Financial Standing of Penny Companies Listed on the Warsaw Stock Exchange (WSE) Cover Image

Standing finansowy spółek groszowych notowanych na Giełdzie Papierów Wartościowych w Warszawie
Financial Standing of Penny Companies Listed on the Warsaw Stock Exchange (WSE)

Author(s): Magdalena Lesiak
Subject(s): Social Sciences, Economy, Financial Markets
Published by: Wydawnictwo Naukowe Wydziału Zarządzania Uniwersytetu Warszawskiego
Keywords: economic and financial analysis; financial standing; statistical measures; Warsaw Stock Exchange; penny companies

Summary/Abstract: Purpose: The main aim of the article is to assess the financial standing of penny companies listed on the Warsaw Stock Exchange.Design/methodology/approach: To determine the financial condition of the analyzed entities, the evaluation system was used in two analytical dimensions, i.e. economic and financial analysis in the area of operational efficiency, debt, financial liquidity and profitability, as well as statistical measures to assess the diversity of individual indicators.Findings: The results of the analysis showed that penny companies, to a large extent, were not characterized by a high degree of indebtedness, low financial liquidity or a lack of profits, which characterizes entities threatened with bankruptcy.Research limitations/implications: The result of the analysis carried out entitles us to conclude that penny companies are not entities that can be categorically classified as entities threatened with bankruptcy.Originality/value: The article is a study on the results of research in the area of the financial condition of penny companies listed on the Warsaw Stock Exchange.

  • Issue Year: 38/2023
  • Issue No: 1
  • Page Range: 52-63
  • Page Count: 12
  • Language: English, Polish