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The Motives of Name Changes and Share Quotations on the Warsaw Stock Exchange

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Effective Investments on Capital Markets

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Abstract

The aim of this article is to analyse the motives of name changes made by public companies listed on the Warsaw Stock Exchange and to identify abnormal returns before and after this event depending on the motives given by issuers. The research methodology using cumulated abnormal return (CAR) was to determine the relative strength of quoted shares in relation to the WIG index before and after changes in companies’ names. The results of the research done indicated abnormal returns before the name change as well as unambiguously negative trends afterwards. The article is a continuation of the author’s previous research into the problem of name changes, which has not yet been carried out on the Polish market.

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Notes

  1. 1.

    An investment fund of the close-ended type, a public company set up by the Polish State Treasury in 1995; within the Mass Privatisation Programme, 15 funds were created whose shares were admitted to trading at the WSE. The appropriate abbreviation for the Polish language is NIF (also officially used in WSE listing). 

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Authors and Affiliations

  1. Maria Curie-Sklodowska University, Lublin, Poland

    Roman Asyngier

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  1. Roman Asyngier
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Correspondence to Roman Asyngier .

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Editors and Affiliations

  1. Department of Insurance and Capital Markets, University of Szczecin, Szczecin, Poland

    Waldemar Tarczyński

  2. Institute of IT in Management, University of Szczecin, Szczecin, Poland

    Kesra Nermend

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Asyngier, R. (2019). The Motives of Name Changes and Share Quotations on the Warsaw Stock Exchange. In: Tarczyński, W., Nermend, K. (eds) Effective Investments on Capital Markets. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-030-21274-2_10

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