Contemporary Trends and Challenges in Finance Proceedings from the 4
This volume features a selection of contributions presented at the 2018 Wroclaw Conference in Finance, which cover a wide range of topics in finance and financial economics, e.g. financial markets; monetary policy; corporate, personal and public finance;
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Krzysztof Jajuga Hermann Locarek-Junge Lucjan T. Orłowski Karsten Staehr Editors
Contemporary Trends and Challenges in Finance Proceedings from the 4th Wroclaw International Conference in Finance
Springer Proceedings in Business and Economics
More information about this series at http://www.springer.com/series/11960
Krzysztof Jajuga • Hermann Locarek-Junge • Lucjan T. Orłowski • Karsten Staehr Editors
Contemporary Trends and Challenges in Finance Proceedings from the 4th Wroclaw International Conference in Finance
Editors Krzysztof Jajuga Finance Management Institute Wroclaw University of Economics Wroclaw, Poland
Hermann Locarek-Junge Faculty of Management and Economics Dresden University of Technology Dresden, Germany
Lucjan T. Orłowski Jack Welch College of Business Sacred Heart University Fairfield, CT, USA
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 978-3-030-15580-3 ISBN 978-3-030-15581-0 (eBook) https://doi.org/10.1007/978-3-030-15581-0 © Springer Nature Switzerland AG 2019 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 relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. This Springer imprint is published by the registered company Springer Nature Switzerland AG. The registered company address is: Gewerbestrasse 11, 6330 Cham, Switzerland
Preface
This volume presents papers from the 4th Wrocław International Conference in Finance held at the Wrocław University of Economics on September 26–27, 2018. We have sought to assemble a set of studies addressing a broad spectrum of recent trends and issues in finance, particularly those concerning markets and institutions in Central and Eastern European countries. In the final selection, we accepted 19 of the papers that were presented at the conference. Each of the submissions has been reviewed by at lea
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