Acta Universitatis Lodziensis. Folia Oeconomica nr 310(1)/2015
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TABLE OF CONTENTS
Jerzy Gajdka
2. Authorized Capital as a Risk Management Tool in Emerging Economies. The Case of Poland / Kapitał docelowy jako narzędzie zarządzania ryzykiem w gospodarkach wschodzących. Przypadek Polski
Agata Adamska, Piotr Staszkiewicz
3. The Impact of Information Asymmetry on the Use of Short-term Debt in Selected European States / Wpływ asymetrii informacji na wykorzystanie długu krótkoterminowego w wybranych państwach Europy
Leszek Czapiewski, Jarosław Kubiak
4. Does Timing Matter for the Determinants of IPO Short-term Returns? Evidence from the Top Emerging Markets / Czy teoria wyczucia rynku wyjaśnia krótkookresową reakcję cenową towarzyszącą emisjom IPO? – Doświadczenia największych rynków wschodzących
Joanna Lizińska, Leszek Czapiewski
5. Reassessing Polish IPO Underpricing and Underperformance / Ocena krótko- i długookresowej reakcji rynkowej towarzyszącej pierwotnym emisjom akcji w Polsce
Joanna Lizińska, Leszek Czapiewski
6. Is It a Business Feeding on Emotions or an Act of Altruism? The Case of Financing Football in Poland / Biznes wykorzystujący emocje czy altruizm? Przypadek finansowania piłki nożnej w Polsce
Sebastian Majewski
7. Psychological Factors in Shaping Investor Expectation on Capital Markets / Czynnik psychologiczny w kształtowaniu oczekiwań inwestorów na rynku kapitałowym
Magdalena Mikołajek-Gocejna
8. The Index Effect on the Polish Equity Market Based on the Example of the WIG20 Index / Efekt indeksowy na polskim rynku akcji na przykładzie indeksu WIG20
Tomasz Miziołek
9. IPO Underpricing and Financial Analysts’ Forecast Accuracy in Poland / Niedoszacowanie cen emisyjnych pierwszych ofert publicznych akcji oraz dokładność prognoz analityków w Polsce
Przemysław Pomykalski, Maciej Domagalski
10. Investor Expertise and the Rationality of Decision Making / Doświadczenie inwestorskie a racjonalność podejmowanych decyzji
Marcin Rzeszutek, Monika Czerwonka, Magdalena Walczak
11. The Application of Behavioural Finance to Enhance Voluntary Retirement Savings – Are the Solutions Universal around the World? / Zastosowanie finansów behawioralnych do zwiększania dobrowolnych oszczędności emerytalnych – Czy rozwiązania są uniwersalne na całym świecie?
Wojciech Sieczkowski
12. Shadow Banking as Seen from a Behavioural and Neoclassical Finance Perspective / Bankowość równoległa w perspektywie behawioralnej i neoklasycznej
Jan K. Solarz
13. Elements of Control Theory Applied to an Investment Portfolio in the Capital Market. The Optimal Time Horizon for Selling a Portfolio / Elementy teorii sterowania zastosowane do portfela inwestycyjnego na rynku kapitałowym. Optymalny moment sprzedaży portfela
Jerzy Tymiński
14. The Use of Tax Base Estimation Methods for Income Tax Purposes in the Light of Research / Wykorzystanie metod szacowania podstawy opodatkowania w podatkach dochodowych w świetle badań
Radosław Witczak
Najnowsze pozycje
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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. ... -
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, ... -
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 ... -
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 ... -
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 Use of Tax Base Estimation Methods for Income Tax Purposes in the Light of Research
(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 ... -
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 ... -
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 ... -
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”. ... -
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 ... -
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 ... -
Neoclassical and Behavioral Finance
(Wydawnictwo Uniwersytetu Łódzkiego, 2015) -
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 ...