Wpływ podatku od niektórych instytucji finansowych na wartość rynkową banków komercyjnych w Polsce
The Impact of Bank Tax on Market Value of Commercial Banks in Poland

Summary/Abstract: Purpose – investigate the impact of introducing bank tax on the market value of commercial banks inPoland as well as tax assessment from the point of view of the prerequisites for introduction. Design/Methodology/approach – an event study methodology was used to empirically examine stock marketreaction to the introduction of bank tax in Poland. Findings – The stock market reacted positively to the introduction of bank tax. This is probably due to the factthat investors are convinced that banks will be able to pass on costs to customers. Originality/value – The use of event analysis in assessing the introduction of a banking tax in Poland is probablythe first one, which is likely due to the fact that another very important event occurred in the period underconsideration whose impact is difficult to isolate. Despite the aforementioned drawback the research conclusionis significant because both of these events should have a negative impact on the market value of the banks whilethe study results showing something quite the opposite.

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