Mariusz CHMIELEWSKI, Maciej Leszek HYZY and Ewa SPIGARSKA
Management Faculty, Armii Krajowej 101, 81-824 Sopot, Poland
Positive financial results achieved by enterprises should improve market indicators, while negative financial results should affect the deterioration of market indicators. It is important from the point of view of the topic to examine the following hypothesis:
The statistical method is used in the article – it examines the correlation of financial results (net profit indicators: ROE, ROA) and market results (share price, share price to book value ratio) of companies listed on WSE for companies operating in the sector for which the crisis was an opportunity (companies from the IT sector) and companies from the banking sector. The correlation of selected financial and market indicators of companies from the IT sector and companies from the banking sector was examined. The research shows that for most of the analysed entities listed on WSE, there is no statistically significant relation between financial parameters and their market parameters. When making investment-related decisions, stock exchange investors are only slightly guided by the financial results achieved by the analysed stock exchange companies – this applies to companies operating in the IT sector and the banking sector.