INFLUENCE OF THE ECONOMIC AND FINANCIAL CONDITION OF STRATEGIC SHAREHOLDERS UPON THE MARKET VALUE OF COMMERCIAL BANKS IN THE POLISH BANKING SECTOR
Journal Title: e-Finanse - Year 2014, Vol 10, Issue 2
Abstract
The objective of the paper is to analyse the influence of information about economic and financial problems of strategic shareholders upon the market value of commercial banks operating in the Polish banking sector. The analysis included fourteen such cases from the years 2007-2014. The results clearly indicate that investors consider the foundations of the operation of commercial banks in Poland to be very solid. Problems of strategic shareholders led to only slight depreciation of the banks’ securities quoted at the Warsaw Stock Exchange in the period directly after publication of the information. Investors decided that problems of parent companies were unlikely to threaten the stability of banks operating in the Polish banking sector.
Authors and Affiliations
Zbigniew Korzeb
Keywords
Related Articles
- EP ID EP121518
- DOI -
- Views 109
- Downloads 0
TERMINAL VALUE CALCULATION IN DCF VALUATION MODELS: AN EMPIRICAL VERIFICATION
The paper presents an empirical verification of the main assumptions underlying the calculation of terminal value in DCF valuation models. The test results suggest that the volatility of free cash flows and the dynamism...
LOCAL TAXES AND FEES AS A SOURCE OF REVENUE FOR POLISH MUNICIPALITIES: SUBSTITUTES OR COMPLEMENTS?
The main purpose of this article is analysis of the relationship between local tax and fee policies in Poland. We argue that local authorities have similar and significant discretion over tax and fee policy and, therefor...
Atrakcyjność polskich miast dla rozwoju outsourcingu i analiza korzyści dla regionu
W krajach zachodnich outsourcing od lat jest integralną częścią wielu biznesów, w Polsce zaś coraz częściej postrzegany jest jako efektywne narzędzie i część długofalowej strategii rozwoju. Mimo iż Polska stawia pierwsze...
MONETARY POLICY IN POLAND – HOW THE FINANCIAL CRISIS CHANGED THE CENTRAL BANK’S PREFERENCES
The aim of the study is to analyze the preferences of the Polish central bank concerning inflation and output gap stabilization and verification, and whether these preferences changed after the beginning of the global fi...
ACCOUTING AND MARKETING DIMENSIONS OF INNOVATIONS
Innovations are an important, although imprecise conceptual category. They are perceived differently depending on the accepted scientific perspective. The article verifies the concept of innovation in terms of marketing...