Information Content of Earnings in the Emerging Capital Market : Evidence from the Warsaw Stock Exchange *

  title={Information Content of Earnings in the Emerging Capital Market : Evidence from the Warsaw Stock Exchange *},
  author={Eva K. Jermakowicz}
This article investigates the association between stock returns and the annual earnings, derived from the new accounting and reporting standards, of firms listed on the Warsaw Stock Exchange between 1995 and 1997. Following a brief history of the Warsaw Stock Exchange, two major issues affecting the effectiveness of the Polish securities market are discussed. These are the transition process from public to private enterprise ownership, and the development of accounting and reporting standards… CONTINUE READING

From This Paper

Figures, tables, and topics from this paper.

Explore Further: Topics Discussed in This Paper


Publications citing this paper.


Publications referenced by this paper.

Earnings as an explanatory variable for returns

  • P. D. Easton, T. S. Harris
  • Journal of Accounting Research 29 (1): 19-36.
  • 1991
Highly Influential
4 Excerpts

On cross-sectional analysis in accounting research

  • A. Christie
  • Journal of Accounting & Economics 9 (December…
  • 1987
Highly Influential
4 Excerpts

The relative informativeness of accounting disclosures in different countries

  • A. Alford, J. Johns, R. Leftwich, M. Zmijewski
  • Journal of Accounting Research 31 (Supplement…
  • 1993
Highly Influential
3 Excerpts

Internationalizing financial reporting in a newly emerging market economy: The Polish example

  • C. A. Adams, K. M. McMillan
  • Advances in International Accounting 10: 139-164.
  • 1997
2 Excerpts

Miesiecznik Analiz Tendencji Rynku Kapitalowego

  • Penetrator.
  • 9 (September): 105.
  • 1997
2 Excerpts

Earnings, book values, and dividends in equity valuation

  • J. A. Ohlson
  • Contemporary Accounting Research (Spring): 661…
  • 1995
1 Excerpt

Miesiecznik analiz tendencji rynku kapitalowego

  • Penetrator.
  • 11 (November): 59.
  • 1995
1 Excerpt

The Legal Structure of the National Investment Funds

  • J. Thieme
  • Mass Privatization Program Department, Ministry…
  • 1995
1 Excerpt

The Warsaw Stock Exchange: A test of market efficiency

  • B. Gordon, L. Rittenberg
  • Comparative Economic Studies 2: 1-27.
  • 1995
1 Excerpt

Ogolna charakterystyka Ustawy o Rachunkowosci

  • B. Lisiecka-Zajac
  • 1994
1 Excerpt

Similar Papers

Loading similar papers…