Search results for: etfs
-
Exchange-traded products in Germany: development and substitution of exchange-traded funds, exchange-traded commodities and exchange-traded notes.
PublicationResearch background: Exchange-traded products (ETPs) are one of the most rapidly growing categories of financial products. Their fast development has been boosted by innovative features. Three main categories of ETPs are exchange-traded funds (ETFs), exchange-traded commodities (ETCs) and exchange-traded notes (ETNs). ETCs and ETNs remain least known, even though their number on some stock exchanges is high. In Europe, Germany...
-
The Emergence of ETFs in Asia-Pacific
PublicationThe major objective of this book is to contribute to the present state of knowledge by exploring empirical links between the processes of diffusion of financial innovations— exchange-traded funds—and growing deployment of ICT across Asia-Pacific countries, between 2004 and 2017. We examine the evolutionary patterns of ETFs on selected Asia-Pacific stock exchanges and verify the hypothesized relationship between increasing ICT penetration...
-
Exchange Traded Funds (ETFs) rynków wschodzących
PublicationETFs są instrumentami umożliwiającymi osiąganie przez inwestorów szeregu korzyści, zwłaszcza w zestawieniu z tradycyjnymi funduszami. O wysokim zainteresowaniu ETFs świadczą rosnące rozmiary rynku. Jednak wzrost zróżnicowania ETFs i wprowadzenie na rynek funduszy syntetycznych sprawiły, że pojawiły się nowe czynniki ryzyka, które muszą zostać uwzględnione zarówno przez podmioty biorące udział w obrotach, jak i przez instytucje...
-
The performance of ETFs on developed and emerging markets with consideration of regional diversity
PublicationThis study evaluates the performance of Exchange-Traded Funds (ETFs) by using various tracking error calculation approaches. The aim of the paper is, on the one hand, an evaluation of the performance of ETFs relative to their benchmarking indexes and, on the other, an endeavour to specify any relationship between this performance and both geographical location and the degree of market development. The research was conducted on...
-
Paper profits or real money? Trading costs and stock market anomalies in country ETFs
Publication -
UE ETS: an in-depth descriptive analysis.
PublicationThe European Emission Trading System (EU ETS) plays a pivotal role in the EU’s strategy to address climate change, serving as a fundamental instrument for cost-effective reduction of greenhouse gas emissions. Notably, it inaugurated the word’s first major carbon market and it continues to the largest one. Chapter 1 provides an in-depth examination of the EU ETS, spanning from its inception in 2005 to 2020. After providing a descriptive...
-
Etos sprzedaży bezpośredniej. Problemy moralne a istniejące uregulowania kodeksowe
PublicationAutorzy uściślają szerokie i węższe ujęcie definicyjne sprzedaży bezpośredniej, jako formy handlowania. Następnie przedstawiają problemy moralne, spotykane w tego typu sprzedaży. Problemy te zostały uszeregowane w zależności od relacji pomiędzy podmiotami transakcji. Problematyka ta została spisana w sposób spontaniczny, wypływający z osobistego doświadczenia autorów artykułu. Następnie omówione zostają istniejące uregulowania...
-
Exchange-Traded Funds in Europe
PublicationExchange-Traded Funds in Europe provides a single point of reference on a diverse set of regional ETF markets, illuminating the roles ETFs can play in risk mitigation and speculation. Combining empirical data with models and case studies, the authors use diffusion models and panel/country-specific regressions—as well as graphical and descriptive analyses— to show how ETFs are more than conventional, passive investments. With new...
-
Impact of Innovative Financial Products on Financial Systems: Exchange Traded Products and the Polish Financial System
PublicationExchange Traded Products (ETPs) are one of the most recent and most rapidly developing financial products. As their assets grow they have an increasing impact on financial systems in many countries, including USA, UK or Japan. Development of ETPs is linked with many opportunities and threats for the local financial systems. Their correct assessment is becoming more difficult due to the growing complexity of the available products,...
-
ETS Research Report Series
Journals -
Projektowanie inteligentnych instalacji elektrycznych z wykorzystaniem programu ETS
PublicationJednym z systemów inteligentnych dedykowanych do budynków mieszkalnych oraz użyteczności publicznej jest system Europejskiej Magistrali Instalacyjnej KNX/EIB. Jest to system zdecentralizowany pozwalający, poprzez zmianę oprogramowania, na zmianę funkcji i parametrów urządzeń istniejących w danym budynku, bez konieczności przebudowy instalacji. Projektowanie instalacji i programowanie urządzeń odbywa się za pomocą specjalistycznego...
-
Analysis of MArkers of Exposure to Constituents of Environmental Tobacco Smoke (ETS)
PublicationTobacco smoke is a complex mixture of more than 4000 chemical compounds, many of which are harmful to human health. These compounds belong to various chemical classes, including amides, imides, lactams, carboxylic acids, aldehydes, ketones, alcohols, phenols, amines, hydrocarbons, ethers, and inorganic compounds. There are three types of tobacco smoke streams: the mainstream, the sidestream, and environmental tobacco smoke (ETS)....
-
Logos i etos w antropologicznej myśli Maxa Schelera (aspekt zapoczątkowania bytowego)
PublicationW artykule przedstawiłem związek logosu i etosu w aspekcie zapoczątkowania bytowego w obrębie antropologicznej myśli M. Schelera. Następnie pokazałem, że w tym związku logosu z etosem szczególnego znaczenia nabiera kształcenie, "paideia" ducha osoby ludzkiej. Wyjaśniłem, że tzw. komunikacja logosu i etosu jest nie tylko wyobrażalna w obrębie zasady świata, lecz również jest realna w sensie podstawy do odzyskania utraconej...
-
Logos i etos w myśli antropologicznej Anny- Teresy Tymienieckiej (aspekt porządku)
PublicationW artykule przedstawiłem związek logosu i etosu w aspekcie początku w myśli antropologicznej filozofki. Próbowałem pokazać, że indywiduum ludzkie rozwija samo siebie poprzez stawanie się w procesie życia, w jedności wszystkiego, co żyje. W ramach takiej perspektywy homo creator uzyskuje dostęp do novum sensu uniwersum, Ponadto usiłowałem pokazać, że na przykładzie filozofii życia Tymienieckiej zachodzi realne "spotkanie się" Logosu...
-
DUBBLETTEN. Projekt "Budujmy razem". Inicjatywa Wspólnotowa EQUAL (EFS) [online].
PublicationToaleta separująca, biotoaltea - rozwiązania, warunki stosowania.
-
Financial markets diffusion patterns. The case of Mexican investment funds
PublicationExchange traded funds (ETFs) are one of the most influential financial innovations, reshaping the investment funds market in many countries, including Mexico. Due to their similar investment objectives, ETFs are considered substitutes for mutual funds. The aim of the article is to provide an in-depth insight into the issues associated with the development of financial markets in Mexico...
-
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...
-
MECONIUM SAMPLES USED TO ASSESS INFANT EXPOSURE TO THE COMPONENTS OF ETS DURING PREGNANCY
PublicationThe aim of the study was to use meconium samples to assess fetal exposure to compounds present in environmental tobacco smoke (ETS). Material and Methods: In order to assess fetal exposure to toxic tobacco smoke compounds, samples of meconium from the offspring of women with different levels of tobacco smoke exposure, and the samples of saliva from the mothers were analyzed. Thiocyanate ion as a biomarker of tobacco smoke exposure,...
-
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...
-
Exchange-Traded Funds on European Markets: Has Critical Mass been Reached? Implications for Financial Systems.
PublicationExchange-traded funds (ETFs) are one of the most rapidly expanding categories of financial products in Europe. One of the key yet still unanswered questions is whether European ETF markets have reached the size at which they could affect the financial systems. In our study, we examine 13 European countries during the period 2004–2017 in order to trace whether the share of ETFs in the total assets of investment funds has reached...
-
ETS prices 2008-2024
Open Research DataThe European Union Emissions Trading System (EU ETS) is a carbon emission trading scheme (or cap and trade scheme) which began in 2005 and is intended to lower greenhouse gas emissions by the European Union countries. The "ETS prices 2008-2024" dataset contains a summary of ETS prices in 2008-2024.
-
Tracing financial innovation diffusion and substitution trajectories. Recent evidence on exchange-traded funds in Japan and South Korea.
PublicationSince the rapid growth of the popularity of ETFs, the potential substitution between innovative financial products, exchange-traded funds (ETFs), and traditional investment funds (open-end and closed-end funds) is recognized as one of the most-discussed issues in the financial industry. This is the first study to empirically verify and compare the diffusion and substitution of ETFs using monthly data on their assets in two selected...
-
EXCHANGE TRADED COMMODITIES AS A CATEGORY OF INNOVATIVE PRODUCTS ON EUROPEAN FINANCIAL MARKETS
PublicationThe article presents the main features of one category of innovative financial products – exchange traded commodities (ETCs) and results of the analysis of the European market for ETCs. ETCs are products listed and traded on the stock exchanges and they offer investors returns based on various assets (commodities or currencies). In contrast with the most widely recognized exchange traded funds (ETFs), ETCs are structured as debt...
-
Biowskaźniki do oceny prenatalnego i postnatalnego narażenia na składniki środowiskowego dymu tytoniowego (ETS)
PublicationW dymie tytoniowym wyróżnić można strumień główny, strumień poboczny oraz środowiskowy dym tytoniowy. Osoby biernie palące są narażone na działanie środowiskowego dymu tytoniowego, co jest równoznaczne z wypalaniem kilku papierosów dziennie przez osobę paląca. Ciąża oraz wczesne dzieciństwo są to okresy w czasie których dzieci powinny być najbardziej chronione przed wpływem dymu tytoniowego. Dym tytoniowy zawiera wiele związków...
-
Determination of thiocyanate (biomarkers of ETS) and other inorganic ions in human nasal discharge samples using ion chromatography
PublicationEnvironmental tobacco smoke (ETS) is a mixture of air and tobacco smoke containing more than 4000 chemical substances. In view of the health risks of many of these substances, studies are needed to determine biomarkers of exposure to ETS constituents in people who actively or passively are exposed to the toxic compounds. The methodologies for determining most biomarkers from saliva, urine and blood samples are known, but methods...
-
The Impact of Covid-19 on the Performance of Exchange Traded Funds on Developed and Emerging Markets
PublicationIn this paper an endeavour was made to evaluate the impact of Covid-19 on the achievement of the investment objectives by selected ETFs in developed and emerging markets. For this purpose, the tracking errors calculated for 18 different ETFs operating on the basis of American, Asian and European stock indexes were analyzed. The time range of the research was selected in such a way as to compare the period before the pandemic(pre-Covid)...
-
Innovative investment funds and stability of financial systems: Nonparametric study of exchange-traded funds in Europe
PublicationThe main aim of the paper is investigation of the potential contribution of exchange-trade funds (ETFs) to the instability of the European financial systems. The paper begins with presentation of the key theoretical concepts with regard to ETFs and financial stability. We discuss the key attributes of ETFs as the innovative category of investment funds, their hypothesized impact on the financial stability as well as briefly describe...
-
Structure of the US investment company industry over the period 2000 to 2017: substitution analysis
PublicationOver the last years the investment company industry has undergone deep transformation in the majority of the most advanced economies, including the United States. Traditional investment companies, such as mutual funds, have lost their market share to innovative exchange-traded funds (ETFs). The main distinctive features of ETFs are listing and trading in their units on the stock exchanges as well as lower costs for investors. The...
-
Sustainable Investing. Socio-Economic Impacts of Exchange-Traded Funds
PublicationSustainable Investing: Socio-Economic Impacts of Exchange-Traded Funds examines the social and economic effects of sustainable investing ETFs and their impacts on the global financial system. The book presents the key issues with regard to sustainable investing, discussing exchange-traded funds mechanisms and categories in comparison to competing investment funds. The book outlines the theoretical determinants of ETF markets development...
-
COMPLEXITY OF INNOVATIVE FINANCIAL PRODUCTS: THE CASE OF SYNTHETIC EXCHANGE TRADED FUNDS IN EUROPE
PublicationThe aim of the text is the presentation of the most important categories of exchange traded funds (ETFs) – physical and synthetic ones. A theoretical part of the text includes an overview of the main features of ETFs, the presentation of differences between physical and synthetic funds and the main risks posed by both types to their users and the whole financial systems. An empirical part focuses on the European market. Time span...
-
New technologies and diffusion of innovative financial products: Evidence on exchange-traded funds in selected emerging and developed economies
PublicationExchange-traded funds (ETFs) are one of the most rapidly-expanding categories of innovative financial products that have been introduced on many financial markets, in both emerging and developed economies. Our research contributes to the present state of knowledge by examining factors, including information and communication technologies (ICTs), influencing the diffusion of ETFs. In our research, we consider also the impact of...
-
Reshaping financial systems: The role of ICT in the diffusion of financial innovations – Recent evidence from European countries
PublicationExchange-traded funds (ETFs) are among the fastest-growing types of innovative financial products. The emergence and spread of these instruments have been facilitated by the digital revolution. Information and communication technology (ICT) is profoundly reshaping the global economic landscape, laying solid foundations for unrestricted and unbounded flows of information and knowledge, eliminating information asymmetries, and furthering...
-
Sustainable investing exchange-traded funds: US and European market
PublicationThe key aim of the paper is to examine the diffusion of the sustainable investing exchange-traded funds (ETFs) on the European and US ETFs markets, with the special focus on the market shares of sustainable investing and conventional funds. The model of diffusion of innovation (logistic growth model) is applied. Monthly data on the assets of ETFs in the time period of 2006-2017 are used. Increasing assets of sustainable investing...
-
Sytuacja pracodawców zatrudniających pracowników na umowy na czas określony po wyroku ETS z dnia 13 marca 2014 r. (C 38/13)
PublicationWyrokiem z dnia 13 marca 2014 br. (sygn. akt C 38/13) Europejski Trybunał Sprawiedliwości uznał art. 33 kp za niezgodny z prawem unijnym. Wobec takiego stanowiska w artykule przeanalizowano sytuację pracodawców zatrudniających pracowników na umowy na czas określony. W istocie rozwiązanie zawarte przez ustawodawcę we wskazanym przepisie od dawna wzbudzało kontrowersje w doktrynie i orzecznictwie - jednak nie tylko w zakresie jednolitego...
-
What drives sustainable investing? Adoption determinants of sustainable investing exchange-traded funds in Europe
PublicationDespite the growing interest in various topics related to sustainable (ESG) investing, some issues remain understudied, such as the determinants of their utilization at the macro level. This paper contributes to the state of knowledge two-directionally. First, it shows the development of sustainable investing exchange-traded funds (ETFs) in European countries. Second, it traces the significant determinants of adopting sustainable...
-
Water retention curves of sandy soils obtained from direct measurements, particle size distribution, and infiltration experiments
PublicationAccurate information about soil water retention curves (SWRCs) of sands is essential for evaluating groundwater recharge and vulnerability to contamination in many shallow sandy aquifers which are widespread on post glacial areas in Northern Europe and North America. Pedotransfer functions (PTFs) allow to estimate SWRC from basic physical characteristics of soils, such as textural composition. However, in the case of clean sands...
-
POLSKIE AKTYWA W ZAGRANICZNYCH FUNDUSZACH INWESTYCYJNYCH TYPU EXCHANGE-TRADED FUNDS: ROZMIARY, STRUKTURA ORAZ ZNACZENIE DLA POLSKIEGO SYSTEMU FINANSOWEGO.
PublicationExchange-traded funds (ETFs) są jedną z najszybciej rosnących kategorii funduszy inwestycyjnych. W pewnych krajach, takich jak Polska, nie nastąpił jednak rozwój tej grupy funduszy. Celem tekstu jest omówienie wybranych zagadnień teoretycznych związanych z wpływem ETFs na system finansowy oraz ocena możliwości wystąpienia tych oddziaływań w Polsce w odniesieniu do funduszy notowanych poza granicami Polski, które posiadają polskie...
-
Does the carbon emissions trading system reduce carbon emissions by promoting two-way FDI in developing countries? Evidence from Chinese listed companies and cities
PublicationHow developing countries can effectively promote cities’ carbon emission reduction through the carbon emission trading system (ETS) is a topic worthy of attention in the global carbon reduction campaign. Policy changes in China's ETS provide a unique opportunity to measure whether ETS impacts carbon emissions through two-way FDI. Hence, this paper employs difference-in-differences (DID) method to test the causal impact of ETS...
-
Robert Piotrowski dr hab. inż.
PeopleRobert Piotrowski jest absolwentem Wydziału Elektrotechniki i Automatyki (2001r., kierunek: Automatyka i Robotyka) oraz Wydziału Zarządzania i Ekonomii (2002r., kierunek: Organizacja Systemów Produkcyjnych) Politechniki Gdańskiej. Od 2005 roku jest zatrudniony na Wydziale Elektrotechniki i Automatyki, aktualnie w Katedrze Inteligentnych Systemów Sterowania i Wspomagania Decyzji. W 2005 roku obronił rozprawę doktorską (Automatyka...
-
Development and validation of a method for the simultaneous analysis of fatty acid ethyl esters, ethyl sulfate and ethyl glucuronide in neonatal meconium: application in two cases of alcohol consumption during pregnancy
PublicationAlcohol consumption during pregnancy constitutes one of the leading preventable causes of birth defects and neurodevelopmental disorders in the exposed children. Fatty acid ethyl esters (FAEEs), ethyl glucuronide (EtG) and ethyl sulfate (EtS) have been studied as potential biomarkers of alcohol consumption. However, most analytical approaches proposed for their analysis in meconium samples consist of separated extraction procedures...
-
Bioelectronic tongue: Current status and perspectives
PublicationIn the course of evolution, nature has endowed humans with systems for the recognition of a wide range of tastes with a sensitivity and selectivity which are indispensable for the evaluation of edibility and flavour attributes. Inspiration by a biological sense of taste has become a basis for the design of instruments, operation principles and parameters enabling to mimic the unique properties of their biological precursors. In...
-
PARTICLE SIZE ANALYSIS OF SUSPENSIONS IN REMOVING OF ORGANIC MATTER AND PHOSPHORUS FROM WASTEWATER AND SURFACE WATER
PublicationIn this paper the particle size of suspended solids in the removing of organic matter and phosphorus compounds from lake water and wastewater treated in the Ecological Treatment Systems (ETS) was analyzed. The invesigated materials were taken from two ETS located in Pomerania Region/Poland. Object in Swarzewo is 3rd stage of biological treatment of municipal wastewater, while object in Kartuzy has task to remove a phosphorus from...
-
Particle size analysis of suspensions in removing of organic matter and phosphorus from waste water and surface water
PublicationIn this paper the particle size of suspended solids in the removing of organic matter and phosphorus compounds from lake- and waste- water treated in the Ecological Treatment Systems (ETS) was analyzed.The invesigated materials were taken from two ETS located in Pomerania Region/Poland. Object in Swarzewo is 3rd stage of biological treatment of municipal waste water, while object in Kartuzy has task to remove a phosphorus from...
-
Fungal co-culture improves the biodegradation of hydrophobic VOCs gas mixtures in conventional biofilters and biotrickling filters
PublicationThe present study systematically evaluated the potential of Candida subhashii, Fusarium solani and their consortium for the abatement of n-hexane, trichloroethylene (TCE), toluene and α-pinene in biofilters (BFs) and biotrickling filters (BTFs). Three 3.2 L BFs packed with polyurethane foam and operated at a gas residence time of 77 s with an air mixture of hydrophobic volatile organic compounds (VOCs) were inoculated with C. subhashii,...
-
Przydatność ekologicznego systemu oczyszczającego w aspekcie renaturalizacji ścieków
PublicationW pracy przedstawiono wyniki badań dotyczące przydatności zastosowania ekologicznego systemu oczyszczającego (ang.: Ecological Treatment System - ETS) w renaturalizacji ścieków. W tym celu poddano analizie ścieki oraz powstające w procesie oczyszczania osady denne. Badania prowadzono w obiekcie stanowiącym III stopień biologicznego doczyszczania ścieków komunalnych w oczyszczalni w Swarzewie. Przeprowadzona analiza granulometryczna...
-
Structural investigations of the Al2O3 ultra thin films
Open Research DataUltra-thin layers of Al2O3 were deposited by atomic layer deposition (ALD) (Beneq TFS 200 ALD system). This method provides precise thickness control down to a single atomic layer. The precursors used were trimethylaluminum (Sigma-Aldrich) and purified water. The deposition of the atomic layer was carried out at 200 °C. Samples with a thickness of 2...
-
Procesy innowacyjne : badania świadomości 50+
PublicationOpracowanie wyników badań dotyczących kształcenia ustawicznego oraz innowacyjności w przedsiębiorstwach przemysłu stoczniowego. Wyniki są efektem prac w ramach projektu Mayday, współfinansowanego ze środków EFS w ramach inicjatywy wspólnotowej EQUAL.
-
Modelling long-term technological transition of Polish power system using MARKAL: Emission trade impact
PublicationThe need for technological transition of electricity production becomes a global problem. However, in coal-dominated Polish power system this need is even more crucial than anywhere, since technical lifetime of the most domestic power plants is ending. In this paper, the impact of the EU Emission Trading Scheme (EU ETS) for CO2 combined with sulfur dioxide (SO2) and nitrogen oxides (NOx) emission trading mechanism on power technology...
-
Łukasz Sienkiewicz dr hab.
PeopleGraduate of the Warsaw School of Economics, habilitated doctor in the field of social sciences in the discipline of management and quality science. University Associate professor at the Department of Entrepreneurship of the Faculty of Management and Economics of the Gdańsk University of Technology and coordinator of the Center for Economic, Social and Technological Transformation (C-TEST). Chairman of the Board of the Institute...
-
Modelling of the Polish Electricity Generation Subsystem in MARKAL Program with Emphasis on the EU Emissions Trading Scheme
PublicationThis paper addresses issues related to greenhouse gas emissions in the European Union and measures to reduce them, in particular the European Emissions Trading Scheme (EU ETS). A model of the Polish electricity generation subsystem, taking into account EU ETS mechanisms, has been developed using the MARKAL optimization package. Data collected on the basis of available projects, regulations and statistics were entered into the model....