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Economic Factors in the Process of Calculation of Annuities in Bodily Injury Compensation Claims Under Liability Insurance

Bibliography Butt Z., Haberman S., Verral R., 2008, Calculating compensation for loss of future earnings: Estimating and using work life expectancy, Journal of the Royal Statistical Society, 37. GenRe, 2014, A Comparison of Compensation for Personal Injury Claims in Europe , 2014, http://www.genre.com/knowledge/publications/claimsfocus-pc-201309-en.html . Insurance Europe, 2016, European Motor Insurance Markets , 2016, https://www.insuranceeurope.eu/european-motor-insurance-markets . Jędrzychowska A., 2017, Compensation for those

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Structure of the Passive Side of a Bank’s Balance Sheet Versus the Pari Passu and No-Creditor-Worse-Off Rules

Abstract

The passive side of a bank’s balance sheet is characterized by considerable variety. Additionally, the intention of the supervisors is that the bank losses are covered according to a specific order, which foresees that the owners are the first to be exposed, followed by the creditors (but some of the bank’s liabilities are essential for the continuation of the operations and it is not recommended that they are redeemed or converted into shares). The sequence of covering losses expected in the supervisory regulations is often inconsistent with the order resulting from the hierarchy of claims established in the bankruptcy law. In such a situation, implementing actions involving the write-down or conversion into shares of subsequent categories of debt may entail breaking the basic principles of bankruptcy and resolution law: the pari passu and no-creditor-worse-off rules. The purpose of the article is to identify situations in which the indicated rules are breached, as well as to review and evaluate national solutions that have been implemented to ensure compliance with the above mentioned rules. To this end, the relationship between the structure of the passive side of the bank balance sheet, supervisory regulations in the area of capital adequacy and the resolution principles were analyzed. As a result, four situations have been identified where there is a risk of breaking the already mentioned rules. The review of national solutions implemented to address the problem suggests that they lead mainly to its shift to the next category in the claims’ hierarchy, but does not eliminate it. A similar effect is also provided by the amendment of the BRR Directive, which aims mainly to harmonize solutions introduced at national level.

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Beyond Budgeting – A Fair Alternative for Management Control? - Examining the Relationships between Beyond Budgeting and Organizational Justice Perceptions

Abstract

Since the seminal work of Chris Argyris research has realized that the design of Management Control Systems (MCS) has a significant impact on the social framework of an organization. This influence has been discussed in literature for decades. But there has been no holistic alternative for budget related MCS until the development of Beyond Budgeting (BB). Even though BB proponents claim that BB empowers organizations to become more adaptable, efficient and fair and is able to reduce unethical behaviors, BB has not been adopted by a considerable amount of organizations. One reason for this conservative attitude of organizations might be the lack of a framework that makes it possible to assess the possible advantages of BB for a specific organization. Current research suggests evaluating MCS in terms of their impact on organizational justice perceptions. Building on these new empirical findings, our paper tries to contribute to a better understanding of the potential advantages and disadvantages of BB by assessing the impact of BB characteristics on organizational justice perceptions. After identifying BB core characteristics, these characteristics are assessed regarding their impact on organizational justice perceptions. Partial least squares regression is applied to evaluate the relationship between BB core characteristics and organizational justice perceptions. Our results suggest that applying BB might enhance informational and interpersonal justice perceptions and therefore be beneficial for knowledge-based organizations.

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Investigating the effect of governance on unemployment: a case of South Asian countries

of the study at hand confirms claims of Holt and Jamison [2009] and Grimes et al. [2012] that fixed broadband subscriptions affect unemployment negatively. Moreover, the outcome of the study offering a negative and significant relationship between governance and unemployment means that if we improve governance by one unit, in response, there will be a decrease of −0.526023 units in unemployment [ Christiansen et al., 2012 ; Chatterjee et al., 2006 ; Resnick and Birner, 2006 ]. On the other hand, internet users and unemployment have a significant and negative

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Business models innovation based on crowds: a comparative study

with the wisdom of the crowds and collective intelligence. Surowiecki [2004] claims that under certain conditions groups are even smarter than the smartest individuals within them. He names four conditions that must be met for a crowd to be “smart.” The underlying idea of the wisdom of crowds is that if one asks a “smart” crowd to estimate or predict something and then averages the answers, the errors that each of the individuals makes will cancel themselves out. Crowdsourcing harnesses the wisdom of the crowd through IT to produce goods or services superior to those

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Country of origin from a management perspective of emerging market companies

in many foreign markets, stress that the COO is not an argument that could be used by them in their marketing activities: “[…] it will not be a claim that will help us in something. This is not that category. And in this category of household appliances, this type of thinking does not exist at all and will not help.” (Company A) “[…] all the biggest companies have factories in Poland [....], but I do not remember the great campaign that we should buy a washing machine, because it is made in Poland.” (Company E) On the other hand, the respondent representing

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Identifying Key Fraud Indicators in the Automobile Insurance Industry Using SQL Server Analysis Services

analysis and segmentation decision, Omega, 83, 1-31 Liu Y., Ram S., Lusch R.F., Brusco M. (2010) Multicriterion market segmentation: a new model, implementation, and evaluation, Marketing Science, 29(5), 880-894. Nian K., Zhang H., Tayal A., Coleman T., Li, Y. (2016) Auto insurance fraud detection using unsupervised spectral ranking for anomaly, The Journal of Finance and Data Science, 2(1), 58-75. Pathak J., Vidyarthi N., Summers S.L. (2005) A fuzzy-based algorithm for auditors to detect elements of fraud in settled insurance claims, Managerial

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What Do Managers Think About the Success Potential of CRM Campaigns?

Responsibility and Donation size Claim Objectivity. Journal of Promotion Marketing, 15: 465-483. Maignan, I., Ferrell, O. C. (2004) Corporate Social Responsibility and Marketing: An Integrative Framework. Journal of the Academy of Marketing Science, 32: 3-19. Oldenburg, D. (1992) Big companies plug big causes for big gains. Business and Society Review, 83(4), 22–23. Polonsky, M. J., Macdonald, E. K. (2000) Exploring the link between CRM and brand building. International Journal of Nonprofit and Voluntary Sector Marketing, 5: 46–57. Polonsky, M. J

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What can institutional analysis say about capitalism in Central and Eastern Europe? Results and limitations

a huge influence on the achievement of economy. Amable [2003] claimed that one element of institutional systems, coordination, cannot be the sufficient basis of classification. The fact that many cases do not fit in the two models requires a more complex classification. This list of criticism indicates the serious problems of dual classification. Mjøset and Clausen [2007] revealed a new dimension concerning dual typology, which are the problematic issues of methodology used by Hall and Soskice [2001]. The usual ways of modeling in theoretical works are either

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A Concept for Ontology-Based Value of Cybersecurity Knowledge

]. Their applicability in value creation is discussed, and the authors conclude that “it is neither easy to verify whether the models claim to be economically correct, nor if they claim to develop a valuation model for ex post or ex ante perspective”. Three companies are then examined, but none had any knowledge of the three ROSI models or any other method, nor any evidence of shareholder value perspective on IT security. In our view, all these considerations reflect a problem that causes enterprises to not consider cybersecurity as a subject for value creation. Works

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