(DK) BUSINESS, FINANCE

The group's research profile covers a wide range of topics in the fields of Economics and Finance, with particular emphasis on Financial Economics, Economic Integration, Business Cycles, Monetary Economics, Regional Economics, Economics of Innovation, Economic Policy, Labor Market, Income Inequality, Economic Growth and Development and Tourism Economic Impacts.

The group's research covers a wide range of topics, with particular emphasis on financial economics, money and banking, econophysics, the application of agent-based models, networks, and multifractal models in the fields of economics and finance.

The Center for Advanced Studies in Management and Economics (CEFAGE) was created in 2006, with the aim of promoting high quality research in the areas of Management and Economics. Since 2009 CEFAGE is funded by the Portuguese Foundation for Science and Technology (FCT) (previous project reference: UID/ECO/04007/2013; current project reference UIDB/04007/2020). 

• the performance and efficiency of business units
• corporate investment
• performance management
• financial management
• ratios in analysis, control and profit planning
• financial market efficiency and inefficiency
• financial markets and their impact on economic activity
• an impact of corporate reputation on stock prices

• prospect theory, cumulative prospect theory, modelling choice under risk, decision weights, probability weighting function, subjective probabilities, reflection effect
• behavioural aspects of companies' investment decisions
• long-term savings, retirement anxiety, trust in the pension system
• information avoidance
• vignette studies

cultural aspects of accounting,

environmental accounting,

financial and management accounting of public sector entities,

effectiveness of IT solutions supporting management,

The Department researchers keep close professional relations with Polish and foreign research centers, government institutions, non-governmental organizations and business practice, providing consulting and training services for both enterprises and government agencies. They participate in European projects as well as in research programs for international institutions.

The department conducts scientific research in three main areas. The first one is devoted to   corporate finance, and especially to the  sources of financing, capital structure and its determinants, capital market and financial instruments.
The second research topic is corporate governance. Within this area scientific interests are focused on international corporate governance,   problems concerning  state-owned firms and on supervision in family businesses.

Te Division of International Financial Markets is involved in scientific research in the areas of: finance, international finance, international financial markets, banking (including Islamic banking), currency risk management, trade finance.

Statutory activity of the Department results primarily from molded over the years of basic research profiles. These include: