Przeglądaj Applied Econometrics Papers według daty wydania
Wyświetlanie pozycji 1-20 z 35
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Financial distress of companies in Poland
(2004)The study examines main determinants of financial distress of companies in Poland during the recent transformation period. The data compose a sample of 1995-97 annual financial statements of 200 unlisted companies in Poland. ... -
New bankruptcy prediction models for Polish companies
(2005-05-22)New logit models for predicting bankruptcy of Polish companies are presented. Major features of these approaches are: (1) selection of appropriate companies to the sample as the key step of the research, (2) well defined ... -
Reaction functions of the Polish central bankers. A logit approach
(2005-05-22)Paper presents the analysis of individual reactions functions of Polish Monetary Policy Council (MPC) members in the years 2004–2005. In the period under study the Polish central bank (National Bank of Poland) used the ... -
Money and prices in the Polish economy. Seasonal cointegration approach
(2005-05-22)The paper presents the analysis of the long run causality behaviour between money and prices in the Polish economy during the transition period. The study makes use of the monetary inflation model known as the P-star model, ... -
Corporate governance and financial performance of companies in Poland
(2005-05-22)The research presented in the paper is aimed at examining the relationship between the level of corporate governance and the financial performance of listed companies in Poland. The corporate governance degree is expressed ... -
Application of fundamental multiples in capital asset pricing. An empirical verification on the Polish market (1998-2004)
(2006-05-22)The aim of the paper is the empirical verification of fundamental multiples as capital asset pricing tools for the companies listed on Warsaw Stock Exchange. Three multiples are examined: earnings to price, operating cash ... -
Rationality of expectations: comparison of neoclassical and evolutionary approaches
(2006-05-22)Paper compares two major schools of economic thought – neoclassical and evolutionary – from the perspective of keystone assumption: rationality of economic agents. It discusses role of rationality assumption in neoclassical ... -
Fundamentals and stock returns on the Warsaw Stock Exchange. The application of panel data models
(2006-05-22)This study examines the relationship between the future stock returns and the fundamental indices for companies listed on the Warsaw Stock Exchange in Poland. The fundamental exogenous variables were constructed following ... -
Estimating liquidity using information on the multivariate trading process
(2006-05-22)In this paper we model the dynamic multivariate density of discrete bid and ask quote changes and their associated depths. We account for the contempo- raneous relationship between these trading marks by exploiting the ... -
Testing rationality of price expectations on the basis of contingency tables
(2007-05-22)A method of analyzing rationality of expectations of economic agents, based on contingency tables, is applied to price expectations of Polish industrial enterprises. The source of data are surveys designed by the Economic ... -
Decomposition of the realized rate of return on investment in fixed-income securities
(2007-05-22)Paper presents decomposition of the realized rate of return on investment in fixed-income securities in order to identify the income/risk sources. The decomposition is accomplished applying the concept of factorization and ... -
Corporate governance ratings and the performance of listed companies in Poland
(2007-05-22)Recent ratings of corporate governance for the companies listed on Warsaw Stock Exchange are presented: the Polish Corporate Governance Forum (PFCG) ratings and Polish Institute of Directors (PID) ratings. The association ... -
Knowledge capital and total factor productivity
(2007-05-22)Development of “new economies” leading to economies mostly based on knowledge implies the construction of new long-term macroeconometric models. They should incorporate the impacts of new technologies being endogenized, ... -
Bayesian analysis of growth using stochastic frontier model
(2008-01-01)We employ Bayesian approach to the analysis of economic growth in Poland. The results of estimation of a stochastic frontier model applied to production function of Polish voivodships in 2000 - 2004 are presented. Stochastic ... -
Forecasting inflation with dynamic factor model – the case of Poland
(2008-02-24)The purpose of the article is to evaluate the forecasting performance of dynamic factor models in forecasting inflation in the Polish economy. The factor models are based on the assumption that the behavior of most ... -
Nonlinear dynamics of a duopoly game with adjusting, heterogeneous players, facing increasing marginal costs
(2008-03-25)A repeated, discrete time, nonlinear Cournot duopoly game with adjusting heterogeneous players, i.e. bounded rational and adaptive, is subject of investigation. The game is modeled by a system of two nonlinear difference ... -
Larger crises cost more: impact of banking sector instability on output growth
(2008-03-25)We propose a method for calculating the macroeconomic costs of banking crises that controls for the downward impact of recessions on banking activity. In contrast to earlier research, we estimate the cost of crises based ... -
Support vector machines with two support vectors
(2009-05-01)In this article we present a new class of support vector machines for binary classification task. Our support vector machines are constructed using only two support vectors and have very low Vapnik-Chervonenkis dimension, ... -
Factors influencing tenure choice in European countries
(2009-05-01)Homeownership rates are very different across European countries. They range from below 50% in Germany to over 80% in Greece, Spain or Ireland. However the differences lie not only in the overall homeownership rates but ... -
Estimating pure inflation in the Polish economy
(2009-06-28)This paper uses a restricted factor model to estimate the HICP index excluding relative prices changes. The index thus obtained, hereinafter referred to as pure inflation, demonstrates stronger relationship to the central ...
