@misc{Schabek_Tomasz_The_2021,
 author={Schabek, Tomasz and Barros, Lucas Ayres Barreira de Campos},
 identifier={DOI: 10.15611/aoe.2021.1.06},
 year={2021},
 rights={Pewne prawa zastrzeżone na rzecz Autorów i Wydawcy},
 description={Argumenta Oeconomica, 2021, Nr 1 (46), s. 131-154},
 publisher={Publishing House of Wroclaw University of Economics and Business},
 language={eng},
 abstract={The study tests a broad set of market, macroeconomic, and behavioural factors in the Polish stock market using local and US data. In time series regressions, employing general-to-specific modelling and principal component analysis, the authors found that both local and foreign aggregate indicators significantly predict the behaviour of a broad portfolio of Polish stocks. However, no common factor is able to explain the cross-section of expected returns in Poland. Only firm-specific characteristics, in particular market/book value and momentum, show significance in the cross-sectional analysis. The results are consistent with recent methodological critiques, suggesting that most candidate factors fail to explain the cross-section of expected returns when more stringent inference procedures are adopted},
 type={artykuł},
 title={The market, macroeconomic, and behavioural factors in emerging markets: the case of Poland},
}