CORPORATE FINANCIAL COMMUNICATION IN POLAND.pdf

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Karol Marek Klimczak
Marta Dynel
Anna Pikos
Corporate financial
communication
in Poland
The study of corporate financial statements, equity
analyst reports and investor behavior
print
pdf epub mobi
Corporate financial
communication
in Poland
Kup książkę
Karol Marek Klimczak
Marta Dynel
Anna Pikos
Corporate financial
communication
in Poland
Kraków–Legionowo 2017
Kup książkę
© edu-Libri s.c. 2017
Edition and correction: Dominika Drygas
Cover and title page design: GRAFOS
Publisher’s reviewer:
Prof. Joanna Krasodomska (Cracow University of Economics)
The project was funded by the National Science Centre, Poland, granted on the basis
of the decision number DEC-2011/03/D/HS4/03392
Publishing house: edu-Libri s.c.
ul. Zalesie 15, 30-384 Kraków
e-mail: edu-libri@edu-libri.pl
DTP: GRAFOS
Printing and binding: OSDW Azymut Sp. z o.o.
Łódź ul. Senatorska 31
ISBN (print) 978-83-65648-01-3
ISBN e-book (PDF) 978-83-65648-02-0
ISBN e-book (epub) 978-83-65648-03-7
ISBN e-book (mobi) 978-83-65648-04-4
Kup książkę
Spis treści
Introduction
..............................................................................................................
Chapter 1. Financial communication
.......................................................................
1.1. Corporate disclosure .......................................................................................
1.2. Credibillity ......................................................................................................
1.3. Truthfulness ...................................................................................................
Chapter 2. The information environment in Poland
...............................................
2.1. The Polish stock market ..................................................................................
2.2. Equity Analysts ...............................................................................................
2.3. Reporting requirements and practice ..............................................................
2.4. Culture and communication ...........................................................................
Chapter 3. Communication strategies
......................................................................
3.1. Linguistic tone ................................................................................................
3.2. Evaluation strategies ......................................................................................
3.3. Mitigation strategies .......................................................................................
3.4. Readability ......................................................................................................
7
13
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25
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31
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39
50
54
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58
63
67
Chapter 4. Financial communication in the Polish market
..................................... 74
4.1. Explanations of goodwill impairment tests ..................................................... 74
4.1.1. Research method .................................................................................. 76
4.1.2. Results .................................................................................................. 77
4.1.3. Discussion and conclusion .................................................................... 82
4.2. Management communications and investor decision-making ......................... 84
4.2.1. Research method .................................................................................. 85
4.2.2. Results ................................................................................................. 88
4.2.3. Conclusions and summary .................................................................... 94
4.3. Analyst reports and market price response to recommendations .................... 96
4.3.1. Research method .................................................................................. 97
4.3.2. Results .................................................................................................. 104
4.3.3. Discussion and conclusion .................................................................... 109
4.4. Summary of findings
...................................................................................... 110
Conclusions
................................................................................................................ 112
References
.................................................................................................................. 114
Kup książkę

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