1Ihor HURNYAK, 2Arkadiusz NIEDZWIECKI and 2Marek PRONIEWSKI
1Lviv Ivan Franko National University, Lviv, Ukraine
2University of Bialystok Faculty of Economics and Finance, Bialystok, Poland
Volume 2022 (12),
Article ID 4060622,
Research in Financial Markets, Regulation, and Corporate Finance in a Changing Landscape: 40FIN 2022
Abstract
The stock markets of Central and Eastern Europe (CEE) predictably are not as efficient as the markets of developed countries. This fact has been revealed even more obvious and painful in time of pandemic. If the markets of developed countries during the pandemic show a clear commitment to the telecommunication, Internet services (study), software, automation, robotics, etc., the allegiances of stock markets in the CEE is not so clear, in particular, due to the institutional imperfection of its still transforming mechanism. But as expected the study based on a portfolio of leading companies from the Czech Republic, Poland and Hungary revealed close partly hidden trends. The experience of the described IT, business and financial service companies proves similar to the developed markets investment priorities in favor of technological business showing the clear advantages of its work on the stock markets and indicating long-term trend of investor confidence. A comparison is made with the portfolio of representatives of the index DAX in Germany. The revealed commitment to mobility and market diversification has been proposed as very promising for CEE public issuers.