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Search results for: MINIMAL RISK
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The share of investments in gold and oil using the example of selected European stock exchanges– A comparative analysis
PublicationIn this article, optimal investment portfolios with minimal risk and maximum efficiency were calculated. The portfolios were designated for ten selected European stock exchanges, based on the listings of the twenty largest companies in each of those markets. All calculations were made based on company shares only, company shares and investments in gold, shares of companies and investments in crude oil as well as shares of companies...
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Merton-type default risk and financial performance: the dynamic panel moderation of firm size
PublicationPurpose – The main purpose of this study is to evaluate the probability of default and examine the relationship between default risk and financial performance, with dynamic panel moderation of firm size. Design/methodology/approach – This study utilizes a total of 1,500 firm-year observations from 2013 to 2018 using dynamic panel data approach of generalized method of moments to test the relationship between default risk and financial...
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Złote monety bulionowe – testowanie pasywnego charakteru inwestycji
PublicationCel – Wyznaczenie składu optymalnego portfela inwestycyjnego o minimalnym ryzyku, zawierającego inwestycję w polskie monety bulionowe (Orzeł Bielik) oraz inwestycję na polskiej giełdzie papierów wartościowych. Testowanie pasywnego charakteru inwestycji w monety. Metodologia badania – Konstrukcja portfeli inwestycyjnych o minimalnym ryzyku według teorii H.M. Markowitza. Autorska metoda badania pasywnego charakteru inwestycji...
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ASSESSMENT OF GOLD AND/OR CRUDE OIL AS INVESTMENTS FOR PORTFOLIO DIVERSIFICATION. A WARSAW STOCK EXCHANGE CASE STUDY
PublicationThe purpose of the study is to assess whether the inclusion of investments in gold and/or crude oil improves an investment portfolio consisting of shares of enterprises included in the WIG20 index (traditional invest-ments). All possible combinations of investment portfolios with minimal risk and maximum efficiency were tested. The portfolios were determined based on Markowitz’s portfolio theory. All results were compared...
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Markowitz’s portfolio theory – optimal length of estimation window for gold and the biggests companies on the Warsaw Stock Exchange
PublicationThe following article is dedicated to the construction of an investment portfolio consisting of 3 investments from the Polish capital market found in the WIG20 index and from investment in gold. The purpose of the study was to determine the optimal length of the estimation window for building a portfolio with minimal risk and maximum efficiency. The length of the estimation window was also assessed in terms of the rate of return...
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Inwestycje w surowce w połączeniu z polskim rynkiem kapitałowym, analiza ryzyka i efektywności
PublicationW artykule przedstawiono główne kategorie i rodzaje inwestycji w surowce. Cel opracowania to zbadanie czy inwestycja w Warszawski Indeks Giełdowy stanowi główny składnik optymalnego tj. cechującego się minimalnym ryzykiem portfela inwestycyjnego. Ponadto ustalono czy wspomniana inwestycja tradycyjna stanowi najważniejszy element portfela inwestycyjnego odznaczającego się najwyższą efektywnością. Stwierdzono, że wszystkie z 29 analizowanych...
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Wino – uzupełnienie czy dominujący składnik portfela inwestycyjnego o minimalnym ryzyku
PublicationCel – Określenie struktury portfela inwestycyjnego o minimalnym ryzyku, składającego się z inwestycji na rynku win oraz z inwestycji w akcje spółek notowanych na wybranych giełdach Europy Środkowo-Wschodniej. Metodologia badania – Konstrukcja portfeli inwestycyjnych zgodnie z teorią zaproponowaną przez H.M. Markowitza, poparta badaniami literaturowymi odnoszącymi się do zagadnienia ekonomii wi-na. Wynik – Inwestycja w wino może...
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eFRADIR: An Enhanced FRAmework for DIsaster Resilience
PublicationThis paper focuses on how to increase the availability of a backbone network with minimal cost. In particular, the new framework focuses on resilience against natural disasters and is an evolution of the FRADIR/FRADIR-II framework. It targets three different directions, namely: network planning, failure modeling, and survivable routing. The steady state network planning is tackled by upgrading a sub-network (a set of links termed...
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Fundamental Schemes to Determine Disjoint Paths for Multiple Failure Scenarios
PublicationDisjoint path routing approaches can be used to cope with multiple failure scenarios. This can be achieved using a set of k (k> 2) link- (or node-) disjoint path pairs (in single-cost and multi-cost networks). Alternatively, if Shared Risk Link Groups (SRLGs) information is available, the calculation of an SRLG-disjoint path pair (or of a set of such paths) can protect a connection against the joint failure of the set of links...
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Disaster-Resilient Routing Schemes for Regional Failures
PublicationLarge-scale natural disasters can have a profound effect on the telecommunication services in the affected geographical area. Hence, it is important to develop routing approaches that may help in circumventing damaged regional areas of a network. This prompted the development of geographically diverse routing schemes and also of disaster-risk aware routing schemes. A minimum-cost geodiverse routing, where a minimum geographical...
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Sustainable recovery of plant essential Nitrogen and Phosphorus from human urine using industrial coal fly ash
PublicationCoal-based thermal power plants play a pivotal role in meeting global energy demand. The amount of fly ash generated from these plants increases every year, and its successful use has posed a significant environmental risk in the last decade. In this study, coal fly ash was packed in a fixed-bed adsorption column to remove Urea–N from synthetic human urine. To assess the efficacy of fly ash in the removal of Nitrogen, various process...
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Balkan Stock Exchanges – Consideration of the Length of the Estimation Window in Similar Markets
PublicationPurpose: We study if capital markets in the Balkan are closely and positively related in terms of rate of return, risk, efficiency, and maximum cumulative loss in relation to different lengths of the estimation window. Design/Methodology/Approach: The research was carried out for the period from 01/01/2017 to 31/12/2019 using portfolio analysis. It was divided into an estimation window (01/01/2019 to 31/12/2019) and another with...