Investor Reaction to Mandatory Offers on the Warsaw Stock Exchange

Artikel

The following paper aims to assess investor reaction to mandatory offers on the Warsaw Stock Exchange, which is important because knowledge about these reactions can be used to make better investment decisions. This paper highlights the importance of procedure in making a mandatory offer and its grounds in the Polish legal system. Additionally, it presents empirical research on the reactions of investors to mandatory offers on the Warsaw Stock Exchange. It has been provided that mandatory offers have a significant impact on the price of a company's shares listed on the Warsaw Stock Exchange. Knowledge about the reactions of investors to a mandatory offer may be used when selecting securities for an investment portfolio. The findings may provide guidance in deciding whether to begin or end investment in the company, both for individual and institutional investors. The event study methodology approach used in the paper is regarded as valuable and can be the basis for further research in other areas of the capital market research, especially in the context of information efficiency.

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Journal: Contemporary Economics ; ISSN: 2084-0845 ; Volume: 6 ; Year: 2012 ; Issue: 2 ; Pages: 74-83 ; Warsaw: Vizja Press & IT

Classification and Topics

• Classification: Wirtschaft ; Information and Market Efficiency; Event Studies; Insider Trading
• Subject: mandatory offer ; event study ; investors'reactions

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Okoń, Szymon
• Event: Veröffentlichung
• (who): Vizja Press & IT
• (where): Warsaw
• (when): 2012

Further information

• DOI: doi:10.5709/ce.1897-9254.44
• Handle: http://hdl.handle.net/10419/105381
• Last update: 10.03.2025, 11:43 AM CET