Journals UITM University of Information Technology and Management
Not a member yet
1100 research outputs found
Sort by
USING THE VALUE AT RISK METHOD IN ESTIMATION OF INVESTMENT RISK IN THE METALLURGICAL SECTOR COMPANIES
Get PDFThe aim of this paper is to analyze the merits of using the Value At Risk method in estimating the risk associated with investments in metallurgical sector companies. The paper presents how to construct the model, various methods of its estimation and their advantages and disadvantages. In the research part of the paper, we analyze typical features of the returns distribution characteristic for metallurgical companies listed on the Polish stock exchange, and on their basis we select the method of the Value at Risk estimation. The analysis was made by comparing individual metallurgical companies to the Warsaw Stock Exchange Index (WIG). We also evaluated the usefulness of the variance-covariance method by examining the number of exceedances of the designated value exposed at the assumed levels of significance
THE SPECULATION BUBBLE ON THE REAL ESTATE MARKET IN THE USA IN VIEW OF SELECTED OVERINVESTMENT THEORIES
Get PDFThis paper offers a specific analysis of speculation bubbles in the economic history of the world, and then tries to identify the causes and effects of the speculation bubble on the real estate market in the USA, which was the main cause of the subprime crisis. The first part of the paper aims at defining the phenomenon of economic fluctuations and speculation bubble and presenting the most popular theories of overinvestment, which emphasize the importance of speculation phenomenon. The next part of the article describes direct causes of subprime crisis. Special attention has been paid to the processes taking place on the real estate market in the USA in the past fifteen years. The final section of the paper is a synthesis of theorems by the economists of Austrian School and Hyman Minsky, and then confronting them with real processes in the US economy in recent years
PRIVATE EQUITY IN INNOVATIVE SME FINANCING
No full textThe article contains the presentation of the statistical analysis results which enable to confirm the thesis that the economy is driven by innovations. Among the factors having impact for the innovativeness level are private equity investments in early stage innovations. Using the European Innovations Soreboard data relating 34 European countries strong relations between the investments and the level of innovativeness were shown. Empirical evidence shows that the law Poland’s innovativeness level is caused by rare usage of private equity financing by SME sector. As the entrepreneurs do not know the source of finance they do not introduce radical investments which are the most precious ones for the dynamic progress of economies. Unacquaintance with this financial instrument is very serious barrier constraining the development of polish SME sector
NADPŁYNNOŚĆ KRAJOWEGO SEKTORA BANKÓW KOMERCYJNYCH W ROLI CZYNNIKA ZAKŁÓCAJĄCEGO TRANSMISJĘ IMPULSÓW POLITYKI PIENIĘŻNEJ DO SFERY REALNEJ
Get PDFOPEN-PRODUCT ARCHITECTURE INSPIRUJĄCA KONCEPCJA OFEROWANIA PRODUKTÓW I USŁUG FINANSOWYCH
Get PDFNa współczesnym rynku finansowym można dostrzec wiele przejawów gwałtownych przemian. Wprowadzane są nowe rozwiązania, które mają na celu podniesienie efektywności funkcjonowania instytucji finansowej. Należy takie rozwiązania identyfikować, poddawać analizie oraz prezentować. Jednym z takich rozwiązań jest z pewnością koncepcja open-product architecture. W bankowości stale rozszerzany jest zestaw produktów i usług finansowych, które oferowane są klientowi. W zakresie bankowej obsługi osób fizycznych naj-bardziej zaawansowaną ofertą dysponuje oczywiście private banking (polskie określenia: bankowość prywatna lub bankowa obsługa zamożnych klientów indywidualnych). Ze względu na istotną różnorodność produktów i usług, właśnie w private banking daje się zaobserwować interesujące rozwiązania, które mogą stanowić pewną inspirację dla pozostałych rodzajów działalności bankowej, a na-wet finansowej, w zakresie oferowania klientom produktów i usług
STRUKTURA DOCHODÓW W SAMORZĄDZIE GMINNYM NA PODSTAWIE REGULACJI WPROWADZANYCH USTAWĄ Z 13 LISTOPADA 2003 R. O DOCHODACH JEDNOSTEK SAMORZĄDU TERYTORIALNEGO
Get PDFTHE IMPACT OF WEBSITE PERFORMANCE ON BUSINESS SALES
Get PDFIn this study, we aimed to investigate the financial implications of website performance on restaurant visitor traffic. It is crucial to address the current challenges faced by the restaurant industry, such as decreasing diner numbers due to rising prices, which can have a negative impact on the financial results of companies. Recognizing the significance of maximizing profitability, especially for small businesses operating in a highly competitive industry, we sought to explore the potential of website performance as a driver of increased visitor traffic and daily menu sales. We conducted a two-month field experiment in which we measured morning website visits and daily lunch menu sales for a restaurant with a slower website and one with a quicker website. However, we did not find any statistically significant increase in visits to the restaurant as a result of improving the website\'s speed. The restaurant industry is highly competitive, and small businesses in particular need to carefully consider how to allocate their resources in order to maximize profitability. The results of our study suggest that investing in website redesign as a means of increasing visitor traffic may not be the most effective tactic for small restaurants. Our research highlights the importance of conducting experiments and gathering data to inform decision making, as it can help small businesses in the restaurant industry to make more informed choices about how to allocate their resources
Society’s well-being and firm profitability
Get PDFThe aim of the study is to examine the impact of society\'s economic well-being determinants – above and beyond the firm-specific and macroeconomic determinants – on firm profitability in Poland. Based on stakeholder theory we hypothesized that the economic well-being of society can influence firm performance. Therefore, we included real wage and salary growth, internal migration, international migration, and natural increase variables in the regression models. We applied four models with different sets of variables using pooled ordinary least square regression, as well as fixed and random effects regressions with robust standard errors clustered at the firm level. The dataset covers the period from 2004 to 2021, comprising 5400 firm-year observations from Poland in the wholesale and retail trade sector. We found that firm profitability generally increases with higher inflation and exchange rate depreciation. Moreover, in models including society\'s economic well-being variables, GDP growth is no longer a significant determinant of firm profitability. Most importantly, the study demonstrates a positive relationship between real wage and salary growth and firm profitability. We also found that international migration is negatively associated with firm profitability. Regarding natural increase, the study suggests that it has a positive effect on return on equity, but not on return on assets