IntroductIon

Challenges ahead

We are offering you the latest edition of Copernican Journal of Finance & Ac-
counting. As you know, with each issue we are becoming more recognized in 
the world of science. This is our common success: Scientific Council, Reviewers 
Team and, of course, Authors and Readers. On behalf of Editorial Board I would 
like to thank all of you.

However, a lot of work is still ahead of us.
Contemporary Economy and Economics face a lot of challenges and serious 

paradoxes, as well.
We have achieved the highest level of development in the history of man-

kind. Homo sapiens possesses a huge capital of science, business experience, 
technology and, of course, also huge financial capital. However, in spite of the 
above mentioned four capitals we deal with two kinds of problems:
 ■ permanent problems (e.g., unemployment, poverty and overstress)

and
 ■ extraordinary problems (e.g., economic or financial crisis).

The society expects from us – scientists, to research and solve problems to 
make our existence more bearable. As economy is for people then perhaps we 
need more social capital in economy? Hence a few questions. Is the social capi-
tal the fifth underrated capital? If yes, how to create and impose social capital 
in economy maintaining parallelly market mechanisms?

Moreover, there are a lot of important, inspiring and very promising terms: 
CSR, SRI, ESG, CC, IR. There is a lot of hope. Also, there are a lot of serious doubts.

We would like to encourage you to meet the challenge. Finance & Account-
ing should contribute to the progress of Economy & Economics.

The invitation to cooperate with our Journal is still open for you.

Editor in Chief
Professor Leszek DZIAWGO