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Infl uence of global fi nancial crisis of fi rst decade of XXI century on fi nancial status of brokeragehouses and offi ces in Poland

hossa bessa investment firms financial results of brokerage houses economic crisis

Tyt. zeszytu: Transformacje systemu gospodarczego : (prace poświęcone pamięci Profesora Tomasza Afeltowicza)

Among the capital market institutions very important role is played by subjects offering brokerage services. They are agents in deals which are made on stock exchanges. This function is the source of many duties for brokerage offi ces. Security of brokerage branch activity strongly infl uences stability of whole capital market, both in periods of slup and bull market. One of the factors in brokerage branch evaluation is its fi nancial situation measured with income and elements which are creating this income (outcome of brokerage, capital and investment activity). Experience of Polish market shows that not always brokerage activity has biggest share in the structure of whole outcome. Contrary it could be its little part what happened during 2007 slump. This fact can be disturbing regarding that MFID directive puts on brokerage branch many fi nancial restrictions which limits income from capital and investment activity

Wydawnictwo Uniwersytetu Wrocławskiego

ISSN 2084-4093 ISBN 978-83-229-3281-0

Acta Universitatis Wratislaviensis, ISSN 0239-6661 ; no 3398. Ekonomia, ISSN 2084-4093 ; 18, s. 247-262

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