Editorial

<abstract xmlns="http://www.w3.org/1999/xhtml">Research about the phenomenon of rapid internationalization of small and medium size companies has evolved over the last two decades. Nevertheless, questions about business models or value creation in born global enterprises are rarely addressed in the literature. The objective of this article is to develop a theoretical framework for analyzing the sources of value creation in the business models of international new ventures (INV) global companies, starting with adapting the model by Amit and Zott [<xref ref-type="bibr" rid="j_ijme-2017-0009_ref_002_w2aab2b8b8b1b7b1ab1ab2Aa">2001</xref>, <xref ref-type="bibr" rid="j_ijme-2017-0009_ref_048_w2aab2b8b8b1b7b1ab1ac48Aa">2010</xref>] to early internationalizing venture. Current literature on international entrepreneurship, business models and value creation is also used as a basis for suggesting future empirical research recommendations.</abstract>

Sources of Value Creation in Born Global Companies

<abstract xmlns="http://www.w3.org/1999/xhtml">Dynamic relations among supply chain members have forced some changes in those members’ business philosophy. One such change involves Corporate Social Responsibility (CSR), which posits an alternative attitude for companies towards business, the natural environment and society. The supply chain structure provides an excellent framework to disseminate the CSR idea among other members. That process is affected by different factors, including the level of internationalization of a given business. The purpose of this paper is to specify relations between the international nature of operations and CSR approach in 150 Polish companies. To better understand these relations a literature review and statistical analysis are conducted. Methods used in the quantitative analysis are a frequency analysis (with usage of One-Sample Kolmogorov-Smirnov and One-Sample Chi-Square tests) and a correlation analysis (Spearman ratio). This research addresses a gap concerning international aspects of supply chain operations and its CSR sensitivity. The results can be used to support supply chain decision makers when applying CSR in their companies as well as can be an outgoing source of data for further, more detailed research.</abstract>

International Scope of Operations and the Nature of Supply Chain Members’ CSR Policy

<abstract xmlns="http://www.w3.org/1999/xhtml">In an open and digital economy where ICTs, global networks and innovation systems play a key economic role, knowledge used by companies is increasingly gathered using different external sources. Rapidly changing technology enables companies to use new ways to innovate. New innovation processes permit companies to reduce risk and the costs of innovation. New paradigms, called open innovation and co-innovation, allow organizations to remain innovative in a rapidly changing environment. The objectives of this paper are: to provide a better understanding of open innovation and co-innovation paradigms and to suggest instruments for organizations to benefit from co-innovation ecosystem.Internet empowered ICT tools can be the first step for an organization to initiate implementation of a digital strategy. To gain incremental, tacit, organizational knowledge or marketing skills, a new innovation strategy should involve networking through social networks and virtual communities. Digitalization of innovation activities constitutes a new important role for innovation networks and ecosystems, including global innovation networks, as knowledge and technology are no longer owned by a single firm or country. This paper attempts to prepare the theoretical background, for empirical studies on the impact of new innovation processes on company innovation and their competitive advantages. The study is descriptive and analytical, building on the theory and empirical results of previous studies on new, digital innovation models.</abstract>

External Knowledge Sourcing and Innovation Processes in Modern Economic Environment

<abstract xmlns="http://www.w3.org/1999/xhtml">The subject of the deficiency judgments has been poorly examined due to a lack of relevant data and the complexity of the issue. Some comprehensive studies have explored whether allowing deficiency judgments decreases the likelihood of strategic defaults in the U. S. mortgage market. Little, however, has been done to determine whether there is any direct correlation between legal standing allowing recourse and loan pricing. Hence, additional work regarding this subject is needed.This study seeks to fill this gap by exploring the impact of allowing deficiency judgments on mortgage pricing policy in various U. S. states. Seven distinctive mortgage types in two groups of states were compared. We conclude that there is no statistically significant difference between recourse and non-recourse states in terms of mortgage pricing, regardless of mortgage type.</abstract>

Deficiency Judgments as a Mortgage Pricing Factor

<abstract xmlns="http://www.w3.org/1999/xhtml">The world’s cruise corporations regularly purchase large, luxurious cruise ships. In accordance with the Cruise Line International Association, 33 new ocean cruise ships will be available on the market by 2020. These types of capital expenditures are associated with large financial outlays of up to $ 1 billion. The leading cruise corporations are not able to finance purchases of new units with their own resources and therefore look for different solutions. Available publications focus mainly on issues related to purchasing cargo ships, not cruise ships. The objective of the article is to identify sources of funding of new cruise ships. Our analysis identifies the average capital expenditure associated with purchasing new cruise ships and factors that influence it. The most popular methods for raising such capital are also provided. Our research methodology relies on data exploration method, a desk research method and comparative analysis.</abstract>

Methods of Raising Funds for Purchasing of New Cruise Ships by International Corporations

<abstract xmlns="http://www.w3.org/1999/xhtml">The recent rapid growth of the tourism and hospitality industries raises a question about the quantity and quality of the workforce needed in these sectors. In the tourism/hospitality industry, where most services are delivered directly by employees, competitive advantage is primarily attained through people (employees), who are perceived as an integral component of tourism experience. This creates challenges for an industry suffering from high rates of staff turnover, especially of young employees who leave their jobs after graduation, choosing other career paths.This study presents the job related motivators that students found important when considering their future careers, and investigates the extent to which those motivators can be found in the tourism and hospitality industry. Is the industry able to offer the motivators that will keep the employees willing to choose this particular path? We focus on two groups of potential employees – Polish and Spanish students. The study reveals that both groups generally do not believe that a career in the TH industry offered these motivating factors. We also contrast and compare both groups’ perceptions in this area.</abstract>

The Perception of Job-related Motivators When Choosing a Career in the Tourism and Hospitality Industry – A Comparative Study Between Polish and Spanish Students

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International Journal of Management and Economics

 IJME is a platform for scientific discussion and knowledge sharing open for all researchers worldwide.  IJME aims to enhance the body of knowledge in a variety of economic disciplines, such as economy, management, business administration, finance, marketing, logistics, entrepreneurship, etc. IJME is focused on international economic problems and research, however the single country perspective enabling the international comparisons is also welcome.  IJME accepts original works, substantively different from papers previously published or being under review elsewhere.  Rejection Rate   50%   The journal of the SGH WARSAW SCHOOL OF ECONOMICS Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 