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The Impact Of Penny Stocks On The Pricing Of Companies Listed On The Warsaw Stock Exchange In Light Of The CAPM

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  • Urbański Stanisław
  • Jawor Paweł

    (AGH University of Science and Technology, Faculty of Management, Gramatyka 10, 30-067 Kraków, Poland)

  • Urbański Kacper

    (Jagiellonian University in Krakow, Faculty of Philosophy, Gołębia 24, 31-007 Krakow, Poland)

Abstract

Oryginality and objective – Research on the pricing of stocks listed on developed markets shows inexplicable deviation from the pricing that could be observed with CAPM validity. A similar anomaly is found on the Polish market. Reasons for inconsistent pricing with CAPM are unknown, and they are the main objective of this research.

Suggested Citation

  • Urbański Stanisław & Jawor Paweł & Urbański Kacper, 2014. "The Impact Of Penny Stocks On The Pricing Of Companies Listed On The Warsaw Stock Exchange In Light Of The CAPM," Folia Oeconomica Stetinensia, Sciendo, vol. 14(2), pages 163-178, December.
    • Handle: RePEc:vrs:foeste:v:14:y:2014:i:2:p:163-178:n:15
    DOI: 10.1515/foli-2015-0015
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    References listed on IDEAS

    as
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