WSB Journal of Business and Finance最新文献

{"title":"Institutional evolution of open and close forms of capitalism – A case of Holland and Japan","authors":"Jan Solarz","doi":"10.2478/wsbjbf-2019-0008","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0008","url":null,"abstract":"Abstract In the tradition of comparative capitalism, Japan represents a continental banking-oriented system. Holland represents an Anglo-Saxon market system. In Varieties Of Capitalism, Holland and Japan are identified as the same type of Liberal Market Economy (LME) or Coordinated Market Economy (CME). Only a dynamic view presented in this paper explains why Holland and Japan are now LMEs, as they used to be in the years 1868–1930. Holland and Japan used to be CMEs in the years 1910–1970s. The institutional equilibrium of open capitalism in Holland and close capitalism in Japan can explain periods of economic stagnation in the years 1603–2018.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133276456","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"General Government Debt and Budget Deficit as Threats to Economic Security of the European Union Countries","authors":"Grzegorz Górniewicz","doi":"10.2478/wsbjbf-2019-0006","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0006","url":null,"abstract":"Abstract The aim of the article is to present budget deficit and government debt in the European Union member states, with particular consideration of the countries that belong to the PIIGS group. This paper has focused on the scale of these phenomena, on their reasons and on some attempts made to improve the unfavourable situation. In the main thesis presented in the article, it is stated that budget deficit and general government debt come as significant threats to economic security of the European Union (EU) countries. The research methods that have been applied in the study involve descriptive analysis and statistical data analysis.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123706851","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Innovation strategies in SME’s economic growth and job creation in economy","authors":"Z. Kaira, Jagienka Rześny-Cieplińska","doi":"10.2478/wsbjbf-2019-0016","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0016","url":null,"abstract":"Abstract SMEs and entrepreneurship are key to ensuring economic growth, innovation, job creation, and social integration in the EU. The SME sector has a crucial role to play in creating new jobs, economic growth and innovation in socioeconomic development. The paper aims to address the critical role of small and medium-sized companies by investigating innovation management strategies in the SME sector. The goal of the present paper is to analyze the innovation strategies of SMEs and to provide an overview of the performance of Polish SMEs against those in the European Union. The main method in the study is desk research based on secondary statistic data. The method made it possible to prove that innovative strategy is a necessary condition to improve the competitiveness level in the SME sector. The main contribution of this research is to highlight the impact of innovation strategies on the competitive level of the researched entities for SMEs. The linear model developed for the “innovation expenditure” factor and forecast for 2-year period amply make it clear that SMEs continue to tread a positive growth trend.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133887184","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Economic and operational impact of the MRV implementation on maritime transport processes","authors":"Akram Akoel, R. Miler","doi":"10.2478/wsbjbf-2019-0013","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0013","url":null,"abstract":"Abstract The European Union (EU) and International Maritime Organisation (IMO) strongly feel the need for initiating measures to reduce greenhouse gas (GHG) emissions from international shipping lines regionally and globally using a package of tools called Green Shipping Practices (GSP). The GSP includes the use of global market-based mechanisms (MBMs), adoption of the energy efficiency design index (EEDI), establishing compulsory energy efficiency standards for all new ships, and the ship energy efficiency management plan (SEEMP) recommended as a new management tool for ship owners. Furthermore, the European Commission (EC) has proposed that owners of large ships using EU ports should report their verified emissions (Monitoring, Reporting and Verification of Carbon dioxide (CO2) emissions (MRV)) from 2018. In addition, IMO has introduced collection and reporting of ship fuel consumption data (SFCD) under the IMO SFCD scheme based on similar conditions, but related to global shipping. By providing a holistic analysis of the above-mentioned tools with a special focus on MRV and SFCD, this paper presents their economical and operational implications on the maritime transport processes. The working hypothesis that there is a correlation between the introduction of MRV and SFCD tools and reduction of maritime transport anthropopresure has been proved.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126165210","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Why does mainstream economy not explain the causes of contemporary negative socio-economic phenomena?","authors":"Wojciech Misiński","doi":"10.2478/wsbjbf-2019-0010","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0010","url":null,"abstract":"Abstract This article is a continuation and extension of the lecture ‘Causes and effects of incompleteness and non-inclusion of ownership structures of contemporary capital companies’ delivered at the conference in Wrocław in 2017 and published in the Scientific Notebooks of the University of Economics (No. 493). The aim of the article is to answer the question: why the Neoclassical Theory of Markets (Main Current Economics) does not explain the causes of a number of contemporary socio-economic phenomena, in particular, huge price fluctuations, breakdowns of individual markets and as a consequence of economic crises on a global scale? This required a new, different from the neoclassical view of the series of processes and market phenomena occurring in contemporary economies as well as the verification of the Neoclassical Market Theory paradigm constituting the main core of the Mainstream Economics. These include, in particular: 1) theoretical (classical) and real ‘object (s)’ analysis of market transactions; 2) rejection of one-dimensional, neoclassical analysis of exchange processes (transactions), accepting two or even three-dimensional analysis of the exchange process (transaction); 3) analysis of exchange processes (transactions), the ‘subject’ of which are complete, incomplete or partial (and their bundles) property rights; 4) analysis of exchange processes (transactions) by complete and exclusive and incomplete and non-exclusive decision-makers; 5) analysis of exchange processes (transactions), whose ‘subject’ are partial (and their bundles) property rights in relation to virtual (non-material) ‘goods’. Taking into account that the above verification (acceptance of a different from the neoclassical paradigm of market theory) allows to break out of the circle of elegant and logical neoclassical analysis of theoretical, never and nowhere existing markets (exchange processes), and more importantly, the explanatory reasons for a series of negative, contemporary socio-economic phenomena.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123217664","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Historical, collective, institutional and market memory (Development of emergent phenomena)","authors":"J. Dworak","doi":"10.2478/wsbjbf-2019-0009","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0009","url":null,"abstract":"Abstract The article is of interdisciplinary nature with its emphasis laid on sociology. Its aim is to present some considerations on the way in which emergent phenomena1 are created. The question whether the reasoning based on analogy fosters phenomena related to the emergence of new notions comes as the research problem that the author tries to solve. The research hypothesis is formulated as the following statement: applying analogy,2 considerations which refer to historical memory allow additional notions, such as collective, institutional and market memory, to emerge. In the article, the research method applied in order to achieve the assumed aim is the grounded theory3 because it allows us to generate knowledge in numerous fields. During the articulation of theoretical annotations,4 new emerging notions come as a good starting point for further studies on various types of memory, and consequently, they determine their usability in practice. In the article, the annotations are placed in the footnotes and they present the author’s thoughts and reflections presented by people who have been consulted with regard to the discussed problems. Presented in the theoretical part of the article, the reference to scientific achievements in the field of marketing memory is actually very difficult because they are extremely scarce. Historical memory may be seen as knowledge resources recorded in some past stories, diaries and specialist publications; it also refers to artefacts collected in museums and to historical monuments that represent the culture of a particular society. Collective memory refers to historical awareness that is manifested by the cultivation of traditions and customs, reconstruction of buildings in which previous generations used to live. The concept of institutional memory is related to a specific vector that provides collective memory with magnitude and direction in the form of interpretation of events; it can be considered as a resultant of exogenous and endogenous processes taking place in a society. On the basis of those considerations, another type of memory appears: market memory as a new category of knowledge. The essence of market memory comes down reminding various communities about products the consumption of which is supposed to satisfy their needs at a specific level, but it will also lead to the replacement of currently operating devices with new and more advanced ones.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114029299","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Motivation and Action Control in a Saving Lifestyle","authors":"Konrad Hryniewicz","doi":"10.2478/wsbjbf-2019-0014","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0014","url":null,"abstract":"Abstract The article presents three studies about saving money described as a routine behaviour and a way of life. The results underline the role of perceived risk, benefits and self-efficacy as motivational variables affecting savings and the meaning of strategies in action control that facilitate the intention to save and maintenance of saving behaviour. The mechanisms of control tested were action planning and coping with problems, monitoring of saving behaviour, maintenance of self-efficacy and its recovery after setbacks. The first study, using structural equation modelling, presents the meaning of motivational variables in the prediction of intentions and the mediating role of action control functions in explaining the relationship between intention and savings (N=227). The second study in the experimental arrangement confirms the beneficial influence of the same variables on financial decisions in unforeseen savings opportunities (N=460). The final study shows the beneficial results of a cognitive training session, which was focused on inducing motivation and raising the level of action control in the area of saving. These studies explain the motivation to save and maintenance of saving behaviours, which lead to consistent and sustainable saving actions.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134154023","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Neighbouring countries – an important segment in inbound tourism An example of the European Union member states","authors":"J. Borzyszkowski","doi":"10.2478/wsbjbf-2019-0001","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0001","url":null,"abstract":"Abstract The aim of the article is to present the significance of neighbouring countries in the structure of inbound tourism for the member countries of the European Union. In order to achieve this aim, some secondary materials presenting the volume and the structure of tourist traffic in the analysed countries have been referred to. The structure of the article allows the Author to provide a detailed analysis of the particular problems in the discussed field. Firstly, a review of scientific literature on tourist traffic and the significance of neighbouring countries for inbound tourism is provided. The next part of the text presents the countries adjacent to the European Union member states. Subsequently, the significance of these destinations is indicated, due to the data that present the structure of inbound tourism. It transpires that in most analysed countries, their neighbouring states come as a significant - and often even the most important - segment in inbound tourism. Furthermore, neighbouring countries often take the top positions on the list of the countries the citizens of which visit particular destinations most frequently. The analysis of the structure of inbound tourism in Poland in the years 2012-2016 also indicates that the neighbouring markets form the most important segment, regardless of some changes that took place during the analysed time period. Due to the review of some relevant documents, it is indicated (on the example of Poland) that neighbouring countries are often of priority significance in the assumptions and development plans for tourism, although the ranks of the particular countries can be different. On one hand, the considerations presented in the article allow the Author to evaluate the significance of neighbouring countries for inbound tourism in the particular countries; on the other hand, they indicate the necessity of including these countries into the tourism policy, along with promotion activities undertaken in the foreign markets.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116521303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The importance of organisational climate and commitment of knowledge workers for increasing the competitive advantage of enterprises","authors":"S. Tokarski, Karolina Oleksa-Marewska","doi":"10.2478/wsbjbf-2019-0002","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0002","url":null,"abstract":"Abstract As a result of socio-economic transformations and development of the Information Era, the competitive advantage of enterprises is based on intellectual capital. Competent employees as owners of knowledge, skills and creativity, essentially contribute to the strengthening of the position taken by their organisation on the market. In order to allow employees to use their capabilities in an effective way, it is crucial to provide them with favourable organisational conditions, which constitute organisational climate. The concept of organisational climate refers to employees’ perception of organisational conditions, which can be combined with the first level of economic analysis in the approach presented by New Institutional Economics, according to the model presented by O. Williamson (2000, p. 597). It is assumed that the employees’ positive assessment of the organisational climate is correlated with a higher level of the employees’ commitment, which leads to an increase in the competitive advantage of an organisation. In order to verify the hypothesis, some quantitative surveys have been carried out among knowledge workers (N = 639). In the research, two questionnaires have been used: the Organisational Climate Questionnaire (authors: L. Rosenstiel and R. Bögel) and the Oldenburg Burnout Inventory (OLBI developed by E. Demerouti), which examine the level of burnout and commitment to work. The results of the statistical analysis have shown a significant, strong relationship between the assessment of organisational climate dimensions and the level of employees’ commitment to work, which contributes to an increase in the competitive advantage of an enterprise.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121565446","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Determinants of marketing and logistics management in a micro-enterprise","authors":"D. Janczewska","doi":"10.2478/wsbjbf-2019-0004","DOIUrl":"https://doi.org/10.2478/wsbjbf-2019-0004","url":null,"abstract":"Abstract At present, under the conditions of some turbulent changes observed in our environment, micro-enterprises seek for opportunities to win their competitive positions in the market and in the sectors in which they operate The aim of the article is to present marketing and logistics management as one of the methods applied to achieve the market objectives of micro-enterprises. As an integrated method, marketing and logistics management may contribute to the improvement in competitiveness; hence, the recognition of conditions required for the application of this method may also contribute to the improvement in competitiveness. In the article, a review of literature related to the discussed problems is presented. The expert literature on the analysed subject does not provide any publications on micro-enterprise management, and scientific research in that sector is very scarce and provides only some general data. Therefore, it is necessary to analyse the processes taking place in the micro-enterprise sector in more detail, especially in the field of modern methods of management. In the article, some considerations on the specificity of integrated logistics and marketing processes are presented. Research methods: a review of expert literature and the Author’s own case-study research. The research was carried out in the years 2015-2018 among a group of micro-enterprises in the Kujawsko-Pomorskie Province, Łódzkie Province, Mazowieckie Province and Wielkopolskie Province. The aim of the research was to identify conditions required for marketing and logistics management in micro-enterprises and to define the impact exerted by the factors that determine the implementation of that process. Recognising knowledge as a fundamental determinant of the implementation of modern management methods in the aspect of micro-enterprise operation requires some in-depth analysis. The article presents the results of the research based on the case-study of integrated marketing and logistics management, on the example of a virtual micro-enterprise. The main conclusions: In a virtual micro-enterprise, it is possible to indicate the field of integration of marketing and logistics processes and to define their courses and conditions. Knowledge of logistics and marketing allows us to extend the field referring to the environment of the analysed company in virtual space.","PeriodicalId":117870,"journal":{"name":"WSB Journal of Business and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2019-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132788061","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}