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Search results for: Managerial Economics
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Inlet air fogging of marine gas turbine in power output loss compensation
PublicationThe use of inlet air fogging installation to boost the power for gas turbine engines is widely applied in the power generation sector. The application of fogging to mechanical drive is rarely considered in the literature [1]. This paper will cover some considerations relating to its application to gas turbines in ship drive. There is an important evaporative cooling potential throughout the world when the dynamic data is evaluated,...
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The congruence of mental models in entrepreneurial teams – implications for performance and satisfaction in teams operating in an emerging economy
PublicationPurpose – The paper aims to explore the relationship between the congruence of mental models held by the members of entrepreneurial teams operating in an emerging economy (Poland) and entrepreneurial outcomes (performance and satisfaction). Design/methodology/approach – The data obtained from 18 nascent and 20 established entrepreneurial teams was analysed to answer hypotheses. The research was quantitative and was conducted using...
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The role and concept of sub-models in the smart fuzzy model of the internet mortgage market
PublicationThe paper introduces some challenges of the fast growing mortgage market in Poland. One of these challenges is the need for a model development that could be used for various predictions related to this market. At the current stage of the model evelopment process our main goal is to propose and introduce sub-models the role of which would be to describe three different economic environments: stable, fast growing, and recession....
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Wycena środowiska w aspekcie odpowiedzialności moralnej
Publicationthe article '' the pricing of environment in the moral responsibility context" presents ethical protection of natural environment within sustainable development paradigm as well as the problem of individual, moral responsibility in the liberal civilization. it contains different opinions on the environmental ethics, compares flat and deep ecology as well as environmental and ecological economy; it characterizes methods of economic...
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The shape of an ROC curve in the evaluation of credit scoring models
PublicationThe AUC, i.e. the area under the receiver operating characteristic (ROC) curve, or its scaled version, the Gini coefficient, are the standard measures of the discriminatory power of credit scoring. Using binormal ROC curve models, we show how the shape of the curves affects the economic benefits of using scoring models with the same AUC. Based on the results, we propose that the shape parameter of the fitted ROC curve is reported...
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Wykorzystanie miar dywergencji Csiszara do oecny podobieństwa struktury ludności krajów regionu Morza Bałtyckiego
PublicationStudies of socio-economic phenomena often touch on the issues concerning similarity between demographic structures. The measures usually used in the evaluation of structure similarity or in the investigation of the extent of structural changes are functions of distance metrics of their partial indicators. The study points out the possibility of using Csiszar divergence measures (f-divergences) in the quantification of the extent...
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Personal Entrepreneurial Potential in the Opinion of Young Women Entering the Labor Market
PublicationIn the current economic situation in Europe the need to stimulate entrepreneurship, with the special attention to develop the entrepreneurship among women, is clearly emphasized. The action is mostly taken to encourage the use of internal potential of possible future entrepreneurs. Do we know what the potential really is ? The presented article deals with the issues of women's entrepreneurship, demonstrating results of self assessment...
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Evaluation of the Impact of Different Types of Uncoupling on the Processing Capacity of Hump Yards
PublicationThe paper considers the issue of evaluating the impact of different types of uncoupling to increase the processing capacity of hump yards to ensure high technical-economic indicators in the conditions of limited capital funds. Moreover it describes the mathematical formulation of the sorting slide. For the mathematical formulation, the sorting slide is taken as a surface that is uniquely projected onto a horizontal plane. Based...
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Digital technologies and women's empowerment – casting the bridges
PublicationThis work briefly discusses the nexuses between digital technology development and adoption across societies, and its potential impact on overall welfare through women’s economic empowerment. In the first section it sets out the context and background. Next, Section 2 demonstrates the state of access to and the use of digital technologies across the world. Section 3 intends to trace the causal links and channels of digital technologies'...
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Sugar Fee in Poland as an Example of New Fiscal Burdens and Stimulation of Consumer Behaviour
PublicationDuring the economic downturn caused by the COVID-19 pandemic, the amount and structure of tax burdens imposed by the state on businesses continue to increase, as shown on the example of the newly introduced sugar fee. A new tax-related burden imposed on businesses and consumers producing and consuming sugar-sweetened beverages appeared at the beginning of 2021. The aim of the paper is to present the fiscal burdens that accompany...
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Linkages between services and manufacturing as a new channel for GVC development: Evidence from CEE countries
PublicationThe goal of the paper is to verify a causal relationship between forward linkages from domestic services to manufacturing and the participation/position of a country in global value chains (GVCs) in selected Central and Eastern European economies. We observed a strong polarisation pattern: the Baltic countries along with the Czech Republic strengthen their positions and participation in GVCs by having a strong relationship between...
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Development of Small Business Sector in Slovakia in 1993-2006
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Krótkowzroczność strategiczna – metodyczne aspekty systematycznego przeglądu literatury
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Proces tworzenia centrum usług wspólnych na przykładzie grupy Euroflorist
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OCENA REALIZACJI KONCEPCJI FLEXICURITY NA PRZYKŁADZIE WYBRANYCH KRAJÓW UNII EUROPEJSKIEJ
PublicationIstniejące rozbieżności pomiędzy celami przedsiębiorstw a pozycją pracowników na rynku pracy doprowadziły do popularyzacji i wdrażania w wielu państwach UE modelu flexicurity, którego celem jest połączenie elastycznych form zatrudnienia ze skuteczną polityką wspierającą przemiany na rynku pracy. Celem opracowania jest zbadanie i ocena wdrażania modelu flexicurity przy uwzględnieniu wskaźników złożonych. Zakres opracowania obejmuje...
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Social entrepreneurship and its hybridity determining resource challenges and chances
PublicationIn this conceptual paper, the author aims to grasp what are the particular challenges and opportunities in social entrepreneurship, in terms of resource access and mobilization, considering the hybrid nature of social enterprise. To this end, the author points to the nature of hybridity and discusses what advantages and disadvantages are inherent in financial, human and physical resources access for social enterprises as hybrid...
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Nauczanie polityki pieniężnej na studiach wyższych - przykłady rozwiązań
PublicationJednym ze sposobów efektywnego nauczania polityki pieniężnej na studiach wyższych jest wykorzystanie studium przypadku. W artykule zaproponowano kilka przykładowych, możliwych do realizacji na ćwiczeniach, zadań opartych na tej metodzie. Te ćwiczenia nastawione są na pracę zespołową. Uczą samodzielnego wyciągania wniosków oraz obrazują związki przyczynowo-skutkowe niezbędne do pełnego zrozumienia materiału. Dodatkowo nabyte przez...
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APROKSYMACJE DE VYLDERA PRAWDOPODOBIEŃSTWA RUINY DLA MODELU Z CZASEM CIĄGŁYM W NIESKOŃCZONYM HORYZONCIE CZASOWYM
PublicationArtykuł przedstawia przegląd badań oraz ewolucję aproksymacji De Vyldera. Metoda ta polega na zastąpieniu procesu ryzyka poprzez inny proces ryzyka z wykładniczym rozkładem szkód tak, aby momenty pierwszych trzech rzędów przyrostu dla obu procesów były jednakowe. Idea tego oszacowania została wykorzystana w aproksymacji 4-gamma De Vyldera, w której zastosowano zastąpienie procesu ryzyka procesem ryzyka z rozkładem gamma szkód,...
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Macroeconomic functions of the Russian stock market
PublicationThe purpose of this article is to present the structure of the stock market in the Russian Federation and the significance of this part of national financial system for the whole economy, particularly the degree of main macroeconomic functions fulfillment. First part of the text includes an overview of the main theoretical concepts linked with the stock market roles as well as a brief description of results of selected studies...
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Banking concentration in the Baltic and Western Balkan states — selected issues
PublicationResearch background: In a rapidly changing economic environment companies deepen their cooperation, which entails in all sectors of the economy. The progressive increase in market concentration, especially in the banking sector, is caused by various reasons. Purpose of the article: The purpose of this article is to compare the tendencies within market structures in few countries which origin from similar political systems and...
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Nowoczesne metody termochemicznej konwersji biomasy w paliwa gazowe, ciekłe i stałe = Modern methods of thermochemical biomass conversion into gas, liquid and solid fuels
PublicationBiomass utilization through direct- or co-combustion with coal, based on coal, hydrogen and oxygen compounds chemical energy conversion into heat in boilers, is simultaneously the cheapest and - according to experts - economically least effective solution. In case of heat and electricity production in cogeneration process in biomass fueled heat and power stations (wood, straw, energetic plants, RDF etc), investment costs are little...
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ONLINE DISTRIBUTION OF INSURANCE OF CIVIL LIABILITY OF OWNERS OF VEHICLES, THE EXPERIENCE OF POLAND, OPPORTUNITIES OF UKRAINE
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Joint Analysis of National Eco-Efficiency, Eco-Innovation and SDGs in Europe: DEA Approach
PublicationThe growing complexity and intertwining of different socio-economic issues both in individual countries and internationally mean that single-theme analyses do not consider all the relationships and thus have cognitive limitations. Therefore, studies that combine several research areas are increasingly common in the literature to clarify the connections and relationships. In this study, considering the sequential nature of the...
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Consumer willingness to pay a price premium for ecological goods: a case study from Ukraine
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Financial performance under influence of credit risk in non-financial firms: evidence from Pakistan
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Identifying the impact of external environment on business angel activity
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Business angels in the Czech Republic: characteristics and a classification with policy implications
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The ice phenomena dynamics of small anthropogenic water bodies in the Silesian Upland, Poland
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Anthropogenic transformations of the Bytom area relief in the period of 1883-1994
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Does public offering improve company’s financial performance? The example of Poland
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EFFECTIVENESS OF FDI, TECHNOLOGICAL GAP AND SECTORAL LEVEL PRODUCTIVITY IN THE VISEGRAD GROUP
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Financial risk information avoidance
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An evaluation of effectiveness of fuzzy logic model in predicting the business bankruptcy
PublicationW artykule sprawdzono skuteczność pojedynczego modelu logiki rozmytej w prognozowaniu ryzyka upadłości przedsiębiorstw w Polsce. W badaniach wykorzystano wartości 14 wskaźników finansowych oraz ich dynamikę zmiany między pierwszym a drugim, drugim a trzecim oraz trzecim a czwartym rokiem objętymi analizą. We wnioskach omówiono różnicę w skutecznościach modelu uzyskanego na wartościach statycznych oraz dynamicznych wskaźników finansowych....
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Warner, Malcolm (Ed.) (2013), The Sociology of the Workplace. Abingdon: Routledge.
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Methods for Measuring the Intellectual Capital of the Region: Approaches and Assessments
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PUBLIC GOODS VERSUS THE FARM PRICE-COST SQUEEZE: SHAPING THE SUSTAINABILITY OF THE EU’S COMMON AGRICULTURAL POLICY
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Assessment of TFP in European and American higher education institutions – application of Malmquist indices
PublicationIn this study we apply Malmquist methodology, based on the estimation of distance measures through Data Envelopment Analysis (DEA), to a sample of 500 universities (in 10 European countries and the U.S.) over the period 2000 to 2010 in order to assess and compare their productivity. On average, a rise in TFP is registered for the whole European sample (strongest for Dutch and Italian HEIs), while the productivity of American HEIs...
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Sektor usług wiedzochłonnych oraz jego dynamika i struktura zatrudnienia w krajach Unii Europejskiej
PublicationNiniejszy artykuł dotyczy sektora usług wiedzochłonnych oraz jego dynamiki i struktury zatrudnienia. W części teoretycznej opracowania przedstawiono zagadnienia definicyjne oraz klasyfikacyjne związane z sektorem usług wiedzochłonnych, a także omówiono kwestie wiedzochłonności tego sektora. W części badawczej zaprezentowano analizę dynamiki i struktury zatrudnienia w sektorach usług wiedzochłonnych krajów należących do Unii Europejskiej....
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THE IMPACT OF ENVIRONMENTAL TAXES ON TRANSPORTATION AND STORAGE ENTERPRISES’ DEVELOPMENT – THE CASE OF BALKAN COUNTRIES
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JOINT ANALYSIS OF NATIONAL ECO-EFFICIENCY, ECO-INNOVATION AND SDGS IN EUROPE: DEA APPROACH
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The mechanisms of technological innovation in SMEs: a Bayesian Network Analysis of EU regional policy impact on Polish firms.
PublicationWe study the underlying mechanisms of technological innovation in SMEs in the context of ex-post evaluation of European Union’s regional policy. Our aim is to explain the observed change in firms’ innovativeness after receiving EU support for technological investment. To do so, we take an approach that is novel in innovation studies: a Bayesian Network Analysis to assess the effectiveness of EU policy instrument for technological...
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Inflation Forecast or Forecast(s) Targeting?
PublicationThe paper refers to L.E.O. Svensson’s concept of inflation forecast targeting (IFT) and its implementation by central banks of Sweden, Norway and the Czech Republic. The study focuses on (1) inflation forecasts published by selected central banks, i.e.headline inflation and core or monetary policy-relevant (MPR) inflation, which are made on the assumption of endogenous instrument rate, (2) one-year consumer...
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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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Analiza efektywności działalności uczelni europejskich i amerykańskich - podejście nieparametryczne
PublicationW artykule przedstawiono analizę efektywności naukowej i dydaktycznej 505 uczelni z 10 krajów europejskich oraz z USA w okresie 2000– 2012. W celu obliczenia wskaźników efektywności przyjęto metodę nieparametryczną Data Envelopment Analysis (DEA). Za nakłady uznano: wartość przychodów uczelni, liczbę pracowników naukowych oraz studentów, za wyniki działalności naukowej – liczbę publikacji, a działalności dydaktycznej – liczbę absolwentów....
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Competencies of graduates as future labour market participants – preliminary study
PublicationThe aim of article is to examine and compare the views of employers and future employees on the desirable competencies of the potential labour market participants. The applied research method is a combination of qualitative and quantitative methods – interviews conducted among recruiters (representing potential employers) and a survey of university graduates (future employees). The study shows that both the Polish graduates and...
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When all we have is not enough: a search for the optimal method of quantifying inflation expectations
PublicationAlthough inflation expectations are pivotal variables for central banks, they are not directly observable. Therefore, central banks use qualitative survey results to proxy consumer expectations, and their quantification in this manner is often criticized. In this study, we investigate and identify an optimal quantification procedure for survey results based on a set of regression and probabilistic models. Specifically, we seek...
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The impact of institutions on innovation networks: empirical evidence from Poland
PublicationInnovation networks may accelerate and improve the innovation process, while institutional pathologies may hamper it. This study employs the Kruskal-Wallis H test and regression analysis to determine if the relationship between institutions and innovation networks does exist among the investigated variables. The purpose of the study was to find out whether cooperation with special local institutions influences the innovative behaviour...
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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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Exploring the relationship between investment choices, cognitive abilities risk attitudes and financial literacy
PublicationPurpose The main purpose of this study is to investigate the investment choices' relationship with cognitive abilities, risk aversion, risky investment intentions, subjective financial literacy and objective financial literacy. Design/methodology/approach To examine the relationship, two investment choices were given to 256 subjects from Pakistan. Questionnaire had total 20 questions for measuring five variables. To review this...
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GVC involvement and the gender wage gap: Micro -evidence on European countries
PublicationWe examine linkages between involvement in global value chains (GVCs) and gender wage inequalities. We use merged data from Structure of Earnings Survey and the World Input Output Database covering 18 European countries. We employ information on employees’ personal and company characteristics and a sectoral involvement in GVCs. In general, the wages of workers from sectors more involved in GVCs are lower. However, the relationship...