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Search results for: HOUSE PRICE INDEX
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20+ years of Polish residential real estate prices – a house price index proxy
PublicationInformation on house prices is often considered crucial when assessing developments in economy. However, in Poland for the long time house prices haven’t been tracked in an organized manner. Recent developments, most notably house price indices developed by Poland’s national bank and by the statistical office do not go back more than 10 years, therefore data series are relatively short compared to those of other macroeconomic data. In...
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Decomposing the earnings-to-price ratio and the cross-section of international equity-index returns
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Does low price mean high competitiveness
PublicationWe found a strong positive relationship between Comparative Price Level Index (CPL) and Growth Competitiveness Index (GCI). We do realize that the relation we have found does not have to indicate cause and effects relationship. Competitiveness is a process which goes far beyond price level but it is detemined by lots of different elemnts. We show the GCI composition that provides a concept explaining what exactly determines competitiveness...
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Investing in wine, precious metals and G-7 stock markets – A co-occurrence analysis for price bubbles
PublicationThis paper used the GSADF test to determine the periods defined in this paper as price bubbles in the three markets studied, i.e. the investment wine market, precious metal market and national stock market indices of G-7 countries. The results obtained enabled the calculation of the values of the phi correlation coefficients, which served the research objective of assessing the co-occurrence of price bubbles in the markets analysed....
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Price bubbles and Co-bubbles in the green economy market
PublicationIn light of growing concerns about climate change and environmental issues, investor interest has surged in the new green economy market. However, the existing literature is limited regarding potential price bubble and co-bubble within this new domain. This study examines price bubble and co-bubble in the new green economy market, covering 31 indexes classified into three groups: the green economy market and its components, geographical...
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Influence of passive house technology on time and cost of construction investment
PublicationDue to the changes in the energy standards for housing in Poland there are many concerns. Is the standard required by the regulation achievable and if it is, then at what cost? There are many solutions to construct a building in line with the requirements of passive house technology. They are differentiated by price and time required for implementation. This study is based on the solution proposed by one of Polish companies, offering...
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One Europe, one product, two prices - the price disparity in the EU
PublicationThe price dispersion in the European Union in the last fifteen years (1990-2005) is analysed. The analysis of price convergence is examined on aggregate and disaggregate levels. The macro approach is based on Comparative Price Level index calculated as the ratio between PPPs and exchange rate. The disaggregate analysis utilizesactual prices of 148 individual products sold in the 15 capital cities of the EU. The calculations comprise...
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Price convergence in the EU-an aggregate and disaggregate approach
PublicationThis article examines the price dispersion in the European Union (EU) over 15 years (1990-2005). An extensive overview of the literature offers inconclusive results with the half-lives of price shocks from 2.8 to 282 months. Until now, most of the empirical research has been either micro or macro based. In contrast, we conducted a complex analysis utilizing both aggregate and disaggregate price data. The macro approach is based...
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Adaptive prediction of stock exchange indices by state space wavelet networks
PublicationThe paper considers the forecasting of the Warsaw Stock Exchange price index WIG20 by applying a state space wavelet network model of the index price. The approach can be applied to the development of tools for predicting changes of other economic indicators, especially stock exchange indices. The paper presents a general state space wavelet network model and the underlying principles. The model is applied to produce one session...
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Can Web Search Queries Predict Prices Change on the Real Estate Market?
PublicationThis study aims to explore whether the intensity of internet searches, according to the Google Trends search volume index (SVI), is a predictor of changes in real estate prices. The motivation of this study is the possibility to extend the understanding of the extra predictive power of Google search engine query volume of future housing price change (shift direction) by (i) the introduction of a research approach that combines...
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Indeksy demokracji i stan zaawansowania ich rozwoju dla pomiaru jakości demokracji na poziomie lokalnym - Democracy indices and current state of their advancement for measuring quality of democracy at a local level
PublicationJak mierzyć demokrację? Jak ocenić, czy jeden ustrój demokratyczny jest bardziej de-mokratyczny od innego i na jakiej podstawie to stwierdzić? Pomiary jakości demokracji na poziomie państw istnieją już od 1946 roku, a na ich podstawie powstawały indeksy demokracji jak np. Freedom House, Polity IV, czy też Varieties of Democracy. Poza poziomem państw jest zdecydowanie mniej narzędzi tego typu, a istniejące – jak np. Local Autonomy...
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Analiza przestrzenna sprzedaży paliw
PublicationZe względu na zmieniające się warunki i niepewność ekonomiczną gospodarowania, przeprowadzane badania dotyczące popytu na paliwa płynne dotyczą głównie zmian popytu w czasie, rzadziej w przestrzeni. Jednak rozwój narzędzi ekonometrycznych, który dokonał się w latach dziewięćdziesiątych, umożliwił nie tylko badania zmian popytu wynikające ze związków przyczynowo-skutkowych zachodzących w czasie, ale również w przestrzeni oraz w...
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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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Protect our right to light
Publication“The struggle for light” is how the Swiss architect Le Corbusier described the history of architecture in 1935. Today, with the skies crowded out by buildings in modern cities, those words should ring in the ears of policymakers and planners. Skyscraper construction is booming. China is the leader, last year completing 88 of the 143 buildings around the world that are taller than 200 metres (see ‘Vertical growth’). As the nation’s...
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Price Diversification
PublicationThe price diversification is a complex phenomenon. We show that price discrimination can have both positive and negative effects. The final result depends whether it makes competition more intense. As far as legal procedure is cocerned it is recommended to focus on the effects of compan's actions rather than on the form that these actions may take. There is a need to understand and distinguish between price discrimination as the...
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Does one currency mean one price? An analysis of the euro effect on price dispersion and convergence
PublicationThis paper examines price differentials in the European Union to investigate whether the European Monetary Union has lowered the degree of price dispersion in the euro zone and increased the speed of price convergence. Both euro effects are evaluated using difference-in-difference methodology. Applied to the issue of introducing a single currency, the euro effects identified are the estimated differences in price dispersion and...
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Does one currency mean one price?
PublicationEuropean Monetary Union was expected to have many consequences for the economies of participant countries. Theory suggested that through a higher volume of trade and stronger competition in the Eurozone, a single currency would lead to a reduction in price dispersion. As far as prices are concerned, two effects were expected: an immediate effect due to the technical characteristics of the changeover process, and a long-term one...
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Price convergence in the European Union and in the new member states
PublicationThis paper examines price dispersion in the European Union (EU15) and in three New Member States (Poland, Hungary and the Czech Republic) between 1995 and 2006. The analysis utilizes both disaggregate and aggregate price data, including the prices of 157 products and two indices constructed using two different weighting procedures. For each category of goods the price dispersion is lower in EU15 than EU15 plus 3 NMS. Sigma convergence...
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Price Changes in Wholesale Market of Electrical Energy in Poland
PublicationThe article discusses the Price changes on the wholesale electricity market in Poland Moreover, The price levels on the futures electricity markets and the spot transactions market are presented. The impact of emission charges under the EU ETS on the price of electricity in the domestic market has been taken into consideration Furthermore, the basic determinants of the generation structure in Poland that influence the level of...
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Estimation of wind pressure acting on the new palm house in Gdansk
PublicationThis paper deals with the problem of numerical simulations of wind loads acting on a Palm House with complex geometry. Flow simulations with aid of computational fluid dynamics procedures have been performed to check if the pressure distributions for the structure are greater than those calculated using the standard design codes with assumption that the Palm House horizontal cross sections are described by smooth cylinders.
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Diamond investments – Is the market free from multiple price bubbles?
PublicationThe following study aims to investigate whether multiple price bubbles, in which the quoted market price of diamonds significantly deviates from their fundamental value, exist in the diamond market. It was conducted using ADF, SADF and GSADF tests, with the latter found to be an optimal form of evaluating the analysed issue. The presented results support the conclusion that the diamond market is not free from periods defined as...
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Search for identity of Pomeranian house by means of educational activities
PublicationArchitecture is a universal phenomenon and is a culture-creating field closely related to other fields of art. Hence, experiencing and feeling identity are also conditioned by the proper formation of architectural objects, which are carriers specific values which co-decide about the possibility of this experience occurring in connection with a specific place and the fulfilment of a specific need in it. In the era of ubiquitous...
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Prediction of ship resistance with the use of Full-scale CFD simulations
PublicationIn recent years, the IMO has introduced new regulations to reduce the negative impact of ships on the natural environment. A particularly important step forcing technological innovations is the increasing requirement of ship energy efficiency. It is expressed by the Energy Efficiency Design Index (EEDI). Another important step towards green shipping is rising the required quality of fuel used for propulsion, so called Tier limits....
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Experimental dynamic study on a timber-frame house using shaking table
PublicationThe aim of this paper is to show the results of the shaking table experimental study concerning the behaviour of the model of the timber-frame house under earthquake excitation and impact loading. In order to determine the basic dynamic properties of the undamaged structure, the free vibration and the sweep-sine tests were first conducted. Then, the model was excited using the time history record of the El Centro earthquake of...
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E-cohomological Conley index
PublicationIn this thesis we continue with developing the E-cohomological Conley index which was introduced by A.Abbondandolo. In particular, we generalize the index to non-gradient flows, we show that it an possesses additional multiplicative structure and we prove the continuation principle. Then, using continuation principle, we show how the computation of the E-cohomological Conley index can be reduced to the computation of the classical...
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On Accuracy Modeling of Gas Turbine Cycles by the In-house COM-GAS Code
PublicationIn this paper, a comparison of accuracy modeling of gas turbine cycles between the basic (classical) model and the in-house COM-GAS code has been presented. The basic model uses a semi-perfect gas and well known projecting assumption. On the other hand, the computational flow mechanics (CFM) basis on a real gas by using thermodynamic tables. The thermodynamic analysis of thermal cycles, simply gas cycle GT8C and gas turbine cycle...
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Numerical Modelling for Prediction of Compression Index from Soil Index Properties in Jimma town, Ethiopia
PublicationIn this study, correlations are developed to predict compression index (Cc) from index parameters so that one can be able to model Jimma soils with compression index using simple laboratory tests. Undisturbed and disturbed soil samples from twelve different locations in Jimma town were collected. Laboratory tests like specific gravity, grain size analysis, Atterberg limit, and one-dimensional consolidation test for a total of twenty-four...
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Price bubbles in commodity market – A single time series and panel data analysis
PublicationThis paper examines thirty-five commodities, grouped into three market sectors (energy, metals, agriculture & livestock) in terms of the occurrence of price bubbles. The study was based on monthly data for each commodity separately and, in a panel approach, for selected sectors and for all commodities combined. The GSADF test and its version for panel data – panel GSADF – were used to identify bubbles. The beginning and end of...
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Storing thermal energy from solar collectors for the needs of a detached house
PublicationThis work evaluates the possibility of meeting a single familu household's need for hot water and heat year round, using solar collectors as the sole energy sourse. The main flaw of energetic systems based on solar energy is that the energy supply is usually insufficient in winter, when it is most needed. This work is going to show thatm for a house surface of 150 m2 and base dimension of 10x10m, it is possible to supply sufficient...
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The cohomological span of LS-Conley index
PublicationIn this paper we introduce a new homotopy invariant – the cohomological span of LS-Conley index. We prove the theorems on the existence of critical points for a class of strongly indefinite functionals with the gradient of the form Lx+K(x), where L is bounded linear and K is completely continuous. We give examples of Hamiltonian systems for which our methods give better results than the Morse inequalities. We also give a formula...
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Morse inequalities via Conley index theory
PublicationThe relation known as the Morse inequalities can be extended to a more general setting of flows on a locally compact metric spaces (Conley index) as well as dynamical systems on Hilbert spaces (LS-index). This paper is a discourse around this extension. Except the part concerning the LS-index the material is self-contained and has a character of a survey.
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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. In order to conduct research, the authors collected the data on the major cryptocurrencies (Bitcoin, Ethereum, Tether, Dogecoin and USD coin) which account for 78% of the total market cap. Using panel OLS regression, this study finds that Bitcoin...
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ASSESSMENT OF NATURAL VENTILATION SYSTEM FOR A TYPICAL RESIDENTIAL HOUSE IN POLAND
PublicationThe paper presents the research results of field measurements campaign of natural ventilation performance and effectiveness in a residential building. The building is located in the microclimate whose parameters differ significantly in relation to a representative weather station. The measurement system recorded climate parameters and the physical variables characterizing the air flow in the rooms within 14 days of the winter season....
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Degree of monopoly and market power vs. price flexibility in Polish economy: empirical analysis based on COICOP classification
PublicationResearch background: The issue of price flexibility is crucial in the economy both in the aspect of company theory and its macroeconomic consequences. In a number of publications, the sources of variable price flexibility are linked to the market power of enterprises as well as the market structure that has developed in a given branch. It is difficult to indicate empirical studies that would state clearly whether price flexibility...
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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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Zastosowanie trendów przełącznikowych w analizie płac realnych w Polsce
PublicationStreszczenie W początkowej części artykułu zostały przedstawione i omówione informacje o poziomie miesięcznych nominalnych płac (WN) oraz indeksie cen dóbr konsumpcyjnych (ICK) w gospodarce polskiej w latach 1995-2015. Następnie opisano poziomy realnych płac (W) wyrażone w cenach roku 2015. Na bazie tych informacji przedstawiono i przedyskutowano zagadnienia dotyczące rocznych przyrostów płac realnych oraz ich rocznych stóp wzrostu....
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Topological invariants for equivariant flows: Conley index and degree
PublicationAbout forty years have passed since Charles Conley defined the homotopy index. Thereby, he generalized the ideas that go back to the calculus of variations work of Marston Morse. Within this long time the Conley index has proved to be a valuable tool in nonlinear analysis and dynamical systems. A significant development of applied methods has been observed. Later, the index theory has evolved to cover such areas as discrete dynamical...
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T-House in Shaping Sustainable Housing
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Contemporary rural house for Kaszuby Region
PublicationWiejski dom jako mieszkanie rolnika był i jest najważniejszym składnikiem krajobrazu wsi Kaszubskiej.Rozpoznanie typologii tradycyjnego domu, synteza tradycyjnych elementów architektury kaszubskiej w powiązaniu z inspiracją lokalną tradycją daje podstawy do wykorzystania w kształtowaniu współczesnej zabudowy mieszkaniowej.
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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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Morse cohomology in a Hilbert space via the Conley index
PublicationThe main theorem of this paper states that Morse cohomology groups in a Hilbert space are isomorphic to the cohomological Conley index. It is also shown that calculating the cohomological Conley index does not require finite-dimensional approximations of the vector field. Further directions are discussed.
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Opitmalising Human Development Index with sensitivity analysis
PublicationResearch background: Composite indicators are commonly used not only to measure economic development, the standard of livin g, competitiveness, fairness, effectiveness but are also willingly implemented in to many different fields. How- ever, it seems that in most cases the variable weig hting procedure is avoided or erroneous since in most cases so-called “wights by belief” are...
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House dust as a source of analytical information on concentration of polybrominated diphenyl ethers (PBDEs) - first approach
PublicationPolybrominated diphenyl ethers (PBDEs), which are best recognized as flame retardants, were in 2001, by virtue of Stockholm Convention, listed in a group of Persistent Organic Compounds (POPs). Increasing concentration levels of PBDEs, reported in human tissues (e.g., blood, serum, breast milk, etc.) haverecently caught worldwide concern due to their potential tendency to disrupt thyroid hormones, neurobehavioral deficits and endocrine...
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The Maslov index and the spectral flow—revisited
PublicationWe give an elementary proof of a celebrated theorem of Cappell, Lee and Miller which relates the Maslov index of a pair of paths of Lagrangian subspaces to the spectral flow of an associated path of self-adjoint first-order operators. We particularly pay attention to the continuity of the latter path of operators, where we consider the gap-metric on the set of all closed operators on a Hilbert space. Finally, we obtain from Cappell,...
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Parallel simulations of electrophysiological phenomena in myocardium on large 32 and 64-bit Linux clusters.
PublicationW pracy podjęto badania i przeprowadzono symulacje zjawisk elektrofizjologicznych w mięśniu sercowym z wykorzystaniem wytworzonego w tym celu oprogramowania równoległego opartego na MPI. Zaimplementowano i zbadano ulepszenia kodu prowadzące do uzyskania dobrej skalowalności oraz przeprowadzono testy wydajności na najnowszych 32 i 64-bitowych klastrach linuksowych. Praca stanowi próbę równoległej implementacji znanego podejścia...
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An efficient algorithm for the longest tandem scattered subsequence problem.
PublicationReferat dotyczy zagadnienia wyznaczania najdłuższego podciągu podwójnego (typu x1,x2,...,xk,x1,x2,...,xk) dla zadanego ciągu znaków (y1,y2,...,yn). Podano algorytm o złożoności obliczeniowej O(n^2) i pamięciowej O(n) znajdujący optymalne rozwiązanie postawionego problemu.
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Equilibrium price - modelling, forecast and application
PublicationNowoczesną gospodarkę charakteryzuje wzrastające znaczenie cen. Znajomość ogólnych zasad mechanizmu kształtującego ceny oraz analizy cen umożliwiają przedsiębiorstwom przewidzenie ceny równowagi i podjęcie przynoszącej zyski decyzji, zwłaszcza na rynku oligopolu homogenicznego, gdzie przedsiębiorcy muszą brać pod uwagę reakcję konkurencji. Przedstawiony w artykule, dynamiczny model ekonometryczny cen benzyny, na rynku paliw płynnych...
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Timber-frame house resistant to dynamic loads - analysis of wall panel filled with polyurethane foam
PublicationThe present study shows the experimentally and numerically determined response of a single timber-frame house wall panel filled with polyurethane (PU) foam under dynamic loads. The harmonic tests were conducted for the following frequencies: 0.5 Hz, 1.0 Hz, 2.0 Hz and 5.0 Hz for various values of the specified displacement. Based on the results of the comparison between the experimental tests and the numerical analyses, the numerical...
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Sensitivity analysis as a tool to optimise Human Development Index
PublicationResearch background: Composite indicators are commonly used as an approximation tool to measure economic development, the standard of living, competitiveness, fairness, effectiveness, and many others being willingly implemented into many different research disciplines. However, it seems that in most cases, the variable weighting procedure is avoided or erroneous since, in most cases, the so-called...
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Short-term Price Reaction to Involuntary Bankruptcies Filed in Bad Faith: Empirical Evidence from Poland
PublicationPurpose: Assessing the reaction of the prices of shares of companies listed in the Warsaw Stock Exchange to the public disclosure of information about the filing a bankruptcy petition in bad faith by creditors. Design/Methodology/Approach: Event study analysis. Findings: It can therefore be assumed that the filing of an unfounded bankruptcy petition does not, in the short term, have a statistically significant negative impact on...