Following the proposal of the World Bank in the end of the 1990s, a number of Central European countries have extended their pay-as-you-go pension systems by a capital-market-based element in the form of…
The aim of the project is to determine the importance of funds assets to the retail investor. Here, we distinguish between a representative retail investor and individual investor groups. Measuring the…
The paper provides new evidence on the factors that explain stock returns on the emerging markets. It focuses on the largest and most developed of the Central and Eastern European markets, the Polish stock…
