|
ISSN: 2344 - 102X
ISSN-L: 2344 - 102X
Our journal is currently indexed in the following databases:
|
| |
Article from Volume 9, Number 1, Year 2021| PRIVATE CLOSED-END INVESTMENT FUNDS OF NON-PUBLIC ASSETS AS A FORM OF COLLECTIVE INVESTMENT ON THE CAPITAL MARKET IN POLAND | 
Download | | Author(s): Anna Lichosik | | DOI: 104316/EJAFB.2021.914 | | Abstract: The purpose of this paper is to establish whether a private closed-end investment fund of non-public assets may constitute a non-typical form of collective investment on the capital market, subject to legal regulations that are more flexible in comparison to other types of investment funds. This paper was prepared using a legal dogmatic method, upon analysing the provisions of the Act on Investment Funds and the Management of Alternative Investment Funds, and on the basis of an empirical analysis of the scale of assets located in the funds of this type. Each part of the paper synthetically defines the compounds of the special form of cumulative investing in the form of a private closed-end investment fund of non-public assets. The paper describes the essence of investment funds as a form of collective investment in the capital market, taking into account closed-end investment funds in particular. The issues analyzed include the private nature of the fund and the possibility of owning non-public assets, and the financial and economic benefits of such investments. | | Keywords: Investment Funds, Private Investments Funds, Financial Assets, Investments | References:
1. Banachowicz, A. (2008). Investment Funds. How To Start Making Profit On Investment Funds Using Market Mechanisms? Closer To Success – Finance, Gliwice: Internet Publishing House "Z?ote My?li" Sp. Z O.o.
2. Blicharz, R. (2006). Legal Situation Of An Investment Fund Participant In Poland, Sosnowiec: University Of Management And Marketing.
3. Boja?czyk, M. (2005). Investment Funds As Participants Of The Capital Market, Warsaw: Warsaw School Of Economics.
4. Bonser-Neal C, Brauer G, Neal R, Wheatley S. (1990). International Investment Restrictions Andclosed-end Country Fund Prices. The Journal Of Finance, 45(2), 523-547.
5. Brauer GA. (1984). ‘Open-ending’ Closed-end Funds. Journal Of Financial Economics, 13(4), 491-507.
6. Cherkes M. (2001). The Closed-end Funds: A Misunderstood Asset. Working Papers, Princeton University; Https://papers.ssrn.com/sol3/papers.cfm?abstract_id=687821&rec=1&srcabs=686981.
7. Close JA. (1951). Investment Companies: Closed-end Versus Open-end. Harvard Business Reviev.
8. Deli DN, Varma R. (2002). Closed-end Versus Open-end: The Choice Of Organizational Form. Journal Of Corporate Finance, 8(1), 1-27.
9. Dobosiewicz, Z. (2008). Investment Funds, Warsaw: TWIGGER.
10. Dziawgo, D. (2003). The Perspectives Of Individual Investing Development In Poland, “Our Capital Market.”
11. Dziawgo, D., Dziawgo, L. (1994). Trust Funds, Cracow: Zakamycze.
12. Gabryelczyk, K. (2006). Investment Funds, Types, Operating Rules, Effectiveness, Cracow: Economic Oficyna.
13. Grabowski, J. (1996). Public Trading In Securities. Legal System And Procedures, Warsaw: PWN Legal Publishing House.
14. Jajuga, K., Jajuga, T. (2001). Investments. Financial Instruments. Financial Risk. Finance Engineering, Warsaw: PWN.
15. Jajuga, K., Kuziak, K., Markowski P. (1997). Investments Finance, Wroclaw: Publisher AE Im. Oskar Lange In Wroc?aw.
16. Ko?cielniak, G. (1998). Trust Funds, Cracow: Wolters Kluwer Polska.
17. Kropiwnicki, J. (2001). Legal Protection Of The Interest Of Investment Fund Participants, Cracow: “Ostoja Publishing House”.
18. Krupa, D. (2008). Closed-End Investment Funds, Warsaw: CeDeWu.
19. Mazur, M., Chró?cicki, A. (1996). Investment Funds In Poland And Worldwide, Republic Of Poland.
20. Malkiel BG. (1977). The Valuation Of Closed-end Investment-company Shares. The Journal Of Finance, 32(3), 847-859.
21. Meluch, B., Nietrzepka, E., Orlik T. (1993). Trust Funds – Collective Investor On Capital Market, Warsaw: TWIGGER.
22. Michalski, M., Sobolewski, L. (1999). Investment Funds Law. Commentary, Warsaw: C.H. Beck.
23. Miros?aw, E., (1999). Trust Funds In Poland, Warsaw: The NBP, “Materials And Studies”.
24. Mroczkowski, R. (2011). Investment Funds Supervision, Warsaw: Published By: Wolters Kluwer Poland.
25. Mroczkowski, R. (Eds.) (2014). Investment Funds Act. Commentary, Warsaw: Wolters Kluwer.
26. Perez, K. (2011). Investment Funds, Pozna?: Publishing House Of The University Of Economics In Pozna?.
27. Sas Kulczycka, K., Chory?o, D., Król, J., Lasota, Z. (1999), Mutual Investment Institutions In Poland. Investment And Pension Funds, Warsaw: WIG-Press.
28. Schmitz P, Glaser M, Weber M. (2009). Individual Investor Sentiment And Stock Returns—What Do We Learn From Warrant Traders? Working Papers, University Of Mannheim, Https://econpapers.repec.org/paper/xrssfbmaa/06-12.htm.
29. Socha, J. (1998). The Market. Investments, Warsaw: Scientific And Publishing Institute OLYMPUS Center For Education And Development S.A.
30. Wilmowska, Z., Made?a, M. (1998). Investment Funds In The Polish Market, Wroclaw: Publishing House Of The Wroc?aw University Of Technology.
31. Zawadzka, P. (2009). Investment Fund In The Financial Institutions Systems, Warsaw: C.H. Beck.Ali, R. A., Burhan, O., Faith, K., Rabin, G. B. (2014). Exchange Rate Volatility Effect On Turkish Tourism Incomes. Journal Of Management Studies, 2(8), 489-493.
|
| | Back to journal ... |
|
|
| |
|
|
|
