Standing finansowy spolek groszowych notowanych na Gieldzie Papierow Wartosciowych w Warszawie (Financial Standing of Penny Companies Listed on the Warsaw Stock Exchange)

Magdalena Lesiak ()
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Magdalena Lesiak: Katedra Finansow Korporacji, Wydzial Ekonomiczno-Socjologiczny, Uniwersytet Lodzki

Research Reports, 2023, vol. 1, issue 38, 52-63

Abstract: Purpose: The main aim of the article is to assess the financial standing of penny companies listed on the Warsaw Stock Exchange. Design/methodology/approach: To determine the financial condition of the analyzed entities, the evaluation system was used in two analytical dimensions, i.e. economic and financial analysis in the area of operational efficiency, debt, financial liquidity and profitability, as well as statistical measures to assess the diversity of individual indicators. Findings: The results of the analysis showed that penny companies, to a large extent, were not characterized by a high degree of indebtedness, low financial liquidity or a lack of profits, which characterizes entities threatened with bankruptcy. Research limitations/implications: The result of the analysis carried out entitles us to conclude that penny companies are not entities that can be categorically classified as entities threatened with bankruptcy. Originality/value: The article is a study on the results of research in the area of the financial condition of penny companies listed on the Warsaw Stock Exchange.

Keywords: economic and financial analysis; financial standing; statistical measures; Warsaw Stock Exchange; penny companies (search for similar items in EconPapers)
JEL-codes: G1 K0 N2 (search for similar items in EconPapers)
Date: 2023
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Persistent link: https://EconPapers.repec.org/RePEc:sgm:resrep:v:1:i:38:y:2023:p:52-63

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