Contemporary Trends and Challenges in Finance Proceedings from t
This volume features a selection of contributions presented at the 2019 Wroclaw Conference in Finance, covering a wide range of topics in finance and financial economics, e.g. financial markets; monetary policy; corporate, personal and public finance; and
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Krzysztof Jajuga Hermann Locarek-Junge Lucjan T. Orlowski Karsten Staehr Editors
Contemporary Trends and Challenges in Finance Proceedings from the 5th Wroclaw International Conference in Finance
Springer Proceedings in Business and Economics
Springer Proceedings in Business and Economics brings the most current research presented at conferences and workshops to a global readership. The series features volumes (in electronic and print formats) of selected contributions from conferences in all areas of economics, business, management, and finance. In addition to an overall evaluation by the publisher of the topical interest, scientific quality, and timeliness of each volume, each contribution is refereed to standards comparable to those of leading journals, resulting in authoritative contributions to the respective fields. Springer’s production and distribution infrastructure ensures rapid publication and wide circulation of the latest developments in the most compelling and promising areas of research today. The editorial development of volumes may be managed using Springer’s innovative Online Conference Service (OCS), a proven online manuscript management and review system. This system is designed to ensure an efficient timeline for your publication, making Springer Proceedings in Business and Economics the premier series to publish your workshop or conference volume.
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Krzysztof Jajuga Hermann Locarek-Junge Lucjan T. Orlowski Karsten Staehr •
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Editors
Contemporary Trends and Challenges in Finance Proceedings from the 5th Wroclaw International Conference in Finance
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Editors Krzysztof Jajuga Department of Financial Investments and Risk Management Wroclaw University of Economics and Business Wrocław, Poland Lucjan T. Orlowski Department of Economics and Finance John F. Welch College of Business Sacred Heart University Fairfield, CT, USA
Hermann Locarek-Junge Faculty of Management and Economics Technische Universität Dresden Dresden, Sachsen, Germany Karsten Staehr Department of Economics and Finance Tallinn University of Technology Tallinn, Estonia
ISSN 2198-7246 ISSN 2198-7254 (electronic) Springer Proceedings in Business and Economics ISBN 978-3-030-43077-1 ISBN 978-3-030-43078-8 (eBook) https://doi.org/10.1007/978-3-030-43078-8 © Springer Nature Switzerland AG 2020 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the rele
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