Contemporary Trends and Challenges in Finance Proceedings from the 2
This book contains a selection of the contributions presented at the conference. The articles reflect the extent, diversity and richness of research areas in the field, both fundamental and applied finance. The target audience of these proceedings in
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Krzysztof Jajuga Lucjan T. Orlowski Karsten Staehr Editors
Contemporary Trends and Challenges 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. More information about this series at http://www.springer.com/series/11960
Krzysztof Jajuga • Lucjan T. Orlowski • Karsten Staehr Editors
Contemporary Trends and Challenges in Finance Proceedings from the 2nd Wroclaw International Conference in Finance
Editors Krzysztof Jajuga Finance Management Institute Wrocław University of Economics Wrocław, Poland
Lucjan T. Orlowski John F. Welch College of Business Sacred Heart University Fairfield, Connecticut 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 978-3-319-54884-5 ISBN 978-3-319-54885-2 (eBook) DOI 10.1007/978-3-319-54885-2 Library of Congress Control Number: 2017939566 © Springer International Publishing AG 2017 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 pu
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