Zmiany popytu i podaży pod wpływem informacji giełdowych na Warszawskiej Giełdzie Papierów Wartościowych

• Autorzy: Dariusz Fatuła

Warianty tytułu

Fluctuations of Demand and Supply Ocassioned by Information at Warsaw Stock Exchange

• Języki publikacji: PL

Abstrakty

Na przykładzie akcji Banku Przemysłowo-Handlowego i firmy Zasada pokazano zmiany popytu i podaży na te akcje w kilku okresach 1996 roku- wynikające z informacji płynących z samej giełdy.

EN

The paper commences from an analysis of an interdependence between demand and supply on the one hand and the changes in price and volume of shares traded on the other. The inderdependence presented results from the general equilibrium theory. Changes of price and volume permit prediction of the direction in which demand and supply will swing. The author has also considered a possibility of a certain regularity between information on the trading sessions and subsequent fluctuations of demand and supply. He has also presented the principles of encoding of the above mentioned fluctuations and information available after each day's trading. The author has then selected 26 variables representing information on price and share volume fluctuations, status at the closing of the main and additional trading sessions, changes of WSE index, changes in the volume of trade for the whole floor and the variations of fall and increase of share prices. The majority of variables comes from five subsequent periods preceding the correlation in question and to analyze it use has been made of the discriminating analysis method. One sample analysis takes up the share of BPH. The method used has yielded 85% correlation between the real changes of demand and supply and the predictions tendered by the model in question. Another example deals with the shares of "Zasada" and focuses on two subsequent periods in which the mutual correlation of information and demand and supply changes undergo some modifications.(original abstract)

Słowa kluczowe

PL

Akcje; Podaż; Popyt

EN

Shares; Supply; Demand

• Czasopismo: Zeszyty Naukowe / Akademia Ekonomiczna w Krakowie
• Rocznik: 1998
• Numer: nr 513
• Strony: 17--27

Twórcy

autor

Dariusz Fatuła

Bibliografia

• Analiza Rynku - systemy i mechanizmy (1993), praca zbiorowa pod red. S. Mynarskiego, AE, Kraków.
• Mynarski S. (1996). Dyfuzja popytu i podaży na rynku papierów wartościowych, Miesięcznik Analiz Polskiego Rynku Kapitałowego, "Penetrator", styczeń.