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2016 | 17 | 4 | 40-49
Article title

VALUE RELEVANCE OF COMPANIES’ FINANCIAL STATEMENTS IN POLAND

Content
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EN
Abstracts
EN
Paper presents three attempts to model the relationship between financial reports of the companies listed on the Warsaw Stock Exchange and their market valuation. Main sections of the paper include: (1) overview of the contemporary issues in the “value relevance” studies with reference to the methodology of financial microeconometrics, (2) outcome of the research by M. Kubik-Kwiatkowska on value relevance of annual and quarterly reports, (3) results of the attempts by R. Bilicz on the association between E/P ratio and quarterly accounting data, (4) findings by A. Pernach on the relationship between ROIC or revenue and the market value. All results show that various connections between financials and valuation exist, depending on the approach.
Contributors
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References
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  • Bilicz R. (2015) Cena akcji spółek notowanych na Giełdzie Papierów Wartościowych w Warszawie a wyniki kwartalne – analiza ekonometryczna [Share prices of companies listed on Warsaw Stock Exchange and their quarterly financial results – econometric analysis]. Master thesis, SGH Warsaw School of Economics (unpublished).
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  • Pernach A. (2015) Wpływ ROIC i przychodów przedsiębiorstwa na jego wartość [Impact of ROIC and revenues on the value of companies]. Bachelor thesis, SGH Warsaw School of Economics (unpublished).
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Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-2f1562cd-ed35-4697-b37e-2c606d6878b6
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