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Search results for: MARKET EFFICIENCY
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The effect of environmental turbulence on cyber security risk management and organizational resilience
PublicationEven though there is a plethora of research on the role of environmental turbulence in organizational performance in general, little attention has been paid to the effect of environmental turbulence on cyber security risk management and further - organizational resilience. Drawing on the resource-based view and contingency theory, this study investigates how technological and market turbulence influence organizational cyber security...
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Skilled-Unskilled Wage Gap Versus Evolving Trade And Labour Market Structures in the EU
PublicationThis paper proposes an alternative approach to the empirical study of wage gap between workers with different educational levels in the enlarged EU. The analysis is based on sectoral database, linking labor market statistics and trade data at the level of 12 manufacturing sectors in a group of 20 European countries: selected New Member States (NMS-5) and former EU-15 economies, in the period 1995-2005. The results of the empirical...
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IMPROVING THE QUALITY OF EDUCATION THROUGH THE IMPLEMENTATION OF THE DIPLOMAS AND GROUP PROJECTS DURING ENGINEERING STUDIES IN COOPERATION WITH EMPLOYERS
PublicationThe quality of education is one of the most important factors determining the job opportunity for graduates. The authors present the possibility of carrying out the diplomas in cooperation with employers and institutions interested in employment of students who graduated Gdansk University of Technology, Faculty of Civil and Environmental Engineering and University of Warmia and Mazury, Faculty of Geodesy and Land Management (major:...
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Development of banking sectors in Kosovo and Montenegro in the years 2000 - 2010
PublicationThe article presents main aspects of development of banking markets in two Balkan countries - Kosovo and Montenegro. Both of them are charaterised by similar recent history, both in political and economical fields. Their financial sectors have had to be built almost from scretch. The author describes stages of development of competition in the banking sectors, using the following ratios: performace, structure, liquidity. The data...
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IMPROVING THE QUALITY OF EDUCATION THROUGH THE IMPLEMENTATION OF THE DIPLOMAS AND GROUP PROJECTS DURING ENGINEERING STUDIES IN COOPERATION WITH EMPLOYERS
PublicationThe quality of education is one of most important factors determining the job opportunity for graduates. The authors present the possibility of carrying out the diplomas in cooperation with employers and institutions interested in employment of students who graduated Gdansk University of Technology, Faculty of Civil and Environmental Engineering and University of Warmia and Mazury, Faculty of Geodesy and Land Management (major:...
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Theory vs. practice. Searching for a path of practical education
PublicationThe introduction of a three-tier model of higher education (the Bologna model) has led to considerable changes in the 1st- and 2nd-tier technical courses at universities. At present, a student with a bachelor’s degree can be employed in his / her profession after completing only 7 semesters of study. A search is under way for methods of combining theoretical knowledge taught at universities with practical knowledge gained afterwards....
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Banking stability during the economic transformation process in selected countries of the Western Balkans
PublicationEconomic transformation is still an ongoing process in many European countries. Despite common economic roots, the current economic situations are developing differently in different countries. This article will consider the process of economic transformation in terms of the banking sector. It aims to assess the level of banking stability throughout the transformation process in the Western Balkan region, and to assess the determinates...
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Market orientation and hotel performance: The mediating effect of creative marketing programs
PublicationThis work investigates the indirect effects between market orientation and hotel performance through creative marketing programs. The focus is on exploring the indirect effects between 1) customer orientation, competitor orientation, and cross-functional integration; and 2) hotel financial performance through two aspects of creative marketing programs, namely, novelty and meaningfulness. Through an empirical analysis using structural equation...
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Co-Living or a “Sandpit” for Future Entrepreneurs. First Experience from Poland.
PublicationNowadays, the Western world seems saturated with the myriad of enhancements for entrepreneurship development. Also, in Eastern European countries we observe a growing number of initiatives at different organizational levels, aiming at accompanying potential future entrepreneurs in their efforts. Meanwhile, there is one novelty, never before offered on the Polish market – the first co- -living space, launched in Gdañsk. Therefore,...
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The risk of corporate bankruptcy - the conceptual model
PublicationThis article concerns the assessment of different types of risks influencing the corporate bankruptcy risk. The author has developed conceptual model that explains the causes and the trajectories of the collapse of enterprises. In the analyses such factors as demographic, financial, market, political and operational factors influencing the risk of failure were taken into account.
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EU Enlargement and Labour Demand in the New Member States
PublicationResearch to date on labour market responses to EU integration has tended to concentrate on the labour markets of the 'old' EU members. But what effects has the integration of trade had on wages in the new member states? The following article attempts to answer this question using and empirical model of conditional labour demand.
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Self-assessment of competencies of students and graduates participating in didactic projects – Case study
PublicationAim/purpose: the aim of this article is to examine the opinions of students and graduates of the faculty of economics of a technical university as regards their selfassessment of their preparation for entering the modern labour market. All the respondents participated during their studies in didactic projects aimed at improving their competencies taking into account the expectations of potential employers. Design/methodology/approach:...
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Small Polymeric Toys Placed in Child-Dedicated Chocolate Food Products—Do They Contain Harmful Chemicals? Examination of Quality by Example of Selected VOCs and SVOCs
PublicationThis study was focused on child-dedicated chocolate food products that contain a plastic package with a small toy inside (also known as chocolate eggs). Three types of these products that are commercially available on the Polish market, with different prices, chocolate composition, and main types of polymers used in the toy manufacturing process, were investigated. The polymers were identified using Fourier-transform infrared (FT-IR)...
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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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Commercial function as a treat to the monument - 25 years of experience in the commercialization of monuments in Gdansk, Poland
PublicationThe principles of the market economy adopted in Poland in the nineties have significantly touched the resources of immovable monuments. As a result, monuments have become a product of culture subject to the rules of the free market; and state ownership, patronage and decision-making practice has now been replaced by private interest. Practical monument use has also changed with the shift in ownership of objects after privatization...
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Analiza wzrostu polskiego eksportu na rynku Unii Europejskiej przy użyciu metody Constant Market Share.
PublicationArtykuł przedstawia metodę ''constant market share'' jako popularne narzędzie analizy osiągnięć eksportowych kraju lub grupy krajów. Na tym tle zaprezentowano wyniki badań nad przyczynami wzrostu polskiego eksportu towarów na rynki krajów Unii Europejskiej w latach 1992-2002.
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Methods of Artificial Intelligence for Prediction and Prevention Crisis Situations in Banking Systems
PublicationIn this paper, a support vector machine has been studied due to prediction of bank crisis. To prevent outcomes of crisis situations, artificial neural networks have been characterized as applied to stock market investments, as well as to test the credibility of the bank's customers. Finally, some numerical experiments have been presented.
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A Simulation Model for Risk and Pricing Competition in the Retail Lending Market
PublicationWe propose a simulation model of the retail lending market with two types of agents: borrowers searching for low interest rates and lenders competing through risk-based pricing. We show that individual banks observe adverse selection, even if every lender applies the same pricing strategy and a credit scoring model of comparable discrimination power. Additionally, the model justifies the reverse-S shape of the response rate curve....
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Design thinking qualifications framework – standardizing the innovative approach to entrepreneurial education delivery to engineering students
PublicationHighly competitive labor market stimulates increasing expectations towards fresh university alumni. It is not enough to be an expert - well educated and often experienced - in chosen discipline. High variability of the business environment, continuous change, number of risks, together with higher work demand than supply, shape clear employers’ expectations: entrepreneurial employees are wanted. On this ground a need for entrepreneurial...
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A commercial of the shelf components for a unmanned air vehicle photogrammetry
PublicationA photogrammetry from a unmanned aerial vehicle (UAV) can be understood as a new measurement tool. Is introduces a low-cost alternatives for a traditional aerial photogrammetry. A commercial off-the-shelf products (COTS), that are commercially available for a costumers, are the standard manufactures products, not custom. COTS products are available in the commercial market and can be bought and used under government contract. That...
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The Comparison of the Crypto- and Fiat Currencies’ Exchange Rate Volatility in The Years 2015–2017
PublicationThe article describes the issues related to exchange rate volatility of crypto- and fiat currencies. The first part presents the issue of exchange rate volatility as well as methods of its evaluation and criteria of the conducted research. In the next part the author presented the essence of currencies and the main currency i.e. fiat money in the global economy in terms of the volume of transactions on the FOREX market. Then the...
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Selected Aspects of Biofuels Market and the Electromobility Development in Poland: Current Trends and Forecasting Changes
PublicationThis work presents basic information associated with markets of selected alternative fuels used in transport, such as methyl esters, conventional bioethanol and lignocellulosic bioethanol, and the market of electrical vehicles. Legal conditions, which stimulate development and regulate the mode of functioning of the liquid biofuel market until 2020 are discussed, based on provisions of EU directives. Data on biofuel production...
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Integration and Dependency in Software Lifecycle Based on Jazz Platform
PublicationSoftware delivery organizations are being asked to meet goals that seem mutually exclusive. Teams are asked to increase product quality, accelerate time to market, and meet increasing mandates from regulatory bodies. As software solutions and software development environments become rapidly more complex. Many business drivers compound these challlenges.
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Recycling of photovoltaic modules - legal status, technology, market prospects
PublicationThe increase in the number of manufactured and installed photovoltaic modules and the growing concern about the insufficient supply of pure silicon imply the need to take action to develop infrastructure for recycling PV modules. The article presents a multifaceted analysis of the current state of development of the photovoltaic module recycling sector from a global and national perspective. The essence of the issue was introduced...
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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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Market Size, Competitiveness and Technological Frontier - the Impact of Trade Integration with the UE on Productivity in Polish Manufacturing Sectors
PublicationThis paper addresses the relationship between growth of relative productivity in Polish manufacturing sectors and forces stemming from trade integration with the EU. We look at the productivity growth from the perspective of relations between Polish manufacturing sectors and the foreign ones, focusing on partner countries from the enlarged EU. Empirical analysis is based on sector level bilateral data concerning both domestic (Polish)...
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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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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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Operation of the Hybrid Photovoltaic-Battery System on the Electricity Market—Simulation, Real-Time Tests and Cost Analysis
PublicationThis paper presents research on a hybrid photovoltaic-battery energy storage system, declaring its hourly production levels as a member of a balancing group submitting common scheduling unit to the day-ahead market. It also discusses the variability of photovoltaic system generation and energy storage response. The major research questions were whether the operation of a hybrid photovoltaic-battery energy storage system is viable...
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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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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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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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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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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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Is There any Demand for the Workers Aged 50+ in Poland?
PublicationThe process of ageing affects all the European Union Member States, including Poland. According to forecasts by the Central Statistical Office, in 2035, the population of Poland will decrease in relation to 2010 by more than 2 million, and the share of people aged 50+ in the total population will increase from 34.8% to 46.6% (Prognoza ludności 2009). In the context of current and projected demographic changes, a discussion is taking...
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Improving the regulation of the derivatives market as an objective prerequisite for sustainable development of the global financial system
PublicationThe development of financial markets is characterized by the emergence of new financial instruments, in particular derivatives, the risk level analysis of which is complicated. Counterparties are not always fully aware of and do not adequately assess the potential risks of derivatives, which may lead to large financial losses and sometimes bankruptcies. The purpose of the study is to generalize approaches to regulating derivative...
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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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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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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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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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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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Analysing the Residential Market Using Self-Organizing Map
PublicationAlthough the residential property market has strong connections with various sectors, such as construction, logistics, and investment, it works through different dynamics than other markets; thus, it can be analysed from various perspectives. Researchers and investors are mostly interested in price trends, the impact of external factors on residential property prices, and price prediction. When analysing price trends, it is beneficial...
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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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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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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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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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Work–life balance: Does age matter?
PublicationWork-life balance is a priority of EU policies but at the same time demographic change affects the labour market. Employers have to deal with the ageing of their employees and adjust human resource management to maintain their competitiveness. The purpose of the article is to answer research questions: whether the age of workers determines their assessment of the work-life balance, and whether there is a relationship between the...