‘In the middle of difficulty lies opportunity’, Albert Einstein
Turbulent markets as a context. Over the years 2007-2011, market volatility has risen enormously and just recently fell without immediate rational explanation, despite still high levels of uncertainty and perceived volatility. As a consequence, traditional planning and forecasting tools have turned out to be not always applicable, or even erroneous. Inherent complexity in structures and agent relations caused fatal and unforeseen impacts, and some tend to agree that in cases risk once again became uncertainty, because formerly reliable deterministic models on the micro and macro level were invalidated.
Such an extreme environment however also creates opportunities for innovation in processes and thinking. At the same time, information as a prerequisite for rational decisions has become almost overly affluent - in terms of timeliness, scope and delivery. Intelligence is available everywhere and at any time, often through new modes of delivery, such as social media. This creates an interesting playground for technological innovation, while at the same time business leaders are questioning the whole process of decision making, planning and forecasting. While some see the need to gain more, and especially more timely information, others are adapting more entrepreneurial strategies in dealing with uncertainty. Yet others are innovating and rethinking how they approach financing and ultimately opportunity exploitation for example through Crowdsourcing and Crowdfunding. Such crowd based activities also heavily rely on information and intelligence, however often untested and un-audited - yet some call it the “wisdom of the crowd” and embrace these as a new paradigm and emancipation from traditional financial institutions like banks or venture capital firms.
The outlined interwoven and dynamic fields invite a multitude of scholarly perspectives, dealing with for example: efficiency in markets, time issues in planning and reporting, information dispersion and risk-perception, regulation and auditing, strategy building, behavioural finance and technological impact.
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Topics may come from a broad range, for example:
Corporate Finance
Economics and Global Finance
Behavioural Finance
Treasury and Liquidity Management
Finance and Enterprise Risk Mgmt.
Accounting and Reporting
Mathematical & Co
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