Analiza porównawcza znaczenia wyników finansowych i przepływów pieniężnych dla wartości rynkowej w polskim sektorze bankowym

• Authors: Piotr Bolibok
• Languages of publication: PL

Abstracts

PL

The paper compares the relevance of earnings and cash flows for market valuein the Polish banking sector. The study used linear regression analysis based onthe data from separate and consolidated financial statements of 18 domesticallybasedcommercial banks listed on the Warsaw Stock Exchange over the period1998–2013. The results indicate that net earnings reported by the examined banksare more value-relevant than both net cash flows and cash flows to equity.

Keywords

PL

market value, banks, earnings, cash flows

• Publisher: Szkoła Główna Handlowa w Warszawie
• Journal: Kwartalnik Kolegium Ekonomiczno-Społecznego Studia i Prace
• Year: 2015
• Volume: 3
• Issue: 2
• Pages: 51-62

Dates

published

2015-12-13

Contributors

author

Piotr Bolibok

Identifiers

DOI

10.33119/KKESSiP.2015.2.3.4