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Search results for: EFFICIENT MARKET HYPOTHESIS
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Optymizm przedsiębiorców a ich postawy wobec zmian
PublicationArtykuł dotyczy postaw przedsiębiorców wobec wprowadzania zmian w zarządzanych przez nich firmach. Celem podjętych badań była weryfikacja hipotezy, że poziom optymizmu przedsiębiorcy wpływa na akceptację sytuacji zmian w organizacji i otwartość na jej wdrażanie. Badaniom kwestionariuszowym poddano przedsiębiorców działających na terenie Trójmiasta. Wykorzystano Skalę Orientacji Pozytywnej oraz adaptację Skali Postaw Pracowniczych...
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Experimental economics in business education: Using simple games to achieve multifaceted effects
PublicationEconomics differs from other sciences not only because of its normative part, but also because of very limited use of experiments. In this way, economics is often perceived as being methodologically more similar to astronomy or meteorology rather than physics or chemistry. Over last decades, however, experimental economics has been significantly developed. This chapter presents some of the possibilities for academic teachers to...
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Innovative management of IT projects with the use of the agent-based approach on the basis of intelligent agents
PublicationProject management is one of the major challenges for the modern economy. Dynamic changes in the structures of organizations which form the core of the economy imply changes in both management processes and structures. One element of these changes is a new approach to the manufacturing of modern and rapidly changing products (due to changing market requirements). As part of these changes, traditional organizational structures are...
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Method for Assessing Rail Transport Competitiveness in Poland and the United Kingdom
PublicationBoth in Poland and United Kingdom, as well as worldwide, railways have to compete with other modes of transport, and the rail industry seeks for possibilities of achieving a competitive advantage over them. Thus, there is a need for methods for assessment of rail transport competitiveness and detection of areas for improvement. This paper presents a method developed for the Polish regional transport market and verified according...
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LABOUR SHARE IN THE DOMESTIC INCOME COMPARED TO DIFFERENT LABOUR MARKETS
PublicationThe purpose of this paper is to examine the changes in the share of labour in the domestic income in the years 1995-2010 in the Visegrád Group states, taking into account the level of development of the domestic labour markets. The study involves a review of the literature relating to the labour market issues, collecting sources and their use in the empirical part. The study used the induction method, the elements of descriptive...
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Cybersecurity in the Electricity Sector
PublicationThis book offers a systematic explanation of cybersecurity protection of electricity supply facilities, including discussion of related costs, relevant standards, and recent solutions. The author explains the current state of cybersecurity in the electricity market, and cybersecurity standards that apply in that sector. He then offers a systematic approach to cybersecurity management, including new methods of cybersecurity assessment,...
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Efficiency of Biomass Energy used for Heating Purposes in a Residential Building in Comparison with other Energy Sources
PublicationThis paper discusses the results of analyses investigating the energy efficiency of biomass in comparison with other popular energy carriers used for heating, ventilation and water heating in residential buildings. The compared energy sources were lignite, natural gas, heating oil and electricity produced by conventional and integrated power generation plants. The most efficient variant relying on biomass and the least efficient...
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Social media for e-learning of citizens in smart city
PublicationThe rapid development of social media can be applied for citizens’ e-learning in a smart city. Big cities have to cope with several open issues like a growing population or a traffic congestion. Especially, a home and public space is supposed to be used in more efficient way. Sustainable homes and buildings can be planned with using some modern techniques. Even currently, there is a huge problem with a lack of key resources like...
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Systemowe ryzyko płynności w polskim systemie bankowym – determinanty i trendy
PublicationCelem rozprawy jest określenie metod pomiaru systemowego ryzyka płynności oraz pomiar tego ryzyka dla polskiego systemu bankowego za pomocą zaproponowanych metod, w oparciu o dostępne dane. Do celów rozprawy zaliczyć należy również przedstawienie problemu systemowego ryzyka płynności od strony jego wpływu na gospodarkę. Zgodnie z hipotezą główną, systemowe ryzyko płynności w polskim systemie bankowym w latach 1996-2012 wzrosło....
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Computational Approaches to Modeling Artificial Emotion – An Overview of the Proposed Solutions
PublicationCybernetic approach to modeling artificial emotion through the use of different theories of psychology is considered in this paper, presenting a review of twelve proposed solutions: ActAffAct, FLAME, EMA, ParleE, FearNot!, FAtiMA, WASABI, Cathexis, KARO, MAMID, FCM, and xEmotion. The main motivation for this study is founded on the hypothesis that emotions can play a definite utility role of scheduling variables in the construction...
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Combination of terrestrial laser scanning and UAV photogrammetry for 3D modelling and degradation assessment of heritage building based on a lighting analysis: case study—St. Adalbert Church in Gdansk, Poland
PublicationThe construction of the St. Adalbert Church in Gdansk dates to 1310. It is a church of rich history and great historical value, and its care is challenging. In this study, the combination of unmanned aerial vehicle (UAV) photogrammetry and terrestrial laser scanning (TLS) was used to accurately build a 3D model of the church. Together with the collected historical inventory documentation, the historic building information model...
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Towards Cognitive and Perceptive Video Systems
PublicationIn this chapter we cover research and development issues related to smart cameras. We discuss challenges, new technologies and algorithms, applications and the evaluation of today’s technologies. We will cover problems related to software, hardware, communication, embedded and distributed systems, multi-modal sensors, privacy and security. We also discuss future trends and market expectations from the customer’s point of view.
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The Efficiency and Productivity Evaluation of National Innovation Systems in Europe
PublicationPurpose: An efficient innovation system currently plays a crucial role in creating competitive prevalence, contributing to the economic growth of individual states. The innovation system is influenced by many socioeconomic factors, including in international rankings of innovativeness of economies. These classifications have some limitations. Primarily, they do not examine the efficiency, which means they do not analyze the...
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Krótko- i długookresowe skorygowane krańcowe skłonności do konsumpcji. Gospodarka Polski w latach 1995-2018
PublicationWe wstępnej części artykułu - odwołując się do teorii Keynesa - omówiono i zdefiniowano podstawowe relacje makroekonomiczne pomiędzy konsumpcją globalną a produktem krajowym brutto. W następnej kolejności przeprowadzono analizę informacji statystycznych dotyczących prywatnych wydatków konsumpcyjnych gospodarstw domowych (C) oraz globalnych wydatków konsumpcyjnych społeczeństwa (CO) na tle produktu krajowego brutto (PKB) w Polsce...
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Cryptocurrencies as a Speculative Asset: How Much Uncertainty is Included in Cryptocurrency Price?
PublicationThe aim of this paper is to examine the relationship between uncertainty indices (Geopolitical Uncertainty Index and Global Economic Policy Uncertainty Index) and cryptocurrencies. This study evaluated the behavior of cryptocurrencies with the evolution of uncertainties (GPU, EPU) on returns and volatility in terms of safe heaven as in traditional specualtive assets it increases their volaitility and reduces risk. For this purpose,...
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Renewable and Sustainable Energy: Current State and Prospects
PublicationThe last two decades of the twentieth century represented a period of above-average, systematic growth of formal and informal interdependencies between economies of different countries and between world markets. The intensity, magnitude, and diversity of these interdependencies have never been recorded before in economic history, and the market transformations taking place have been referred to in the literature as the process...
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Information and communication technologies versus diffusion and substitution of financial innovations. The case of exchange-traded funds in Japan and South Korea
PublicationThe substitution between financial innovations, exchange-traded funds (ETFs), and stock index derivatives (i.e. index financial instruments) is one of the relatively understudied topics of the financial sciences. The current study aims to verify empirically the diffusion and substitution of ETFs in the market for index financial instruments. It presents in-depth analysis of the development of index financial instruments traded...
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Intraday price reaction to filing bankruptcy and restructuring proceedings – the evidence from Poland
PublicationThis chapter presents the results of research on the price reaction of shares listed on the Warsaw Stock Exchange to filing bankruptcy and/or restructuring applications. Event study was adopted as the research method, and it was performed at 10, 5, and 1-minute intervals. It was found that the reaction is rapid, as it takes 1–2 minutes after the information on bankruptcy and restructuring applications was made public. Significantly...
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Biznesplan dla zakładu podstawowej opieki zdrowotnej o rozszerzonej działalności na obszarze dzielnicy Gdańsk-Południe
PublicationIn recent years we have seen the dynamic development of medical services sector in Poland. Private health centres focus on aggressive development strategy. The role of primaryhealth care facilities, which provide services financed from the public funds, declined.The purpose of the article is to present methods of strategic planning which allow toopen new healthcare entity. The next purpose is to make in practice...
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Transforming the Gdansk Bay Area
PublicationThe political transformation of Poland in the early nineties from a centrally steered economy to a free market economy entailed changes of the spatial planning system. The impact of these changes on the spatial transformations and current shape of urban structures in the Gdansk Bay Metropolitan Area is apparent and significant. The paper concentrates on the present spatial phenomena of Gdansk Agglomeration resulting from the main...
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Alternative Energy: Photovoltaic Solar Cells
PublicationSolar radiation is a fuel for photovoltaic cells and modules, which are a source of electric energy. Viable solar technologies that have been developed in the past are starting to be adopted on a broader and more meaningful global scale across different sectors with ever-increasing market penetration. In this entry, a brief overview of the material properties relevant to solar cell operation, the structure of the solar cell, and electrical...
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Slow-wave resonant structures in branch-line coupler miniaturization: a case study
PublicationA case study of novel slow-wave resonant structures dedicated to efficient microstrip branch-line coupler size reduction has been presented. A compact 3-dB branch-line coupler has been designed to mimic the performance of its conventional counterpart, simultaneously demonstrating a substantial 88% surface area reduction. The vital usefulness of the approach in the process of microstrip line abbreviation has been experimentally...
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Band engineering of BiOBr based materials for photocatalytic wastewater treatment via advanced oxidation processes (AOPs) – A review
PublicationSemiconductor based photocatalysts have been an efficient technology for water and wastewater remediation, addressing the concepts of green chemistry and sustainable development. Owing to narrow and suitable band structure, BiOBr is a promising candidate for efficient wastewater treatment via photocatalysis. Enhancement of photocatalytic properties can be obtained by various techniques like doping, element rich strategy, facet...
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The Response of Selected Domestic Capital Markets on the Development of COVID-19 Pandemic – a Broader View
PublicationObjective: The study examines how the record of the first, hundredth, thousandth, ten-thousandth, one-hundred-thousandth, and millionth cases of COVID-19 affected investor behaviour in capital markets. It also looks at whether the month in which the first case was recorded in a given market affected the direction and strength of investor reactions. Lastly, it verifies whether the two announcements made by the WHO related to COVID-19...
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Mass spectrometry based identification of geometric isomers during metabolic stability study of a new cytotoxic sulfonamide derivatives supported by quantitative structure-retention relationships
PublicationA set of 15 new sulphonamide derivatives, presenting antitumor activity have been subjected to a metabolic stability study. The results showed that besides products of biotransformation, some additional peaks occurred in chromatograms. Tandem mass spectrometry revealed the same mass and fragmentation pathway, suggesting that geometric isomerization occurred. Thus, to support this hypothesis, quantitative structure-retention relationships...
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Renewable Energy in the Pomerania Voivodeship—Institutional, Economic, Environmental and Physical Aspects in Light of EU Energy Transformation
PublicationIn the era of globalization and rapid economic growth, affecting most world economies, increased production and consumption are leading to higher levels of energy production and consumption. The growing demand for energy means that energy resources from conventional sources are not sufficient; moreover, its production generates high costs and contributes to the emission of greenhouse gases and waste. In view of the above, many...
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Impacts in case of triple unilaterally constrained system
PublicationThe this paper focus on the behaviour of a “rigid” body biting into another “rigid” body, with some nonzero relative velocity. In the presently considered case, the introduced collision appears between a selected element of a multibody structure and its reference body being interpreted as the motionless ground. Instead of the classic case, described in a number of dissertations, where a single impacting contact is considered, three...
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EVALUATION OF THE EFFICIENCY OF FLEXICURITY IMPLEMENTATION IN OECD COUNTRIES
PublicationFlexicurity is a policy of flexible and secure labour market. It has been the subject of many analyses, however, a coherent evaluation methodology is difficult to specify. The purpose of this paper is to propose a Data Envelopment Analysis based model for the evaluation of the efficiency of flexicurity implementation in OECD countries. The results will be used to create the ranking of countries, to determine changes in time, and...
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Application development for Android, iOS and BlackBerry mobile platforms
PublicationMobile devices, along with dedicated operating systems, have become a substantial and rising trend in software development. Computer industry has significantly changed in order to fulfil the needs of this new segment of the market. Authors have participated in projects, which involved programming on Android, iOS and BlackBerry operating systems. In this paper the most popular mobile platforms (and multiplatform Unity3D environment)...
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Selected Issues of Hybrid Outboard Motors
PublicationThe aim of the research reported in the article was designing a hybrid drive system based on an outboard internal combustion engine offered by a selected producer and testing its operating characteristics. The article presents different designs of this type of drive which can be found in the literature and are available in the market. The designed hybrid outboard drive system was tested both on the laboratory test rig and in real...
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Sensitivity analysis based on non-intrusive regression-based polynomial chaos expansion for surgical mesh modelling
PublicationThe modelling of a system containing implants used in ventral hernia repair and human tissue suffers from many uncertainties. Thus, a probabilistic approach is needed. The goal of this study is to define an efficient numerical method to solve non-linear biomechanical models supporting the surgeon in decisions about ventral hernia repair. The model parameters are subject to substantial variability owing to, e.g., abdominal wall...
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Increasing K-Means Clustering Algorithm Effectivity for Using in Source Code Plagiarism Detection
PublicationThe problem of plagiarism is becoming increasingly more significant with the growth of Internet technologies and the availability of information resources. Many tools have been successfully developed to detect plagiarisms in textual documents, but the situation is more complicated in the field of plagiarism of source codes, where the problem is equally serious. At present, there are no complex tools available to detect plagiarism...
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Deregulacja polskiego rynku pracy
PublicationHistorycznie ukształtowana regulacja rynku pracy związana jest z jego infrastrukturą organizacyjno-prawną, tzn. przepisami dotyczącymi płac, czasu pracy i ochrony stosunku pracy. W opinii zwolenników deregulacji utrudnia ona elastyczne dostosowywanie się do rozmiarów zatrudnienia w zależności od zaistniałej sytuacji gospodarczej, powodując wzrost bezrobocia strukturalnego i wzrost kosztów pracy. Deregulacja rynku pracy związana...
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Projekty NFT i bariery ich wejścia na rynek
PublicationNiniejsza praca traktuje o barierach wejścia na rynek dla projektów NFT. Porusza zagadnienia związane z kapitałochłonnością, regulacjami prawnymi, dostępem do wiedzy i patentów, a także ze zróżnicowaniem produktów i dostawców na rynku NFT. Celem pracy jest identyfikacja i opis barier wejścia, które napotykają nowe przedsiębiorstwa wchodzące na rynek. Autorzy przewidują, że wraz z rosnącym zainteresowaniem konsumentów wzrośnie zainteresowanie...
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Scheduling jobs to contain a natural disaster: a model and complexity
Publicationthis paper is devoted to the problem of scheduling suppression units so that a natural disaster is dealt with as efficient as possible. the concept of deteriorating jobs is adopted, that is, the formal model of scheduling represents linearly increasing value loss as the disaster remains unsuppressed and increasing time for its suppression. more precisely, two different goals are considered: finding a suppression schedule of minimal...
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Mind the Gender Wage Gap – the Impact of Trade and Competition on Sectoral Wage Difference
PublicationThis article examines differences between women’s and men’s wages in 18 selected OECD countries in the period 1970-2005. The study is based on 12 manufacturing sector- and skill-specific sets of panel data on the gender wage gap. We apply a system GMM estimator to the extended version of the conditional gender wage gap convergence equation, controlling for sector concentration and industry-specific measures of openness using a...
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Economic significance of initial public offerings in China and India
PublicationRapid economic growth in China and India has attracted attention of many researchers, focusing on various social and economic factors underlying the success of these countries. One of the key components of country’s economy is financial system which consists of segments such as banking sector and equity market. The topic of initial public offerings (IPOs), one of the corporate financing sources, involving raising funds through...
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The investment process in the power supply industry
PublicationThe basis for power supply industry programming in a market economy should be the principle of sustainable development, which must take into account maintaining an adequate level of energy security on the one hand, and the aim to preserve the maximum degree of non-renewable resources on the other hand. Therefore, the overriding aim should be a strive to meet the current and prospective demand for energy and fuel, in conjugation...
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Technological aspects of manufacturing polymer packaging materials degradable in seawater environment
PublicationIn recent years, the number of polymer materials used in the food packaging market was growing extremely fast. This contributed to depletion of non-renewable resources and more intense degradation of the environment due to resistant polymer. Therefore, such a dramatic situation has forced researchers to look for biodegradable materials, decomposable under action of microorganism. Currently, only a small number of researches examine...
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The Undisrupted Growth of the Airbnb Phenomenon between 2014–2020. The Touristification of European Cities before the COVID-19 Outbreak
PublicationAs a result of the Airbnb eruption, not only has the character of the short-term rental market been completely transformed, but the decades long growth in tourism has also been further accelerated. Therefore, due to the new demands of the tourism economy, the major shift in the usage of historic city centers occurred–the process of ‘touristification’, that results in the emergence of its new, unsustainable form. Despite the significance...
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Are Pair Trading Strategies Profitable During COVID-19 Period?
PublicationPair trading strategy is a well-known profitable strategy in stock, forex, and commodity markets. As most of the world stock markets declined during COVID-19 period, therefore this study is going to observe whether this strategy is still profitable after COVID-19 pandemic. One of the powerful algorithms of DBSCAN under the umbrella of unsupervised machine learning is applied and three clusters were formed by using market and accounting...
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An unorthodox view on the problem of tracking facial expressions
PublicationRecent developments in imaging cameras has opened a new way of analyzing facial expression. We would like to take advantage from this new technology and present a method of imaging and processing images of human face as a response to the particular stimuli. The response in this case is represented by the facial expressions and the stimuli are still images representing six basic emotions according to Eckmann. Working hypothesis...
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TOPOLOGICAL CLUES FOR PREDICTING OUTCOMES OF MULTIPLAYER ONLINE BATTLE ARENA GAMES
PublicationWith 27 million people playing League of Legends every day, e-sports became more and more important part of our everyday life. Rise of its popularity builds a demand for better understanding e-sports mechanics on a deeper level. In the article, we test a hypothesis that it is possible to predict an outcome of Multiplayer Online Battle Arena game based on topological clues only (such as area of polygon where vertices are players...
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Within- and between-firm wage inequalities and trade integration in GVC
PublicationThis paper examines between- (inter) and within- (intra) firm wage inequality using rich employer-employee data for 12 European countries. We confirm that much overall wage inequality is observed within sectors and within occupations. The share of the within- and between-firm components in overall wage inequality varies across countries. We estimate the link between involvement in global value chains (GVCs) and wages differentiating...
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Stock price reactions to an arrangement approval in restructuring proceedings – the case of Poland
PublicationThe study aims to empirically analyze the reaction of stock prices to the information about the conclusion and acceptance of a debtor–creditor arrangement under restructuring proceedings of companies listed on the stock exchange in Poland. The following main research hypothesis was verified: public disclosure of information about an arrangement conclusion and acceptance in restructuring proceedings...
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An unorthodox view on the problem of tracking facial expressions
PublicationRecent developments in imaging cameras has opened a new way of analyzing facial expression. We would like to take advantage from this new technology and present a method of imaging and processing images of human face as a response to the particular stimuli. The response in this case is represented by the facial expressions and the stimuli are still images representing six basic emotions according to Eckmann. Working hypothesis...
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Ageing Workforce – a Challenge for Organizations
PublicationAgeing and its consequences are most frequently analysed in macroscale. If the analyses apply to enterprises, they usually cover working conditions or motivations of the seniors’ choice between continuing employment and retirement. The article discusses slightly different themes, namely the awareness of demographic changes, their consequences for the organization and the new professional role of older people in the new demographic...
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Tinnitus Therapy Based on High-Frequency Linearization Principles - Preliminary Results
PublicationThe aim of this work is to present problems related to tinnitus symptoms, its pathogenesis, hypotheses on tinnitus causes, and therapy treatment to reduce or mask the phantom noise. In addition, the hypothesis on the existence of parasitic quantization that accompanies hearing loss has been recalled. Moreover, the paper describes a study carried out by the Authors with the application of high-frequency dither having specially formed...
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Therapeutic Potential of Multifunctional Derivatives of Cholinesterase Inhibitors
PublicationThe aim of this work is review of tacrine analogues from the last three years, which were not included in the latest review work, donepezil and galantamine hybrids from 2015 and rivastigmine derivatives from 2014. In this account we summarize the efforts toward the development and characterization of non-toxic inhibitors of cholinesterases based on mentioned drugs with various interesting additional properties such as antioxidant,...
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Relationships between Trust and Collaborative Culture in The Context of Tacit Knowledge Sharing
PublicationThe literature review presents a lot of theoretical and empirical evidence that Trust affects Collaborative Culture. The opposite also proves to be true: Collaborative Culture influences Trust. The main hypothesis presented in this paper says that both these factors are strongly correlated and modify each other. This study examines the mutual relationship of the said variables in the context of Tacit Knowledge Sharing based on...