Folia Oeconomica Stetinensia

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A Statistical Analysis of Dividend in Chosen Companies Listed on the Warsaw Stock Exchange

Małgorzata Łuniewska

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 75-85

The capital market appeared in Poland relatively not far ago, so it is the young market and is not shaped well. Although, the development rate does not satisfy all the believers of the capital market, it should be emphasized that this market is functioning and is developing. Market indicators are a significant element of the market analysis performed by means of fundamental analysis. The aim of this...

article

Event Study in the Evaluation of Effects of Mergers and Acquisitions

Agnieszka Perepeczo

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 107-122

The paper presents the essence of the methodology of event study used in developed markets to evaluate post-acquisition performance based on the market data. In particular, the paper discusses the issues of abnormal returns and expected return models, presenting also selected examples of post-acquisition performance in developed markets. At the end, the author has addressed the issue of contemporary...

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Are we Facing a Global Consumer?

Katarzyna Kozioł, Iga Rudawska

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 87-97

This paper presents the overall review of globalisation of consumption as well as the new trends of purchasing and discusses the findings of the exploratory inquiry conducted in FMCG market in Poland in two different periods (1994 and 2003). Particular attention is paid to the consumer choice-related consequences of globalisation. Judging purchasing behaviour of Polish people on the basis of the conducted...

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Relationships Between Banks and Insurers Vis-á-Vis Globalisation Processes and Social Reforms in Poland

Małgorzata Krasowska-Marczyk

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 123-139

The aim of the article is an attempt to present tendencies and prospects of bank-insurance relationship development in Poland in the period of globalization and social insurance reforms. The evolution and financial system structure as well as the spheres of operation of the banking and insurance sectors, supported by examples are presented on the background of the current situation in Poland and European...

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Technology and Space in Innovation Performance of Polish Regions

Arkadiusz Świadek

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 141-152

Space and technology are key determinant of innovation performance in industry not only in Poland, but also in developed economies. This research proved that space, time, technology and size of industrial enterprises are important elements of every regional innovation system. For this reason, those factors should be given appropriate attention while developing innovation strategies.

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Probability of Exercise of Option

Beata Stolorz

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 1-14

To estimate the risk the investors take when investing their money in stocks or stock options one must study if the option is exercised or not. From the point of view of a call option writer, especially those uncovered, one should study the probability of the exercise of option by a holder. The method presented in the paper enables to estimate risk connected with investment in options. In the assessment...

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Econometric Models of Propensities

Józef Hozer, Mariusz Doszyń

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 15-25

Human being is one of the most important sources of causative forces of events that assemble economical processes. Working out the effective tools that enable measurement of the impact of people on socio-economic processes is necessary in analyzing, troubleshooting and forecasting. In the article the issues of calculating propensities by means of properly specified econometrics models were presented...

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Productivity Changes in the European Union: Structural and Competitive Aspects

Jacek Batóg, Barbara Batóg

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 63-74

There are many factors influencing the level and changes of the labour productivity. One of the useful methods of identifying these factors is shift-share approach. It makes it possible to determine if the sectoral structure or the level of competitiveness of the economy affects the dynamics and differentiation of labour productivity. The research concerned countries of the European Union, covered...

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Internal and External Aspect of Changes in Exchange Rate (Methodological and Theoretical Analysis)

Jerzy Dudziński

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 27-35

In the paper the phenomena related to the tendencies in the exchange rate have been analysed basing on a new methodological approach to the category of foreign trade. The approach includes the so-called internal and external aspect of foreign trade. The approach proposed in the paper proves to be very helpful in the analysis of the phenomena in today's economy.

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The Estimation of the Influence of the Economy on the Capital Market in Poland During 2000-2006

Waldemar Tarczyński, Mirosława Gazińska

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 37-52

The relation between the economy and the capital market is very interesting as far as analysis related to the capital market is concerned. The key statement is that the changes in the country economy have influence on the capital market. The aim of this article is to investigate if there are any essential connections between the values characterizing the capital market and the economy condition in...

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Estimation of Approximate Values of the Optimum Points on Efficient Portfolios Curve

Henryk Kowgier

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 99-106

In the paper a method is found for estimating approximate optimum points on efficient portfolios curve (risk-profit) that are connected with exponential utility functions being very frequently preferred in practice by investors.

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Business Demography - the Analysis of Firm Population in the Zachodniopomorskie Voivodship as Compared to the Polish and European Market

Iwona Markowicz

Folia Oeconomica Stetinensia > 2007 > 6 > 1 > 53-62

Business demography is a new developing field of research. Problems in scientific research occur due to methodological inaccuracies. Differences in defining terms and indicators, and differences and changes in business registration standards make it difficult to analyse data in time or to conduct a comparative study of various countries. Many problems still remain to be solved; however, there is a...

article

A Country's Demand for Official Reserve Assets

Halina Nakonieczna-Kisiel

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 117-129

The paper presents the reasons for holding official reserve assets, their determinants and methods used to estimate the demand for them. Basing on selected quantitative ratios it has been shown that in the years 1995-2006 the official reserve assets held by the National Bank of Poland guaranteed financial security of Polish economy.

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Application of Factor Analysis in Behavioral Segmentation on the Base of Semiometric Scale

Magdalena Mojsiewicz, Barbara Batóg, Katarzyna Wawrzyniak

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 23-32

The main aim of the paper is to present the methodological basis of market segmentation which uses not only demographic-social attributes and preferences but also variables defining values with important meaning in personal life of customers. The construction of a psychometric test is discussed on the basis of the example of a semiometric scale. This test uses principal components analysis in order...

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An Approach to Optimization of an Enterprise's Activity

Zdzisław Gomółka

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 13-22

The paper presents an approach to optimization of an enterprise's activity based on cybernetics and the theory of systems. The method proposed is based on the model describing optimum activity of an enterprise in a changing environment. The method assumes identification of the immanent objective of an enterprise's activity and conditions of this activity, as well as definition of the objective function...

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Considerations Concerning the Impact of Propensities on Basic Macroeconomic Occurrences

Mariusz Doszyń

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 109-116

In the article theoretical deliberations relating to impact of propensities on basic macroeconomic phenomena were presented. A general definition of propensity was discussed. The influence of propensity for consumption, propensity for investment and propensity for thesaurization on national income, interest rates, consumption expenditures, investments and money supply was analyzed. Derivatives that...

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A Remark on the Interpretation of Pooling Results

Wojciech Zieliński

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 56-62

A multinomial distribution (-1, π1), (0, π2), (1, π3), π1 + π2 + π3 = 1 is observed. Suppose that n1 values -1, n2 values 0 and n3 values 1 (n = n1 + n2 + n3) were observed. The construction of the confidence region for the vector (π1, π2, π3) is given. Theoretical considerations are illustrated by an example of the results of a pool.

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Modelling the Employment Structure in Public Companies for a Small Sample

Waldemar Tarczyński, Mirosława Gazińska

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 33-44

The analysis of employment structure is a very important issue in the companies and it is connected with many factors in the company and on the market. An interesting issue is whether labour efficiency affects economic and financial performance of the company and the whole market. In the case of any statistical regularities concerning this issue it is necessary to allow for the variables related to...

article

Statistical Analysis of Financial and Economic Condition in Companies Listed on the Warsaw Stock Exchange

Małgorzata Łuniewska

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 98-108

The analysis of securities is an essential element of investment. It is a complex and, very frequently, long-lasting process. Depending on the assumed time perspective of an investment, the analysis may be carried out on the basis of appropriate tools within technical or fundamental analysis. Assuming that the investment is long-term, the methods of fundamental analysis, particularly the indicator...

article

Development of Small Business Sector in Slovakia in 1993-2006

Iveta Ubreziová, Krzysztof Wach, Martina Majorová

Folia Oeconomica Stetinensia > 2008 > 7 > 1 > 144-162

The main focus of the article is to elaborate on the importance and role of small and medium-sized enterprises in the Slovak economy. The authors show the development tendencies of the SME sector in Slovakia in the years of 1993-2006. Where it was possible the authors enumerated the data for the year 2007. The paper analyses the state of the sector of small and medium-sized enterprises, seeking to...

INFONA - science communication portal

Folia Oeconomica Stetinensia

A Statistical Analysis of Dividend in Chosen Companies Listed on the Warsaw Stock Exchange

Event Study in the Evaluation of Effects of Mergers and Acquisitions

Are we Facing a Global Consumer?

Relationships Between Banks and Insurers Vis-á-Vis Globalisation Processes and Social Reforms in Poland

Technology and Space in Innovation Performance of Polish Regions

Probability of Exercise of Option

Econometric Models of Propensities

Productivity Changes in the European Union: Structural and Competitive Aspects

Internal and External Aspect of Changes in Exchange Rate (Methodological and Theoretical Analysis)

The Estimation of the Influence of the Economy on the Capital Market in Poland During 2000-2006

Estimation of Approximate Values of the Optimum Points on Efficient Portfolios Curve

Business Demography - the Analysis of Firm Population in the Zachodniopomorskie Voivodship as Compared to the Polish and European Market

A Country's Demand for Official Reserve Assets

Application of Factor Analysis in Behavioral Segmentation on the Base of Semiometric Scale

An Approach to Optimization of an Enterprise's Activity

Considerations Concerning the Impact of Propensities on Basic Macroeconomic Occurrences

A Remark on the Interpretation of Pooling Results

Modelling the Employment Structure in Public Companies for a Small Sample

Statistical Analysis of Financial and Economic Condition in Companies Listed on the Warsaw Stock Exchange

Development of Small Business Sector in Slovakia in 1993-2006

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