We identified 4500 US stocks with year ending losses of 50 percent or more during the 2001-2011 period. We screened our "falling knives" for financial strength to promote a greater likelihood of recovery and minimize any survivorship bias. We added the constraints of Altman Z-Scores, debt/equity...

The paper presents the new approach to optimizing automatic transactional systems. We propose the multi-stage technique which enables us to find investment strategies beating the market. Additionally, new measures of combined risk and returns are applied in the process of optimization. Moreover,...

This study presents the results of an experiment on spatial differentiation of products in Hotelling-type models with different grades of complexity for companies’ choices of space. Three models were compared, including models with a single decision variable (single-dimensional space with...

We present a class of decomposable inequality indices for ordinal data (e.g. self-reported health survey). It is characterized by well-known inequality axioms (e.g. scale invariance) and a decomposability axiom which states that an index can be represented as a function of inequality values in...

In this paper we present the results of multidimensional poverty analysis in five Polish gminas: Zgierz, Gliwice, Gostyń, Małogoszcz and Manowo. Income and educational attainment are two dimensions of well-being we consider. The analysis is based on the concept of stochastic dominance known in...

Matched sampling is a methodology used to estimate treatment effects. A caliper mechanism is used to achieve better similarity among matched pairs. We investigate finite sample properties of matching with calipers and propose a slight modification to the existing mechanism. The simulation study...

Nowadays we observe a consensus in the development literature that the quality of governance matters for economic development. Therefore, many postulate the implementation of good governance principle, however, that very idea is not well defined and conceptualized. This paper offers some...

This paper empirically investigates the impact of GDP volatility on current account balances for a large sample of developed and developing countries. We extend the standard set of short- and long-term determinants of current accounts to include GDP volatility computed from the annual growth...

In this paper the application of several option pricing models has been tested on the basis of options traded on the Warsaw Stock Exchange. At first, theoretical option prices have been calculated according to the models chosen. Next, the models have been tested by comparing their option prices...

The purpose of this paper is to explore, with the use of quantitative methods, the relationship between FDI and social development at a firm level. The study focused on obstacles to businesses associated with social development as perceived by companies with foreign capital in Central and...