Studia Oeconomica Posnaniensia
PREFACE With the next issue of Studia Oeceonomica Posnaniensia we want to take a part in multinational discussion on the theme of sustainability development. In the first article the author presents the contribution of socially responsible investment funds (SRI funds) to the realization of a sustainable development concept as well as the outcomes of research on the condition of the Polish SRI funds market. The next two articles present various applications of real options in financial
... financial institutions, especially banks and portfolio management companies, which may use it as an instrument of sustainable growth. The second article compares the profitability and risk factor of the SINdex (from the so called sin stocks group) with the Socially Responsible Index (SRI) from the Dow Jones (DJSI.US) group. The results were compared with the results obtained by such conventional indices as the NASDAQ-100 and the DJIA. The next paper compares an analysis of the sustainability reporting practices of Bank Millennium, and tries to show how the reports are presented. The author presents the features and the content of the Bank's sustainability reports, and the choice of what is measured and reported with the presentation of graphical charts in the reports. The fifth article presents the following research hypothesis: reciprocity has a positive impact on the financial resilience of households and thus reduces their susceptibility to financial exclusion. The verification of such a hypothesis was possible as a result of carrying out the main purpose, i.e. determining the importance of the reciprocity principle for establishing financial resilience and the inclusion of households. Retirement Savings in an Ageing Society: a challenge for sustainable development is the purpose of the sixth article. The author considers the thesis that as long as individual retirement security is deprived of support from state aiding financial institutions in creating incentives for Poles to save, the issue will remain unsolved.