Mustafa Özgün Atalay, Nihan Birincioğlu, Taner Acuner
{"title":"Effect of perceived organizational support and organizational trust on young academics’ organizational commitment","authors":"Mustafa Özgün Atalay, Nihan Birincioğlu, Taner Acuner","doi":"10.15611/aoe.2022.1.09","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.09","url":null,"abstract":"","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085168","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"A dynamic approach to relative taxonomy in the assessment of changes in the social cohesion of polish provinces in 2010-2018","authors":"Marek Walesiak, G. Dehnel","doi":"10.15611/aoe.2022.1.02","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.02","url":null,"abstract":"","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The effect of immigration on human capital expenditure in Europe: an international analysis","authors":"Tuğay Günel, Akdoğan Gedlik","doi":"10.15611/aoe.2022.1.03","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.03","url":null,"abstract":"","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085069","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Two models of gambling destinations were developed to illustrate how external shocks from tourist origin countries are spread via tourist flows into destinations. Theorising on such mechanisms made it possible to simulate the driving forces behind business cycles and offer a theoretical construct for numerical analysis. It was found that favourable changes in push and pull factors can create a sound environment of lower prices, more tourism and growing income. *
{"title":"Theorising on tourist flows and business cycles in casino cities","authors":"Li Sheng, Yechang Yin, Anning Zhang","doi":"10.15611/aoe.2022.1.08","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.08","url":null,"abstract":"Two models of gambling destinations were developed to illustrate how external shocks from tourist origin countries are spread via tourist flows into destinations. Theorising on such mechanisms made it possible to simulate the driving forces behind business cycles and offer a theoretical construct for numerical analysis. It was found that favourable changes in push and pull factors can create a sound environment of lower prices, more tourism and growing income. *","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085135","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Multifactor asset pricing models evolved at an accelerated pace in the past few years after the publication of the Fama and French five-factor model. Despite the results from developed markets which arguably make the sixth momentum factor redundant, the authors showed in this study that in an emerging market, e.g. the Warsaw Stock Exchange, the momentum factor (persistence of returns) is still a major asset pricing factor. The data covers the period 2010-2018 on a monthly granularity, during which the Polish stock market was still considered ‘emerging’.
{"title":"A six-factor extension of the Fama-French asset pricing model – the case of the Polish stock market","authors":"Nagy Bálint Zsolt, Dezméri Tünde","doi":"10.15611/aoe.2022.2.01","DOIUrl":"https://doi.org/10.15611/aoe.2022.2.01","url":null,"abstract":"Multifactor asset pricing models evolved at an accelerated pace in the past few years after the publication of the Fama and French five-factor model. Despite the results from developed markets which arguably make the sixth momentum factor redundant, the authors showed in this study that in an emerging market, e.g. the Warsaw Stock Exchange, the momentum factor (persistence of returns) is still a major asset pricing factor. The data covers the period 2010-2018 on a monthly granularity, during which the Polish stock market was still considered ‘emerging’.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085236","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The impact of social media peer communication on customer behaviour – evidence from Romania","authors":"Bogdan Anastasiei, Nicoleta Dospinescu, Octavian Dospinescu","doi":"10.15611/aoe.2022.1.11","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.11","url":null,"abstract":"","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085173","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
An increasing collective trust reduces stress at work in many countries, regardless of national characteristics. The goal of this paper was to investigate whether collective trust is related to occupational stress among bank employees, where 2,279 bank employees were surveyed. Exploratory factor analysis was used to build a collective trust index based on: openness, care, appreciation, common values, honesty/fairness, loyalty, dyadic trust (a direct question about trust), and job security. Cronbach’s alpha allowed to evaluate the quality of the obtained index. The regression then pointed to those aspects of collective trust and metric variables which were relevant to the level of occupational stress. The most important factors which correlate with stress at work were job security, common values and affective commitment. The authors managed to create a stress management model based on collective trust and components of the metrics.
{"title":"Collective trust and stress at work. Evidence from the banking sector","authors":"J. Kaźmierczyk","doi":"10.15611/aoe.2022.2.08","DOIUrl":"https://doi.org/10.15611/aoe.2022.2.08","url":null,"abstract":"An increasing collective trust reduces stress at work in many countries, regardless of national characteristics. The goal of this paper was to investigate whether collective trust is related to occupational stress among bank employees, where 2,279 bank employees were surveyed. Exploratory factor analysis was used to build a collective trust index based on: openness, care, appreciation, common values, honesty/fairness, loyalty, dyadic trust (a direct question about trust), and job security. Cronbach’s alpha allowed to evaluate the quality of the obtained index. The regression then pointed to those aspects of collective trust and metric variables which were relevant to the level of occupational stress. The most important factors which correlate with stress at work were job security, common values and affective commitment. The authors managed to create a stress management model based on collective trust and components of the metrics.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085396","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"Company investments in the context of financial strategies","authors":"Antonín Šmejkal, M. Novotná, T. Volek","doi":"10.15611/aoe.2022.1.07","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.07","url":null,"abstract":"","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085119","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
{"title":"The stickiness of food prices in Poland – online vs. Traditional shops","authors":"K. Jaworski","doi":"10.15611/aoe.2022.1.13","DOIUrl":"https://doi.org/10.15611/aoe.2022.1.13","url":null,"abstract":"","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085192","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
The paper presents a formalised procedure of the identification of financial stability EWI (Early Warning Indicators) for the Polish banking sector, in which a two-step procedure was applied. First, the author used a logit model to estimate of the biggest Polish banks’ probabilities of default (PDs). Next, the calculated individual banks’ PDs were used to prepare aggregated domestic banking system stability. In the last step, employing a set of multivariate Markov-switching models with distributed lags (MMSM-DL), the author applied this measure to identify EWI from the candidate macro, private and public debt, banking sector, financial markets and property prices indicators. The best performing EWI were selected with application of area under the receiver operating characteristic (AUROC) metrics and compared with an output of a popular logistic regression (LR) model. To the best author’s knowledge, this article presents for the first time a fully formalised analytical framework based on the MMSM-DL approach that combines microprudential and macroprudential data for the Polish banks financial stability EWI identification. Moreover, the survey supports the hypothesis that the Polish banking sector is stable with use of a formalised econometric procedure.
{"title":"Forecasting the instability of Polish banks","authors":"Marcin Łupiński","doi":"10.15611/aoe.2022.2.06","DOIUrl":"https://doi.org/10.15611/aoe.2022.2.06","url":null,"abstract":"The paper presents a formalised procedure of the identification of financial stability EWI (Early Warning Indicators) for the Polish banking sector, in which a two-step procedure was applied. First, the author used a logit model to estimate of the biggest Polish banks’ probabilities of default (PDs). Next, the calculated individual banks’ PDs were used to prepare aggregated domestic banking system stability. In the last step, employing a set of multivariate Markov-switching models with distributed lags (MMSM-DL), the author applied this measure to identify EWI from the candidate macro, private and public debt, banking sector, financial markets and property prices indicators. The best performing EWI were selected with application of area under the receiver operating characteristic (AUROC) metrics and compared with an output of a popular logistic regression (LR) model. To the best author’s knowledge, this article presents for the first time a fully formalised analytical framework based on the MMSM-DL approach that combines microprudential and macroprudential data for the Polish banks financial stability EWI identification. Moreover, the survey supports the hypothesis that the Polish banking sector is stable with use of a formalised econometric procedure.","PeriodicalId":43088,"journal":{"name":"Argumenta Oeconomica","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67085342","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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