Effective Investments on Capital Markets: 10th Capital Market Effective Investments Conference (CMEI 2018)

Front Matter ....Pages i-xvi
Front Matter ....Pages 1-1
 Analysis of Performance of the Warsaw Stock Exchange Companies from Finance Macrosector in Periods of Crisis  (Beata Bieszk-Stolorz, Iwona Markowicz)....Pages 3-16
 Integration Level and the Hierarchical Structure of European Stock Markets in the Years 2004–2017  (Elżbieta Majewska)....Pages 17-32
 In Search of the Best Proxy for Liquidity in Asset Pricing Studies on the Warsaw Stock Exchange   (Szymon Stereńczak)....Pages 33-52
 International Capital Markets and the Global Real Economy  (Adam Szyszka)....Pages 53-67
 Tax Planning in Bank Tax—Analysis of the Use of Treasury Bonds  (Małgorzata Twarowska-Ratajczak)....Pages 69-78
 The Role of a Court Expert in Determining the Sale Price of an Enterprise or Individual Assets in the Polish Bankruptcy Law—Selected Legal Aspects  (Kinga Flaga-Gieruszyńska)....Pages 79-92
 Inclusion of ESG Factors in Investments and Value Addition: A Meta-Analysis of the Relationship  (Ria Sinha, Manipadma Datta, Magdalena Ziolo)....Pages 93-109
 Financial Services Market in an Ageing Society. Challenges for the Development of Silver Economy  (Grażyna Krzyminiewska)....Pages 111-120
 Towards Measurement Framework of Digital Skills in Finance  (Monika Rozkrut, Dominik Rozkrut)....Pages 121-133
Front Matter ....Pages 135-135
 The Motives of Name Changes and Share Quotations on the Warsaw Stock Exchange  (Roman Asyngier)....Pages 137-149
 The Investor’s Preferences in the Portfolio Selection Problem Based on the Goal Programming Approach  (Donata Kopańska-Bródka, Renata Dudzińska-Baryła, Ewa Michalska)....Pages 151-163
 Early Warning Against Insolvency of Enterprises Based on a Self-learning Artificial Neural Network of the SOM Type  (Kamila Migdał-Najman, Krzysztof Najman, Paweł Antonowicz)....Pages 165-176
 Alternative Estimators for the Effective Spread Derived from High-Frequency Data  (Joanna Olbryś, Michał Mursztyn)....Pages 177-188
 Investment Strategies Determined by Present Value Given as Trapezoidal Fuzzy Numbers  (Krzysztof Piasecki, Joanna Siwek)....Pages 189-213
 Application Quantile-Based Risk Measures in Sector Portfolio Analysis—Warsaw Stock Exchange Approach  (Grażyna Trzpiot)....Pages 215-224
 Is the Three-Factor Better Than Single-Factor Capital Asset Pricing Model? Case of Polish Capital Market  (Dorota Witkowska)....Pages 225-238
 Beta Coefficient and Fundamental Strength in Companies Listed on the Warsaw Stock Exchange  (Waldemar Tarczyński, Małgorzata Tarczyńska-Łuniewska)....Pages 239-256
 Comparison of the Results of Modelling Rates of Return Depending on the Financial Situation of Companies with the Use of Real and Transformed Values of Variables  (Barbara Batóg, Katarzyna Wawrzyniak)....Pages 257-269
 Diversification of the Equity Portfolio Using Precious Metals in Poland  (Agnieszka Majewska, Urszula Gierałtowska)....Pages 271-282
Front Matter ....Pages 283-283
 The Co-movement of the Czech Republic, Hungary and Poland Sovereign Credit Default Swaps Spreads  (Paweł Miłobędzki, Sabina Nowak)....Pages 285-299
 Characteristics of Dichotomous Variable Estimators  (Jan Purczyński)....Pages 301-321
 Dynamics of the Financial Markets and the Wealth Concentration  (Jerzy Marcinkowski)....Pages 323-332
 Examining Engagement and Emotions in Financial Simulation Games  (Konrad Biercewicz, Jarosław Duda, Mariusz Borawski)....Pages 333-349
 Methods of Examining the Neuronal Bases of Financial Decisions  (Mateusz Piwowarski, Konrad Biercewicz, Mariusz Borawski)....Pages 351-368
 Behavioural Finance Then and Now  (Danuta Miłaszewicz)....Pages 369-379
Front Matter ....Pages 381-381
 Liquidity on the Capital Market with Asymmetric Information  (Barbara Będowska-Sójka, Przemysław Garsztka)....Pages 383-392
 Stock Market Reactions to Dividend Announcements: Evidence from Poland  (Bogna Kaźmierska-Jóźwiak)....Pages 393-404
 Gold Market and Selected Stock Markets–Granger Causality Analysis  (Katarzyna Mamcarz)....Pages 405-422
 Investment Decision Support on Precious Metal Market with Use of Binary Representation  (Krzysztof Piasecki, Michał Dominik Stasiak, Żaneta Staszak)....Pages 423-438
 Underdevelopment of the Financial Market in China as a Barrier to the Internationalization of the Renminbi  (Katarzyna Twarowska)....Pages 439-455
 The Mechanisms of Changes in the Infrastructure of the Payment Card Market—A Comparative Analysis of Poland and China  (Wiśniewski Jerzy Witold, Sokołowska Ewelina, Wu Jinghua)....Pages 457-471
 The Econometric Analysis of the Food Sector Performance on the Background of the Main Market at Warsaw Stock Exchange  (Dorota Żebrowska-Suchodolska, Andrzej Karpio)....Pages 473-483
 Fuzzy AHP and VIKOR to Select Best Location for Bank Investment: Case Study in Kurdistan Region of Iraq  (Ahmet Demir, Sarkhel Shawkat, Bzhar Nasradeen Majeed, Taylan Budur)....Pages 485-510