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The low price effect on the Polish market

Zaremba, Adam; Żmudziński, Radosław - In: E-Finanse : finansowy kwartalnik internetowy 10 (2014) 1, pp. 69-85

In this paper we investigate the characteristics of the low price anomaly, which implies higher returns to stocks with a low nominal price. The research aims to broaden academic knowledge in a few ways. Firstly, we deliver some fresh evidence on the low price effect from the Polish market....

Persistent link: https://www.econbiz.de/10010390247

Ramadan effect on stock market return and trade volume : evidence from Dhaka Stock Exchange (DSE)

Hassan, Md. Hashibul; Kayser, Md. Shahidullah - In: Cogent economics & finance 7 (2019) 1, pp. 1-10

A predictable pattern of stock market return is the violation of the efficient market hypothesis (EMH). It is well studied and evident in financial literature that stock markets around the world have predictable patterns, e.g. calendar effect, behavioural effect, and Religious festival effect....

Persistent link: https://www.econbiz.de/10012023939

Momentum Effect on the Mexican Stock Exchange

Cervantes, Mauricio - 2014

The main objective of this research is to analyze whether the momentum effect (Jegadeesh, 1990) and the long-term reverse effect (DeBondt and Thaler, 1985) are observed at the Mexican Stock Exchange, their magnitude, and their significance. These anomalies challenge the efficient market...

Persistent link: https://www.econbiz.de/10013059258

The Initial Public Offerings (IPO) on the Warsaw Stock Exchange in the Years 2006, 2007. The Issue Costs and the Value of the Discount Rate for Lack of Marketability (DLOM)

Mikołajewicz, Grzegorz - 2021

The article presents transaction costs connected with selling assets, as well as the value of liquidity for investors, and the methods of including the lack of marketability (DLOM) in the process of valuing private companies. The studies results concerning the illiquidity discount, presented in...

Persistent link: https://www.econbiz.de/10013311245

The profitability of following analyst recommendations on the Polish stock market

Zaremba, Adam; Konieczka, Przemysław - In: E-Finanse : finansowy kwartalnik internetowy 11 (2015) 1, pp. 22-31

analysts' recommendations from Poland. Second, it examines the relations between these patterns and the size of the rated … use monthly stock level data from Poland and the sample period is 2004 - 2013. In order to examine the profitability of …

Persistent link: https://www.econbiz.de/10011393259

The impact of the january effect on the IPO underpricing in Poland

Wołoszyn, Adrian; Zarzecki, Dariusz - In: Folia oeconomica Stetinensia : FOS 13 (2013) 1, pp. 121-135

Persistent link: https://www.econbiz.de/10010373467

The impact of foreign stock exchanges on the main stock exchange indexes in Poland

Augustyński, Iwo - In: E-Finanse : finansowy kwartalnik internetowy 7 (2011) 1, pp. 1-12

Russian and American economic crisis and Poland's access to the European Union. -- stock indexes ; international capital flow …

Persistent link: https://www.econbiz.de/10009510812

Do extreme market value ratios mean that the market is informationally inefficient? : a study of the Warsaw Stock Exchange

Karasiński, Jacek; Zduńczak, Patryk - In: Journal of economics & management 43 (2021) 1, pp. 206-224

Aim/purpose - The aim of this paper is to verify whether extremely high values of market value ratios are the symptoms of informational inefficiency of the market in a weak form. The authors intend to examine whether these phenomena co-occur with each other. Design/methodology/approach -...

Persistent link: https://www.econbiz.de/10013166614

State-Dependent Stock Liquidity Premium : The Case of the Warsaw Stock Exchange

Stereńczak, Szymon - 2019

Eastern Europe, hence the results of this research should be of great interest for investors and policy makers in Poland and …

Persistent link: https://www.econbiz.de/10012891008

Does it pay to invest in IPOs? Evidence from the Warsaw Stock Exchange

Sieradzki, Rafał - Narodowy Bank Polski - 2013

In this paper we analyze IPO underpricing on the Warsaw Stock Exchange between 2003 and 2011. The average initial … NewConnect platform. This observation goes against information asymmetry theories of IPOs underpricing. Also the abnormal initial … return was the highest in case of the latter companies. Four determinants of IPOs underpricing proved to be significant at 0 …

Persistent link: https://www.econbiz.de/10010608053