Full-text resources of CEJSH and other databases are now available in the new Library of Science.
Visit https://bibliotekanauki.pl

Results found: 3

first rewind previous Page / 1 next fast forward last

Search results

help Sort By:

help Limit search:
first rewind previous Page / 1 next fast forward last
1

SOME ASPECTS OF DEBT SECURITIES VALUATION IN DISCRETE TIME

100%
Karpio A.
Optimum. Studia Ekonomiczne
|
2008
|
issue 3(39)
189-198
EN
The work concerns valuation of debt securities without many simplifying assumptions. For example, for coupon bonds we assume, that coupon periods are not equal and yield curve is not flat, pricing is accomplished with and without assumption about reinvestment of coupon payments. In practice, on capital market, coupon rates are linear function of forward rates, so some formulae for intrinsic value of bonds are given in this case and their properties are discussed.
2
Publication available in full text mode
Content available

THE INFLUENCE OF PENSION FUNDS ON THE POLISH CAPITAL MARKET

63%
Karpio A., Żebrowska-Suchodolska D.
Metody Ilościowe w Badaniach Ekonomicznych
|
2014
|
vol. 15
|
issue 1
50-57
EN
Open pension funds have existed on the Polish financial market since 1999. They are institutions which create this market by investing part of their members’ superannuation. So, it is difficult to overestimate their significance from a social point of view. Authors have presented results of quantitative investigations of the share of pension funds in this market from 2001 to 2012. Main attention is concentrated on WSE because pension funds invest in stocks and bonds (government, municipal etc.) listed on the Polish ex-change and these securities are the principal components of their portfolios.
3
Publication available in full text mode
Content available

EFEKTYWNOŚĆ INWESTYCYJNA POLSKICH FUNDUSZY EMERYTALNYCH W OKRESIE ZMIAN ZASAD PRAWNYCH

63%
Karpio A., Żebrowska-Suchodolska D.
Metody Ilościowe w Badaniach Ekonomicznych
|
2016
|
vol. 17
|
issue 3
64-72
PL
Praca dotyczy oceny wyników inwestycyjnych osiągniętych przez 12 otwartych funduszy emerytalnych funkcjonujących na polskim rynku kapitałowym w latach 2012-1016. Okres badań został wybrany zgod¬nie ze zmianami prawnymi wprowadzonymi w 2014 roku i został podzielony na dwa podokresy: styczeń 2012 styczeń 2014 oraz luty 2014 – luty 2016. Miary efektywności obliczono biorąc pod uwagę tygodniowe stopy zwrotu i na ich podstawie utworzono rankingi otwartych funduszy emerytalnych. W badaniach wykorzystano współczynniki: beta, informacyjny, Sharpe’a Israelsena, Calmar, Omega oraz UPR.
EN
This paper deals with the assessment of the investment results achieved by 14 pension funds functioning on the Polish capital market in 2012-2016. The period has been chosen with regard to the legal changes that came into force in 2014 and it was divided into two periods: January 2012 – January 2014 and February 2014 – February 2016. The effectiveness measures were calculated taking into account weekly rates of return and rankings of pension funds were created. The following coefficients were taken into consideration: beta coefficients, Information Ratio, Sharpe-Israelsen, Calmar, Omega and UPR.
first rewind previous Page / 1 next fast forward last
JavaScript is turned off in your web browser. Turn it on to take full advantage of this site, then refresh the page.