Analysis of stock exchange operating costs on the example of Warsaw Stock Exchange

• Autorzy: Rydzewska Alina

Identyfikatory

DOI

10.29119/1641-3466.2020.142.21

• Języki publikacji: EN

Abstrakty

EN

Purpose: The purpose of this paper was to identify and analyze the costs of the stock exchange on the example of the Warsaw Stock Exchange. As a hypothesis, it was assumed that the electronization of stock exchange trading has affected the cost structure, under which the role of personnel costs and IT costs increased. Design/methodology/approach: The method of analyzing indicators identifying the cost structure was used to conduct the research. For this purpose, the financial statements of the Warsaw Stock Exchange Group (GPW) for the years 2007-2018 were used. Findings: The empirical research conducted shows that personnel costs and the costs of external services had the largest share in the cost structure in the covered period. In the category of external services, the most important were the costs of IT services - IT trading support. Interestingly, however, maintenance costs of office buildings and equipment were at a relatively significantly lower level compared to personnel costs and IT costs. Research limitations/implications: The analysis of financial data on stock exchanges is limited by the presentation of financial data. This is due to the fact that the processes of transformation into commercial businesses are a relatively new phenomenon. Originality/value: The originality of the article is associated with the analysis of financial data in relation to the business entity which is the stock exchange (on the example of Warsaw Stock of Exchange).

Słowa kluczowe

EN

stock exchange; costs; financial statement analysis

PL

giełda; koszty; analiza sprawozdań finansowych

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2020
• Tom: z. 142
• Strony: 285--294
• Opis fizyczny: Bibliogr. 19 poz.

Twórcy

autor

Rydzewska Alina

• Silesian University of Technology, Faculty of Organization and Management, Institute of Economy and Finance, Poland

Bibliografia

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Uwagi

PL

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2020).