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 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 ...

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 ...

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, ...

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 ...

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 ...

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 ...

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, ...

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 ...

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 ...