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Abstrakty
The development of the capital market made access to information about joint-stock companies on the market universal and free of expenses. Depending on the capital market's extent of effectiveness these information are variously reflected in share prices of joint-stock companies. This article aims to examine whether the announcement of publicly available information - quarterly earnings announcements of joint stock companies including their level - affects share prices of joint-stock companies on the Warsaw Stock Exchange. This article is also to study whether an investor using that fact has an ability to achieve above-average rates of return.(original abstract)
Słowa kluczowe
Twórcy
autor
- Poznan University of Economics, Poland
Bibliografia
- Gurgul H.: Analiza zdarzeń na rynkach akcji. Wpływ informacji na ceny papierów wartościowych. Wydawnictwo Oficyna Ekonomiczna, Kraków 2006
- Pynnönen S.: On regression based event study. Acta Wasaensia 2005,
- Campbell J.Y., Lo A.W., MacKinlay A.C.: The Econometrics of Financial Markets. Princeton University Press. Princeton, New Jersey 1997,
- Foster G., Olsen C., Shelvin T.: Earnings Releases. Anomalies and the Behaviour of Security Returns. The Accounting Review 1984
- Giełda Papierów Wartościowych: www.gwpinfostrefa.pl [12.10.2012]
Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171498610