Wpływ czynników makroekonomicznych na ceny akcji na polskim rynku giełdowym

• Authors: Marta Celej

Title variants

EN

Impact of Macroeconomic Factors on Prices Listed on the Polish Stock Market

• Languages of publication: PL

Abstracts

EN

The article is devoted to analysis of correlation between rates of return of stocks and stock market indexes listed on the Stock Exchange in Warsaw with dynamics of macroeconomic and market factors. The purpose of this article was attempt to determine whether there factors are correlated linearly with changes of stock prices on the stock market and the degree of this dependence. Assuming that the variables are stationary, empirical studies was based on Pearson's linear correlation coefficients. There were analyzed 427 stocks and 18 indexes for the whole period of their quotations. On this basis there were set the number of companies whose correlation coefficient was located at certain intervals in the range of -1 to 1, according to the J. Guilford's classification, and the percentage of these companies.

Keywords

PL

Ceny akcji; Giełda; Giełda papierów wartościowych; Uwarunkowania makroekonomiczne

EN

Macroeconomic conditions; Shares prices; Stock exchange; Stock market

• Publisher: Uniwersytet Ekonomiczny w Katowicach
• Journal: Studia Ekonomiczne
• Year: 2014
• Volume: 204
• Pages: 30-46

Contributors

author

Marta Celej

References

• Barro J.R., Makroekonomia, PWE, Warszawa 1997.
• Begg D., Dornbusch R., Fischer S., Makroekonomia, PWE, Warszawa 2007.
• http://bankier.pl/inwestowanie/notowania/macro.html.
• http://www.gpw.pl/notowania_archiwalne.
• http://www.stat.gov.pl.
• Nasiłowski M., System rynkowy, Key Text, Warszawa 2007.
• Pasztyła A., Analiza kursów akcji z wykorzystaniem metody ICA, materiał będący własnością firmy StatSoft Polska Sp. z o.o., http://www.statsoft.pl/czytelnia/finanse/pdf/04ica.pdf.
• Taylor J.B., Weerapana A., Economics, Houghton Mifflin Company, Boston-New York 2009.

Identifiers

ISSN

2083-8611