Małgorzata Iwanicz-Drozdowska

Prof. Małgorzata Iwanicz-Drozdowska

SGH Warsaw School of Economics
orcid

Research Focus & Metrics

Academic Career Length

13Years (2014-Present)

(Calculated once Scilit publication data is synced: current year − year of first publication + 1)

Representative Publications

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5 April 2016 in Journal of International Financial Management & Accounting
Verified
Journal Article
Closed access
PDF file
EAEdward I. Altman
Edward I. Altman
Małgorzata Iwanicz-DrozdowskaMałgorzata Iwanicz-Drozdowska
Małgorzata Iwanicz-Drozdowska
ELErkki K. Laitinen
Erkki K. Laitinen
ASArto Suvas
Arto Suvas

1 August 2021 in Journal of Financial Stability
Verified
Journal Article
Closed access
Małgorzata Iwanicz-DrozdowskaMałgorzata Iwanicz-Drozdowska
Małgorzata Iwanicz-Drozdowska
KRKarol Rogowicz
Karol Rogowicz
ŁKŁukasz Kurowski
Łukasz Kurowski
Paweł SmagaPaweł Smaga
Paweł Smaga

27 February 2020 in Applied Economics
Verified
Journal Article
Closed access
EAEdward I. Altman
Edward I. Altman
Małgorzata Iwanicz-DrozdowskaMałgorzata Iwanicz-Drozdowska
Małgorzata Iwanicz-Drozdowska
ELErkki K. Laitinen
Erkki K. Laitinen
ASArto Suvas
Arto Suvas
This study compares the accuracy and efficiency of five different estimation methods for predicting financial distress of small and medium-sized enterprises. We apply different methods for a large set of financial and non-financial variables, using filter and wrapper selection, to predict bankruptcy up to 10 years before the event in an open, European economy. Our findings show that logistic regression and neural networks are superior to other approaches. We document how the cost-return ratio considerably affects the location of optimal cut-off points and attainable profit in credit decisions. Once a loan provider selects a particular prediction model, an effort should be made to find the optimal cut-off score to maximize the efficiency of the technique. Indeed, this often involves determining several cut-off levels where the portfolio of products and services exhibits different cost-return characteristics.

3 March 2017 in Sustainability
Verified
Journal Article
Open access
PDF file
Paola BonginiPaola Bongini
Paola Bongini
Małgorzata Iwanicz-DrozdowskaMałgorzata Iwanicz-Drozdowska
Małgorzata Iwanicz-Drozdowska
Paweł SmagaPaweł Smaga
Paweł Smaga
BWBartosz Witkowski
Bartosz Witkowski
This study focuses on the role of financial development in the economic growth of Central, Eastern and South-Eastern European (CESEE) countries in the post-communist era (1995–2014), which coincides with the opening up of financial markets to foreign investors and the global financial crisis. We investigate whether economic growth in CESEE countries has benefited from the presence of foreign-owned banks. To this end, we introduce some refined measures of financial development and control for banks’ financial strength. Our results challenge the idea that bank credit fosters economic growth and that foreign-owned banks are indisputably a positive addition to local markets able to foster economic growth.

1 October 2016 in Journal of Credit Risk
Verified
Journal Article
Closed access
EAEdward Altman
Edward Altman
Małgorzata Iwanicz-DrozdowskaMałgorzata Iwanicz-Drozdowska
Małgorzata Iwanicz-Drozdowska
ELErkki Laitinen
Erkki Laitinen
ASArto Suvas
Arto Suvas
This paper assesses the predictive ability of financial and nonfinancial variables for a long horizon in a large cross-sectional sample of Finnish firms, Original Research, Bankruptcy, Credit risk

1 January 2016 in International Review of Financial Analysis
Verified
Journal Article
Closed access
Małgorzata Iwanicz-DrozdowskaMałgorzata Iwanicz-Drozdowska
Małgorzata Iwanicz-Drozdowska
BWBartosz Witkowski
Bartosz Witkowski