Central European Review of Economics & Finance最新文献

{"title":"The role of the euro as an international currency for Polish private and public sectors - selected issues","authors":"Ireneusz Pszczółka","doi":"10.24136/ceref.2022.021","DOIUrl":"https://doi.org/10.24136/ceref.2022.021","url":null,"abstract":"The paper discusses the usage of the euro as a parallel currency in Poland. The aim is to assess the importance of the euro as an international currency for Polish residents, with particular emphasis on reserve and investment currency. The main stress is put on the assessment of the use of euro-denominated bank deposits and loans. The paper is based on the international literature and statistical data. Main sources of necessary data were taken from publications delivered by European Central Banka and National Bank of Poland.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131606096","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":"Evaluation of the effectiveness of information system in optimizing warehouse processes","authors":"R. Luft","doi":"10.24136/ceref.2022.020","DOIUrl":"https://doi.org/10.24136/ceref.2022.020","url":null,"abstract":"The aim of the article was to present research on the application of information systems in optimizing warehouse processes. The theoretical aspects describing the fundamentals of warehouse processes were discussed. The theoretical foundations of information systems were also developed, with particular emphasis on systems used in warehouse processes. The results of conducted research among manufacturing organizations with complex warehouse processes were presented, which declared the implementation of ERP, WMS, and SCM systems. Based on the research findings, conclusions were drawn along with the direction of development in the area of digitizing warehouse processes.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"127 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131118376","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":"Structure of technical efficiency of insurers in the life insurance industry in Poland","authors":"Kazimierz Ortyński, Jacek Woloszyn","doi":"10.24136/ceref.2022.015","DOIUrl":"https://doi.org/10.24136/ceref.2022.015","url":null,"abstract":"The primary objective of the article was to examine the level and efficiency structure of insurance companies on life insurance market  in Poland. The study presents critical analysis of the insurance literature relating to technical efficiency of insurers, i.e. methods of estimating efficiency, the form of the efficiency  frontier  model, the choice of production factors and insurance production. The study used the methods of mathematical and econometric modelling in SFA  method. The results the technical efficiency study for 22 life insurance companies for a period between 2011-2020 using the SFA method, showed high average cost efficiency of insurers (0.9140) and lower profit efficiency (0. 8565). It was confirmed that a group of large companies achieved higher cost efficiency than the remaining companies, suggesting that large companies benefited from the scale of production.  In contrast, higher average profit efficiency was recorded for the remaining companies.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128746971","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":"Attributes of human capital in the context of innovation of the Visegrad Group","authors":"Katarzyna Brożek","doi":"10.24136/ceref.2022.017","DOIUrl":"https://doi.org/10.24136/ceref.2022.017","url":null,"abstract":"The aim of the article was to identify and quantify the impact of human potential on the level of innovation of the Visegrad Group (V4) countries. In the theoretical part of the considerations, a critical analysis of the literature on the subject and a library query were used, while in the empirical part a statistical analysis was applied, which included the characteristics of a sample of selected features, an analysis of a series of correlations examining the matching of features, and an analysis of the results obtained. The collected data was compiled using descriptive statistics - average values, dynamics of changes, and Pearson's correlation coefficient. In the course of the analysis, it was possible to identify several dependencies with a fairly strong or moderate strength of the relationship. The main conclusions include the fact that there is a fairly strong positive correlation between human resources in science and technology and expenditure on research and development in the enterprise sector. The practical implication of the study may be the fact of diagnosing the main attributes of human capital which, in turn, may be interpreted as outlining a certain field for the application of a targeted policy aimed at increasing the innovativeness of the Visegrad Group.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130956164","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":"Clean surplus model in equity valuation and financial data quality control","authors":"Jarosław Cwyl","doi":"10.24136/ceref.2022.018","DOIUrl":"https://doi.org/10.24136/ceref.2022.018","url":null,"abstract":"The article deals with the valuation of equity, in particular of shares that cannot be valued on the basis of market data. The clean surplus model is one of the models that allows the valuation of shares that are not marketable. The article presents the role of accounting and theoretical foundations, as well as the concept and assumptions of the clean surplus model. The model is related to financial research. In addition, the model can be used to confirm the reliability of the figures.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"4 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127573688","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":"How Industry 4.0 supports the strategic agility of companies. A systematic literature review","authors":"M. Sajdak, M. Młody, A. Weinert, Łukasz Wójtowicz","doi":"10.24136/ceref.2022.022","DOIUrl":"https://doi.org/10.24136/ceref.2022.022","url":null,"abstract":"The aim of the article is to identify and assess the state of knowledge in the field of using and supporting Industry 4.0 technologies for the development of companies' strategic agility. In particular, it is of keen interest how the individual Industry 4.0 technologies selected by the authors support the attributes that contribute to strategic agility. The article uses a systematic literature review (SLR), and strives in a rigorous and reliable manner to organize knowledge of the use of Industry 4.0 technology in the development of strategic agility. The systematic review research procedure consists of a five-stage approach, including: formulation of the research questions and determination of the research objective, selection of the literature sample, evaluation of the identified papers, data analysis and synthesis, and reporting on the results. The applied research method allowed for synthesis and consolidation of the existing scientific achievements in the field of supporting Industry 4.0 technologies in the development of strategic agility in companies, as well as indication of the most desirable directions for further research. Simultaneously, the research results allowed a reasonable context for future research to be defined. The literature clearly indicates a scarcity of papers in the field of linking Industry 4.0 with the agility of companies, as well as a lack of information on the state of research in this area, both in theoretical and empirical terms. There is a noticeable shortage of studies identifying which Industry 4.0 technologies support the development of strategic agility, to what extent and in what aspects.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124398926","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 impact of COVID-19 pandemic on cybersecurity in electronic banking in Poland","authors":"Wiesław Macierzyński, Wojciech Boczoń","doi":"10.24136/ceref.2022.016","DOIUrl":"https://doi.org/10.24136/ceref.2022.016","url":null,"abstract":"Purpose: The purpose of the article is to present both theoretical and practical basis for cybersecurity in electronic banking in Poland during the COVID-19 pandemic. During this period a major reorganisation of IT solutions occurred, which allowed to extend the range of online products and services offered both to bank customers and employees. As our life is more and more dependent on digital technologies, cyber attacks have become more costly and more dangerous. Driven by dynamic technological development regulations have changed, which resulted in cybersecurity becoming a key priority in financial institutions. All the more so because the rapid technological development has been followed by more and more advanced techniques used by criminals searching for easy financial profits. Methodology: The paper uses the method of literature review - mostly electronic sources,  descriptive and comparative analyses. Findings: From customers, perspective, the impact of COVID-19 pandemic on cybersecurity in electronic banking in Poland may be recognized as negative. The years 2020-2021 brought a dynamic growth in the number of digital banking customers, especially mobile banking. In those years financial institutions recorded  an enormous increase in online payments, which was the result of strong, forced by the pandemic, surge in sales in E-commerce. At the same time, there was a sharp rise in the crime rate targeted at banks, but most of all, at bank customers. While the security of the very financial institutions remained unthreatened, there was an explosion in the number of cybercrimes  targeted at E-banking users, with the losses giving dozens of millions PLN in total. That is reflected by the data provided by the National Bank of Poland, numerous complaints to the Financial Ombudsman, the Office of Competition and Consumer Protection, as well as the police investigations. Practical implications: The analysis of relations between theoretical and practical bases of cybersecurity in E-banking in Poland during the COVID-19 pandemic is a key factor for financial institutions. Cybercrime undermines customers' trust in E-channels and therefore negatively influences how banks are perceived, the level of the users' activity in digital channels, and consequently, activity and sales in E-channels. Besides the image and financial risks, banks need to take into consideration the increase in reputation, operation and legal risks. On these grounds, it is possible for state organisations and financial institutions to develop professional education concerning cybersecurity, not only for E-banking customers, but for the whole society.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"17 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123769285","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 effectiveness of management control as a tool for developing the quality of educational services in the public sector","authors":"M. Nowak, Łukasz Wójtowicz","doi":"10.24136/ceref.2022.019","DOIUrl":"https://doi.org/10.24136/ceref.2022.019","url":null,"abstract":"The aim of the article was to measure the level of effectiveness of Management Control using a survey method among employees of educational institutions in selected aspects of management practice. The article discusses the basics of the Management Control System in the context of considering its effectiveness in shaping the quality of educational services. The basic understanding of Management Control in the public sector was presented and similarities and inspirations from management methods used in business practice were analysed. The next part of the article presents the results of research among employees of educational institutions in the Mazowieckie Voivodeship. Conclusions from the research results concerned the perspective of the effectiveness of the Management Control System in public educational institutions.  The final conclusions discuss the weaknesses of Management Control and development elements constituting the basis for improving both the organizational aspects of educational institutions, as well as the level of human resources management.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121117873","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":"Development of the Polish non-life insurance market and macroeconomic stabilization of the Polish economy in 2000-2020","authors":"K. Rojek","doi":"10.24136/ceref.2022.014","DOIUrl":"https://doi.org/10.24136/ceref.2022.014","url":null,"abstract":"The paper presents the results of research on the relationship between the deve-lopment of the Polish non-life insurance market and macroeconomic stability of the Polish economy in 2000-2020. The research was based on The Method of Zero Unitarization (construction of a synthetic indicator of the Polish non-life insurance market development), the Pentagon of Macroeconomic Stabilization and a cross-correlogram (study of the relationship between the two variables).","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127609212","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":"Risk and uncertainty in supply chains as a consequence of COVID-19 pandemic","authors":"I. Pisz, S. Kauf","doi":"10.24136/ceref.2022.013","DOIUrl":"https://doi.org/10.24136/ceref.2022.013","url":null,"abstract":"The paper demonstrates enterprises gathered in supply chains and their condition in under the COVID-19 pandemic. The COVID-19 pandemic is treated here as a black swan phenomen. The purpose of this paper is to identify the risks and uncertainty in the supply chains being a consequences of the COVID-19 pandemic. The research is based on a literature survey (LS) own research and business management practices. In addition, the authors provide some recommendations for increasing the resilience and robust of enterprises affected by the pandemic.","PeriodicalId":442029,"journal":{"name":"Central European Review of Economics & Finance","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123618245","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}