Przeglądaj Acta Universitatis Lodziensis. Folia Oeconomica nr 310(1)/2015 według daty wydania
Wyświetlanie pozycji 1-14 z 14
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Shadow Banking as Seen from a Behavioural and Neoclassical Finance Perspective
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)Money is not merely a highly exchangeable commodity or the symbol of value established in exchange by utility-seeking individuals. Private money is a value sui generis that is established by reactions between issuers-shadow ... -
The Impact of Information Asymmetry on the Use of Short-term Debt in Selected European States
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The article analysed the relation between the degree of information asymmetry and the scope of the use of short-term debt by companies from 5 European countries: France, Greece, Germany, the United Kingdom and Italy. ... -
Authorized Capital as a Risk Management Tool in Emerging Economies. The Case of Poland
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)This paper addresses the strength of the incentives from both supervisors and market players to use authorized capital application as a risk management tool. The study compares the motivational factors for the financial ... -
Does Timing Matter for the Determinants of IPO Short-term Returns? Evidence from the Top Emerging Markets
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The study examined the short-term price behavior of initial public offerings (IPOs) of equities listed on the top emerging market exchanges during the period from 2005 to 2012. We investigated whether underpricing could ... -
Reassessing Polish IPO Underpricing and Underperformance
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The purpose of the research was to assess the price behavior of initial public offerings (IPO) of equities listed on the Warsaw Stock Exchange from 1996 to 2010. We also aimed to observe IPO underpricing and the underperformance ... -
Investor Expertise and the Rationality of Decision Making
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The aim of the paper is to is to explore the determinants of the rationality in decision making among polish stock market investors with different level of expertise with investing. Rationality in decision making was defined ... -
The Application of Behavioural Finance to Enhance Voluntary Retirement Savings – Are the Solutions Universal around the World?
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)Behavioural finance is a promising solution to enhance voluntary retirement savings (VRS) and is gaining recognition around the world. Despite this, there may be some limitations to the transferability of its applications. ... -
Psychological Factors in Shaping Investor Expectation on Capital Markets
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)Investor expectations about the course of future economic processes are one of the key factors influencing their decisions. It seems that expectations play a particular role because they constitute unobservable variables ... -
Is It a Business Feeding on Emotions or an Act of Altruism? The Case of Financing Football in Poland
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The main goal of this article is to verify the hypothesis on the behavioural character of the relationships between enterprises financing football in Poland and the fans of this sport. In his research, the author analyses ... -
IPO Underpricing and Financial Analysts’ Forecast Accuracy in Poland
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)We review the theory and evidence on IPO activity and underpricing focusing on the Warsaw Stock Exchange and confirm that many IPO phenomena in Poland are not stationary. Focusing on the behavioural reasons for underpricing, ... -
Elements of Control Theory Applied to an Investment Portfolio in the Capital Market. The Optimal Time Horizon for Selling a Portfolio
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The article presents a concept of capital management for assembling investment portfolios. Two optimization variants of a portfolio to be purchased are discussed. Portfolio I is structural, using the „traditional model”. ... -
The Index Effect on the Polish Equity Market Based on the Example of the WIG20 Index
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)The aim of this article is to examine, on the example of companies whose shares are to be included into the WIG20 index portfolio, whether the index effect occurs on the Polish stock market. Based on the study event conducted ... -
Neoclassical and Behavioral Finance
(Wydawnictwo Uniwersytetu Łódzkiego, 2015) -
The Use of Tax Base Estimation Methods for Income Tax Purposes in the Light of Research
Witczak, Radosław
(Wydawnictwo Uniwersytetu Łódzkiego, 2015)
One of the phenomena that can be observed in the economy is income tax evasion. Its occurrence can be reduced, inter alia, by estimating taxpayers’ taxable income. Tax legislation specifies methods that can be used to this ...