The launch of financial reforms in Central and Eastern Europe (CEE) at the beginning of the 1990s stimulated increased interest of investors and academics in the newly-born stock markets of this region. Most of the existing studies, however, consider a group of the CEE markets, stressing their...

This thesis contributes to the literature by providing new insights into the patterns and market implications of insider trading. The inferences presented here are based on the insider trading reports filed with the Polish Securities and Exchange Commission and the New Zealand Exchange. First,...

The thesis consists of four separate papers that can be read individually.In the first paper “Efficiency of the Polish Banking Industry: Foreignversus Domestic Banks” we analyze the efficiency of foreign and domesticbanks. The second paper entitled “Foreign Acquisitions and Industry...