Informacja

Drogi użytkowniku, aplikacja do prawidłowego działania wymaga obsługi JavaScript. Proszę włącz obsługę JavaScript w Twojej przeglądarce.

Wyszukujesz frazę "Emerging market" wg kryterium: Temat


Tytuł:
ANALYSIS OF SELECTED MARKET BEHAVIOURS IN THE EUROPEAN AND POLISH PRIVATE EQUITY SECTORS IN 2000–2012
Autorzy:
Luciński, Witold
Powiązania:
https://bibliotekanauki.pl/articles/453434.pdf
Data publikacji:
2014
Wydawca:
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Katedra Ekonometrii i Statystyki
Tematy:
private equity
emerging market
correlation
private equity funds
Opis:
The Polish private equity sector is a relatively new segment of the Polish financial market, as it emerged only at the beginning of the 1990s. In terms of capital, it is strongly linked to firms from outside Poland, especially European and American ones. Moreover, international firms are also significant capital donors for private equity funds in Poland. Thus, the question arises as to how these facts influence the market behaviours of Polish private equity funds. The study is based on data from 2000–2012, with Poland compared to the European market.
Źródło:
Metody Ilościowe w Badaniach Ekonomicznych; 2014, 15, 1; 104-112
2082-792X
Pojawia się w:
Metody Ilościowe w Badaniach Ekonomicznych
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Analysis of the relationship between economic forces and abnormal stock return : empirical evidence
Analiza zależności pomiędzy siłami ekonomicznymi a normalnym zwrotem nakładów : dowód empiryczny
Autorzy:
AL-Shubiri, F. N.
Powiązania:
https://bibliotekanauki.pl/articles/405547.pdf
Data publikacji:
2013
Wydawca:
Politechnika Częstochowska
Tematy:
economic force
abnormal stock return
stock market
emerging market
Jordan
siła ekonomiczna
anormalny zwrot nakładów
giełda
Jordania
Opis:
Financial markets plays a vital role in the Jordanian economy organizes its operations in a changing environment, which is working on the transfer of local resources through productive channels next to foreign investment. The goal of this study is to analysis the relationship between economic variables and abnormal returns in Amman stock exchange. This paper used the data of variables such as 50 industrial firms with the period from 2004 to 2012. The results indicate that the, consumer price index , gross fixed capital formation and money supply on index abnormal stock returns is statistically significant and no significant industrial production index and money market interest rate Index and Abnormal returns. The researcher recommends attention to economic variables of the fiscal and monetary policy in the Jordanian economy, which is characterized as a fast-growing so that must be the continuous analysis of market factors and determine the impact on abnormal returns for the shares of companies which strengthens the competitive position of companies in the market.
Rynki finansowe odgrywają istotną rolę w gospodarce Jordanii, organizują swoje działania w ciągle zmieniającym się środowisku, i pracują nad przeniesieniem zasobów lokalnych, poprzez kanały wytwórcze do znajdujących inwestycji zagranicznych. Celem niniejszego artykułu pracy jest analiza relacji między zmiennymi ekonomicznymi i anormalnych zwrotami na giełdzie w Ammanie. W artykule wykorzystane zostały dane zmiennych takich jak 50 firm przemysłowych z okresu od 2004 do 2012. Wyniki wskazują, że indeks cen konsumpcyjnych, nakłady brutto na środki trwałe, a podaż pieniądza na indeksy anormalnych zwrotów akcji, jest istotna statystycznie a niewielkie znaczenie ma wskaźnik produkcji przemysłowej wraz ze stopą procentową indeksu rynku pieniężnego i anormalnych zwrotów. Badacz zwraca uwagę na zmienne ekonomiczne polityki fiskalnej i monetarnej w gospodarce Jordanii, które charakteryzuje się jako szybko rozwijająca, tak ciągła analiza czynników rynkowych, takich jak anormalne zwroty na akcje spółek, które wzmacniają pozycje konkurencyjną przedsiębiorstw na rynku, musi być prowadzona.
Źródło:
Polish Journal of Management Studies; 2013, 8; 7-15
2081-7452
Pojawia się w:
Polish Journal of Management Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Classification of Open-End Investment Funds Using Artificial Neural Networks. The Case of Polish Equity Funds
Autorzy:
Perez, Katarzyna
Szczyt, Małgorzata
Powiązania:
https://bibliotekanauki.pl/articles/1964848.pdf
Data publikacji:
2021-11-07
Wydawca:
Uniwersytet Warszawski. Wydział Nauk Ekonomicznych
Tematy:
open-end investment fund classification
equity funds
artificial neural networks
emerging market
Opis:
In this study we utilise artificial neural networks to classify equity investment funds according to two fundamental risk measures—standard deviation and beta ratio—and to investigate the fund characteristics essential to this classification. Based on a sample of 4,645 monthly observations on 37 equity funds from the largest fund families registered in Poland from December 1995 to March 2018, we allocated funds to one of the classes generated using Multilayer Perceptron (MLP) and Radial Basis Function (RBF). The results of the study confirm the legitimacy of using machine learning as a tool for classifying equity investment funds, though standard deviation turned out to be a better classifier than the beta ratio. In addition to the level of investment risk, the fund classification can be supported by the fund distribution channel, the fund name, age, and size, as well as the current economic situation. We find historical returns (apart from the last-month return) and the net cash flows of the fund to be insignificant for the fund classification.
Źródło:
Central European Economic Journal; 2021, 8, 55; 269-284
2543-6821
Pojawia się w:
Central European Economic Journal
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Commodities’ usefulness in a portfolio context – an empirical study
Autorzy:
Kurach, Radosław
Powiązania:
https://bibliotekanauki.pl/articles/951019.pdf
Data publikacji:
2013
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
commodities
emerging market equities
diversification benefits
Opis:
By adopting the perspective of a US equity investor, in this study we empirically verify the diversification benefits resulting from investing in commodities. We make an assessment for specified commodity groups using the commodity sector indices. In the employed methodology we focus only on the risk characteristic of the analyzed portfolios. Our results indicate that the diversification potential of different commodity groups is highly cross-varying, however, at any time greater than the risk-reduction possibilities offered by Emerging Markets equities.
Źródło:
Financial Sciences. Nauki o Finansach; 2013, 3 (16); 77-88
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Cooperation of High-tech Firms with Public Institutions in Poland: Managerial Perspective
Autorzy:
GOLONKA, Monika
Powiązania:
https://bibliotekanauki.pl/articles/529750.pdf
Data publikacji:
2017
Wydawca:
Wyższa Szkoła Bankowa we Wrocławiu
Tematy:
Emerging market
Public institutions
Universities
Cooperation
High-tech firms
Opis:
This study examines the cooperation between high-technology firms and institutions aimed at supporting the development of enterprises, such as national agencies and public education institutions, in emerging markets. The research uses qualitative research methods—namely, multiple case studies. An empirical analysis was conducted in 26 high-tech enterprises from emerging market: Poland, including hyper-growth organizations. This study explores the support of the institutions as well as cooperation between firms and public institutions from a managerial perspective. The major problems and obstacles that these firms faced are identified, as are ways of coping with them. The research results extend existing studies by providing empirical insights from high-tech firms in one of the emerging markets in Central Europe.
Źródło:
Central and Eastern European Journal of Management and Economics (CEEJME); 2017, No. 1; 49-62
2353-9119
Pojawia się w:
Central and Eastern European Journal of Management and Economics (CEEJME)
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Corporate governance and performance of the financial firms in Bahrain
Ład korporacyjny a wyniki firm finansowych w Bahrain
Autorzy:
Aktan, B.
Turen, S.
Tvaronavičienė, M.
Celik, S.
Alsadeh, H. A.
Powiązania:
https://bibliotekanauki.pl/articles/406241.pdf
Data publikacji:
2018
Wydawca:
Politechnika Częstochowska
Tematy:
corporate governance
firm performance
emerging market
Bahrain
ład korporacyjny
wydajność firmy
rozwijający się rynek
Opis:
The aim of this paper is to explore the relationship between corporate governance and performance of the financial firms in the Kingdom of Bahrain. The study uses annual data of all listed financial firms on the Bahrain Bourse over the period of 2011-2016. The results show that board size, ownership concentration and auditor’s reputation have a positive and significant impact on firms’ return on assets (ROA), whereas the percentage of independent directors and the annual number of board meetings have negative and significant impact on firms’ return on equity (ROE). CEO duality is found to not be an important determinant factor of firms’ performance, as the results suggest that it shows insignificant effect on ROA, ROE and stock returns (SPR). Furthermore, firm’s size and leverage are found to have negative and insignificant relationship with firms’ performance.
Celem artykułu jest zbadanie związku między ładem korporacyjnym a wynikami firm finansowych w Królestwie Bahrajnu. W badaniu wykorzystano roczne dane wszystkich notowanych firm finansowych w Bahrajnie w okresie 2011-2016. Wyniki pokazują, że wielkość zarządu, koncentracja własności i reputacja audytora mają pozytywny i znaczący wpływ na rentowność aktywów przedsiębiorstw (ROA), podczas gdy odsetek niezależnych dyrektorów i roczna liczba posiedzeń zarządu mają negatywny i znaczący wpływ na przedsiębiorstwa z kapitałem własnym (ROE). Dualizm dyrektorów generalnych nie jest istotnym czynnikiem determinującym wydajność firm, ponieważ wyniki sugerują, że ma on niewielki wpływ na ROA, ROE i stopy zwrotu (SPR). Ponadto stwierdzono, że wielkość firmy i jej wpływ mają negatywny i nieistotny związek z jej wydajnością.
Źródło:
Polish Journal of Management Studies; 2018, 17, 1; 39-58
2081-7452
Pojawia się w:
Polish Journal of Management Studies
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
CROSS-SECTIONAL RETURNS FROM DIVERSE PORTFOLIO OF EQUITY INDICES WITH RISK PREMIA EMBEDDED
Autorzy:
Sakowski, Paweł
Ślepaczuk, Robert
Wywiał, Mateusz
Powiązania:
https://bibliotekanauki.pl/articles/453405.pdf
Data publikacji:
2015
Wydawca:
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie. Katedra Ekonometrii i Statystyki
Tematy:
cross-sectional models
asset pricing models
equity risk premium
equity indices
new risk factors
sensitivity analysis
book to market
momentum
market price of risk
emerging and developed equity indices
Opis:
The main purpose of this article is to extend evaluation of classic Fama-French and Carhart model for global equity indices. We intend to check the robustness of models results when used for a wide set of equity indices instead of single stocks for the given country. Such modification enables us to estimate equity risk premium for a single country. However, it requires several amendments to the proposed methodology for single stocks. Our empirical evidence reveals important differences between the conventional models estimated on single stocks, either international or US-only, and models incorporating whole markets. Our novel approach shows that the divergence between indices of the developed countries and those of emerging markets is still persistent. Additionally, research on weekly data for equity indices presents rationale for explanation of equity risk premia differences between variously sorted portfolios.
Źródło:
Metody Ilościowe w Badaniach Ekonomicznych; 2015, 16, 2; 89-101
2082-792X
Pojawia się w:
Metody Ilościowe w Badaniach Ekonomicznych
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Dystans społeczno-ekonomiczny Polski i wybranych krajów rozwijających się do najbardziej rozwiniętych krajów świata
Socio-economic distance of Poland and selected developing countries to the most developed countries in the world
Социально-экономическая дистанция Польши и избранных развивающихся стран в отношении к наиболее развитым странам мира
Autorzy:
Ziemiecki, Jacek
Powiązania:
https://bibliotekanauki.pl/articles/543130.pdf
Data publikacji:
2016-06
Wydawca:
Główny Urząd Statystyczny
Tematy:
światowa baza danych
dystans
lata opóźnienia
kraje najbardziej rozwinięte
kraje wschodzące
skalowanie wielowymiarowe
metoda Harta
czynniki mierzalne
czynniki niemierzalne
database of countries of the World
distance
delayed years
very developed countries
emerging market countries
multidimensional scale
Hart method
measurable factors
immeasurable factors
всемирная база данных
дистанция
годы задержки
наиболее развитые страны
развивающиеся страны
многомерное шкалирование
метод Харта
измеримые факторы
неизмеримые факторы
Opis:
Celem artykułu jest przedstawienie analizy przyczyn dystansu krajów wschodzących wobec najbardziej rozwiniętych krajów świata oraz wniosków dotyczących sposobów zmniejszenia tego dystansu. Do tego celu wykorzystano analizę porównawczą wyników uzyskanych przez uwzględnione w badaniu kraje najbardziej rozwinięte i porównano je z aktualnymi wynikami krajów rozwijających się. W analizie zaprezentowano trzy wymiary porównań, które dotyczą dystansu między krajami najbardziej rozwiniętymi a rozwijającymi się, różnic dystansu między krajami rozwijającymi się oraz różnic dystansu wewnątrz różnych kategorii wskaźników w ramach jednego kraju. W badaniu wykorzystano dane za lata 1990—2013 oraz, jeśli było to możliwe, za lata wcześniejsze.
The aim of the study is to analyze the causes of the distance of emerging countries to the most developed countries in the world as well as proposals on ways to reduce this distance. A comparative analysis of the results obtained by the study was used for this purpose — the actual results obtained in developing countries were compared with the results obtained in the most developed countries. The analysis presents three dimensions of comparisons, which include: the distance between the countries, the most developed and developing countries, Wiadomości Statystyczne nr 6/2016 differences in the gap between developing countries and the gap distance within the different categories of indicators within a single country. The study used data for the years 1990—2013, and if it was possible for earlier years.
Целью статьи является представление анализа причин дистанции развивающихся стран в свете наиболее развитых стран мира, а также представление результатов способов понижения этой дистанции. Для этой цели был использован сравнительный анализ полученных результатов обследования наиболее развитых стран и эти результаты были сопоставлены с последними результатами развивающихся стран. В разработке были представлены три измерения сравнений, которые касаются: дистанции между странами наиболее развитыми и развивающимися, различия в дистанции между странами развивающимися и различия в дистанции внутри разных категорий показателей в рамках одной страны. В обследовании использовались данные за 1990—2013 гг, а также если это было возможным, за предыдущие годы.
Źródło:
Wiadomości Statystyczne. The Polish Statistician; 2016, 6; 86-103
0043-518X
Pojawia się w:
Wiadomości Statystyczne. The Polish Statistician
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Female Consumers’ Involvement in Intentional Non-Sustainable and Unintentional Sustainable Apparel Decisions: An Emerging Market Perspective
Autorzy:
Kempen, Elizabeth
Tobias-Mamina, Rejoice
Strydom, Mariette
Christie, Lorna
Makopo, Mirriam
Powiązania:
https://bibliotekanauki.pl/articles/32306053.pdf
Data publikacji:
2023-01-11
Wydawca:
Uniwersytet Warszawski. Wydawnictwo Naukowe Wydziału Zarządzania
Tematy:
Elaboration Likelihood Model
emerging market
apparel
sustainability
disposal
purchasing behaviour
Opis:
This study is aimed at determining consumers’ sustainable apparel involvement in the purchasing or disposing of apparel in an emerging market context (EMC). Consumers in developed countries show increased interest in sustainable apparel behaviour, contrary to emerging markets such as South Africa, which is indicative of the lowest level of sustainable apparel consumption. An exploratory descriptive qualitative research design was used to determine consumers’ involvement and was facilitated through eleven digitally recorded small focus groups with female apparel shoppers who make use of a custom-made apparel designers. The findings reveal intentional non-sustainable apparel decisions manifest through eco-uninvolved instore purchases and once-off commissioned designer apparel orders. Unintentional sustainable apparel behaviour is characterised by (1) in-store apparel purchases: signifying quality clothing, observed in the material and stitching, resulting in clothing items worn for longer and handed down from generation to generation, sensitivity to the origin of the garment and (2) apparel disposal behaviour such as (a) keeping apparel as cleaning material and repurposing into wearable apparel; (b) permanent disposal through handing down items and (c) temporary disposal through exchanged items. Applying the Elaboration Likelihood Model, it was possible to explain the lack of elaborated involvement in sustainable apparel practices resembling the peripheral route of the model. Unintentional sustainable practices have not been identified in the South African context, indicating the valuable contribution consumers in an emerging market context (EMC) can make if better awareness is created by the government and the retail sector specifically to address intentional non-sustainable purchasing behaviours in future.
Źródło:
Journal of Marketing and Consumer Behaviour in Emerging Markets; 2023, 1(16); 1-21
2449-6634
Pojawia się w:
Journal of Marketing and Consumer Behaviour in Emerging Markets
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Foreign Direct and Portfolio Investment in the Contemporary Globalized World: Should They Be Still Treated Separately?
Autorzy:
Humanicki, Marcin
Kelm, Robert
Olszewski, Krzysztof
Powiązania:
https://bibliotekanauki.pl/articles/2076429.pdf
Data publikacji:
2017
Wydawca:
Polska Akademia Nauk. Czytelnia Czasopism PAN
Tematy:
foreign direct investment
foreign portfolio investment
emerging market economies
econometric modeling
cointegration
Nauki Humanistyczne i Społeczne
Opis:
Foreign direct investment (FDI) and foreign portfolio investment (FPI) have been long considered as independent forms of international capital flows. This paper analyzes the mutual relationship between FDI and FPI and attempts to answer the question whether they complement or substitute for each other from a foreign investor’s point of view. The paper describes the main characteristics of FDI and FPI in terms of their volatility and profitability. We analyze the long-run and short-run relationships between FDI and FPI using vector error correction (VEC) regressions on data for Poland as it is the largest country in Central and Eastern Europe and receives the lion’s share of these two forms of capital in the region. Our investigation suggests that FDI and FPI may be regarded as substitutes. In economically stable periods FDI tends to dominate over FPI but during insecurity and economic distress FPI starts to gain importance
Źródło:
Central European Journal of Economic Modelling and Econometrics; 2017, 2; 115-135
2080-0886
2080-119X
Pojawia się w:
Central European Journal of Economic Modelling and Econometrics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Gospodarki wschodzące w obliczu kryzysu finansowego: duża odporność czy podatność?
Emerging Market Economies in the Face of a Financial Crisis: Resilience or Vulnerability?
Autorzy:
Wojtyna, Andrzej
Powiązania:
https://bibliotekanauki.pl/articles/574580.pdf
Data publikacji:
2010-09-30
Wydawca:
Szkoła Główna Handlowa w Warszawie. Kolegium Analiz Ekonomicznych
Tematy:
vulnerability and resilience to financial crisis
emerging market economies
decoupling hypothesis
global financial flows
Opis:
The paper is concerned with selected aspects oftheoretical and empirical analysis that help better understand the role of factors determining the resilience of medium-developed countries to financial crises. The analysis is made in the context of the latest crisis, which began in highly developed economies. The second part of the paper focuses on some widely disputed issues involving a theoretical explanation of the causes behind the latest crisis. Even though, in the case of emerging market economies, the original causes behind the crisis can be treated as external ones, Wojtyna says, they need to be scrutinized because of the interaction between the financial sector and the real economy. This interaction is similar in both medium-developed and highly developed countries, according to the author. Part 3 focuses on global imbalances and their role in transmitting the crisis to and from medium-developed countries. This trend is linked with the wider problem of the costs and benefits of financial globalization and the decoupling hypothesis debated in the context of business cycles in highly and medium-developed economies. Part 4 discusses the results of empirical studies designed to check the importance of factors determining the resilience of medium-developed countries to the latest crisis. A more detailed evaluation of the resilience of emerging market economies to the latest crisis could be made after anti-crisis measures taken by governments and central banks in highly developed countries cease to influence these countries’ economies, Wojtyna says. Preliminary findings in this area are encouraging for medium-developed countries, he adds. According to the author, changes in macroeconomic policy as well as structural and institutional changes carried out in response to previous crises have significantly reduced medium-developed countries’ vulnerability to global crises.
Źródło:
Gospodarka Narodowa. The Polish Journal of Economics; 2010, 242, 9; 25-45
2300-5238
Pojawia się w:
Gospodarka Narodowa. The Polish Journal of Economics
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
IMPACT OF INDIVIDUAL CULTURAL DIFFERENCES ON TV COMMERCIALS’ EFFECTIVENESS
Autorzy:
Maral, Begüm
Baybars, Miray
Bayraktaroglu, Gül
Powiązania:
https://bibliotekanauki.pl/articles/450478.pdf
Data publikacji:
2010
Wydawca:
Uniwersytet Gdański. Wydawnictwo Uniwersytetu Gdańskiego
Tematy:
Effectiveness
TV Advertisements
Individual Cultural Traits
Emerging Market
Turkey
Opis:
Every nation has its own way of living, traditions, values, and norms. The cultural practices vary among the countries all over the world. The advertisement itself, the messages conveyed and the actors performing in it depend on the cultural characteristics of the country. The development level of the countries may have an impact on the cultural values of individuals; hence on the consumption behavior and marketing applications. Individual cultural differences may call for certain adaptations in the messages, content, and style of the advertisements for a certain target group. Depending on this view, this research tries to analyze the effects of individual differences on the advertising effectiveness in an emerging country, Turkey.. The effectiveness of each advertisement was measured in terms of the persuasiveness and liking. Furthermore, individual cultural differences were analyzed on two dimensions of masculinity and power distance, which were introduced by Hofstede (1983). All the masculinity statements were grouped under one factor whereas power distance statements were grouped under two subdimensions namely “trust for subordinates” and “obedience to authority”. The masculinity scale was found to create significant difference in the effectiveness of the advertisements. However, the power distance did not create any difference between the effectiveness levels. Individual cultural traits did not create any difference in the effectiveness of advertisements except in ads which carry masculine cues (called ‘masculine ads’ throughout the text). If the ad carried masculine cues, then, feminine individuals evaluated effectiveness of masculine ads significantly lower than did the masculine individuals.
Źródło:
International Journal of Emerging and Transition Economies (IJETE); 2010, 3, 2; 225-247
1308-2701
Pojawia się w:
International Journal of Emerging and Transition Economies (IJETE)
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Integrating general and local context-dependent factors into a framework for analysing business sectors in Bottom-of-the-Pyramid emerging markets
Autorzy:
Broeksma, Maaike
Pennink, Bart Jan Willem (Bartjan)
Powiązania:
https://bibliotekanauki.pl/articles/14123926.pdf
Data publikacji:
2021-06-21
Wydawca:
Wyższa Szkoła Bankowa we Wrocławiu
Tematy:
Bottom-of-the-Pyramid (BoP)
multinational enterprises (MNEs)
emerging markets
market entry
business sector analysis
context dependency
Opis:
Abstract: Aim: This paper investigates how a framework for analysing business sectors in emerging markets looks like when taking into account the local context-dependent and general factors of The Bottom-of-the-Pyramid (BoP). The BoP segment in emerging markets represents a major growth potential for firms, including multinational enterprises (MNEs) from developed countries. However, the continued lack of success of MNEs in these markets has shown that generic one-size-fits-all strategies for the BoP are not appropriate as BoP contexts differ between countries. Design / Research methods: The sample that was selected for the research includes two non-governmental organizations (NGOs) related to the BoP and eight managers at MNEs with activities in the BoP have been interviewed in a semi-structured manner to collect rich data. Conclusion / findings: By interviewing eight managers at MNEs with activities in the BoP and two NGOs related to the BoP, an additional analysis, BoP-orientation, and further extensions to the original analyses are being presented. This results in an advanced framework for analysing business sectors in emerging markets. Originality / value of the article: Current frameworks for analysing business sectors in emerging markets do take into account inter-country differences but fail to recognize intra-country differences, which causes them to fall short on their applicability to the BoP. This paper fills the gap how frameworks for analysing business sectors in emerging markets can be made applicable for the BoP by taking into account both the local context-dependent and general factors of a BoP-market to analyse it for opportunities, threats, and eventually and strategic entry mode.
Źródło:
Central European Review of Economics and Management; 2021, 5, 2; 85-118
2543-9472
Pojawia się w:
Central European Review of Economics and Management
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Interdependence of sentiment indicators − a case of the Polish OTC market
Autorzy:
Jaworski, Piotr
Mielus, Piotr
Powiązania:
https://bibliotekanauki.pl/articles/949757.pdf
Data publikacji:
2017
Wydawca:
Wydawnictwo Uniwersytetu Ekonomicznego we Wrocławiu
Tematy:
emerging markets
market sentiment
cointegration analysis
Opis:
Prices observed on emerging markets are affected by market sentiment changes. The article presents an interdependence analysis of a chosen set of sentiment indicators observed on the Polish OTC market. The set contains both interest rate market (basis swap, asset swap, convergence swap, overnight index swap), foreign exchange market (ATM volatility, risk reversal) and equity market (WIG20). The analysis is focused on cointegration and Granger causality approach in order to present forecasting power of elaborated models. Evidence from the market reveals economic link between the time series that comes from the strong influence of the cross-border trading between non-residents and local market makers. High responsiveness of daily prices of OTC instruments to the changes of the market sentiment and a level of the risk aversion can be proven. Moreover, error correction model using foreign exchange options has practical forecasting power generating adequate trading decisions taken by market makers
Źródło:
Financial Sciences. Nauki o Finansach; 2017, 2(31); 31-43
2080-5993
2449-9811
Pojawia się w:
Financial Sciences. Nauki o Finansach
Dostawca treści:
Biblioteka Nauki
Artykuł
Tytuł:
Is acting on emerging markets environment a challenge of the unknown? The answer from complexity theory perspective
Autorzy:
Dziubińska, Agnieszka
Powiązania:
https://bibliotekanauki.pl/articles/1873247.pdf
Data publikacji:
2021
Wydawca:
Politechnika Śląska. Wydawnictwo Politechniki Śląskiej
Tematy:
unpredictability
emerging market
CAS
nieprzewidywalność
rynki wschodzące
Opis:
Purpose: The contemporary environment imposes tensions, which result in growing unpredictability, on companies. This makes it difficult to rely on traditional forms of organization and strategies based on the rational decision-making model. The aim of the author’s own research was to identify the ways of adaptation of enterprises to the conditions of emerging markets, which are defined as a business environment of high uncertainty. Design/methodology/approach: A single case study was used in the research. The enterprise selected for the research is a good example of the studied phenomenon, which also made convenient access to data in longitudinal studies possible. The obtained results were confronted with the literature on the subject in the field of CAS. Findings: The case of the enterprise selected for the study belongs to a group of independent SMEs that can compete against the largest players in the industry. The results of the study indicated that it was possible due to similar mechanisms existing on various levels of the analysis. These include making decisions based on the patterns derived from personal experience; high adaptability resulting from the required diversity, which, at the same time, makes effectiveness more important than efficiency; lack of a clear strategy, and instead the ability to deal with initial conditions and monitoring the emergence of patterns; openness to experimentation, and individual assessments and measures. Research limitations/implications: The limitations of the obtained results may result from a limited test sample. Originality/value: The theoretical perspective adopted in the research - CAS and the empirical dimension – emerging markets, constitute a relatively little explored alternative to research conducted in their mainstream. The obtained research results may be of interest to representatives of science and practice, especially with regard to the current crisis caused by the Covid-19 pandemic.
Źródło:
Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska; 2021, 150; 17-28
1641-3466
Pojawia się w:
Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
Dostawca treści:
Biblioteka Nauki
Artykuł

Ta witryna wykorzystuje pliki cookies do przechowywania informacji na Twoim komputerze. Pliki cookies stosujemy w celu świadczenia usług na najwyższym poziomie, w tym w sposób dostosowany do indywidualnych potrzeb. Korzystanie z witryny bez zmiany ustawień dotyczących cookies oznacza, że będą one zamieszczane w Twoim komputerze. W każdym momencie możesz dokonać zmiany ustawień dotyczących cookies