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EN
Although Polish capital market is much younger than West European capital markets, it is well equipped in modern technical infrastructure and its regulation does not differ from world standards. Nevertheless there are many inner and foreign factors determining further improvement of both quality and scale of Polish capital market development. It is necessary to identify these factors to enable full and effective growth of Warsaw Stock Exchange and therefore minimise existing threats and to maximise development opportunities. The threats and opportunities presented in the article should be constantly verified by people practically engaged in Stock Exchange activities.
EN
The aim of the research is to verify the hypothesis of the weak form of efficiency of the Polish capital market. The research is conducted for the WIG20 index and subindexes constructed for sectors on the basis of quotations of companies that are included in the WIG20 index. In the paper, the Quenouille's test for autocorrelation coefficients, runs test and unit root test have been used. The research covers the period from 3.01.2000 to 29.12.2006.
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