Search results for query: Kadlec

1. Analysis of the Impact of the Crisis Caused by COVID-19 in the Intercultural Environment With Reference of the Economic Factors
   

   Author: Željka Kadlec, Marija Žunić, Marijana Lovrenović

   See Issue Contents: fins.2021.2

   Abstract:

   The purpose of this paper is to determine how much the crisis caused by Covid 19 virus affected of the economic factors globally in an intercultural environment. The subject of the research refers to the analysis of the impact of the crisis of the economic factors (foreign trade, GDP, GNP) of randomly selected countries (Italy, Germany, Russia, China), Croatia). In addition, special attention is given to the intercultural characteristics of the observed coun- tries (intercultural communication, intercultural competence, intercultural sensitivity and in- tercultural conflicts). Contents analisys as a qualitative method included the analisys of pub- licly available official documents related to the factors and characteristics observed. The con- tribution of the paper refers to the analysis of the situation of the observed countries by con- necting the key elements needed for further action.

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2. Impact of changes in composition of exchange price index shares of listed Polish companies
   

   Author: Krzysztof Wańczyk

   See Issue Contents: fins.2018.3

   Abstract:

   The aim of the article is to analyse the change in the quotations of Polish listed companies, which change the stock exchange index as part of the periodic change in the composition of the WIG20, mWIG40 and sWIG80 stock market indices. The research methodology uses abnormal return (AR) based on daily logarithmic rates of return of Polish listed companies and daily logarithmic rates of return on the stock market indices (WIG20, mWIG40, sWIG80). In this way, they defined the relative strength of listed shares in relation to the stock indices revision a month before the composition of the stock index, when the drawn up list of companies is changing the composition of the index. In addition, the relative strength of quoted shares in relation to stock exchange indices after the revision of the composition of the stock exchange index in the short-term (one month) and medium-term perspective (six months) was examined. The research was based on quarterly changes in the composition of stock exchange indices in the years 2010-2015. The analyses carried out indicate the existence of positive surplus stock returns a month before the change in the stock index. The average number of quotes of these companies above the stock market index at the time amounted to +0.52 percentage points. In turn, the average increase in the prices of the debuting companies in the new stock exchange index within 6 months after their flotation it amounted to +0.97 percentage points over the benchmark (WIG20, mWIG40, sWIG80)

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