The paper is associated with value relevance research, investigating whether information from financial reports is reflected in the value of listed companies. The study includes annual reports of 440 companies listed on the Warsaw Stock Exchange in Poland in the years from 2000 to 2010. Models...

Quantitative research on corporate governance is mostly rooted in microeconometrics. Paper debates the financial edge of microeconometrics and its relevance to corporate governance. The considerations are illustrated with the examples from Central and Eastern Europe

Recent ratings of corporate governance for the companies listed on Warsaw Stock Exchange are presented: the Polish Corporate Governance Forum (PFCG) ratings and Polish Institute of Directors (PID) ratings. The association between PFCG and PID ratings, measured by the rank correlation...

The paper presents a method for lottery valuation using the relative utility function. This function was presented by Kontek (2009) as 'the aspiration function' and resembles the utility curve proposed by Markowitz (1952A). The paper discusses lotteries with discrete and continuous outcome...

In this paper, we follow the econometric approach to assess relative importance of real interest rate and real exchange rate for the monetary conditions in Poland, quantified as weights for Monetary Conditions Index (MCI). We consider both single- and multiple-equation specifications proposed in...

This study examines the relationship between the future stock returns and the fundamental indices for companies listed on the Warsaw Stock Exchange in Poland. The fundamental exogenous variables were constructed following the previous research of Lev and Thiagarajan [1993], Abarbanell and Bushee...