scholarly journals EVALUATION OF FUNDAMENTAL STRENGTH OF FOOD COMPANIES ON THE WARSAW STOCK EXCHANGE

2017 ◽  
Vol 16 (1) ◽  
pp. 93-100
Author(s):  
Waldemar Tarczyński ◽  
Małgorzata Tarczyńska-Łuniewska
Keyword(s):  
Comparative Analysis ◽  
Stock Exchange ◽  
Universal Method ◽  
Food Sector ◽  
Warsaw Stock Exchange ◽  
A Company

The article presents the proposal to apply the (universal) method of assessing the fundamental strength of a company with an example of the Polish food sector. The proposed method belongs to the group of methods of multidimensional comparative analysis and is applicable to the directly immeasurable categories (economic and financial standing, fundamental strength). The problem to be solved is the method of measuring the fundamental strength (attractiveness) of a company. The aim of the paper is to assess the fundamental strength of the food companies in Poland and to identify areas of use the results of research in practical analyses. The article describes how to construct such a measure and how to use it practically. The empirical example included data of food firms listed on the Warsaw Stock Exchange over years 2010–2014. The article presents method for assessing the investment attractiveness of enterprises comprising the food sector in terms of their fundamental strength, namely the long-term investment in their shares.

scholarly journals The Effects of Assets and Debts on Profit Among Advertising, Printing and Media Listed Firms in Indonesia

2018 ◽  
Vol 7 (4.9) ◽  
pp. 232
Author(s):  
Wahyu Indah Mursalini ◽  
Witra Maison ◽  
Juita Sukraini ◽  
Nidia Anggraini Das ◽  
Afniyeni .
Keyword(s):  
Economic Growth ◽  
Comparative Analysis ◽  
Statistical Analysis ◽  
Capital Structure ◽  
Stock Exchange ◽  
Listed Firms ◽  
Corporate Profit ◽  
The Business Cycle ◽  
A Company

The purpose of this study is to determine the effect of assets and debts to company profit. Assets and Debts are the deciding variables to make a company profit. Debt is inversely proportional to profit. Therefore, any company's management must be able to manage the assets and debt of the company to increase corporate profit. Need to explain why Sub Sector Company Advertising Printing and Media on Indonesia Stock Exchange is studies here. Based on the results of research, asset and debt have a significant effect to the profit of Sub Sector Company Advertising Printing and Media listed on Indonesia Stock Exchange. This is evidenced by statistical analysis.  The researcher suggests the inclusion of control variables such as economic growth and capital structure so that the results of research can assist investors in assessing the company. Increase the period of research into 10 years, so that the results of research can describe the condition of the company for the long term and can pay attention to the business cycle. In addition, the study could be replicated on other sectors and comparative analysis could be done accordingly.  

scholarly journals ANALISIS PERBANDINGAN MODEL ZMIJEWSKI DAN GROVER PADA PERUSAHAAN SEMEN DI BEI 2008-2014

2017 ◽  
Vol 4 (3) ◽  
Author(s):  
Ivan Gumilar Sambas Putra ◽  
Rahma Septiani
Keyword(s):  
Comparative Analysis ◽  
Financial Distress ◽  
Stock Exchange ◽  
Model Analysis ◽  
Research Model ◽  
Analysis Model ◽  
Purposive Sampling ◽  
Descriptive Research ◽  
A Company

Each company was founded with the hope of making a profit so that they can survive or thrive in the long term and does not undergo liquidation. In fact, this assumption is not always the case with the well according to expectations. Often a company that has been operating in a certain period of time was forced to disband or liquidated due to financial distress that led to the bankruptcy. then researchers interested in studying with the title Comparative Analysis Model Zmijewski And Grover On Cement Company on the Stock Exchange from 2008 to 2014. The purpose of this study is to determine Zmijewski Model analysis Dan Grover and examine the differences in the method. The method used in this research is a comparative descriptive research model by using purposive sampling, then from 6 companies captured three companies sampled in this study. This study was processed with SPSS so can result in that there are significant differences between the models Zmijewski with Grover models in predicting bankruptcy in a cement company from 2008 to 2014.

WORKING CAPITAL MANAGEMENT IN TRANSPORT INDUSTRY COMPANIES LISTED ON WARSAW STOCK EXCHANGE

2017 ◽  
Vol 67 (0) ◽  
pp. 115-123
Author(s):  
Małgorzata Jarocka ◽  
Ewelina Mandera
Keyword(s):  
Comparative Analysis ◽  
Stock Exchange ◽  
Strong Tendency ◽  
Capital Management ◽  
Working Capital ◽  
Working Capital Management ◽  
Purposive Sampling ◽  
Transport Industry ◽  
Warsaw Stock Exchange

Working capital management in transport companies stems from a variety of factors, the structure of assets being one which should be distinguished. In the transport companies listed on the Warsaw Stock Exchange there is a strong tendency to maintain positive working capital. The method of comparative analysis used in the article is based on purposive sampling cases. The aim of this article is to empirically verify the hypothesis that large transport companies listed on the Warsaw Stock Exchange maintain positive working capital.

scholarly journals Is There Any Relation between Intellectual Capital and the Capital Structure of a Company? The Case of Polish Listed Companies

e-Finanse ◽  
2015 ◽  
Vol 11 (4) ◽  
pp. 23-33
Author(s):  
Monika Bolek ◽  
Katerina Lyroudi
Keyword(s):  
Capital Structure ◽  
Intellectual Capital ◽  
Intangible Assets ◽  
Stock Exchange ◽  
Equity Capital ◽  
Warsaw Stock Exchange ◽  
Relationship Of ◽  
The Relationship ◽  
A Company ◽  
The Capital Structure

Abstract This study investigates the relationship of the intellectual capital of a company (proxied by its intangible assets), with leverage and equity and capital structure. Our empirical results indicate that there is a negative relation between the intellectual capital (intangible assets) of a company and its leverage based on the Warsaw Stock Exchange main market and NewConnect alternative market. Moreover, the equity capital is found positively related to the level of intangibles in each of the two markets. These results support the thesis that intellectual capital (intangible assets) influences the capital structure of a company.

scholarly journals THE INFLUENCE OF THE COVID 19 ON THE BET AND WIG20 INDICES. COMPARATIVE ASPECTS

2021 ◽  
Vol 6 (1) ◽  
pp. 87-95
Author(s):  
Catalin Florin Barnut
Keyword(s):  
Stock Markets ◽  
Stock Exchange ◽  
Sustainable Growth ◽  
Long Term Effects ◽  
Negative Effects ◽  
State Institutions ◽  
Medical Sector ◽  
Starting Point ◽  
Warsaw Stock Exchange

The aim of the paper is to assess the effects of the coronavirus pandemic (COVID – 19) on two stock market indices: BET index for Bucharest Stock Exchange and WIG20 index for Warsaw Stock Exchange. The negative effects of the pandemic have had an influence on the performance of the stock markets since its debut. Many companies as well as sectors have ceased their activity during the outbreak, causing devastating financial losses worldwide. By comparing indices evolution during 2020 using the data available on the stock markets’ websites, as well as analyzing in part the companies that make up the indices portfolio, we will try to present the sectors most affected by the pandemic as well as their evolution during the analysis period. The results of this research can be a starting point for future empirical analysis on the long-term effects of the pandemic on stock markets’ performance for Romania and Poland. The results could be a source of information for state institutions, companies, investors, analysts but also representatives of the medical sector (responsible for crisis management) - in order to observe the severity and magnitude of the negative effects of the coronavirus pandemic on the financial markets and also help develop and ensue their long-term sustainable growth.

scholarly journals Are the Key Persons in Companies also their Key Assets? Evidence from a Transition Economy

2020 ◽  
Vol 31 (5) ◽  
pp. 536-546
Author(s):  
Katarzyna Byrka-Kita ◽  
Mateusz Czerwiński ◽  
Renata Gola
Keyword(s):  
Positive Reaction ◽  
Succession Planning ◽  
Transition Economy ◽  
Stock Exchange ◽  
Investment Strategies ◽  
Upper Echelons Theory ◽  
Warsaw Stock Exchange ◽  
A Company ◽  
Investor Reaction ◽  
Practical Implications

This study examines how published information about the death of a key person in a company has affected its market valuation as listed on the Warsaw Stock Exchange during the period 2005–2017. We find that investors reacted negatively and statistically significantly to information about the death of a key person. Furthermore, we confirmed a positive reaction to the loss of a so-called “entrenched CEO”. The same pattern of investor reaction is observed in more mature markets. These findings seem to support the upper echelons theory and entrenchment hypothesis. The obtained results not only contribute to the development of the theory, but also have significant practical implications. Primarily, investors should take into account such events when they are implementing investment strategies. Further, these results suggest that Polish firms need to undertake more formal succession planning for their executives.

scholarly journals Classification of companies into stock exchange quotation markets using network metrics

2020 ◽  
Vol 2020 (2) ◽  
pp. 275-292
Author(s):  
Dariusz Siudak
Keyword(s):  
Stock Market ◽  
Market Efficiency ◽  
Stock Exchange ◽  
Interlocking Directorates ◽  
Stock Market Efficiency ◽  
Warsaw Stock Exchange ◽  
Board Directors ◽  
Network Metrics ◽  
A Company

The classification of a company into the relevant quotation market is an essential part of stock market efficiency. The aim of the article is to predict the classification of enterprises into the two types of quotation markets on the Warsaw Stock Exchange (i.e. the main one and NewConnect) by means of network measures of the company’s participation in interlocking directorates’ networks. The research was carried out on a network of enterprises established on the basis of their relationships through shared board directors. This network included 460 companies listed on the main exchange, and 442 companies in the NewConnect markets of the Warsaw Stock Exchange respectively (a total of 902 entities) at the end of 2014. The aim of the study is to classify the companies into the appropriate quotation market on the Warsaw Stock Exchange, i.e. the main market (WSE) or NewConnect (NC)

scholarly journals Determinants of audit fees: Evidence from Poland

2020 ◽  
Vol 6 (53) ◽  
pp. 323-336
Author(s):  
Karol Rewczuk ◽  
Piotr Modzelewski
Keyword(s):  
Western Europe ◽  
Central And Eastern Europe ◽  
Stock Exchange ◽  
Financial Statements ◽  
Audit Fees ◽  
The United States ◽  
Accounting Firms ◽  
Warsaw Stock Exchange ◽  
A Company ◽  
Big Four

AbstractUnlike many studies concerning audit fees in Western Europe or the United States, literature concerning this kind of research is very limited in Central and Eastern Europe. This study aimed to show what factors shape audit fees in Poland. It was conducted based on data collected from the financial statements of 111 companies listed on the Warsaw Stock Exchange in 2018. The study used a linear regression model to verify the determinants of audit fees. The research results indicate a positive relationship between audit fees and company size, measures of complexity (in addition to the ratio of inventories and receivables to total assets) and the fact that a company is audited by the ‘Big Four’ accounting firms.

scholarly journals APPLICATION OF SYNTHETIC TAXONOMIC MEASURE TMAI FOR THE ASSESSMENT OF INVESTMENT ATTRACTIVENESS OF THE SELECTED FOOD INDUSTRY COMPANIES LISTED ON THE WARSAW STOCK EXCHANGE IN THE YEARS 2013 – 2016

2018 ◽  
Author(s):  
Monika ZIELIŃSKA-SITKIEWICZ ◽  
Mariola CHRZANOWSKA
Keyword(s):  
Food Industry ◽  
Stock Exchange ◽  
Point Of View ◽  
Food Sector ◽  
Financial Condition ◽  
Beer Industry ◽  
Warsaw Stock Exchange ◽  
Polish Economy ◽  
Profitability Ratios ◽  
Agricultural Food

The food sector is one of the most important and fastest growing branches of the Polish economy. It employs almost 15% of all employees employed in the industry. Polish manufacturers are characterised by high competitiveness both in the EU and in the world. The macroeconomic environment in recent years has been relatively stable for the development of the food industry production in Poland, but the dynamics of agricultural-food products has experienced a slight slowdown. There were also fluctuations in profitability ratios in the sector, which may have been somewhat alarming for the investors. The article attempted to evaluate the investment attractiveness of 24 joint stock companies in the food sector, representing various industries, listed on the Warsaw Stock Exchange. The Taxonomic Measure of the Attractiveness of Investments (TMAI) and the company rankings were created for the years 2013 – 2016. The results showed that the Wawel and Astarta companies were at the top of the rankings in the studied years, representing the confectionery and the sugar sector, and the Żywiec company from the beer industry. The meat and fish processing companies were more or less centred on the scale. The companies KSG Argo, Milkiland, Wilbo, Pepees and Pamapol involved in the agricultural-food production and processing received the poorest evaluations of the investment attractiveness. The synthetic taxonomic TMAI measure makes it possible to build company rankings within the analyzed group, from the point of view of the assessment of the financial condition and investment attractiveness of the surveyed companies. It can provide additional help in assessing the company’s situation, e.g., for the investors.

The review of the financial strategies of Polish wood-industry companies listed on the Warsaw Stock Exchange

2021 ◽  
Vol 115 ◽  
pp. 37-44
Author(s):  
Justyna Biernacka
Keyword(s):  
Stock Exchange ◽  
Equity Capital ◽  
Wood Industry ◽  
Total Debt ◽  
Capital Share ◽  
Warsaw Stock Exchange ◽  
High Volatility ◽  
Financial Strategies ◽  
Financing Strategy

The review of the financial strategies of Polish wood-industry companies listed on the Warsaw Stock Exchange. The paper focuses on the analysis of the financing strategies of wood industry enterprises listed on Warsaw Stock Exchange in 2018 - 2020. This paper examines three main values characterising company's financing strategy: equity capital share in total capital, equity capital share in fixed assets and long-term debt share in total debt. The data for calculations was taken from publicly available quarterly financial statements of analysed entities from 1st quarter of 2018 to 3rd quarter of 2020. The analysis showed that moderate financing strategy was used by Biofactory and KLON companies and an aggressive strategy was used by Standrew. KPPD financing strategy was not possible to clearly define due to the high volatility of values of examined ratios and depend on the considered period. The highest variability in the structure of foreign capital was observed in KLON - in this company the highest level of long-term debt was observed (above 70% of total debt).

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