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The effectiveness of capital management strategies used by the investment funds in Poland

Abstract

Collective investors play an extremely important role in the financial system of the state and in the economy. They operate in the financial market as institutions that enable households and businesses to convert savings into investments. Investment funds are the most conventional institutions which are dealing with financial intermediation.

The main purpose of the submitted paper is to characterise the essence of investment funds operation in the role as financial intermediaries, to present the investment strategies and to characterise the methodology for measuring the effectiveness of capital management entrusted by the clients.

The author has formulated a research hypothesis, according to which, the strategies of capital location policy used by the investment funds have an impact on the level of their performance, while funds holding higher risk portfolios perform better compared to the funds using passive investment strategies

Open access
Employees’ education as an element of the Human Resource Management – Polish experience

Abstract

The importance of professional training cannot be overemphasized. In any organization, it is conducive to a better implementation of the tasks, and through it – increasing efficiency. For those directly involved – employees – lifelong learning is the premise of job retention. The aim of this paper is to present the results of research study – both quantitative and qualitative – describing ways in which employers may support employees’ educational activity.

Open access
The importance of older people's participation in the financial services market

Abstract

The article presents definitions on population aging, characterises the analysed group of population, and discusses selected aspects of its activity in the financial services market. Its purpose has been to determine the importance of the elderly as the users of financial services. As demonstrated, the activity of customers aged 60+ in the financial services market is of significance for various players in this market, as well as from the micro and macro perspective. The hypothesis that this subject area is neither sufficiently known nor recognized has been proved to be true. To improve the situation, financial institutions should analyse in detail the needs of elderly customers to develop targeted products and services, while older people should be more active and use them more often.

Open access
New system of employment forecasting in Poland

Abstract

The goal of the paper was to describe the system of employment forecasting in Poland and to present forecasts results. The paper described the main assumptions and elements of the system of employment forecasting (the structure of econometric models and on-line forecasting tool). It also elaborated on employment forecasts at national, regional and occupational levels. The analysis of forecasts enabled drawing some conclusions, important from the point of view of the perspectives of the Polish labour market and the labour market policy.

Open access
Optimization of investment management in Warsaw stock market

Abstract

Application of simple prescriptions of technical analysis on the Warsaw Exchange Market (GPW) has been analyzed using several stocks belonging to WIG20 group as examples. Only long positions have been considered. Three well-known technical-analysis indicators of the market have been investigated: the Donchian channels, the Relative Strength Index, and Moving Average Convergence-Divergence indicator. Optimal values of parameters of those indicators have been found by „brute force“ evaluation of (linear) returns. It has been found that trading based on both Donchian channels and Relative Strength Index easily outperform the „buy and hold“ strategy if supplied with optimal values of parameters. However, those optimal values are by now means universal in the sense that they depend on particular stocks, and are functions of time. The optimal management of capital in the stock market strongly depends on the time perspective of trading. Finally, it has been argued that the criticism of technical analysis which is often delivered by academic quantitative financial science is unjustified as based of false premises.

Open access
Professional Evaluation. Application of the PageRank Algorithm in Employee Rating

Abstract

Appraisal is a tool used by both management and employees to attain their goals. Properly carried out employee performance appraisal allows to monitor the employee's actions and provides information on the level of his or her performance. Feedback in the form of appraisal motivates the employee to work more effectively and productively. Appraisal also enables to shape the personnel policy – it allows to chart employee career paths and determine training needs of an organization. For appraisal, however, to fulfil the attributed role, it needs to be carried out in a professional manner.

The aim of the article is to draw attention to the importance of employee performance appraisal in the personnel management process and to provide information on the core principles of appraisal. It describes, among others, determinants, criteria as well as selected methods and techniques of appraisal. An interesting point can be the use of the PageRank algorithm which can be a good solution for rating employees.

Open access
Psychiatrists and patients suffering from depressive disorders and schizophrenia in one organization basing on the hospitals in Lodz region

Abstract

Collaboration between doctors and patient is a perfect example of a specific kind of collaboration in the organization. Difficulties with establish proper relations between psychiatrists and patients with depressive disorders and schizophrenia is the subject of the paper. The thesis of the work assumes that psychiatrists and patients belong to the totally different “worlds” what is the cause of inability to create proper mutual collaboration between them. In 2009 a questionnaire survey was conducted at public mental hospitals of the Lodz region. Both doctors and patients notice a number of communication barriers and factors hampering the mutual cooperation, at the same time demonstrating the will to agree and cooperate. The proper contact and collaboration affect mental disposition and motivation for the process of recovery from the illness.

Conclusion: To a large extent not only a course of the treatment, but also a correct social functioning of both groups of the patients depends on the quality of the interrelation between them and psychiatrists. It appears, however, that the hierarchy of obstacles of successful therapy is completely different among the doctors and patients

Open access
Traveling salesman problem: approach to optimality

Abstract

Traveling Salesman Problem (TSP) is a basic and one of the most important transportation problems in operational logistics. It is also known in the literature as a Chinese postman problem or single vehicle routing problem. TSP can be shortly described as follows. Vehicle starting from the selected city must visit a set of another cities exactly once and return to the starting city in such a way that the total distance of the route is minimized.

In this paper first mathematical formulation of decision problem is presented. Then solution strategies of TSP are shown with selected algorithms as examples. In the last part of article, a computational results of selected methods are presented.

Open access
The use of Social Networking Sites in modern recruitment – empirical study

Abstract

Current changes in technology and the role of the Internet open up new opportunities for companies both to communicate and to work. The fact that Social Media entered the business landscape, and in particular the recruitment landscape leads to a demand for knowledge about recruitment trends regarding social media. Contemporary social media and recruitment texts have been reviewed in order to identify what impact social media is having on the recruitment industry. It focuses on how companies and recruitment professionals are taking advantage of the social media landscape to recruit talented people. Relevant existing research has been reviewed and primary research conducted (both qualitative and quantitative). The authors have conducted 8 IDIs with recruiter from various industries. The latter consisted of 147 CAWIs with employees from various Polish organizations from several different industries. The article presents interesting results that can be especially useful for recruitment managers, specialists and company owners. It is recommended that in order to gain a fuller picture of the issues underlying the findings, quantitative research on a bigger scale should be undertaken.

Open access
Przedsiebiorczosc i Zarzadzanie
Entrepreneurship and Management; The Journal of Spoleczna Akademia Nauk
Open access