The extensive experience of our experts in the field of economic sciences enables us to implement projects in the field of behavioural corporate finance, especially in the context of analysing individual behaviours in the investment process.

Upon understanding risk and uncertainty, we present investment strategies for the non-decreasing utility function which takes into account both individual risk and preference approaches. We plan investment strategies and identify factors which affect the effectiveness of undertaken investments.

We perform research studies in the field of determining market and stock market asymmetries, behaviours and incentives which accompany decisions with the application of the Wald criterion, the Laplace criterion, the Hurvich criterion and the Savage criterion.

We show irrational mechanisms of investment decision-making and present possible risk mitigation measures in the field of subjective beliefs and cognitive errors, making use of a broad scope of research methods (also in the context of volatility modelling in financial markets using GARCH models).

Finanse behawioralne przedsiebiorstw

Contact

Alicja Tołwińska Ph.D

Managing Associate

Ph.D in Economics in the discipline of management sciences, tax advisor (entry no. 13248). Graduate of the Faculty of Economics at the University of Białystok and the Postgraduate Studies in Accounting and Business Finance at the Warsaw School of Economics. Practitioner in the field of law application and assessment of the legality of corporate tax strategies. She specialises in financial reporting, tax and criminal analysis, tax risk management, public finance and tax proceedings.

She gained her professional experience in the field of taxation while working in the Ministry of Finance within 2005-2017. She held, among others, the position of the director of the Tax Inspection Office, the deputy head of the Customs and Tax Office, tax control inspector, and the head of the analysis department. She was the internal trainer at the Centre for Vocational Education at the Ministry of Finance and the National School of Treasury. She holds the title of a business trainer at the 5th European Qualifications Framework level, as well as a criminal analyst’s qualifications obtained at the Police Academy in Szczytno.

Other Services

Counteracting financial frauds

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Multidimensional business modelling

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Corporate behavioural finances

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Recovery and restructuring programmes

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Cryptocurrency market

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Corporate advisory

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Financial analysis

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Mergers and Acquisitions

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Financial security risks management

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Corporate Finance

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Judicial / arbitral / amicable / conciliatory / decision-making opinions and expert opinions

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Due Dilligence

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