441. |
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2005 |
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Krawczyk E. Zastosowanie metody kowariancji do określenia ryzyka na rynku nieruchomości komercyjnych
Autor | Ewa Krawczyk |
Tytuł | Zastosowanie metody kowariancji do określenia ryzyka na rynku nieruchomości komercyjnych |
Title | Application of Covariance Method for Risk Assessing on the Commercial Real Estate Market |
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Abstract | The Value at Risk model allows answering the base question asked by investor. How much money could be lost with given financial resources involved into given project, in fixed time and fixed risk preference The covariance method used to estimate VaR is static model, but analytic manner of computing allows, after essential analysis, to determine value at risk relatively clearly and quickly. Presented attempt of initiating tool to analyzing quantified risk of investment on real estate market, specialized for capital market, gives observations: a) in the situation of significant growth of investments on real estate market, financed mainly by banking institutions, there is necessity to work out risk models for this market segment, allowing to limit excessive losses caused by too optimistic prices and inappropriate calculations of the effectiveness of the investment, b) well known and used risk models for capital market are basics for connection the both market segments - capital and real - and empirical verification, including investing projects, c) VaR model can be used for determining quantified risk of an investing project, characterized by profitability ratio Net Present Value, but received results should be treated with limited confidence. |
Cytowanie | Krawczyk E. (2005) Zastosowanie metody kowariancji do określenia ryzyka na rynku nieruchomości komercyjnych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 55: 127-148 |
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Pełny tekst | EIOGZ_2005_n55_s127.pdf |
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442. |
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2004 |
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Zawojska A. Biurokracja a wzrost gospodarczy kraju
Autor | Aldona Zawojska |
Tytuł | Biurokracja a wzrost gospodarczy kraju |
Title | Bureaucracy and Country's Economic Growth |
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Abstract | The objective of this paper is to show that the type of state bureaucracy is a key determinant of the country' s economic growth. In its theoretical part, the paper reviews the scientific literature that addresses the impact of the state organisation and quality of governance on economic growth and development: In the second part, the author empirically examines a quantitative relationship between macroeconomic performance in Poland over the 1995-2002 period and such bureaucracy characteristics as employment in public administration, defence and compulsory social security as well as the average remunerations in this section. The findings indicate that the country's economic growth rate and its GDP per capita are directly correlated to the level of employment and wages in public administration sector. According to simple linear regression analysis, both an increase in the number of public bureaucrats and the level of their wages adversely affect the rate of economic growth. |
Cytowanie | Zawojska A. (2004) Biurokracja a wzrost gospodarczy kraju.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 52: 17-32 |
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Pełny tekst | EIOGZ_2004_n52_s17.pdf |
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443. |
Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, 2004 |
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Wyrzykowska B. Rodzaje powiązań integracyjnych w agrobiznesie
Autor | Barbara Wyrzykowska |
Tytuł | Rodzaje powiązań integracyjnych w agrobiznesie |
Title | The Types of Integration Connections in Agrobusiness |
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Abstract | Common actions play the rising role in today' s world. The integration processes on an international scale influence on the integration processes between branches of agriculture and food processing industry on the country or region scale. There are distinguished two main types of integration: vertical and horizontal; sometimes it is said about diagonal (or cross) integration. It is also said about complete and indirect integration. The best possibilities of development both of the main integration forms exist in an agrobusiness. The agrobusiness is the part of the traditional economy and includes all of the elements necessary to the food producing and delivering to consumers. |
Cytowanie | Wyrzykowska B. (2004) Rodzaje powiązań integracyjnych w agrobiznesie.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 53: 57-76 |
HTML | wersja html |
Pełny tekst | EIOGZ_2004_n53_s57.pdf |
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