Zjawisko krótkookresowości na rynku kapitałowym – motywy i implikacje

• Authors: Agnieszka Anna Majewska
• Languages of publication: PL

Abstracts

PL

Celem artykułu jest zwrócenie uwagi i ocena działań prowadzących do nadmiernego koncentrowania się na korzyściach krótkoterminowych. W oparciu o dostępną literaturę zostaną wyodrębnione działania przyczyniające się do nasilania się zjawiska krótkookresowości. Można sformułować hipotezę, że skupianie się uczestników rynku kapitałowego na celach bieżących powoduje pominięcie bądź niedostateczne uwzględnianie celów długoterminowych. Rozważania prowadzone w artykule, oprócz analizy i diagnozy badanego zjawiska, wskażą możliwe działania przyczyniające się do większego zorientowania podmiotów rynku na celach długoterminowych.

EN

The main goal of the article is to focus an attention on the activities leading to the excessive investors’ concentration on the short-term benefits and on the evaluation of such activities in the next step. Such practices are particularly visible in the case of public companies and investments on the capital market. The factors that contributed to short-termism are described on the base of the literature review. They are as follow: reduced trading times, increasing role of institutional investors and shortened CEOs tenure. A number of studies shows that should be a balance between short-, medium- and long-term goals.

Keywords

PL

krótkookresowość; struktura akcjonariatu; krótkookresowy zysk

EN

short-termism; shareholder structure; short-term earnings

• Publisher: Wydawnictwo Uniwersytetu Marii Curie-Skłodowskiej
• Journal: Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia
• Year: 2015
• Volume: 49
• Issue: 4

Dates

published

2015

online

2016-01-28

Contributors

author

Agnieszka Anna Majewska

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Identifiers

DOI

10.17951/h.2015.49.4.355