Ryszard Kokoszczynski – författare
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3 produkter
3 produkter
Del 1 - Polish Studies in Economics
Employee Stock Options, Payout Policy, and Stock Returns
Shareholders and Optionholders in Large U.S. Technology Corporations
Inbunden, Engelska, 2012
282 kr
Tillfälligt slut
The book investigates empirically mechanisms behind the recent widespread use of employee stock options and share repurchases in corporate financial management. Exploring through econometric models a sample of large U.S. technology corporations in the period between 1997 and 2005, it documents complex links between stock option plans, payout policy and other key financial characteristics of these firms. The models highlight the interplay between the interests of long-term shareholders, optionholders and speculative investors and provide estimates of joint effects of option dynamics and repurchases on stock returns, undervaluation and option plans on payout policy as well as risk taking and revenue growth on payoffs to shareholders and optionholders.
Del 4 - Polish Studies in Economics
Volatility as an Asset Class
Obvious Benefits and Hidden Risks
Häftad, Engelska, 2015
663 kr
Skickas inom 5-8 vardagar
Volatility derivatives are an important group of financial instruments and their list is much longer than volatility index futures and options. This book reviews methods used for measurement, estimation and forecasting volatility and presents major classes of volatility derivatives and their possible applications in investment strategies and portfolio optimization. Since volatility is not constant, its term structure and the phenomenon of the volatility risk premium are discussed in view of the permanently instable relation between realized and implied volatility. The study proposes a method to use this information in the process of forecasting future values of volatility.
Del 9 - Polish Studies in Economics
Going Local? Linking and Integrating Second-Home Owners with the Community’s Economy
A comparative study between Finnish and Polish second-home owners
Inbunden, Engelska, 2018
807 kr
Skickas inom 5-8 vardagar
This book analyses how deeply Finnish and Polish second-home owners are integrated into the community’s economy. It evaluates second homes considered as a dynamically growing constituent of rural landscape in Europe. The author examines what the key drivers of the consumer’s behaviour are, and what the impact of their spending is on the local economy. He utilizes a variety of analytical methods, i.e. classification trees, cluster analysis, regression models, Engel curves and statistical tests. His analysis is nested in microeconomic and consumer theories, tourism and rural studies. The research findings lead to the general conclusion on the consumption convergence that despite contrasting cultural, social and economic backgrounds as well as clear differences in the second home functioning, Finnish and Polish second-home owners are similar to a large extent, in terms of consumer behaviour.«The monograph is well positioned at the outset with respect to rural social and economic change. This is a solid piece of research that significantly furthers the understanding of economic linkage of second homes in Poland and Finland, and should be valued for its potential contributions to policy and regional development.»«Professor C. Michael Hall, University of Canterbury»«The book comprises a thorough investigation of the economic relationship between second homes and rural areas at the local level. The study, for the first time, provides a detailed analysis of informal purchasing in the context of second homes. This significant finding should be taken seriously by rural developers and policy makers in both countries.»«PhD, Kati Pitkänen, Finnish Environmental Institute»«This work is very useful in empirical, descriptive, analytical, methodological and practical terms. The monograph provides comprehensive and detailed characteristics of the widespread second-home phenomenon in two European countries as well as the assessment of its impact on the local, mostly rural, economy.»«Professor Jerzy Wilkin, Institute of Rural and Agricultural Development, Polish Academy of Sciences»