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Michał Comporek

Abstract

One of the most important analytical spheres enabling the diagnostic estimation of intentional changes in a company’s financial result is the area of accrual adjustments of net profit, separated in the cash flow statement prepared using the indirect method. The special cognitive value of accrual differences can be seen when the structure of total accruals is separated by those adjustments that are not directly related to the real activity of the enterprise, and are the result of subjective accounting choices. The main objective of the article is to present the selected econometric models used for examining accrual-based earnings management phenomenon in Poland. The analysis includes following regression models, namely: the Jones model, the Kasznik model, the Dechow-Dichev model and the McNichols model. The empirical studies were conducted among listed companies qualified for the Warsaw Stock Exchange indices: WIG-20 and mWIG-40, whose shares were traded for at least ten years in 1998-2017.

Open access

Stefan Boroń and Tomasz Kosiek

Abstract

Countless people and organisations have been wrestling with the practical application of sustainability and sustainable development. Yet there is no rigorous and unequivocal template that can be followed for management because the meaning of the key concepts of sustainability and development in particular haven’t been properly identified. Although the fundamental meaning of the word sustainability is continuance, the concept has its controversies especially when it drifts into the ‘abstract’ and even becomes confused with sustainable development. For our purposes it is the ability of development and of its associated processing activities to continue that is being managed. For management effectiveness, a system framework is necessary but more importantly what goes into that system has to be rigorously and unambiguously defined. In our case, the mechanisms describing the practicalities that govern the sustainability of development have been clearly identified in this paper and called by name. The concept of development needs clarification, while the accepted popular ‘three pillar’ depiction of sustainable development is also fundamentally flawed when compared with the form of words of the ‘Brundtland’ definition. This well-known ‘Venn representation’ implies a type of ‘balance’ or ‘synergy’ at the heart of sustainability management. In fact, because of the fundamentally unsustainable nature of current development processes, the ‘balance’ turns into a trade-off amongst the three sustainability players. For real sustainable development there can be no such trade-off. Once the misunderstandings are clarified the true basics of sustainability and sustainable development are fed into a standard ISO14001 iteration loop for management to commence.

Open access

Małgorzata Zaleska and Przemysław Kondraciuk

Abstract

The aim of this article is to systematise the approach to innovation in the economic theory and to define the indicators used to measure the innovativeness of world economies. The considerations are focused on innovation in the banking sector as it is one of the most innovative sectors worldwide. The identification of the stages of innovation development in this branch is worth emphasising, along with the description of its economic and legal determinants.

Open access

Alla Lobanova and Mykola V. Tulenkov

Abstract

The results of social-and-economic order analysis in the context of formation and representing organizational interaction between managing subjects of production management are considered in the article. It was proved that social-and-economic order, as a type of social order, is acting as the determinative prerequisite of formation efficient organizational interaction in any system of present-day management. It was well-grounded that social-and-economic order of organizational interactions is caused by economic requirements and economic interests of production subjects has a relevant legal content, and its determinative element stands for ordering ownership relations, i.e., order between people as far as owning and managing means of production are concerned. The author’s models of representing organizational interaction in the systems of production management depending on forms and methods of division relations of ownership for means of production are presented in the article.

Open access

Monika Štrbová and Paulina Kuzior

Abstract

Contemporary world brings people more and more dangers. Creation of the Internet made it even easier to harm other users without consequences. However we still can do something about it. We can learn how to protect ourselves in the network. That is why it is so important to disseminate the main goals of safety management while using Internet. The paper presents main dangers awaiting for network users – both the youngest and the older ones, such as cyberbullying or phishing. The authors also point to the more frequent Internet addiction. The main goal of this paper is to indicate on how the on-line safety management should look like and how people can protect themselves from the dangers, of which they are sometimes even not aware. Children and adults shall be educated about the dangers in the Internet, and how to avoid them. Only then will they know, how to properly manage their on-line safety.

Open access

Daniela Fobelová, Lukáš Moravec and Elena Bendíková

Abstract

The presented study focuses on the role of applied ethics(cist) in managing the quality of life in the post-risk society. Given that, from an ethical point of view, it is appropriate to reflect the quality of life also through other than quantitative, i.e. objective and therefore also measurable indicator, it is important to be also focused on the action of a person that leads to increasing his/her satisfaction, the feeling of happiness as a subjective indicator. The aim of this study is to point out the importance of ethical parameterization of the quality of life as well as the search for suitable concepts in its fulfilment.

Open access

Karolina Rąb-Kettler and Bada Lehnervp

Abstract

How do socio-economic change and technological revolution change the way we manage people. How does the development of AI (Artificial Intelligence) affect the process of talent acquisition? The author will present the concepts of technological unemployment, creative class, millennials (generation Y), humanistic management, sustainable development, CSR and new managerial models in light of current social changes. Humanistic management as a broader concept, and humanistic talent attraction as its direct implication, will be presented as an answer to the current technological development. The author presents a narrower topic of human resources management but sees potential in the topic to develop a discussion on future of work in a broader sense.

Open access

Anna Białek-Jaworska and Justyna Dobroszek

Abstract

An effective knowledge-based economy requires regular cooperation between science and business. This is possible thanks to enterprises that create and implement innovations The paper focuses on the recognition of R&D expenditure. This aims to verify if firms with a scientist on their board are more likely to invest in the R&D. We conduct a tobit panel analysis of over 18,000 Polish private firms combined with data on patents and scientists employed at universities. The findings show that firms with scientists on the supervisory board are likely to invest more in R&D. However, these investment in R&D of firms with a scientist on the board are financial constraint. Their growth depends on access to finance. Therefore, institutions in Poland should support and promote cooperation between science and business, aiming for the realization of the implementation research. This approach requires updated regulations in the accounting area relating to the recognition of R&D inputs and outcomes.

Open access

Małgorzata Nadziakiewicz and Alina Mikolajczyk

Abstract

This article presents the quality, safety and assessment system as the important tools to supervise the health care organization. Quality is the sum of the properties and characteristics of a product, process or service that is appropriate to meet the complex requirements. In the case of health care is difficult to valuate quality, the universal indicators become useful tool. The development of quality indicators requires collecting of data and their proper processing. The high quality of medical services requires continuous improvement and adaptation to patients’ needs. The quality indicators, for example, refer directly to the effects of therapy and are used to measure the success or failure of the applied therapeutic methods. Measuring the results of activities indicates only the level of quality of the services provided. The data helps to analyze information and improve the quality and safety of health care services.

Open access

Katarzyna Budny, Joanna Krasodomska and Katarzyna Świetla

Abstract

This study investigates the influence of M&A on the performance of banks operating in Poland. We use a sample of 14 transactions that occurred in the Polish banking sector from 2001 to 2015. Our data set includes pre and post-merger accounting information covering a period of two years before and after the merger. We follow Pilloff’s [1996] approach to determine the average performance changes measured with ROAA and ROAE. According to the research results, M&As transactions seem to affect profitability as both ROAA and ROAE means change. However, these changes do not follow the same trend. The correlations between the acquirer’s pre-merger weighted performance measured with ROAA and ROAE and merger-related changes in performance are significant and negative. The same situation is observed as regards the target pre-merger weighted performance measured with ROAE and merger-related changes in performance. The results also suggest that large acquirers are associated with less successful M&A.