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Search results for: SPORTING EVENTS, PUBLIC FINANCE, SOCIAL IMPACTS, MONETARY VALUATION, CONTINGENT VALUATION METHOD
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Public valuation of social impacts. The comparison between mega and non-mega sporting events
PublicationThe main aim of this study is to assign value to intangible effects,including social impacts, which appear when organising sportingevents of various scales in the city of Gdansk located in northernPoland. A survey was conducted to determine the city residents’willingness-to-pay (WTP) using the contingent valuation method(CVM). The average WTP values, which ranged between PLN 6.04and PLN 46.34, show that the scale of the sporting...
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IS SMALLER BETTER? THE VALUATION OF SOCIAL IMPACTS OF DIFFERENTLY SIZED SPORTING EVENTS. THE CASE OF GDAŃSK
PublicationIntroduction. There is a discourse in the international literature regarding the impact of large sporting events on the place where they are held. In the last few years, particular emphasis has been laid on intangible effects, including social impacts that may occur not only in the case of mega sporting events but also in smaller sporting events. Therefore, the main aim of this paper is to estimate the monetary value of intangible...
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Social benefits valuation of hosting non-mega sporting events
PublicationPurpose In the study, an attempt was made to estimate the social benefits resulting from three non-mega sporting events organized in Ergo Arena located on the border of two cities in Poland. By attributing a value to intangible social benefits, the intangible effect was determined and compared to the expenditure incurred in the construction of Ergo Arena Hall. Design/methodology/approach In order to value social intangible effects...
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Social perception of technological innovations at sports facilities: justification for financing ‘white elephants’ from public sources? The case of Euro 2012 Stadiums in Poland
PublicationThe main purpose of the paper is to provide a monetary valuation of social benefits in connection with the hypothetical implementation of technological innovations at four Euro 2012 stadiums in Poland. Not only the construction of the sport’s arenas, but also the ongoing maintenance drain the pockets of Polish taxpayers. At the same time Euro 2012 stadiums remain underused, which familiarize the host cities with the concept of ‘white...
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Residents' Perception of Intangible Benefits and Costs Associated with Hosting Major Sporting Events
PublicationThe main purpose of this paper is to estimate on the basis of inhabitants’ perception the overall composite and aggregated scores of two major sporting events held in Ergo Arena hall, on the border of Gdańsk and Sopot, in northern Poland. The indirect aim is to identify the determinants affecting the monetary offers of the locals of the two cities. The research results unveil that major sporting events may determine the appearance...
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Public Perception of Intangible Benefits and Costs in the Valuation of Mega Sports Events: The Case of Euro 2012 in Poland
PublicationThis article estimates the intangible benefits and costs of Euro 2012 in Poland. Using the contingent valuation method (CVM), a study was conducted among residents of all four host regions of the event and one nonhost region. This provided the basis for determining the net intangible benefit arising from Poland’s hosting of the European football championships (Euro 2012), which was estimated at 5.3 billion PLN2012. The aggregate...
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Customer Assessment of Brand Valuation and Social Media
PublicationThe research problem engaged in this article is to determine whether contemporary consumers are able to assess brand equity in the overabundance of brands and products with similar features and qualities. The author argues that in the existing circumstances when differences between brands become insignificant the consumer is not capable of assessing their equity adequately. In order to verify the thesis the author has accepted...
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An analysis of valuation principles of the properties intended for public roads
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Tangible and intangible economic impact of hosting mega sporting events
PublicationDue to the fact that the impetus for the creation of this paper was inaccuracies in the results of research relating to the economic effects caused by the organisation of mega sporting events, an analysis of the impact of 1988-2008 mega sporting events on host economies was conducted. The research shows that in selected areas of the economy, sporting events can be identified, with occasional positive (SOG) and negative (WOG) economic...
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The accuracy of alternative stock valuation methods – the case of the Warsaw Stock Exchange
PublicationThe main aim of this article is to examine the accuracy of different methods of share valuation used by Polish analysts in reports prepared in order to issue recommendations for companies listed on the Warsaw Stock Exchange. In the literature on the subject, the view which prevails is that the more sophisticated methods, i.e. those taking into account the discounting process, are characterised by higher valuation accuracy. However,...
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IMPACT OF THE ORGANISATION OF MEGA SPORTING EVENTS ON SELECTED ELEMENTS OF THE TOURISM SECTOR
PublicationIntroduction. In the world-wide literature, there is no unanimity in the assessment of the impact of mega sporting events on the tourism sector. Therefore, the main purpose of this study was to quantify the impact of mega sporting events on changes in tourist inflow and the amount of expenditure incurred by visitors. Material and methods. In this study, an ex-post analysis of many different categories of mega sporting events was...
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Stock Markets’ Reactions to the Announcement of the Hosts. An Event Study in the Analysis of Large Sporting Events in the Years 1976–2032
PublicationThis study attempts to estimate the impact of the announcements of hosts of large sporting events on domestic stock markets. The research problem is to establish a connection between the uniqueness of a sporting event and investors’ beliefs through stock price behavior. Using appropriate estimation windows, 13 different sporting events classified as large, including mega and major events, were tested. The obtained results show...
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Sophistication assessment of existing FEM models of orbital blowout trauma: Is models valuation justified?
PublicationAfter a thorough study of the work entitled “Development and validation of an optimized finite element model of the human orbit”, some doubts aroused concerning the sophistication assessment of the existing finite element method (FEM) models of orbital blow-out. Although the work was unquestionably innovative, and the results were not only fascinating but also invaluable, the authors stated that their model was the most sophisticated...
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Automated Valuation Model based on fuzzy and rough set theory for real estate market with insufficient source data
PublicationObjective monitoring of the real estate value is a requirement to maintain balance, increase security and minimize the risk of a crisis in the financial and economic sector of every country. The valuation of real estate is usually considered from two points of view, i.e. individual valuation and mass appraisal. It is commonly believed that Automated Valuation Models (AVM) should be devoted to mass appraisal, which requires a large...
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A method for counting people attending large public events
PublicationThe algorithm for people counting in crowded scenes, based on the idea of virtual gate which uses optical flow method is presented. The concept and practical application of the developed algorithm under real conditions is depicted. The aim of the work is to estimate the number of people passing through entrances of a large sport hall. The most challenging problem was the unpredicted behavior of people while entering the building....
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VALUATION OF EMBEDDED OPTIONS IN NON-MARKETABLE CALLABLE BONDS: A NEW NUMERICAL APPROACH
PublicationThe issue of how to price options embedded in callable bonds has attracted a lot of interest over the years. The usual bond valuation methods rely on yield curves, risk premium, and other parameters to estimate interest rates used in discounted cash flow calculations. The option to retire the bond is, however, neglected in the standard pricing models, causing a systematic overvaluation of callable bonds. In the event of a decline...
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Conception of valuation of combustion engine operation
PublicationW artykule zaproponowano interpretację wartościującą działania, które jest przyrównane do wielkości fizycznej o jednostce miary zwanej dżulosekundą, podobnie jak przedstawione w mechanice klasycznej działania Hamiltona i Maupertiusa. Działanie w tym ujęciu rozpatrywane jest także w mechanice kwantowej, w odniesieniu do żródła promieniowania elektromagnetycznego ciała, którego działanie charakteryzuje stała Planca. Przedstawiono...
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Hybridization of valuation procedures as a medicine supporting the real estate market and sustainable land use development during the covid-19 pandemic and afterwards
PublicationCurrently we are facing the pandemic situation that occur all over the world. Regardless the country or even the region, the negative consequences that are expected could be very big and the level of crisis is not predictable. This situation is the challenge for the real estate market as well. Due to this fact, the authors believe that there is the time when deep transformation of approaches, procedures and awareness related to...
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Valuation method for operation of crankshaft-piston assembly in combustion engines in energy approach
PublicationPrzedstawiono propozycję wartościowania (ilościowego określenia) działania dowolnego układu korbowo-tłokowego silnika o zapłonie samoczynnym, w którym zachodzą oddziaływania energetyczne w określonym czasie. Działanie to rozumiane jest jako przekazywanie odbiornikowi energii w ustalonym czasie, w którym zachodzi przetwarzanie i przenoszenie energii w formie pracy i ciepła. Wartościowanie działania układów korbowo-tłokowych silników...
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PUBLIC SOURCES OF FINANCE FOR CULTURE AS AN ELEMENT OF CULTURAL SECURITY IN POLAND
PublicationCulture is an important element of the country, playing an important role both for its security and the economy. It cannot be only seen as a cost-creating sector, but may be a significant factor in economic development. For this to happen, it is necessary to create a system of financing this economic sector. This article’s aim is to analyze the use of funds from public sources in Poland to finance culture-related activities. The...
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Possibility of valuation of operation of marine diesel engines
PublicationW artykule zaproponowano interpretację wartościującą działania okrętowych silników spalinowych, które (podobnie jak przedstawione mechanice klasycznej działania Hamiltona i Maupertiusa oraz działanie wynikające ze zmiany pędu ciała) jest rozpatrywane jako wielkość fizyczna o jednostce miary zwanej dżulosekundą [dżulsekunda]. Przedstawiono oryginalną metodę analizy i oceny działania silników o zapłonie samoczynnym w ujęciu energetycznym...
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Valuation of architectural heritage by multicultural student groups
PublicationIn this article, the author addresses the education of architecture students in the field of architectural history and the determination of the value of architectural objects. Important changes at present are underway concerning this. Both the role of architectural history in architectural education and content in architectural history curricula is changing. The need for re-evaluation...
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Public Finance in Poland in a COVID Fog: A Look Through the Lens of Fiscal Transparency and Accountability
PublicationAbstract. Goal– The aim of the article is to identify dysfunctional phenomena (implementation of specific mechanisms/solutions and actions taken), generating increased opacity and limit the responsibility/accountability of public f inance in Poland, exacerbated by the COVID-19 crisis. Methods– descriptive analysis, comparative analysis and financial analysis methods were used. Results– fiscal transparency and accountability in...
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Transparency of publicly available information about fiscal and monetary policy in Poland
PublicationResearch background: The quality of information provided by fiscal and monetary authorities are important in a democratic state. Ensuring fiscal policy transparency reduces fiscal risk and corruption and promotes public acceptance of fiscal reforms. Ensuring transparency in monetary policy allows market participants to anticipate central bank responses and take their effects into account when making investment and consumption decisions. Aim...
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Valuation of Residential Premises for the Purposes of Securing the Receivables of the Creditor in Poland
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SKYSCRAPER'S PUBLIC AREAS: THE IMPACT ON SPACE AND SOCIAL LIFE
PublicationIn recent years, more careful consideration is taken into social issues of designing skyscrapers by humanizing adherent internal and external public areas. Case studies of The Shard (London: 2012), 122 Leadenhall Street (London: 2014), 20 Fenchurch Street (London: 2014), Heron Tower (London: 2011), Tower 25 (Nicosia: 2013), Zoofenster (Berlin: 2012), DNB House (Oslo: 2012), Centrum Biurowe Neptun (Gdansk, 2014), Skytower (Wroclaw:...
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Monetary values estimates of solvents emissions
PublicationThe impact values for environmental emissions of 52 solvents are estimated and expressed in monetary units. The impact values of solvents present in the air are calculated on the basis of 13 impact indicators and for solvents present in water on additional 2 impact indicators. These impact values are weighted with the results obtained with multi-compartment distribution model, allowing to calculate the fraction of solvent emitted...
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COLOUR SYMBOLISM IN FINANCE
PublicationColour symbolism plays an important role in everyday life and science. The subject is interdisciplinary and receives significant attention in the literature. It is increasingly entering the field of economics and finance. The authors are the first to research the connotations and symbolism of colours in finance. The following research aims to: identify and determine the meaning of col-ours in connection with the word “finance”,...
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Problems of Small Recreation Areas Valuation-Forest Refugium in the Silesia Park in Chorzów
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Modele relacji między Corporate Social Responsibility a public relations
PublicationArtykuł jest próbą usystematyzowania dotychczasowych rozstrzygnięć dotyczących relacji między CSR [Corporate Social Responsibility] i public relations - występujących tak w literaturze przedmiotu jak i w praktyce organizacji. Autorka prezentuje też własną koncepcję, proponując trzy modele, które opisują i wyjaśniają nie tylko wzajemne relacje między CSR i PR, ale też i wyjaśniają funkcje, jakie nadaje się w organizacjach działaniom...
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Basis for a valuation of the Polish Exclusive Economic Zone of the Baltic Sea: Rationale and quest for tools.
PublicationW pracy przedstawiono zasoby i usługi Polskiej Strefy Ekonomicznej ekosystemu Morza Bałtyckiego. Dokonano przeglądu specyficznych właściwości tej strefy, które mogą mieć wartość ekonomiczną.
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Determinants of Firm Innovation in Indonesia: The Role of Institutions and Access to Finance
PublicationThis paper investigates the determinants of firm innovation in Indonesia. Using quality of local regulations index constructed by the Indonesia’s Regional Autonomy Watch (KPPOD) as measure of institutions, We found that better institutional quality at the local level was associated with more innovation and that firms experiencing major obstacle in access to finance were less likely to innovate. Access to finance is more critical...
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The Economic Legacy of Mega Sporting Events. The Impact of Hosting European Olympic Games on GDP Growth Through Infrastructure Development
PublicationIntroduction. The positive legacy of the Olympics is often cited by the International Olympic Committee and national or-ganizers. Some scholars, however, question an uncritical approach to an exclusively positive economic legacy. The aim of this study is to evaluate the impact of hosting the Olympics on infrastructure development, with a potential impact on economic growth in the form of Gross Domestic Product (GDP) in three phases...
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Application of virtual gate for counting people participating in large public events
PublicationThe concept and practical application of the developed algorithm forpeople counting in crowded scene is presented. The aim of the work is to estimatethe number of people passing towards entrances of a large sport hall. Thedetails of implemented the Virtual Gate algorithm are presented. The video signalfrom the camera installed in the building constituted the input for the algorithm.The most challenging problem was the unpredicted...
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A multi-agent method for periodicity detection in distributed events
PublicationMulti-agent systems working in constantly changing environments may be challenged by instantaneous unavailability of their autonomous agents caused e.g. by limited computing resources. A new method of self-organization of distributed service components is proposed, suitable for multi-agent systems. This method relies on particular agents carrying out separate analyzes of their individual processing loads or other specific events....
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Hilton Environmental Reporting as a tool of Corporate Social Responsibility.
PublicationArtykuł ten przedstawia historię, kryteria oraz procedury wprowadzone w komputerowym systemie środowiskowym Hilton Environmental Reporting.
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Implementation of International Standards of Fiscal and Monetary Transparency - Case of Poland
PublicationResearch background: Financial managers, investors, lenders, counterparties and citizens should have useful, reliable, timely, complete, comparable, readable information on fiscal and monetary policy. The actions taken and instruments used by fiscal and monetary authorities have an important impact on economic conditions. Purpose of the article: The aim of the article is to assess Poland's compliance with international standards...
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Using the social return on investment (SROI) as a measure of the effectiveness of social innovation projects implemented under public policies
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The contingent nature of warehouse flexibility
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ChatGPT: Unlocking the future of NLP in finance
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A piece of corporate finance
PublicationThe handbook presents the subject of financial liquidity and CVP analysis. The handbook uses different types of information: definitions of the issues; “real life” examples illustrating a given theoretical issue in practice; mathematical formulas necessary to calculate a certain value; types of method used. In addition to traditional resources such as drawings, diagrams, tables and photos, the handbook also includes resources of...
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Identification of Determinants of Using Crowdfunding as a Source of Financing the Development of Social Enterprises–the Perspective of Polish Social Entrepreneurs
PublicationSocial enterprises face funding challenges caused, among other things, by investors focusing too much on risk and return. As traditional capital markets do not meet the needs of social entrepreneurs, crowdfunding can be an alternative way to raise funds for the development of their business. In this context, crowd-funding has not been sufficiently researched, and its growing importance in business finance makes it worth understanding...
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Personal Brand Value and Social Media, the Top Football Players’ Case
PublicationPersonal branding valuation and social media usage are new and empirically unexplored areas of research. The aim of the presented study is to determine how social media performance and sentiment are related to the value of a personal brand. Based on an example of 100 most valuable football players, in reference to transfermarkt.com and the sentione.com (sentiment analysis), the author points out the strongest...
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Standardy Profesjonalnego Public Relations
Publication" Standardy przedstawiają wartości i pryncypia uzasadniające konieczność dokonywania odpowiednich wyborów. Public relations ma godzić interesy zleceniodawców, przedstawicieli mediów i różnych grup społeczeństwa, a przy tym pozostawać w zgodzie z normami etycznymi i odwoływać się do takich wartości jak szacunek, godność, rzetelność, uczciwość, prawda, wiarygodność, niezależność, lojalność i zaufanie. Opracowanie "Standardów profesjonalnego...
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Universal and contextualized public services: Digital public service innovation framework
PublicationIn view of the rising social and economic inequalities, public service delivery should be both universal, i.e. independent of the recipients' social or economic status, and contextualized, i.e. able to compensate for different local needs and conditions. Reconciling both properties requires various forms of innovations, chief among them innovations in digital public services. Building upon the four-stage model underpinning the...
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Public Spaces - Coexistence and Participation
PublicationThe paper is an attempt to answer two questions: (1) how to develop positive social relations and citizenship among residents of cities in Poland and (2) howsuitable shaping of public space affects the activation and integration of local residents.The specificity of the post-war process of urbanization in Poland - a country traditionally agricultural - was its political dimension (forced 'nationalisation' of agriculture and industrialization...
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Public relations w społeczeństwie
PublicationW artykule stawiam tezę – powtarzając za „„Standardami profesjonalnych public relations”- o konieczności wysuwania na plan pierwszy - we wszelkich działaniach w obszarze public relations - ich zgodności z wartościami i normami etycznymi, ponieważ wszelkie działania public relations są nie tylko realizowane w przestrzeni społecznej, ale mają istotny wpływ na kształt, kondycję społeczeństwa, również na budowę demokracji i społeczeństwa...
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Quasi-Public Real Estate Within The City Of Wrocław
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ENHANCING SOCIAL CAPITAL DEVELOPMENT THROUGHOUT CULTURAL EVENTS. A CASE STUDY OF EASTERN POLAND
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Etyczność działań w public relations - między amoralizmem a kazuistyką
PublicationArtykuł jest refleksją filozoficzną dotyczącą problemów moralnych public relations i dziennikarstwa. Autorka stawia w nim tezę, że dziennikarze i specjaliści public relations – wykonując profesje, których fundamentem jest informacja, komunikacja i zaufanie społeczne - współcześnie bardzo wiele swoich działań wyłączają ze sfery tych, które mogłyby być oceniane z punktu widzenia moralności. Uznają też, że ocenie etycznej można...