THE INFLUENCE OF THE RECENT FINANCIAL CRISIS ON THE FINANCIAL SITUATION OF POLISH LISTED COMPANIES

Jerzy Różański and Paweł Kopczyński
Additional contact information
Jerzy Różański: Univerity of Lodz
Paweł Kopczyński: Univerity of Lodz

Financial Internet Quarterly, 2017, vol. 13, issue 4, 110-126

Abstract: The recent financial crisis that began in 2007, also known as the Global Financial Crisis, had a huge influence on the financial situations of enterprises and financial institutions around the world. The situation on world stock markets was also strongly affected by the crisis. As the behavior of investors may be affected by various factors which can impact their decisions on the stock exchanges, some of them may be unable to act in a rational manner and make the right decisions. The huge drop in share prices on world stock markets was visible in the early stages of the crisis. The share price does not always reflect the real situation of the company. The main purpose of this article is to evaluate the influence of the recent financial crisis on the financial situation and performance of Polish listed companies. Financial ratios will be utilized to evaluate the real changes in the financial situation of Polish listed companies during the crisis. A large group of companies will be covered by the survey in order to assess the impact of macroeconomic factors on the financial situations of enterprises in different phases of the crisis. Market tests will not be applied because they may be affected by changes in share prices which in turn are often affected by irrational decision-making and fear.

Keywords: financial statement analysis; financial situation and performance of listed companies; global financial crisis; financial ratios (search for similar items in EconPapers)
Date: 2017
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journals.wsiz.edu.pl/fiq/article/view/679 Abstract page (text/html)
https://journals.wsiz.edu.pl/fiq/article/download/679/640 Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsz:fiq000:v:13:y:2017:i:4:id:679

DOI: 10.1515/fiqf-2016-0040

Access Statistics for this article

More articles in Financial Internet Quarterly from University of Information Technology and Management in Rzeszów
Bibliographic data for series maintained by Wiesław Stręciwilk ().