"Financial Investments and Insurance – Global Trends and the Polish Market. PN 381"

Spis treści

Introduction 10

Roman Asyngier: The effect of reverse stock split on the Warsaw Stock Exchange 12

Monika Banaszewska: Foreign investors on the Polish Treasury bond market in the years 2007-2013 27

Katarzyna Byrka-Kita, Mateusz Czerwiński: Large block trades and private benefits of control on Polish capital market 37

Ewa Dziwok: Value of skills in fixed income investments 51

Łukasz Feldman: Household risk management techniques in an intertemporal consumption model 60

Jerzy Gwizdała: Equity Release Schemes on selected housing loan markets across the world 73

Magdalena Homa: Mathematical reserves in insurance with equity fund versus a real value of a reference portfolio 87

Monika Kaczała, Dorota Wiśniewska: Risks in the farms in Poland and their financing – research findings 99

Yury Y. Karaleu: “Slice-Of-Life” customization of bankruptcy models: Belarusian experience and future development 116

Patrycja Kowalczyk-Rólczyńska: Equity release products as a form of pension security 133

Dominik Krężołek: Volatility and risk models on the metal market 143

Bożena Kunz: The scope of disclosures of fair value measurement methods of financial instruments in financial statements of banks listed on the Warsaw Stock Exchange 159

Szymon Kwiatkowski: Venture debt financial instruments and investment risk of an early stage fund 178

Katarzyna Łęczycka: Accuracy evaluation of modeling the volatility of VIX using GARCH model 186

Ewa Majerowska: Decision-making process: technical analysis versus financial modelling 200

Agnieszka Majewska: The formula of exercise price in employee stock options – testing of the proposed approach 212

Sebastian Majewski: The efficiency of the football betting market in Poland 223

Marta Małecka: Spectral density tests in VaR failure correlation analysis 236

Adam Marszk: Stock markets in BRIC: development levels and macroeconomic implications 251

Aleksander R. Mercik: Counterparty credit risk in derivatives 265

Josef Novotný: Possibilities for stock market investment using psychological analysis 276

Krzysztof Piasecki: Discounting under impact of temporal risk aversion − a case of discrete time 290

Aleksandra Pieloch-Babiarz: Dividend initiation as a signal of subsequent earnings performance – Warsaw trading floor evidence 300

Radosław Pietrzyk, Paweł Rokita: On a concept of household financial plan optimization model 315

Agnieszka Przybylska-Mazur: Selected methods of the determination of core inflation 335

Andrzej Rutkowski: The profitability of acquiring companies listed on the Warsaw Stock Exchange 347

Dorota Skała: Striving towards the mean? Income smoothing dynamics in small Polish banks 365

Piotr Staszkiewicz, Lucia Staszkiewicz: HFT’s potential of investment companies 377

Dorota Szczygieł: Application of three-dimensional copula functions in the analysis of dependence structure between exchange rates 391

Aleksandra Szpulak: A concept of an integrative working capital management in line with wealth maximization criterion 406

Magdalena Walczak-Gańko: Comparative analysis of exchange traded products markets in the Czech Republic, Hungary and Poland 427

Stanisław Wanat, Monika Papież, Sławomir Śmiech: Causality in distribution between European stock markets and commodity prices: using independence test based on the empirical copula 440

Krystyna Waszak: The key success factors of investing in shopping malls on the example of Polish commercial real estate market 456

Ewa Widz: Single stock futures quotations as a forecasting tool for stock prices 470

Tadeusz Winkler-Drews: Contrarian strategy risks on the Warsaw Stock Exchange 484

Marta Wiśniewska: EUR/USD high frequency trading: investment performance 497

Agnieszka Wojtasiak-Terech: Risk identification and assessment − guidelines for public sector in Poland 511

Ewa Wycinka: Time to default analysis in personal credit scoring 528

Justyna Zabawa, Magdalena Bywalec: Analysis of the financial position of the banking sector of the European Union member states in the period 2007–2013 538