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Idiosyncratic risk and cross-section of stock returns in emerging European markets
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The cross section of international government bond returns
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WHAT DRIVES CROSS-COUNTRY DIFFERENCES IN EXPORT VARIETY? A BILATERAL PANEL APPROACH
PublikacjaA worldwide event like the 2020 Coronavirus outbreak can only reinforce the interest in modelling trade diversification as a key factor in countries’ vulnerability to external shocks. This paper adopts a detailed relative framework to study the determinants of product-level export variety in a large bilateral panel of developing and developed economies (16,770 country pairs in the period 1988–2014). We find that country pairs characterized...
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Export diversification and dependence on natural resources
PublikacjaLow export diversification is a risk-augmenting factor for many countries dependent on natural resources. The literature tends to focus on the growth effects of resource dependence (‘resource curse’ debate) while not much is known on how it affects the variety of non-resource exports. To quantify this effect we decompose the relative Theil index using product-level export data from 160 countries over the time period 1996–2018....
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PUBLIC SOURCES OF FINANCE FOR CULTURE AS AN ELEMENT OF CULTURAL SECURITY IN POLAND
PublikacjaCulture is an important element of the country, playing an important role both for its security and the economy. It cannot be only seen as a cost-creating sector, but may be a significant factor in economic development. For this to happen, it is necessary to create a system of financing this economic sector. This article’s aim is to analyze the use of funds from public sources in Poland to finance culture-related activities. The...
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Factors disturbing Internet usage in opinion of elderly users
PublikacjaInternet became truly widespread in modern societies. This created its huge economic potential, which is widely used, especially in traditionally communication-oriented societies like USA and Scandinavian countries. This trend enables to create economic growth even despite of worldwide economic slowdown.Together with demographic changes this raise the necessity of research on how older users perceive modern, Internet-based tools...
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Adaptive prediction of stock exchange indices by state space wavelet networks
PublikacjaThe paper considers the forecasting of the Warsaw Stock Exchange price index WIG20 by applying a state space wavelet network model of the index price. The approach can be applied to the development of tools for predicting changes of other economic indicators, especially stock exchange indices. The paper presents a general state space wavelet network model and the underlying principles. The model is applied to produce one session...
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Impact of Demographic Changes onto National Economy Development
PublikacjaThe effects of population decline and their influence onto the national economy need to be analyzed with reference to modern demographic trends regarding society ageing process. The problem of demographic changes does not only concern the birth rate, life span and migration, but it also refers to economic phenomena and thus, the economic and demographic trend interrelation becomes quite obvious. Macroeconomic approach defines the...
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Shadow Economy in Poland Recent Evidence Based on Survey Data
PublikacjaThe book provides an estimate of the size of the shadow economy in Poland. Using analogous data, it traces core determinants of the existence of the shadow economy in Poland. It compares results with neighbouring countries, and if possible, the remaining Central-Eastern economies. The book tells why the problem of the unreported economic activity matters; it presents the problem from different angles―economic, social and institutional....
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Sustainable investing exchange-traded funds: US and European market
PublikacjaThe 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...
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Diagnostics of thermal processes in antenna systems of broadcast stations
PublikacjaDiagnostics is an important element associated with the operation of a radio antenna systems, allowing earlier detection of potential damage. Thermography is one of the diagnostic tools, which allows for non-invasive assessment of technical condition. It brings together both financial savings associated with the removal of the damage and the potential effects caused by it. The article presents an example of using a thermal imaging...
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A piece of corporate finance
PublikacjaThe handbook presents the subject of financial liquidity and CVP analysis. The handbook uses different types of information: definitions of the issues; “real life” examples illustrating a given theoretical issue in practice; mathematical formulas necessary to calculate a certain value; types of method used. In addition to traditional resources such as drawings, diagrams, tables and photos, the handbook also includes resources of...
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Porównawcza analiza kondycji finansowej polskich uczelni publicznych i niepublicznych
PublikacjaCelem artykułu jest dokonanie oceny oraz porównanie kondycji finansowej krajowych uczelni publicznych i niepublicznych. Wywód składa się z analizy literatury przedmiotu, dotyczącej warunków i sposobu funkcjonowania polskich uczelni publicznych i prywatnych. W części empirycznej artykułu użyta została analiza wskaźnikowa, stanowiąca jedną z najpopularniejszych metod analizy finansowej. Badaniu zostały poddane łącznie 23 wskaźniki...
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Innowacje w działalności marketingowej instytucji finansowych na rynku polskim
PublikacjaW artykule przedstawiono istotę innowacji w usługach finansowych. Na podstawie danych statystycznych dokonano analizy poziomu innowacyjności instytucji finansowych z uwzględnieniem zróżnicowania podmiotowego oraz ze względu na rodzaje innowacji. Szczególną uwagę zwrócono na innowacje marketingowe jako wpływające w sposób bezpośredni na działalność marketingową instytucji finansowych. Przedstawiono podstawowe kategorie innowacji...
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Anna Lis dr hab. inż.
OsobyProfesor Politechniki Gdańskiej; wykładowca i badacz w zakresie współpracy międzyorganizacyjnej, zarządzania innowacjami, rozwoju nowych produktów i zarządzania środowiskowego; jej dorobek naukowy obejmuje ponad 80 publikacji; uczestniczyła w licznych projektach badawczych realizowanych w ośrodkach akademickich; była zaangażowana we współpracę międzynarodową - brała udział w programach europejskich (INNET, COSME, ERASMUS, LOCALISED...
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Professional activity, gender and disease-related emotions: The impact on parents' experiences in caring for children with phenylketonuria
PublikacjaIntroduction: Clinical management of rare diseases often fails to acknowledge the challenges faced by caregivers.Whilst management of phenylketonuria (PKU) may not be considered as dire as other conditions, most studiesprimarily concentrate on clinical issues, dietary adherence, or the quality of life of the PKU patients, leavingcaregivers in the background. The aim of the study was to evaluate the psychosocial...
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Employment and export specialization patterns versus GDP per capita performance - unifying approach
PublikacjaThis paper analyses the evolution of specialization patterns along the process of economic development. The scope of the paper is twofold: first of all, it aims at understanding if the evolution of employment specialization is reflected in the same manner in trade specialisation patterns. Secondly, it explores the link between the degree of specialization on one side and cross country GDP per capita performance on the other. We...
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Dowodzenie w Policji – koncepcja zmian w zakresie dowodzenia formacją
PublikacjaThe dynamic development of human civilization at the turn of the 20th and 21st centuries unfortunately generates not only positive developments. So we need to constantly improve crisis management systems. The purpose of the research was to improve the police command system. Primarily, the research was based on the methods of non-standard observation and analysis and logical construction. The article presents the command in the...
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L'Italie. Gagner à tout prix. L'industrie de l'armenent italien pendant la Grande Guerre
PublikacjaThe chapter outlines the economic and technological transformations of the Italian armament industry during the First World War
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EU-Turkey Customs Union and Bilateral Foreign Direct Investment Flows
PublikacjaMain aim of this text is presentation of the effects of customs union between the European Union and turkey on bilateral FDI flows in light of the theory of linkages between economic integration and FDI flows. First section of the text is a survey of main theoretical links between economic integration and FDI flows. Second section focuses on the history and scope of the customs union. Third and fourth sections are empirical and...
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Innowacyjność instytucji finansowych w Polsce – perspektywy rozwoju
PublikacjaUsługi finansowe będące coraz ważniejszą częścią gospodarki w krajach rozwiniętych, w dużym stopniu absorbują innowacje, stając się jednocześnie ważnymi podmiotami tworzącymi innowacje w obszarze zmian marketingowych i organizacyjnych. W artykule przedstawiono istotę innowacji w usługach finansowych. Przedstawiono podstawowe kategorie innowacji stosowanych w usługach finansowych. Na podstawie danych statystycznych dokonano analizy...
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lLmondo globale
PublikacjaLo globalizzazione e i BRICS - Lo svilu the economic development of East Asia- The commodities market
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Le trasformazioni economiche globali
PublikacjaThe chapter highlights the main economic trasformations of the world economy after the end of Cold War until 2018
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Collaborative development model and strategies of multi-energy industry clusters: Multi-indicators analysis affecting the development of coastal energy clusters
PublikacjaThe paper explores Coastal Energy-Based Industrial Clusters (EBICs) and their role in advancing energy efficiency and sustainability through collaborative innovation. Economic growth theory and energy sustainability have been introduced into industrial clusters to illustrate indicators that have a greater impact on the development of EBICs. This paper proposes an EBICs development model based on the Cobb-Douglas function, in which...
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Piotr Dominiak prof. dr hab.
OsobyUrodził się w Radomiu 29 czerwca 1948 r. Jest absolwentem studiów ekonomicznych na Uniwersytecie Warszawskim (1971), tam też obronił doktorat (1976) i uzyskał habilitację (1989). Tytuł naukowy profesora uzyskał w 2005 r. Na PG pracuje od 1971 r. W latach 1991–1993 dyrektor Instytutu Nauk Ekonomicznych i Humanistycznych PG. Dziekan Wydziału Zarządzania i Ekonomii w latach 1993–1999 i 2005–2012. Kierownik Katedry Nauk Ekonomicznych...
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Implementation mechanism of impact investing in the post-conflict regions
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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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Managing Students’ Affairs at Higher Education Institutions: A Qualitative Analysis of Selected Tasks and Processes
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COVID-19 Vaccinations and the Volatility of Energy Companies in International Markets
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Paper profits or real money? Trading costs and stock market anomalies in country ETFs
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The Cross Section of Country Equity Returns: A Review of Empirical Literature
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Non-standard errors in the cryptocurrency world
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Air temperature and sovereign bond returns
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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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Price range and the cross-section of expected country and industry returns
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Poland–Turkey Comparison of Mobile Payments Quality in Pandemic Time
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Evaluating Business Accelerator Participants’ Experiences – Effectuation at Play?
PublikacjaResponding to the new phenomena in entrepreneurship ecosystems in Poland, the author undertakes the study that aims to explore experiences of participants of (pre)accelerator programme for start-ups. Clipster is a business an acceleration and incubation programme, where participants have a unique co-living opportunity and work on their new venture ideas. With phenomenological interviews with six nascent entrepreneurs - participants...
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Investing in wine, precious metals and G-7 stock markets – A co-occurrence analysis for price bubbles
PublikacjaThis paper used the GSADF test to determine the periods defined in this paper as price bubbles in the three markets studied, i.e. the investment wine market, precious metal market and national stock market indices of G-7 countries. The results obtained enabled the calculation of the values of the phi correlation coefficients, which served the research objective of assessing the co-occurrence of price bubbles in the markets analysed....
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Contemporary issues in production and utilisation of the common urban areas
PublikacjaThis paper deals with issues in production and utilization of common urban areas within contemporary cities. Therefore, the main focus of it was put on the analysis of the possible models of development of spaces in the context of changing socio-economic environment of cities and evolution of their structure. This issue is discussed also in light of the changing definition of the contemporary public space, which no longer resembles...
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Technology brands in the digitally-based and network economy. Setting the background
PublikacjaThis chapter defines and draws a general picture on Digital Technologies and Technology Brands’ meaning in the current economy. It contextualises the role and channels of digital technology’s impact on their shaping technology brands in network economy. It briefly explains why digital, innovative technologies constitute a perfect background and environment for technology brands of global scope. It discusses the place of technology...
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Damage Detection Strategies in Structural Health Monitoring of Overhead Power Transmission System
PublikacjaOverhead power transmission lines, their supporting towers, insulators and other elements create a highly distributed system that is vulnerable to damage. Typical damage scenarios cover cracking of foundation, breakage of insulators, loosening of rivets, as well as cracking and breakage of lines. Such scenarios may result from various factors: groundings, lightning strikes, floods, earthquakes, aeolian vibrations, conductors galloping,...
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Measuring the effectiveness of digital communication - social media performance: an example of the role played by AI-assisted tools at a university
PublikacjaThe aim of the article is to show the role played by AI-powered tools in measuring the effectiveness of digital communication in social media using a university case study. Therefore, a research problem was formulated to identify the metrics (KPIs) used to measure the effectiveness – non-financial outcomes – of digital social media communication at the university using AI tools. The literature review on the role of AI in digital...
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Social entrepreneurship and its hybridity determining resource challenges and chances
PublikacjaIn 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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An assessment of Islamic banking in Bosnia and Herzegovina – a comparative analysis using the CAMELS approach
PublikacjaThis paper examines the phenomenon of Islamic banking in Bosnia and Herzegovina. Although almost half of the Bosnian population is recognized as Islamic, there is only one bank purely based on Sharia operating in this country. The aim of the article is to conduct a comparative analysis of the financial standing of this bank and the banking sector in this country and region. The chosen method of analysis is CAMELS which examines...
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Cross-border transmission line configuration influence on the electrical power and energy billing process
PublikacjaIn 2015 a connection between the Polish and Lithuanian power systems become fully operational. The connection consists of a 400 kV double circuit transmission line and a back-to-back HVDC substation located on the Lithuanian side. A magnetic couplings between the circuits of the transmission line cause that during power transmission a different values of active power losses are observed in both circuits. This situation may cause...
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Marek Rocki dr hab
OsobyBorned in Warsaw in 1953, graduated in 1970 in econometrics at Main School of Planning and Statistics. Since 1981 employed in the Main School of Planning and Statistics later Warsaw School of Economics (WSE) in the Unit of Econometry in Collegium of Economic Analysis. Was in the Warsaw School of Economics elected for Vice-Rector in 1990 and 1993, for Dean of Graduate Studies in 1996, for Rector in 1999 and 2002, for Dean of Collegium...
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Cryptocurrencies as a speculative asset. How much uncertainty is included in cryptocurrency price?
PublikacjaThe aim of this paper is to examine the relationship between uncertainty indices (Geopolitical Uncertainty Index and Global Economic Policy Uncertainty Index) and cryptocurrencies. In order to conduct research, the authors collected the data on the major cryptocurrencies (Bitcoin, Ethereum, Tether, Dogecoin and USD coin) which account for 78% of the total market cap. Using panel OLS regression, this study finds that Bitcoin...
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Tweet you right back: Follower anxiety predicts leader anxiety in social media interactions during the SARS-CoV-2 pandemic
PublikacjaRecent research has shown that organizational leaders’ tweets can influence employee anxiety. In this study, we turn the table and examine whether the same can be said about followers’ tweets. Based on emotional contagion and a dataset of 108 leaders and 178 followers across 50 organizations, we infer and track state- and trait-anxiety scores of participants over 316 days, including pre- and post the onset of the SARS-CoV-2 pandemic...
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A multi-criteria decision model for the introduction of electric storage multiple units on the partially electrified Gdynia-Hel railway
Publikacja: In this article a multi-criteria study of the use of independently powered electric multiple units on the partially electrified Gdynia Główna - Hel line was carried out. The use of (currently used) diesel and, as an alternative, electric and electric multiple units with an electric energy storage was considered. The analysis was carried out on the basis of three criteria for assessing the route service options, i.e. environmental,...
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Entrepreneurship nests in a polish edge city
PublikacjaThe last two decades in Poland have been a period of both a dynamic development of the small and medium-sized enterprise sector and a transformation of the city surrounding territories. This development began during the economy transformation after 1989. Population migration and movement of economic entities away from central cities resulted in development of territorial structures within some Polish suburban areas, defined as...