<abstract xml:lang="en" xmlns="http://www.w3.org/1999/xhtml"><p>The relation between the economy and the capital market is very interesting as far as analysis related to the capital market is concerned. The key statement is that the changes in the country economy have influence on the capital market. The aim of this article is to investigate if there are any essential connections between the values characterizing the capital market and the economy condition in Poland. Such values were taken into consideration as stock indices (<italic>WIG20, WIG</italic>), the rate of exchange, the level of unemployment, inflation, the <italic>GDP</italic>, Poland's economic growth. The analyses were made for some indices on the Warsaw Stock Exchange (<italic>WIG, WIG20</italic>) and for some economic variables (e.g. the level of unemployment, inflation, the <italic>GDP</italic>, the economic growth and other). Analyses were made for the data in the period of 2000-2006. Some statistical parameters were used to find statistical regularity for some indexes on the Warsaw Stock Exchange and for some economic variables observed in Poland. The authors analysed the relation between selected variables, too. <italic>Excel 2003 for Windows</italic> and <italic>Statistica 6.1 PL</italic> were used for all the calculations. The significant element of the fundamental analysis is the confirmation of a statistic regularity concerning the relation between the economy and the capital market. Stock analysis in the scope of fundamental analysis should be also made by the use of macroeconomic variables. It will considerably increase the safety of investment and also its profitability.</p></abstract>

The relation between the economy and the capital market is very interesting as far as analysis related to the capital market is concerned. The key statement is that the changes in the country economy have influence on the capital market. The aim of this article is to investigate if there are any essential connections between the values characterizing the capital market and the economy condition in Poland. Such values were taken into consideration as stock indices (WIG20, WIG), the rate of exchange, the level of unemployment, inflation, the GDP, Poland's economic growth. The analyses were made for some indices on the Warsaw Stock Exchange (WIG, WIG20) and for some economic variables (e.g. the level of unemployment, inflation, the GDP, the economic growth and other). Analyses were made for the data in the period of 2000-2006. Some statistical parameters were used to find statistical regularity for some indexes on the Warsaw Stock Exchange and for some economic variables observed in Poland. The authors analysed the relation between selected variables, too. Excel 2003 for Windows and Statistica 6.1 PL were used for all the calculations. The significant element of the fundamental analysis is the confirmation of a statistic regularity concerning the relation between the economy and the capital market. Stock analysis in the scope of fundamental analysis should be also made by the use of macroeconomic variables. It will considerably increase the safety of investment and also its profitability.

The Estimation of the Influence of the Economy on the Capital Market in Poland During 2000-2006

Faculty of Economics and Management, University of Szczecin, Mickiewicza 64, 71-101 Szczecin

Folia Oeconomica Stetinensia

The relation between the economy and the capital market is very interesting as far as analysis related to the capital market is concerned. The key statement is...

The Estimation of the Influence of the Economy on the Capital Market in Poland During 2000-2006

Publicado en línea: 03 abr 2008

Páginas: 37 - 52

DOI: https://doi.org/10.2478/v10031-007-0012-5

Palabras clave
capital market, fundamental analysis, national economy

This content is open access.

The Estimation of the Influence of the Economy on the Capital Market in Poland During 2000-2006

Publicado en línea: 03 abr 2008

Páginas: 37 - 52

DOI: https://doi.org/10.2478/v10031-007-0012-5

Palabras clavecapital market, fundamental analysis, national economy

This content is open access.

Palabras clave
capital market, fundamental analysis, national economy