Open AccessThe impact of the GetBack case on the Polish financial market
Author(s) -
Waldemar Rogowski,
Kamil Gemra
Publication year - 2018
Publication title -
kwartalnik nauk o przedsiębiorstwie
Language(s) - English
Resource type - Journals
eISSN - 2719-3276
pISSN - 1896-656X
DOI - 10.5604/01.3001.0012.8124
Subject(s) - securitization , shareholder , debt , financial system , business , financial market , market impact , event study , finance , economics , order (exchange) , market microstructure , corporate governance , paleontology , context (archaeology) , biology
The article is devoted to the most notorious case of recent years that took place on the financial market in Poland. Problems of the leading debt collector have reverberated and received wide repercussions, directly affected victims reached more than 9,000 of bondholders, and it is estimated that at least double of that of individual shareholders and persons holding certificates in securitization funds. The scale of GetBack’s connections with leading participants of the financial market caused that it was not only a problem of one company. The aim of the article is to examine the impact of the GetBack problem on various segments of the Polish financial market. The article puts forward a thesis that there is a significant impact of this single event on many segments of the financial market and even the economy. Based on the analysis, we present arguments that support the thesis and we identify many areas of impact and possible changes that will occur in these areas in the future.