughout the entire analyzed time period. Positive returns demonstrated for investment strategies based on the momentum effect were unexplainable by the classical theory of finances. A correlation was found between the economic situation on the stock exchange and portfolio return rates, but it was too weak to attribute the effect to a single decisive factor. In addition, the returns from investments based on the momentum effect were statistically higher in January than in the other months, which was caused by the January effect, stimulating the occurrence of statistically higher returns at the beginning of a year rather than later on during the analyzed period of time. Research in this field carried out in other countries justifies the claim that there are many irrational factors which together create the momentum effect on the stock exchange. Thus, it is possible to conclude that irrational decisions may have strong impact on the pricing of stocks on the capital market. The momentum effect persisted throughout the entire analyzed period, although its power changed cyclically, which coincides with results of research carried out in other countries. The fact that the momentum effect did not disappear may suggest that the factors involved in its creation are an indispensable part of the market, and this seems to undermine the commonly accepted hypothesis about the efficiency of capital markets.
Źródło:
Finansowy Kwartalnik Internetowy e-Finanse; 2015, 11, 1; 56-64
1734-039X
Pojawia się w:
Finansowy Kwartalnik Internetowy e-Finanse
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Stopy zwrotu z akcji na podstawie rekomendacji giełdowych banków notowanych na Giełdzie Papierów Wartościowych w Warszawie
The return rates of the shares on the basis of recommendations of exchange banks payable on the Warsaw Stock Exchange
Autorzy:
Wańczyk, Krzysztof
Powiązania:
https://bibliotekanauki.pl/articles/592377.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Ekonomiczny w Katowicach
Tematy:
Giełda Papierów Wartościowych w Warszawie
Inwestycje
Rekomendacje
Rynek kapitałowy
Strategia inwestycyjna
Capital market
Investment strategy
Investments
Recommendations
Warsaw Stock Exchange
Opis:
Celem niniejszego artykułu jest weryfikacja hipotezy, zgodnie z którą rekomendacje giełdowe zalecające kupno akcji banków notowanych na Giełdzie Papierów Wartościowych w Warszawie pozwalają inwestorowi osiągnąć dodatnie stopy zwrotu z inwestycji. Autor badania przeprowadził analizę 704 rekomendacji wydanych przez 32 różne instytucje finansowe między 1 czerwca 2012 a 30 czerwca 2016 r. Pod uwagę wzięto zależność, jaka występuje pomiędzy potencjałem wzrostu notowań danej spółki w dniu wydania rekomendacji a rzeczywistą stopą zwrotu, jaką mógł osiągnąć inwestor, zakupując akcje danej spółki. W badaniach uwzględniono długoterminową stopę zwrotu określaną jako stopę wzrostu osiągniętą po 12 miesiącach od publikacji rekomendacji giełdowej oraz analizowano, jak zachowują się notowania akcji w krótkoterminowej perspektywie, poczynając od dnia wydania rekomendacji do okresu 3 i 6 miesięcy. Uzyskane wyniki pozwalają sądzić, że inwestowanie na podstawie rekomendacji giełdowych zalecających kupno akcji może stanowić wiarygodną ocenę kondycji finansowej emitenta i tym samym pozwala osiągnąć dodatnie stopy zwrotu z inwestycji. Badania wykazały pozytywną zależność między zaleceniem „Kupuj” a stopą zwrotu z inwestycji, która w perspektywie 12 miesięcy od wydania rekomendacji wyniosła +15,96%. Tymczasem w tym samym okresie stopa zwrotu dla rekomendacji „Trzymaj” kształtowała się na poziomie +3,24%, a dla rekomendacji „Sprzedaj” wyniosła +0,66%.
Obtaining the results allows you to believe that stock exchange recommendations can provide a reliable assessment of the financial condition of the issuer and thus provide valuable assistance to the investor in making investment decisions. Research has shown a positive correlation between the “Buy” recommendation and the return on investment, which in the perspective of 12 months after the recommendation was +15.96%. Meanwhile, in the same period, the return rate for the “Hold” rating was +3.24% and the “Sell” recommendation was +0.66%.
Źródło:
Studia Ekonomiczne; 2018, 370; 129-142
2083-8611
Pojawia się w:
Studia Ekonomiczne
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Assessment of investment attractiveness in shares of socially responsible companies based on the RESPECT index in 2009–2017
Autorzy:
Gołaszewska-Kaczan, Urszula
Marcinkiewicz, Jacek
Kilon, Jarosław
Powiązania:
https://bibliotekanauki.pl/articles/653209.pdf
Data publikacji:
2018
Wydawca:
Uniwersytet Łódzki. Wydawnictwo Uniwersytetu Łódzkiego
Tematy:
Corporate Social Responsibility
RESPECT index
Warsaw Stock Exchange
Opis:
Both in theory and practice, it is emphasised that engaging in CSR actions brings many benefits to companies. One of the commonly listed advantages is more trust from investors, which enables the achievement of superior returns from securities issued by socially responsible firms. The paper endeavours to investigate whether this benefit can be also noticed among businesses in the Polish index of socially responsible companies RESPECT. The study involves firms included in the RESPECT index from its inception (November 2011) to the end of 2017. The authors compared the RESPECT index with selected Polish market indices between 2009 and 2017. Empirical studies, based on an analysis of returns, risk, dividend yields, and shareholder structure, facilitated the assessment of the attractiveness of investments in the shares of socially responsible businesses against the background of other firms quoted on the Warsaw Stock Exchange.
Źródło:
Annales. Etyka w Życiu Gospodarczym; 2018, 21, 7; 141-152
1899-2226
2353-4869
Pojawia się w:
Annales. Etyka w Życiu Gospodarczym
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Statistical properties of rates of return of the companies listed on the Warsaw Stock Exchange in the period of 2005-2015
Własności statystyczne stóp zwrotu spółek notowanych na GPW w Warszawie w latach 2005-2015
Autorzy:
Dębski, Wiesław
Feder-Sempach, Ewa
Wójcik, Szymon
Powiązania:
https://bibliotekanauki.pl/articles/425183.pdf
Data publikacji:
2017
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
rates of return
shares listed on stock exchange
statistical properties
bull and bear market
Opis:
The rates of return of listed companies are subject to numerous studies, particularly those listed on the stock exchange. Information about rates of return are useful primarily for investors choosing an investment, estimating its risk and profitability of the investment made. Among these studies, many of them are devoted to the examination of the statistical properties of the rates of return. The aim of the article is to examine the statistical properties of the monthly rates of return of companies listed on the Warsaw Stock Exchange in the period of 2005-2015. Such parameters as mean value, standard deviation, semi-standard deviation, skewness and kurtosis will be studied, and whether the rates of return have a normal distribution. These properties will be investigated for the whole market and broken down into bull and bear market conditions.
Źródło:
Econometrics. Ekonometria. Advances in Applied Data Analytics; 2017, 3 (57); 88-100
1507-3866
Pojawia się w:
Econometrics. Ekonometria. Advances in Applied Data Analytics
Dostawca treści:
Biblioteka Nauki
Artykuł
Wyświetlanie 1-15 z 31

Ta witryna wykorzystuje pliki cookies do przechowywania informacji na Twoim komputerze. Pliki cookies stosujemy w celu świadczenia usług na najwyższym poziomie, w tym w sposób dostosowany do indywidualnych potrzeb. Korzystanie z witryny bez zmiany ustawień dotyczących cookies oznacza, że będą one zamieszczane w Twoim komputerze. W każdym momencie możesz dokonać zmiany ustawień dotyczących cookies