The Influence of the Recent Financial Crisis on the Financial Situation of Polish Listed Companies

• Autorzy: Jerzy Różański , Paweł Kopczyński
• Języki publikacji: EN

Abstrakty

EN

The recent financial crisis that began in 2007, also known as the Global Financial Crisis, had a huge influence on the financial situations of enterprises and financial institutions around the world. The situation on world stock markets was also strongly affected by the crisis. As the behavior of investors may be affected by various factors which can impact their decisions on the stock exchanges, some of them may be unable to act in a rational manner and make the right decisions. The huge drop in share prices on world stock markets was visible in the early stages of the crisis. The share price does not always reflect the real situation of the company. The main purpose of this article is to evaluate the influence of the recent financial crisis on the financial situation and performance of Polish listed companies. Financial ratios will be utilized to evaluate the real changes in the financial situation of Polish listed companies during the crisis. A large group of companies will be covered by the survey in order to assess the impact of macroeconomic factors on the financial situations of enterprises in different phases of the crisis. Market tests will not be applied because they may be affected by changes in share prices which in turn are often affected by irrational decision-making and fear. (original abstract)

Słowa kluczowe

EN

Audit of financial statement; Financial situation; Financial performance; Stock market companies; Financial crisis; Financial indicators

PL

Badanie sprawozdań finansowych; Sytuacja finansowa; Wynik finansowy; Spółki giełdowe; Kryzys finansowy; Wskaźniki finansowe

• Czasopismo: e-Finanse
• Rocznik: 2017
• Tom: 13
• Numer: nr 4
• Strony: 110--126

Twórcy

autor

Jerzy Różański

• University of Lodz

autor

Paweł Kopczyński

• University of Lodz

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Identyfikatory

DOI

10.1515/fiqf-2016-0040