Contemporary Trends and Challenges in Finance: Proceedings from the 3rd Wroclaw International Conference in Finance (Springer Proceedings in Business and Economics)

This volume includes a selection of the contributions presented at the Wroclaw conference in Finance, covering a wide range of topics in the area of finance. The articles reflect the extent, diversity and richness of research areas in the field. Discussing both fundamental and applied finance, it offers a detailed analysis of current financial-market problems including specifics of Polish and Central European markets. It also examines the results of advanced financial modeling. These proceedings are a valuable resource for researchers in universities and research and policy institutions, graduate students and practitioners in economics, finance and international economics in both private and government institutions. Front Matter ....Pages i-xiii Front Matter ....Pages 1-1 Information Asymmetry, Liquidity and the Dynamic Volume-Return Relation in Panel Data Analysis (Przemysław Garsztka, Paweł Kliber)....Pages 3-11 Density Forecasts of Emerging Markets’ Exchange Rates Using Monte Carlo Simulation with Regime Switching (Krystian Jaworski)....Pages 13-21 Determination of the Own Funds Requirements for the Risk of Binary Options (Radosław Pietrzyk, Paweł Rokita)....Pages 23-32 Front Matter ....Pages 33-33 Relationships Between Returns in EU Equity Markets in 2005–2016: Implications for Portfolio Risk Diversification (Agata Gluzicka)....Pages 35-43 The Relationships Between Beta Coefficients in the Classical and Downside Framework: Evidence from Warsaw Stock Exchange (Lesław Markowski)....Pages 45-53 Intraday Trading Patterns on the Warsaw Stock Exchange (Paweł Miłobędzki, Sabina Nowak)....Pages 55-66 Testing Stability of Correlations Between Liquidity Proxies Derived from Intraday Data on the Warsaw Stock Exchange (Joanna Olbryś)....Pages 67-79 Validating Downside Accounting Beta: Evidence from the Polish Construction Industry (Anna Rutkowska-Ziarko, Christopher Pyke)....Pages 81-87 Front Matter ....Pages 89-89 Application of S-curve and Modified S-curve in Transition Economies’ GDP Forecasting. Visegrad Four Countries Case (Rafał Siedlecki, Daniel Papla, Agnieszka Bem)....Pages 91-98 Financialization of Commodity Markets (Bogdan Włodarczyk, Marek Szturo)....Pages 99-108 Front Matter ....Pages 109-109 The Production or Intermediation Approach?: It Matters (Martin Boďa, Zuzana Piklová)....Pages 111-120 Competitiveness and Concentration of the Banking Sector as a Measure of Banks’ Credit Ratings (Patrycja Chodnicka-Jaworska)....Pages 121-134 Different Approaches to Regulatory Capital Calculation for Operational Risk (Ewa Dziwok)....Pages 135-143 Assessment of Systemic Risk in the Polish Banking Industry (Katarzyna Kuziak, Krzysztof Piontek)....Pages 145-158 Contemporary Challenges in the Asset Liability Management (Beata Lubinska)....Pages 159-166 Front Matter ....Pages 167-167 Does It Pay off to Change the CEO? Changes in Operating Performance: Preliminary Results (Katarzyna Byrka-Kita, Mateusz Czerwiński, Agnieszka Preś-Perepeczo, Tomasz Wiśniewski)....Pages 169-181 The Capitalistic Firm as a System that Produces Economic and Social Values (Patrizia Gazzola, Piero Mella)....Pages 183-190 Corporate Cash Holdings and Tax Changes: Evidence from Some CEE Countries (Józefa Monika Gryko)....Pages 191-198 Determinants of Capital Structure Across European Countries (Julia Koralun-Bereźnicka)....Pages 199-209 Profitability of Serial Acquirers on the Polish Capital Market (Andrzej Rutkowski)....Pages 211-218 Failure Models for Insolvency and Bankruptcy (Piotr Staszkiewicz, Bartosz Witkowski)....Pages 219-225 Front Matter ....Pages 227-227 Parental Influence on Financial Knowledge of University Students (Kutlu Ergün)....Pages 229-238 Does Households’ Financial Well-being Determine the Levels of Their Sight Deposits Under Turmoil? (Katarzyna Kochaniak)....Pages 239-251