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Łukasz Sułkowski

Abstract

The aim of the article is to present cognitive challenges in the area of management. Researchers and reflective managers still work on the identity of management belonging to the social sciences. The paper depicts the connections between cognitive problems (from the epistemological point of view), management methodology and social practice. Management sciences are parts of historical discourse and because of that epistemological and methodological levels have an impact on social practice. The main concern of this paper is the role of the management scientist, consultant and teacher. The analysis suggests that academic teacher and researcher are social roles with a character that can be called universal. Practitioner is associated rather with pragmatic aspect of management science. Practitioners are often regarded as managers, but their roles in the organisation might as well be non-managerial.

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Łukasz Sułkowski

interdisciplinarity, “Policy Sciences”, 32.4, pp. 327-337. Burrell G., Morgan G. (1979), Sociological Paradigms and Organisational Analysis, Heinemann, London. Chouliaraki L., Fairclough N., Critical discourse analysis in organizational studies: Towards an integrationist methodology, “Journal of Management Studies”, 47.6, pp. 1213-1218. Chrisman J.J., Chua J.H., Sharma P. (2003), Current trends and future directions in family business management studies: Toward a theory of the family firm, “Coleman white paper series”, 4, pp. 1

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Paweł Trippner

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

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Joanna Kijewska and Witold Nowak

Paper 2011-085. Schlüter A. (2007), Institutional change in the forestry sector – The explanatory potential of New Institutional Economics , „Forest Policy and Economics”, 9. Sienkiewicz P. (1987), Cybernetyka: teoria efektywności systemów , Ossolineum, Warszawa. The report: A new ranking of the world’s most innovative countries: Notes on methodology, An Economist Intelligence Unit report sponsored by Cisco Limited 2009. Tolbert P.S., Zucker L.G. (1996), The institutionalization of institutional theory [in:] S. Clegg, C. Hardy, W. Nord