@article{dbrowski2021shortterm,
  title = {Short-term Investments in Dividend Paying Companies on the Warsaw Stock Exchange – Efficiency and Tax Shield Benefits for Individual Investors},
  author = {Piotr DĄBROWSKI and Katarzyna JARNO},
  year = 2021,
  url = {https://ibimapublishing.com/p-articles/38ECO/2021/38149521/},
  journal = {Communications of International Proceedings},
  volume = 2021 (38),
  abstract = {The article presents the results of short-term investments in dividend paying companies. We measured the investment efficiency of companies listed on the Warsaw Stock Exchange, one of the major capital markets in Central Europe. Usually, short-term trading for dividend purposes is ignored, as normally the dividend is treated as additional income in long-term trading strategies. We decided to test whether it is worth focusing on the dividend periods only, which actually means buying dividend shares and selling them as ex-dividend shares (‘overnight’ trading). The results take into account prices before and after the dividend is cut off as a comparison between theoretical and practical price changes. Additionally, specific rules of taxation governing dividend and speculative operations are included in the results.},
  keywords = {short-term trading, investments, dividend companies, capital market taxation},
  note = Article ID: 38149521
}