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Czasopismo
2020 | 19 | nr 2 | 249--259
Tytuł artykułu

Political Risk on Polish Capital Market

Warianty tytułu
Języki publikacji
EN
Abstrakty
EN
Motivation: The problem of political risk occurrence in the functioning of the economy should be subjected to scientific analysis. At the same time, various manifestations of political risk, its intensity and effects can be pointed out. Since the capital market is also an essential part of the modern economy, the following relationships should be analyzed: political risk - capital market. Aim: The purpose of the article is to draw attention to political risk on the Polish capital market and to present the results of own research on this issue. Results: The article describes selected aspects of political risk on the Polish capital market. The analysis includes both theoretical and empirical approach. An important part of the study is the presentation of the results of own research conducted on a sample of individual investors in 2014 and 2020 with the support of the Polish Association of Individual Investors. In the opinion of individual investors, the negative impact of political risk on the Polish capital market is increasing. (original abstract)
Czasopismo
Rocznik
Tom
19
Numer
Strony
249--259
Opis fizyczny
Twórcy
  • Nicolaus Copernicus University in Toruń, Poland
Bibliografia
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  • Dziawgo, L. (2014). Political risk on the financial market: the problem of adequate scientific assessment of business operations: the naivety of economists. The Financial Internet Quarterly, 9(4).
  • EY. (2019). Political risk and corporate performance: mapping impact. Retrieved 07.03.2020 from https://ey.com.
  • Hassan, T.A., Hollander, S., van Lent, L., & Tahoun, A. (2019). Firm-level political risk: measurement and effects. The Quarterly Journal of Economics, 134(4). doi:10.1093/qje/qjz021.
  • Henisz, W.J., & Zelner, B.A. (2010). The hidden risks in emerging markets, Harvard Business Review, April.
  • Hoti, S., & McAleer, M. (2004). An empirical assessment of country risk ratings and associated models. Journal of Economic Surveys, 18(4). doi:10.1111/j.0950-0804.2004.00230.x.
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  • Knight, F.H. (1921). Risk, uncertainty and profit. Boston: Houghton Mifflin.
  • Lensink, R., Hermes, N., & Murinde, V. (2000). Capital flight and political risk. Journal of International Money and Finance, 19(1). doi:10.1016/S0261-5606(99)00034-0.
  • LeRoy, S.F., & Singell, L.D. (1987). Knight on risk and uncertainty. Journal of Political Economy, 95(2).
  • Loikas, A. (2003). A government analysis of political risk: exploring equilibrium, instability, and pluralism at the local, national and supranational level in Europe. Unpublished doctoral dissertation, Turku School of Economics and Business Administration.
  • Papaioannou, E. (2009). What drives international financial flows: politics, institutions and other determinants. Journal of Development Economics, 88(2). doi:10.1016/j.jdeveco.2008.04.001.
  • Sottilotta, C.E. (2013). Political risk: concepts, definitions, challenges. LUISS School of Government Working Papers Series, SOG-WP6/2013.
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  • Ustawa z dnia 24 lipca 2015 r. o kontroli niektórych inwestycji [Certain Investments Control Act of 24 July 2015] (Dz.U. 2015 poz. 1272) (Poland).
  • Villar, D., & Jensen, N. (2011). World investment and political risk 2011. Retrieved 10.05.2020 from http://documents.worldbank.org.
Typ dokumentu
Bibliografia
Identyfikatory
Identyfikator YADDA
bwmeta1.element.ekon-element-000171594639

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