Search results

1

Patnáct let studií komunálních voleb

100%

Ryšavý D.

Politologická revue (Czech Political Science Review)

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2017

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issue 2

115-132

EN

This review article compares four edited monographs that represent a core of municipal election studies in the Czech Republic. Most Czech political scientists didn’t pay attention to elections in the local political arena before 2002 when the fourth elections after the renewal of local government in 1990 were held. Earlier monographs were largely indebted to data gathered by the Czech Statistical Office. Their authors usually commented on data on an aggregated level and prepared case studies of chosen municipalities that included: a description of election campaigns, an analysis of programmatic statements and the role of coalition bargaining. Recently political scientists have been able to gather more comprehensive datasets which have in turn allowed them to apply more sophisticated analytical techniques. Moreover, political scientists can now include data from almost every municipality in the Czech Republic which has, in turn, allowed them to identify the size of the municipality (both geographically and in terms of voters) as a key independent variable. In this way a highly fragmented territorial structure is better represented than in older works. Finally, the political, personal and career profiles of mayors have begun to appear as a new topic in recent publications. The challenge for the future is how to address not only domestic but foreign audiences too.

2

Does bank size affect the value relevance of accounting data? The evidence from Poland

88%

Bolibok P.

FINANSE Czasopismo Komitetu Nauk o Finansach PAN

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2018

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issue 1(11)

106-122

EN

The paper aims at the empirical evaluation of the impact of bank size (as measured by median total assets) on the value relevance of two key accounting variables, i.e. book values of equity and net earnings, in terms of their joint explanatory power in the regression model and the relative responsiveness of bank market values to the changes in those variables. The research is based on the multiple linear regression analysis after controlling for the presence of fixed and random effects. The examined sample covers all domestically-based commercial banks listed on the Warsaw Stock Exchange over the period 1998–2017. The final pooled sample comprises 18 banks and 271 bank-year observations. The findings of the study suggest that the equity investors perceive the joint informational content of book values and earnings of larger banks as more value relevant in comparison to the accounting numbers reported by their smaller peers. The responsiveness of banks’ market values to the changes in each of the explanatory variables seems, however, to be affected by their size in a different way. As expected, book values of equity have turned out to be significantly more informative for smaller banks, whereas the evidence regarding the impact of size on the responsiveness of bank market values to the changes in net earnings is ambiguous. Although larger banks appear to exhibit a higher sensitivity of stock prices to variations in net earnings per share than their smaller peers, the difference between the examined subsamples is not statistically significant.

3

A Model of Firm Growth

88%

Leśko D.

Gospodarka Narodowa. The Polish Journal of Economics

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2011

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vol. 252

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issue 11-12

31-45

EN

International statistics show that small firms are the dominant form of business enterprise today. Yet, despite ongoing research into the theory of the firm, there is still no common view on the mechanisms of firm growth. This article aims to stimulate further theoretical and empirical research into firm growth. In the first part of the paper, the author reviews the most seminal theories of the growth of the firm to date, noting that there are two broadly perceived schools of thought within the analysed field. The first approach advocates a more or less stochastic pattern of firm growth. The second research school holds that the resources at the firm’s disposal are the differentiators, drivers of, but also limits to, firm growth. In the second part of the paper, based on the literature review and deduction, the author develops an alternative model of firm growth. Building on the properties of the Markovian processes, he shows that it may be because of the seemingly rational behaviour of firm incumbents that most firms do not grow in size beyond some satisfying level. The proposed model of firm growth is equally applicable to firms of all sizes operating in all industries and markets.

4

Extended Enders and Siklos test for threshold cointegration

88%

Osińska M., Gałecki M.

Przegląd Statystyczny

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2022

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vol. 69

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issue 1

1-20

EN

In our previous studies, we modified the Enders and Siklos test for threshold error correction to a version allowing the individual threshold variable to be responsible for the asymmetric mechanism of the system. The idea was to learn about the threshold mechanism both in the long and short run. In this paper, we tested for the asymmetry of the adjustment of the error correction mechanism towards the long-run path. The subsamples within regimes differ in size with respect to the threshold value. The novelty lies in the division of both short and long-run variables according to a threshold variable with a given threshold value (assumed or estimated). We named the test extended Enders and Siklos test (exE-S). The present study focuses on the power and size of the modified procedure. A simulation study was designed, computed and conducted. The results are favourable for the proposed approach, although they strongly depend on the difference in values between the adjustment parameters in the regimes.

5

The Relations Between Momentum, Value Size, And Liquidity Factors And Stock Returns On The Polish Market

75%

Zaremba A., Konieczka P.

Optimum. Studia Ekonomiczne

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2014

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vol. 5(71)

EN

The paper examines the relations between selected company characteristics and common stock returns. In the paper, we concentrate on four well-recognized fundamental factors determining stock returns: momentum, value, size and liquidity. First, we review the existing literature in the field. Second, we investigate the relationship between fundamental factors and stock returns on the Polish market. Our computations are based on all companies on the Warsaw Stock Exchange listed in the period 2000-12. Our research provides fresh out-of-sample evidence for momentum, value, size and liquidity premium from the Polish market.

6

Arch Effects in Multifactor Market-Timing Models of Polish Mutual Funds

75%

Olbryś J.

Folia Oeconomica Stetinensia

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2012

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vol. 10

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issue 2

60-80

EN

Performance measurement of investment managers is a topic of interest to practitioners and academics alike. The traditional performance evaluation literature has attempted to distinguish stock-picking ability (selectivity) from the ability to predict overall market returns (market-timing). However, the literature finds that it is not easy to separate ability into two such dichotomous categories. To overcome these problems multifactor alternative market-timing models have been proposed. The author's recent research provides evidence of strong ARCH effects in the market-timing models of Polish equity open-end mutual funds. For this reason, the main goal of this paper is to present the regression results of the new GARCH(p, q) versions of market-timing models of these funds. We estimate multifactor extensions of classical market-timing models with Fama & French's spread variables SMB and HML, and Carhart's momentum factor WML. We also include lagged values of the market factor as an additional independent variable in the regressions of the models because of the pronounced "Fisher effect" in the case of the main Warsaw Stock Exchange indexes. The market-timing and selectivity abilities of fund managers are evaluated for the period January 2003-December 2010. Our findings suggest that the GARCH(p, q) model is suitable for such applications.

7

Понятия абсолютный/относительный признак в контексте языковой параметризации (на материале русского и болгарского языков)

51%

Петкова-Калева С. Я.

Acta Universitatis Lodziensis. Folia Linguistica Rossica

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2016

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issue 12

69-82

EN

The paper dwells on the semantic category ‘size-dimension’. It focuses on the specifics of the absolute and relatively linguistic size. The linguistic structures interpret the size of the objects from four different kinds of norms: the norm of kind (the average standard in the representation of the size feature), the situational norm, the norm of proportionality and the norm of expectation. Each one of these kinds has its own linguistic representation. The object of description and analysis in the present paper are the exhibit structures reflecting the size with respect to the situational norm in Russian and Bulgarian languages.

RU

В статье рассматриваются проблемы языковой интерпретации категории размера. В фокус внимания ставятся понятия абсолютный/относительный признак. В качестве форм абсолютной параметризации рассматриваются языковые и речевые единицы, порождающие в индивидуальном сознании одно и то же (и именно в этом смысле абсолютное) представление об объективных физических параметрах предмета (процесса). В рамках относительной параметризации выделяются нормативный и ненормативный аспекты. Нормативный аспект параметризации связывается с соотнесением размерного признака с четырьмя разновидностями норм: нормой вида (среднестатистического стандарта), нормой ожидания, ситуативной (модальной) нормой и нормой пропорций. К формам выражения относительного определения размера, выходящего за рамки нормативной оценки относятся языковые дескрипции, интерпретирующие размер с точки зрения соотношения в представлении признака у различных носителей и с точки зрения его динамики во времени. Более подробно, на материале русского и болгарского языков, рассматриваются экспонентные структуры, связанные с обозначением ситуативной (модальной) нормы.

8

Apple consumers’ preferences on the example of the Poznań University of Life Sciences students

51%

Kierczyńska S.

Journal of Agribusiness and Rural Development

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2013

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issue 4(30)

EN

The aim of this paper was to present the preferences of apple consumers (students) concerned on the functional and sensory apples’ quality features: the apple cultivar and taste, skin colour, fruit size and fruit firmness. The survey data were collected in the years 2009 and 2011 among 265 and 208 students of the Poznan University of Life Sciences. The respondents completed the survey questionnaires in presence of the researcher. The respondents could choose no more than three of the listed apple cultivars. Furthermore the respondents could choose one answer from each list of the preferable apples quality features (taste, skin colour, fruit size and firmness of flesh). The most preferred apple cultivars were: Lobo, Jonagold, Szampion, Golden Delicious and Cortland. The percentage of students whose did not know the name of the apple cultivar they consumed was high and it amounted to 17% in 2009 and 24% in 2011. Students preferred sweet-winy taste of apples, the red colour of fruit skin, with blush, the fruits of medium size and tough. The colour of apple skin was the least important quality feature – it did not matter for more than 1/3 of respondents, mainly males. The differences between males and females students appeared in taste of apple fruits and firmness of flesh. The sour taste of apples was preferred by relatively more males than females and for bigger percentage of males the taste of fruits was not important. More females preferred sweet and very sweet apples and tough.

PL

Celem pracy było przedstawienie preferencji konsumentów jabłek (studentów) w zakresie funkcjonalnych oraz sensorycznych cech jakościowych jabłek, takich jak: odmiana oraz smak, kolor skórki, wielkość owocu i twardość miąższu. Podstawą analizy były wyniki badań ankietowych przeprowadzonych wśród studentów Uniwersytetu Przyrodniczego w Poznaniu w dwóch okresach: w 2009 roku (265 ankiet) oraz w 2011 roku (208 ankiet). Respondenci wypełniali ankietę w obecności osoby przeprowadzającej badanie. Studenci mogli wybrać maksymalnie trzy spośród wymienionych odmian jabłek lub jedną z odpowiedzi: „Nie wiem”, „Nie ma znaczenia”, „Nie jadam jabłek”, „Inne” i wpisać swoją propozycję. Ponadto respondenci mogli wybrać jedną odpowiedź z każdej listy dotyczącej preferencji w zakresie cech jakościowych jabłek (smaku, koloru skórki, wielkości owocu i twardości miąższu). Ulubionymi odmianami jabłek były: Lobo, Jonagold, Szampion, Golden Delicious i Cortland. Odsetek studentów, którzy nie znali nazwy ulubionych odmian jabłek był wysoki i wynosił 17% w 2009 roku oraz 24% w 2011 roku. Większość studentów preferowała słodko-winny smak jabłek, owoce koloru czerwonego, z rumieńcem, średniej wielkości oraz twarde. Cechą, która nie miała znaczenia dla relatywnie największego odsetka ankietowanych (ponad 1/3 ankietowanych), był kolor skórki. Różnice w preferencjach pomiędzy mężczyznami a kobietami pojawiły się w przypadku smaku jabłek oraz twardości miąższu. Kwaśny smak jabłek preferowało relatywnie więcej badanych mężczyzn, a dla większości z nich smak nie miał znaczenia. Więcej kobiet lubiło jabłka słodkie, bardzo słodkie oraz twarde.

9

Hybrydowa struktura organizacyjna z perspektywy paradoksu eksploracji i eksploatacji

51%

Zakrzewska-Bielawska A., Flaszewska S.

Studia i Prace Kolegium Zarządzania i Finansów

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2022

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issue 183

99-111

EN

Paradoxes are ubiquitous in modern management. One example is the paradox of exploration and exploitation. In order to successfully implement both of these activities, enterprises need appropriate organisational structures that combine features from various organisational solutions. Therefore, they need hybrid structures. The paper’s goal is to identify and evaluate the organisational structures of companies operating in Poland from the perspective of the ambidextrous strategy, taking into account the age, size, and organisational life cycle. Based on the research conducted on the sample of 363 companies, it was found that hybrid organisational structures including strong structural differentiation and formal coordination mechanisms characterise larger and older companies that carry out exploration and exploitation activities simultaneously.

PL

Paradoksy są wszechobecne we współczesnym zarządzaniu organizacjami, a jednym z nich jest paradoks eksploracji i eksploatacji. Chcąc realizować z powodzeniem obie te aktywności, przedsiębiorstwa potrzebują odpowiednich struktur łączących cechy z różnych modelowych rozwiązań. Potrzebują zatem struktur hybrydowych. Celem artykułu jest identyfikacja i ocena struktur organizacyjnych przedsiębiorstw funkcjonujących w Polsce z perspektywy realizacji strategii oburęcznej i przy uwzględnieniu wieku, wielkości oraz fazy rozwoju przedsiębiorstwa. Na podstawie badań przeprowadzonych na próbie 363 firm stwierdzono, że hybrydowe rozwiązania organizacyjne oparte na silnej strukturalnej dyferencjacji oraz towarzyszących jej formalnych mechanizmach koordynacji charakteryzują firmy większe i starsze, które realizują działania eksploracyjne i eksploatacyjne w sposób symultaniczny.

10

Does bank size affect the value relevance of accounting data? The evidence from Poland

51%

Bolibok P.

Finanse

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2018

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issue 1

11

Особенности миграционной политики России в 1990 гг.

45%

Morozov S.

Path of Science

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2016

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vol. 2

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issue 7(12)

2.1-2.11

RU

В статье рассматриваются основные направления миграционной политики России после распада СССР. Выполнен анализ динамики размещения беженцев и вынужденных переселенцев на территории России.

EN

The article considers the main directions of Russia migration policy after the Soviet Union collapse. The analysis of the dynamics of the accommodation of refugees and internally displaced people on the territory of Russia is made.

Refine search results

Patnáct let studií komunálních voleb

Does bank size affect the value relevance of accounting data? The evidence from Poland

A Model of Firm Growth

Extended Enders and Siklos test for threshold cointegration

The Relations Between Momentum, Value Size, And Liquidity Factors And Stock Returns On The Polish Market

Arch Effects in Multifactor Market-Timing Models of Polish Mutual Funds

Понятия абсолютный/относительный признак в контексте языковой параметризации (на материале русского и болгарского языков)

Apple consumers’ preferences on the example of the Poznań University of Life Sciences students

Hybrydowa struktura organizacyjna z perspektywy paradoksu eksploracji i eksploatacji

Does bank size affect the value relevance of accounting data? The evidence from Poland

Особенности миграционной политики России в 1990 гг.