Template-Type: ReDIF-Paper 1.0 
Title: Value relevance of companies' financial statements in Poland
Author-Name: Marek Gruszczyński 
Author-Name: Rafał Bilicz 
Author-Name: Monika Kubik-Kwiatkowska 
Author-Name: Aleksander Pernach 
Abstract: Paper presents three attempts to model the relationship between financial reports of the companies listed on theWarsaw Stock Exchange and their market valuation. Main sections of the paper include: (1) overview of thecontemporary issues in the ''value relevance'' studies with reference to the methodology of financial microeconometrics,(2) outcome of the research by M. Kubik-Kwiatkowska on value relevance of annual and quarterlyreports, (3) results of the attempts by R. Bilicz on the association between E/P ratio and quarterly accountingdata, (4) findings by A. Pernach on the relationship between ROIC or revenue and the market value. All resultsshow that various connections between financials and valuation exist, depending on the approach.
Number: 2016-014
Length: 11 pages 
Creation-Date: 2016-08
Keywords: value relevance of accounting statements, financial microeconometrics, comparative valuation
Classification-JEL: NA
File-URL: https://hdl.handle.net/20.500.12182/1161
File-Format: Application/pdf
DOI: 10.33119/kaewps2016014
Handle: RePEc:sgh:kaewps:2016014