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Short-Term Price Reaction to Filing for Bankruptcy and Restructuring Proceedings—The Case of Poland
PublicationThis study aims to check market reaction to filing for bankruptcy and restructuring proceedings and to verify the short-term effect of a price reversal in the Polish market in the years 2004–2019. The research was conducted by dividing the analysed companies according to the procedure (bankruptcy and restructuring) and market (the main market and the NewConnect market). The research methodology used in the study is the event analysis...
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Application of Diffusion Models in the Analysis of Financial Markets: Evidence on Exchange Traded Funds in Europe
PublicationExchange traded funds (ETFs) are financial innovations that may be considered as a part of the index financial instruments category, together with stock index derivatives. The aim of this paper is to explore the trajectories and formulates predictions regarding the spread of ETFs on the financial markets in six European countries. It demonstrates ETFs’ development trajectories with regard to stock index futures and options that...
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Which Curve Fits Best: Fitting ROC Curve Models to Empirical Credit-Scoring Data
PublicationIn the practice of credit-risk management, the models for receiver operating characteristic (ROC) curves are helpful in describing the shape of an ROC curve, estimating the discriminatory power of a scorecard, and generating ROC curves without underlying data. The primary purpose of this study is to review the ROC curve models proposed in the literature, primarily in biostatistics, and to fit them to actual credit-scoring ROC data...
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Współczesne zmiany klimatyczne i ich wpływ na funkcjonowanie systemów miejskich (na przykładzie miast strefy nadmorskiej Polski)
PublicationThe purpose of this article is to present contemporary climatic changes in their actual scale, and to assess their impact on functioning of urban areas situated on the Polish coast. The results of the analysis of variability of hydro-climatic conditions that occurred in the last 65 years (1951-2015) in the area of the Polish coast suggest that important changes were concerning: (1) temperature of the air, and thickness and length...
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Implementation of the Concept of Flexicurity in the Selected Countries of Central Eastern Europe
PublicationThe CEE countries have to create their own flexicurity policies which would take into account the employment policy guidelines, cultural traditions and socio-economic development. The aim of this article is to examine and evaluate the implementation of the flexicurity concept on the basis of the adopted set of composite indicators. The study covers 9 countries of the CEE region, and the research period covers the years 2007 and 2013....
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Development of tools for road infrastructure safety management for the provinces (voivodeships) in Poland
PublicationThe development of modern tools for road infrastructure safety management will help to reduce the number of fatalities and serious injuries as one of the main objectives adopted in 2013 in the National Road Safety Programme 2014-2020 and the new Road Safety Programme 2011-2020 in the EU. Risk Management in Highway Engineering can be applied in developing tools essential in the process of safety management. Risk Management in Highway...
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Road safety analysis in Poland using time-series modelling techniques
PublicationA number of international studies argue that there is a correlation between the number of traffic fatalities and the degree of public activity. The studies use the unemployment rate to support that argument. As unemployment grows miles travelled fall, a factor known to affect road safety. This relationship seems to be true for Poland, as well. The model presented in the paper is intended to prove it. It is a structural time-series local...
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Koncepcja poprawy jakości docierania elementów cienkościennych na docierarce jednotarczowej = Conception of quality improvement of thin-walled elements lapping done on single-disk lapping machine
PublicationPrzedstawiono problem zapewnienia prawidłowych warunków współpracy przedmiotu obrabianego i narzędzia tarczowego w czasie docierania płaskich elementów cienkościennych. Omówiono sposób dociążania elementów podczas obróbki oraz wytrzymałościowy model układu.
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INWESTYCJE A ZATRUDNIENIE W POLSCE W PERSPEKTYWIE FINANSOWE 2007-2013
PublicationNakłady inwestycyjne przedsiębiorstw traktowane są jako jeden z głównych czynników wzrostu gospodarczego. Ich wielkość i dynamika mogą mieć wpływ na zmiany w poziomie zatrudnienia. Światowy kryzys finansowy przyczynił się do spowolnienia dynamiki wzrostu oraz gwałtownego spadku w 2009 roku PKB w większości gospodarek świata. We wspomnianym okresie w Polsce zaobserwowano spowolnienie gospodarcze, które miało wpływ na decyzje...
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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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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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A NEW WORK SAFETY MANAGEMENT SYSTEM IN CONSTRUCTION SITES
PublicationThe hazards on the list are assessed on two levels, namely as minor and serious, and the risk relating to work at the site at three levels: small, average and high, within the range from 1 to 10, where 1 is the lowest value meaning a small risk, and 10 the value meaning a high risk.
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Strategien der NSZZ Solidarność. Ein kurzer Abriss über bewährte Verfahrensweisen
PublicationDuring the recent years, the difficulties faced by trade unions to maintain their representation base and capacity to regulate employment relations have provoked numerous discussions. The issue of declining trade union membership, as well as density, has been repeatedly addressed by major trade unions including NSZZ “S”.
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WZROST ZATRUDNIENIA W PRZEDSIĘBIORSTWACH MSP problemy badawcze i wyniki
PublicationW artykule w pierwszej kolejności przedstawiono główne problemy badawcze związane z zagadnieniem wzrostu i rozwoju przedsiębiorstwa, wskazując na najczęściej stosowane rozwiązania metodyczne w tym zakresie. W dalszej części zaprezentowano wyniki badań empirycznych, dotyczące zmian zatrudnienia oraz planów związanych z rozwojem małych i średnich przedsiębiorstw funkcjonujących na Pomorzu (badania zostały przeprowadzone w 2009 i...
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Measurements of acoustic crosstalk cancellation efficiency in mobile listening conditions
PublicationThe cancellation of acoustic crosstalk is employed to enhance the stereo image in mobile listening conditions. The implementation of the crosstalk cancellation algorithm in Matlab is introduced. The measurement signals and equipment are described. A practical setup employing a mobile computer and a head and torso simulator is employed. The results of the measurements provided conclusions regarding the employment of acoustic crosstalk...
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Extreme weather layer method for implementation of nature-based solutions for climate adaptation: Case study Słupsk
PublicationOne of the most severe climate risks that is expected to affect all regions is related to stormwater. Climate models, constructed based on long-term trends, show that extreme weather events such as storms, cloudbursts and a large rise in sea level will be significant in the coming decades. Moreover, even the frequency and intensity of “normal” rainfall events, such as microbursts, are expected to be remarkably higher than today...
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Entrepreneurship Vulnerability to Business Cycle. A New Methodology for Identification Pro-cyclical and Counter-cyclical Patterns of Entrepreneurial Activity
PublicationIn literature, there is ongoing discussion whether entrepreneurial activity, approximated by, for instance, changes in self-employment, tends to behave pro-cyclically, counter-cyclically or rather is a-cyclical. Thus far, both theoretical and empirical evidence, where various multiple methodological approaches are used, does not provide clear answer to the latter; while widely offered explanations are scattered and lack robustness....
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Overcoming gender bias in the digital economy. Empirical evidence for European countries
PublicationThis study aims to contribute to understanding the gender biases that emerge in the digital technology-related field. More specifically we concentrate on examining whether gender gaps are diminishing or are persistent in terms of women’s enrollment in technology-related programs at the tertiary level of education and for female STEM graduates. Next, this evidence is confronted with gender biases in the labor market regarding changing...
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Functional safety and reliability analysis methodoloogy for hazardous industrial plants
PublicationThis monograph is devoted to current problems and methods of the functional safety and reliability analyses of the programmable control and protection systems for industrial hazardous plants. The results of these analyses are useful in the process of safety management in life cycle, for effective reducing relevant risks at the design stage, and then controlling these risks during the operation of given installation. The methodology...
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Modelling of some stealth features for a small navy ship at the concept design stage - part II
PublicationIn the paper a few problems associated with modelling the basic stealth features for a small ship at the concept design stage are introduced. One problem concerns the modification of the immersed ship hull using the rapid change of the ship loading condition. The second is associated with the modification of the ship boundary layer by the hull skin cover. The other stealth features of the ship are not presented in this paper. The...
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Determining required safety integrity level
PublicationOne of the most important stage of technical system functional safety analysis is defining the safety-related functions as well as determining safety integrity level (SIL) for each defined function. A properly carried out hazard identyfication process is the necessary condition for correct definition of the safety-related functions. Determining the safety integrity level (SIL) is based on risk assessment taking into account risk...
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MODELOWANIE WYBRANYCH MIAR BEZPIECZEŃSTWA RUCHU NA DŁUGICH ODCINKACH DRÓG
PublicationKażdego roku w wypadkach drogowych na świecie życie traci prawie 1,3 mln osób, co oznacza prawie niemal 3 tys. ofiar dziennie,. Tyle samo zabitych w ruchu drogowym odnotowujemy rocznie w Polsce. Ekonomiczne straty w wyniku tych wypadków wynoszą ok. 2% światowego PKB. W roku 2010 Organizacja Narodów Zjednoczonych (ONZ) przyjęła rezolucję pt. „Dekada działań na rzecz bezpieczeństwa ruchu drogowego na lata 2011 – 2020” rozpoczynającą...
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Total impact of oxidative stress genes on cardiovascular events—a 7-year follow-up study
PublicationCardiovascular (CV) events are the number one cause of lifetime disability and deaths worldwide. It is well known that traditional risk factors do not fully correlate with clinical outcomes; therefore, searching for other markers that would explain CV events occurrence seems essential. Of importance, one of the main factors at the origin of CV events is oxidative stress, causing inflammation and atherosclerotic plaque instability....
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Mercury in the Polish part of the Baltic Sea: A response to decreased atmospheric deposition and changing environment
PublicationOur review of the literature showed that since the beginning of the socio-economic transformation in Poland in the 1990s, the downward trend in Hg emissions and its deposition in the southern Baltic Sea was followed by a simultaneous decrease in Hg levels in water and marine plants and animals. Hg concentrations in the biota lowered to values that pose no or low risk to wildlife and seafood consumers. However, in the first decade...
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Modelling of some stealth features for a small navy ship at the concept design stage.
PublicationIn this paper the basic research problems associated with modelling the basic stealth features for a small navy ship at the concept design stage are introduced. Amongst the major stealth features considered are: the modification of the immersed ship hull form by a rapid change of the ship loading condition, and modification of the ship boundary layer by the hull skin cover. The other stealth features of the ship are not presented...
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Bankruptcy system model and efficiency versus the entrepreneurship and innovation in selected European countries
Publicationmodel and its efficiency on the development of entrepreneurship and innovation in selected European countries and Turkey. This goal was achieved by examining the relationships between debtor-friendliness of the bankruptcy law model and its efficiency on one side and entrepreneurship and innovation on the other. The cross-sectional ANOVA test and OLS regression method were chosen as the research method. In order to verify the research...
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QUANTITATIVE EASING POLICY AND ITS IMPACT ON THE GLOBAL ECONOMY
PublicationBased on the analysis of the impact of quantitative easing policies on the global economy, there was concluded that the world’s largest central banks and widespread debt stimulation have created the model of economic growth. This model was based on the productivity growth. The lack of productivity growth in the developed world, the active integration of developing countries (first of all China and India) in the global economy have...
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Usługi publiczne jako czynnik miastotwórczy i wyznacznik rangi miasta w sieci osadniczej na przykładzie małych miast Polski północnej
PublicationMałe miasta, podobnie jak większe, pełnią różne funkcje egzogeniczne wyspecjalizowane, a także funkcje standardowe, zwane też centralnymi (Domański 1972), polegające na obsłudze bliskiego, a nieraz też dalszego otoczenia. Są z tego powodu koncentracjami miejsc pracy dla mieszkańców swoich i otoczenia. Jedną z funkcji miastotwórczych są usługi. Ich udział w strukturze zatrudnienia, jak wykazywał Fourastier (Goryński 1966) rośnie...
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Determinants of judges’ career choices and productivity: a Polish case study
PublicationThe goal of this paper is to identify factors which affect judges’ productivity and career choice motives with the view of increasing judicial efficiency. Specifically, the investigation focuses on such aspects as judges’ remuneration, promotion, threat of judgment revocation, service/mission, periodic assessment, the threat of a complaint about protracted proceedings or of disciplinary proceedings, the threat of destabilization...
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Association of Genes Related to Oxidative Stress with the Extent of Coronary Atherosclerosis
PublicationOxidative stress is believed to play a critical role in atherosclerosis initiation and progression. In line with this, in a group of 1099 subjects, we determined eight single nucleotide polymorphisms (SNPs) related to oxidative stress (PON1 c.575A>G, MPO c.463G>A, SOD2 c.47T>C, GCLM c.590C>T, NOS3 c.894G>T, NOS3 c.786T>C, CYBA c.214C>T, and CYBA c.932A>G) and assessed the extent of atherosclerosis in coronary arteries based on...
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ECG-based prediction of ventricular fibrillation by means of the PCA
PublicationA Sudden Cardiac Death (SCD) is a death resulting from cardiac failure with no significant symptoms earlier than one hour before occurrence. It is the cause of for approximately 400000 deaths per year in United States and millions of deaths worldwide. The proposed system, including two-stage algorithm and wearable diagnostic device allows for SCD risk estimation and continuous monitoring of high risk patients. A single channel...
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The multivariate multilevel analisis of different regional factors impact on road saferty in european country regions = Wielopoziomowa analiza wieloczynnikowa wpływu różnych charakterystyk regionalnych na poziom bezpieczeństwo ruchu w regionach krajów europejskich
PublicationIn this research, the effect of the European regional differences on the risk of been killed in road accident in these regions is investigated. Factors which differentiate regions can be described as automotive, economic, infrastructural, demographic, geographic. Analyzed risk, counted as regional fatality rate was modeled by the Poisson model. Because of regional diversity of Poisson distribution parameters, the Poisson distribution...
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Wzrost gospodarczy a zapotrzebowanie na prace - teoria i rzeczywistość gospodarcza Polski w latach 1995-2014
PublicationW części teoretycznej artykułu w pierwszej kolejności przedstawiono makroekonomiczne podstawy zapotrzebowania na pracę w warunkach postępu technicznego oraz zmian kapitału rzeczowego. W następnej kolejności sformułowano założenia dla modelu opisującego zależności pomiędzy stopami wzrostu produktu krajowego i zatrudnienia. W części empirycznej artykułu rozważano wybrane wersje oszacowanego modelu opisujące gospodarkę Polski. Do...
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Biophilic Design: A Trend Watch
PublicationDuring the 20th century, many people migrated to cities for employment and economic opportunities, abandoning farming and natural landscapes so their direct connection to the countryside and nature was lost. This process continues to this day with unprecedented urban growth, in fact, it’s estimated 68% of the world population will live in urban areas by 2050. Due to the evolutionary disposition of humans, when people live in an...
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ROAD SAFETY MANAGEMENT TOOLS FOR COUNTRY STRATEGIC LEVEL
PublicationStrategic road safety programmes setting out long-term visions and road infrastructure development plans must be based on road safety forecasts and an understanding of the long-term impact of different measures on road safety. The objective of this paper is to discuss a concept of road safety management for an area of a selected country because there are no simple tools of road safety management for the development and implementation...
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COVID-19 Vaccinations and the Volatility of Energy Companies in International Markets
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The Cross Section of Country Equity Returns: A Review of Empirical Literature
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Sail Away to a Safe Harbor? COVID-19 Vaccinations and the Volatility of Travel and Leisure Companies
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Health outcomes of road-traffic pollution among exposed roadside workers in Rawalpindi City, Pakistan
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The Impact of Innovation and Information Technology on Greenhouse Gas Emissions: A Case of the Visegrád Countries
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Approval of an Arrangement in the Restructuring Proceedings and the Financial Condition of Companies Listed on the Stock Exchanges in Warsaw. Is There Any Relationship?
PublicationThis paper attempts to identify the financial indicators differentiating companies that are insolvent or at risk of insolvency and have successfully entered into an arrangement with their creditors from those that have not. In addition, a two-factor model for predicting the odds of an arrangement has been proposed. The research was conducted using a population of companies listed on stock exchanges in Warsaw that initiated restructuring...
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Bifractal receiver operating characteristic curves: a formula for generating receiver operating characteristic curves in credit-scoring contexts
PublicationThis paper formulates a mathematical model for generating receiver operating characteristic (ROC) curves without underlying data. Credit scoring practitioners know that the Gini coefficient usually drops if it is only calculated on cases above the cutoff. This fact is not a mathematical necessity, however, as it is theoretically possible to get an ROC curve that keeps the same Gini coefficient no matter how big a share of lowest...
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Dynamic Bankruptcy Prediction Models for European Enterprises
PublicationThis manuscript is devoted to the issue of forecasting corporate bankruptcy. Determining a firm’s bankruptcy risk is one of the most interesting topics for investors and decision-makers. The aim of the paper is to develop and to evaluate dynamic bankruptcy prediction models for European enterprises. To conduct this objective, four forecasting models are developed with the use of four different methods—fuzzy sets, recurrent and...
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Is Artificial Intelligence Ready to Assess an Enterprise’s Financial Security?
PublicationThis study contributes to the literature on financial security by highlighting the relevance of the perceptions and resulting professional judgment of stakeholders. Assessing a company’s financial security using only economic indicators—as suggested in the existing literature—would be inaccurate when undertaking a comprehensive study of financial security. Specifically, indices and indicators based on financial or managerial reporting...
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The influence of biological environment on the appearance of silver-coated implants
PublicationDespite antibiotics preventive treatment before and after implantation, risk of infection is real. The infections at the implant surface developein a few months after applying them into the body. To prevent the development of bacteria and to reduce the risk of infection, implants coated with silver layer come into use. The paper presents the research results in biological environment on vein and orthopaedicimplants covered with...
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Determinants of COVID-19 Impact on the Private Sector: A Multi-Country Analysis Based on Survey Data
PublicationOur paper aims to investigate the impact of COVID‐19 on private sector companies in terms of sales, production, finance and employment. We check whether the country and industry in which companies operate, government financial support and loan access matter to the behaviour and performances of companies during the pandemic. We use a microdata set from a worldwide survey of more than 15,729 companies conducted between April and...
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Evaluation and application of data from road weather stations for winter maintenance management
PublicationThe paper presents the analysis of road weather data from meteorological stations located at the Polish national roads of Pomerania District during the impact of winter conditions. Presented issue is particularly important from the point of view the problem of winter maintenance and especially for prediction and assurance of quality of asphalt pavement surface ie. resistance to low temperature cracking or risk of glazed frost....
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Chemical hazard in glacial melt? The glacial system as a secondary source of POPs (in the Northern Hemisphere). A systematic review
PublicationToxicity of compounds belonging to persistent organic pollutants (POPs) iswidely known, and their re-emission from glaciers has been conclusively demonstrated. However, the harmful effects associated with such secondary emissions have yet to be thoroughly understood, especially in the spatial and temporal context, as the existing literature has a clear sampling biaswith the best recognition of sites in the European Alps. In this...
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Machine learning-based seismic fragility and seismic vulnerability assessment of reinforced concrete structures
PublicationMany studies have been performed to put quantifying uncertainties into the seismic risk assessment of reinforced concrete (RC) buildings. This paper provides a risk-assessment support tool for purpose of retrofitting and potential design strategies of RC buildings. Machine Learning (ML) algorithms were developed in Python software by innovative methods of hyperparameter optimization, such as halving search, grid search, random...
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Evaluation of Health Hazard Due to Emission of Volatile Organic Compounds from Various Processing Units of Wastewater Treatment Plant
PublicationThe paper describes an attempt at health risk assessment and odour concentration determination in the most important units of a wastewater treatment plant. The cancer risk (CR) and hazard index (HI) parameters in selected measurement locations were calculated based on the results of chromatographic analyses (GCxGC-TOF-MS) and the United States Environmental Protection Agency (US EPA) guidelines. No exceedance of the CR and HI acceptable...