World financial centers have an impact on the economies around the world. This particularly applies for the US equity market. Transactions which are performed on the US market define market trends in most of the world's financial markets, the only question that arises "is to what extent"....

In this paper we investigate sources and characteristics of value, size and momentum profits on the Polish stock market. The research aims to broaden the academic knowledge in a few ways. First, we deliver fresh out-of-sample evidence on value, momentum, and size premiums. Second, we analyzemthe...