The Warsaw Stock Exchange is still an immature market. According to many articles dealing with the problem of applying risk assessment models to the Polish stock market, techniques like the CAPM are still inadequate for young, developing, illiquid markets like the Polish one. In this paper, we...

This paper seeks the solution how to influence investors' behavior and their ability to invest responsibly. The aim is to extend the traditional approach to portfolio selection by adding ethical dimension to risk/return analysis. The first part of this study is a review of different methods of...

Non-governmental organizations have been active in Moldova since 1989, but a civil society started its today’s formation as a result of radical reforms in economic and political areas only after the country became independent in 1991. Since that time the establishment of a transitional civil...

We investigated 34 empirical studies aimed at examining the capital structure determinants in firms operating in Poland to test to what degree the financing patterns were steady during the observed period (2001-2012). Specifically, in conducting the survey we were motivated by the following...

The link between financial attitudes and financial market behaviour is well-documented. Yet, little is known about the role of financial knowledge and skills – i.e. main components of financial literacy – for shaping financial attitudes, especially from a gender perspective. Our study...

Professional advice can be perceived as a means to tackleshortcomings in the objectively measuredfinancial literacy ofconsumers. However, most studies suggest that lessfinanciallyliterate individuals are less likely to seek experts'financial advice.At the same time, it has been shown...