... to generate budgetary transfers from IPOs of the state‐owned companies. On this occasion, the solutions to deficient privatization processes are discussed in the paper. Although the implications appear to be specific to Poland, the findings can be generalized over all transition economies where state‐owned...

...Lukasz Prorokowski Purpose The current paper aims to expand an empirical assessment of correlations of the stock exchange in Poland with other stock markets and foreign economies. The paper attempts to explore international spillover effects during the current financial crisis. Design...

...Lukasz Prorokowski Purpose The purpose of this paper is to investigate equity appraisal techniques employed by non‐professional investors from the Central European emerging stock market (CEESM) of Poland. The paper examines investment decision‐making processes in the context of the current...