TY - GEN PB - E-Wydawnictwo. Prawnicza i Ekonomiczna Biblioteka Cyfrowa. Wydział Prawa, Administracji i Ekonomii Uniwersytetu Wrocławskiego N2 - The NewConnect market has the status of an organised market, but is organised by the Warsaw Stock Exchange in the formula of an alternative trading system (ATS). As expected, the Polish ATS market is characterised by a higher level of investment risk, which results in the possibility of higher rate of return on involved capital. The aim of this study is to assess the Polish alternative trading system in terms of its behaviours and anomalies affecting returns on investments. Therefore, the possibility of generating returns above the average was examined for strategies based on behaviour patterns related to investments in the given investment period (calendar effects),fundamental properties of companies (fundamental effects) or correlations between returns achieved in the context of market sub-activity or over-activity. The analyses based on tools of statistical inference and econometrics showed that the NewConnect market has behaviours and anomalies characteristic for inefficient markets, resulting in the possibility of achieving above-average rates of return on investment in companies listed on it. L1 - http://www.bibliotekacyfrowa.pl/Content/127821/PDF/Zachowania_i_anomalie_na_rynku_NewConnect%20(1).pdf CY - Wrocław L2 - http://www.bibliotekacyfrowa.pl/Content/127821 PY - 2020 KW - Alternative Trading System KW - market efficiency KW - calendar effects KW - fundamental effects KW - market sub-reactivity KW - market over-reactivity KW - error correction model (ECM) T1 - Behaviour and anomalies on the NewConnect market UR - http://www.bibliotekacyfrowa.pl/dlibra/publication/edition/127821 ER -