Download or read book Understanding the Polish Capital Market written by Marek Dietl and published by Taylor & Francis. This book was released on 2022-12-30 with total page 371 pages. Available in PDF, EPUB and Kindle. Book excerpt: The first stock exchange in Warsaw – capital city of the Kingdom of Poland– was established in 1817. Over the past 205 years, the fortunes of the capital market have been closely linked to the "bumpy road" of Polish history. The establishment of the GPW Warsaw Stock Exchange in 1991 was a landmark for transformation from a centrally planned communist economy to a market-driven capitalist one. Since the doors of the exchange reopened, Polish GDP per capita (current USD) increased eight times, translating into an average yearly growth rate of over 7%. The capital market has played a pivotal role in the economic success of Poland over the last three decades. It is not easy to precisely quantify the impact, as it was rather a spill-over effect. Economic growth has fostered the development of a capital market, and more efficient conversion of savings to investments via the capital market. The excellence of capital market institutions can be gauged with reference to various parameters. A synthetic measure is so-called market status. According to FTSE Russell (global index provider), Polish capital attained developed market status in 2018, being the first and only post-communist state to do so. It is fair to say that transformation has been completed and developed market status indicates clearly that the institutions and regulations are world class. The current challenge is competing with other developed markets for the best issuers and offering the most demanding investors an excellent trading experience. This book offers scientific insight into the Polish capital market story. Authored by a group of renowned scholars, with contributions aspiring to the highest academic standards for theoretical considerations and empirical research. The book covers various topics, including links between monetary policy and capital markets, micro and macro market structures, and investors and issuers' behaviour and strategies. All chapters are rooted in contemporary finance theory, supported by various econometric models based on the most recently available data. The book aims to provide academics and practitioners insight into the Polish capital market, appealing especially to those interested in gaining a deeper understanding of emerging markets' successful transformation into developed ones. It can also be used as supplementary reading for doctoral and master’s students in finance, particularly relating to capital markets and economics – predominantly development economics and economic policy.
Download or read book Recent Developments in the Polish Capital Market written by Wojciwech Wadolowski and published by . This book was released on 1995 with total page 9 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Perspectives and Forecasts of Development of the Polish Capital Market at the Eve of Poland s Accession to the European Union written by Jerzy Gwizdała and published by . This book was released on 2013 with total page 6 pages. Available in PDF, EPUB and Kindle. Book excerpt: The capital market in Poland is very young. Practically the year 1991 may be considered as the date of its foundation. In order to assess its development and operating principles till now one should compare it with other capital markets -- i.e. the mature markets that have operated for a number of years and the new ones, which. like the Polish market, have only a short history of operation. This comparison makes it necessary to take into account the division of capital markets according to the principles functioning in them -- this division distinguishes markets operating according to the Anglo-Saxon model and markets operating according to the German -- Japanese model. The perspectives of development of the Polish capital market should also be assessed -- in particular taking into consideration the globalization of economy and Poland's accession to the European Union. Because of the liquidation of legal and technical barriers limiting the international transfer of capital, capital markets in particular countries, including Poland, do not form separate, isolated organisms which do not react to economic events taking place in other countries any more.
Download or read book Prospects and Forecasts for the Development of Polish Capital Market in the Wake of EU Accession written by Jerzy Gwizdała and published by . This book was released on 2013 with total page 5 pages. Available in PDF, EPUB and Kindle. Book excerpt: The capital market in Poland is a very recent one, as it only dates back to 1991. To assess its development and functioning to date we have to compare it with other capital markets -- both the mature ones, which have been operating for many years, as well as with others, which, like the Polish market, have a short history. In doing so we have to take into consideration the division of capital markets based on the principles of their operation that have developed there -- such division distinguishes between the Anglo-Saxon and the German-Japanese models of the capital market. We also have to evaluate the prospects for the development of the Polish capital market -- particularly in view of the globalisation of the economy and Poland's accession to the European Union. Since legal and technological barriers restricting transfer of capital between countries are being removed, capital markets in individual countries, Poland included, no longer form discrete and closed organisms that do not react to economic developments in other countries. The freedom of movement of capital resulting from international agreements, coupled with broad access to information and rapid development of electronics, telecommunications and information technology, have practically removed all obstacles to international movement of capital. In a dozen seconds or so you can transfer millions of dollars from the London Stock Exchange to the stoek markets in Warsaw or Tokyo.Another reason why the Polish capital market can be regarded as a global market is the fact that Poland became an OECD member in 1996, and the EU membership is a matter of near rather than distant future. Apart from benefits, this also entails requirements concerning easier access of foreign capital to the Polish market, but also the possibility of transfer of Polish capital to foreign markets.The models of functioning of the banking industry and the capital market as a whole are now being formed in Poland. The process is similar in both cases and we may expect that it will finally result in an intermediate model, based on both, the Anglo-Saxon and the German-Japanese experiences.
Download or read book Stock Liquidity Premium on the Polish Capital Market written by Szymon Stereńczak and published by . This book was released on 2018 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Polish Capital Market written by Martin Hager and published by . This book was released on 1995 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Review of the Status of the Polish Capital Markets written by Anna Belka and published by . This book was released on 1996 with total page 165 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Market Efficiency in the Polish Capital Market written by Mariusz Pietrzak and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Diese Arbeit untersucht Insidergeschäftsaktivitäten im polnischen Kapitalmarkt.
Download or read book Initial Public Offerings on the Polish Capital Market written by Dagmara Loposzynska and published by . This book was released on 2002 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Intellinews Polish Capital Market Report written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effective Investments on Capital Markets written by Waldemar Tarczyński and published by Springer. This book was released on 2019-07-17 with total page 510 pages. Available in PDF, EPUB and Kindle. Book excerpt: This proceedings volume presents current research and innovative solutions into capital markets, particularly in Poland. Featuring contributions presented at the 10th Capital Market Effective Investments (CMEI 2018) conference held in Międzyzdroje, Poland, this book explores the future of capital markets in Poland as well as comparing it with the capital markets of other developed regions around the world. Divided into four parts, the enclosed papers provide a background into the theoretical foundations of capital market investments, explores different approaches—both classical and contemporary—to investment decision making, analyzes the behaviors of investors using experimental economics and behavioral finance, and explores practical issues related to financial market investments, including real case studies. In addition, each part of the book begins with an introductory chapter written by thematic editors that provides an outline of the subject area and a summary of the papers presented.
Download or read book Identification of Sources of the Systematic Risk on the Polish Capital Market written by Anna Zamojska and published by . This book was released on 2013 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt: Arbitrage pricing model (APT) is one of the models that describe risk of investment on the capital market. The model has been widely used in the developed economies. The paper presents an application of the APT model on the Polish capital market, in particular on the stock investment funds. The model allows finding the macroeconomic variables which are the sources of the systematic risk of investment and which influence the behaviour of the rates of returns of funds portfolios.
Download or read book Brokerage houses on the Polish capital market written by Aneta Kazieczko and published by . This book was released on 1997 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Directions of Ownership Reform and Capital Market Development in the Polish Economy written by Witold Walkowiak and published by . This book was released on 1989 with total page 23 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Polish Law of the Capital Market written by Rafa Blicharz and published by . This book was released on 2016 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Effect of Stock Split Announcement on Stock Performance of Neglected Firms from the Polish Capital Market written by Józef Rudnicki and published by . This book was released on 2013 with total page 16 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Poland written by Weltbankgruppe and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Poland's capital markets can play a crucial supporting role to the ongoing economic development and efficient allocation of credit. Capital markets will become increasingly important to meet the long-term funding needs of strategic sectors, including large, medium and small entities. Expansion and diversification of capital market instruments and hedging tools will also be essential to provide adequate investment and risk management vehicles to much needed long-term savings. While capital market offers different sources of financing, this note focuses primarily on the fixed income markets. This technical note is structured as follows. Section II covers each of the main market segments, including money markets, government and non-government bond markets and derivatives markets. Section III provides an examination of the investor base, the current participation of the different investor segments in the bond markets, and recommendations to reach broader and more effective investor diversification. The Section IV is focusing on the critical reform of the Employee Capital Plan (PPK), as one critical group of institutional investors.
