Justyna Łupińska, Szkoła Główna Handlowa w Warszawie Kolegium Zarządzania i Finansów
{"title":"Podatek bankowy – narzędzie antykryzysowe czy instrument fiskalny","authors":"Justyna Łupińska, Szkoła Główna Handlowa w Warszawie Kolegium Zarządzania i Finansów","doi":"10.7172/1644-9584.76.9","DOIUrl":"https://doi.org/10.7172/1644-9584.76.9","url":null,"abstract":"","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2019-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41754279","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":"Triggers and Damages of Organizational Defensive Routines","authors":"Yumei Yang, D. Secchi, Fabian Homberg","doi":"10.7172/1644-9584.80.6","DOIUrl":"https://doi.org/10.7172/1644-9584.80.6","url":null,"abstract":"Existing research on organizational defensive routines (ODRs) posits that they have strong and intertwined individual and organizational components. However, the literature has not yet systematically isolated and analyzed factors at both levels that trigger ODRs. This paper first utilizes theory on organizational routines to explain the characteristics of ODRs. Next, it identifies their individual and organizational level triggers. At the individual level factors generating ODRs are general self-efficacy, locus of control, and neuroticism while those operating at the organizational level are organizational politics, red tape, and organizational structure. The paper finally explores the potential damages ODRs could cause to individuals and organizations related to individuals’ job satisfaction, work engagement, organizational ambidexterity, and organizational learning. The theoretical model in this paper builds a foundation for future empirical study and extends theoretically the nomological network of ODRs.","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-12-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48423466","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":"Sensitivity of the Central and Eastern European Stock Market to Credit Rating Changes","authors":"Patrycja Chodnicka-Jaworska","doi":"10.7172/1644-9584.74.2","DOIUrl":"https://doi.org/10.7172/1644-9584.74.2","url":null,"abstract":"The aim of the paper is to verify the influence of credit rating changes on the rates of return on shares taking into account the size of the credit rating agency. A review of literature about the mentioned relationship by type of sector has been prepared. The following hypothesis is proposed: The banks’ share prices show a weaker reaction to credit rating changes than the entities outside the banking sector. The strongest impact of credit rating changes is observed for a downgrade. This hypothesis has been verified by using event study methods on data collected from Thomson Reuters Database through the years 1980 to 2015. The unobserved variables are long term issuer credit ratings given to banks and institutions outside the financial institutions. Rates of return on shares are used as observed variables.","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44911538","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":"Finance Management in Local Government Shared Services Centres in Poland – Primary Experiences","authors":"Robert Gawłowski, P. Modrzyński","doi":"10.7172/1644-9584.74.8","DOIUrl":"https://doi.org/10.7172/1644-9584.74.8","url":null,"abstract":"Based on an amendment of the act on gmina local government and certain other acts of 2015, legal solutions were introduced to enable the establishment of shared services centres in the local government administration structure. Their task is to increase the flexibility and efficiency of the management of local government units. The aim of the paper is to find out about the first experiences of capital cities of voivodeships, and to indicate the most commonly functioning organisational models. The studies were based on the analysis of resolutions establishing shared services centres and the analysis of city budgets.","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46520721","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":"Discounting for Intergenerational Investments: Individual Discount Rate for Close and Remote Beneficiaries","authors":"Monika Foltyn-Zarychta","doi":"10.7172/1644-9584.74.5","DOIUrl":"https://doi.org/10.7172/1644-9584.74.5","url":null,"abstract":"The paper aims to diagnose whether it is justified in investment appraisal to apply a separate treatment (in terms of the value of the discount rate) for close-in-time versus distant-in-time project effects as well as for effects applying to close-in-space versus distant-in-space beneficiaries. The analysis rests on a survey asking Polish citizens to state their indifference points between lives saved now and in the future (with delays from 10 to 150 years to capture temporal distance) for two separate projects: saving lives in Poland (geographically close) and in Latvia (geographically remote). The findings suggest that while time distance can be perceived as a rationale to apply separate (lower) DRs which increase the weight of time-distant impacts in project’s NPV, outcomes distant in space should be treated as equally important to geographically close impacts, thus extending the analysis beyond national borders.","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46515844","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":"International Banking and Bank Performance: The Case of Poland","authors":"M. Pawłowska","doi":"10.7172/1644-9584.74.4","DOIUrl":"https://doi.org/10.7172/1644-9584.74.4","url":null,"abstract":"The aim of this study is to examine differences in the determinants of profitability between domestic and foreign banks in Poland during the global financial crisis and the eurozone debt crisis. Empirical results based on panel data sets containing both micro-level and macro-level data provided the evidence of differences in the determinants of performance between domestic and foreign banks, and also between foreign subsidiaries and foreign institutions’ branches, i.e. foreign currency loans were profitable mainly for foreign banks’ subsidiaries. Furthermore, this paper found a positive correlation between the context of parent banks and the profitability of their affiliates mainly during the global financial crisis.","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48486289","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":"Normal Distribution of Returns of Warsaw Stock Exchange Indexes","authors":"Krzysztof Borowski","doi":"10.7172/1644-9584.74.1","DOIUrl":"https://doi.org/10.7172/1644-9584.74.1","url":null,"abstract":"The paper verified the hypothesis regarding a normal distribution of returns of Warsaw Stock Exchange indexes for the following time intervals: daily, weekly, monthly, quarterly and yearly. The analyzed rates of return were calculated in the following outlines: closing-closing, opening-opening, opening-closing and overnight. The verification of statistical hypotheses was conducted with the use of the following seven statistical tests: Kolmogorov-Smirnov, Lilliefors, Shapiro-Wilk, Chi-squared, Cramer von Mises, Watson, Anderson-Darling. The analyzed indexes were ranked due to the convergence of their return to the normal distribution with the use of the following tests: Jarque-Bera, Shapiro-Wilk and D’Agostino-Pearson.","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47007868","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":"Retail Client’s Satisfaction With Investment Advice. Is MiFID II a Desired Regulation?","authors":"Mariusz Kicia, Rafał Muda","doi":"10.7172/1644-9584.74.7","DOIUrl":"https://doi.org/10.7172/1644-9584.74.7","url":null,"abstract":"","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41944990","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":"Are the Highest Mutual Fund Fees Justified by Their Performance?","authors":"A. Fraś","doi":"10.7172/1644-9584.74.3","DOIUrl":"https://doi.org/10.7172/1644-9584.74.3","url":null,"abstract":"","PeriodicalId":42848,"journal":{"name":"Problemy Zarzadzania-Management Issues","volume":" ","pages":""},"PeriodicalIF":0.2,"publicationDate":"2018-08-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44943088","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}