The new issue of „Journal of Finance and Financial Law” is a journey through the latest challenges facing the modern financial market. All seven articles are connected by data analysis, an interdisciplinary approach to research and the relevance of topics important to both investors and finance researchers.
The journal contains 7 articles:
1. Assessment of the Level of Development of Cashless Transactions in the European Union Countries Between 2019–2023 - Adrian Apanel, Marlena Grzelczak:
The aim of the article is to assess the level of development of cashless payment in the European Union countries between 2019 and 2023. The following research question was formulated – which European Union countries are leading, and which are at the bottom of the ranking in terms of the level of development of cashless payment?
2. Attacks on Polish Bank Customers During the Pandemic: Cyberscams and the Role of Security Alerts - Wojciech Kaczmarczyk:
The publication aims to determine the extent to which changes in the use of e-banking during the COVID-19 pandemic influenced the methods and scale of cyberscams in Europe (including Poland). Additionally, it seeks to assess whether Polish banks conducted a proper information policy and were able to practically implement the adopted solutions during the examined period.
3. Bibliometric Analysis of Research on ESG - Patryk Janusz Król, Piotr Jędrzejewski:
The aim of this article is to provide a comprehensive bibliometric analysis of the academic literature on Environmental, Social, and Governance (ESG) topics within the domains of economics, business, and finance. By examining 4,499 documents indexed in the Web of Science (WoS) database from 2006 to 2024, the study aims to identify key trends, research clusters, influential publications, and knowledge gaps in ESG-related research.
4. The Relationship Between ESG Scores and Net Profit Growth in the Light of Factors Determining It - Burcu Zengin, Monika Bolek:
The aim of the article isto analyze the growth of net profits in the context of factors influencing it, taking into account ESG strategy implemented by companies.
5. Regulatory Deficiencies in Investor Protection on the CFD Market in Poland - Wojciech Jarosz, Mikołaj Górny:
Retail investors in capital markets have enhanced accessibility to a broad spectrum of financial instruments via online trading platforms operated by investment firms. However, these instruments are inherently complex and high-risk, making independent analysis and informed decision-making particularly challenging for non-professional investors. Leveraged products amplify both gains and losses, posing heightened risks in volatile markets like cryptocurrencies. This article critically examines the limitations of the current regulatory framework governing contracts for difference (CFDs) in Poland, following regulations introduced (Decision No. DAS.456.2.2019) by the Polish Financial Supervision Authority (KNF). This decision established restrictions on the offering, distribution, and sale of CFDs to retail clients.
6. NBP Monetary Policy in 2020–2022 in the Light of Central Banks' Responses to External Shocks – Kamila Szmigiel:
The aim of the article was to assess the effectiveness of monetary policy implementation under conditions of strong external shocks on the example of selected central banks and its implications for the formation of inflation expectations, taking into account the socio-demographic characteristics of selected groups of respondents.
7. Impact of Costs on Legal Risk of CHF Foreign Currency Mortgage Loans in Shaping Financial Performance of Selected Banks - Zofia Polkowska:
Costs associated with legal risks, including those arising from the need to carry out loan conversions, compensate borrowers, and court or settlement costs, are an element that affects the profitability of banks that have granted such loans. The purpose of this article is to indicate the impact of costs associated with the legal risk of foreign currency mortgage loans in CHF in the context of the financial performance of selected banks in Poland. Particular attention was paid to the impact of costs related to litigation, the settlement process and loan conversions on the financial performance of banks. The article uses an analysis of studies and data published by financial safety net institutions and an analysis of the financial results of banks operating in the Polish banking sector. Due to the provisions made, banks are more prepared for the challenge of the materialization of legal risks related to foreign currency housing loans. However, it should be emphasized that this risk will be one of the main factors affecting the situation of banks in the coming years. The article complements the existing body of research on legal risk provisions with the impact of the level of provisions on the financial performance of banks operating in the Polish banking sector.
Each article is grounded in robust data analysis and reflects an interdisciplinary approach to understanding current challenges in finance. This edition of the „Journal of Finance and Financial law” not only answers the burning questions of contemporary finance, but also reflections on the directions of development.
The entire issue is available at the link: https://czasopisma.uni.lodz.pl/fipf/issue/view/2124