Journals UITM University of Information Technology and Management
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AVIATION DISASTERS AND ACTS OF TERROR EFFECTS FOR THE MARKETS AND AVIATION COMPANIES
No full textIt is not possible to eliminate all aviation disasters and acts of terror. The impact of such events are relevant and extremely harmful. For the markets, just to list some of the effects, these include economic slowdown, higher unemployment and tangible losses. Whereas for aviation companies the worst thing that follows such an event is an income decrease. Moreover, tragic accidents in aviation cause an increasing amount of total costs. The main aim of this article is to present the consequences of aviation disasters and acts of terror for markets and aviation companies. The article also presents an objective level of probability of such events
TRANSNATIONAL CORPORATIONS AND THE PRESENT STAGE OF GLOBALIZATION
No full textTransnational corporations - corporations which operate in more than one country at a time - have become some of the most powerful economic and political entities in the world today. These corporations’ home bases are concentrated in the Northern industrialized countries, where ninety percent of all transnationals are based. More than half come from just five nations: the United States, Japan, France and Germany. The purpose of this article is to show how globalization has influenced the functioning and development of transnational corporations and how the paradigm of globalization will determine transnational corporations’ further development
CONTROLLABILITY OF VARIOUS VERSIONS OF RESIDUAL INCOME
No full textResidual income should be considered a specific class of metrics rather than just one particular metric. There are at least several concepts of the way residual income should be measured known today. They differ in the degree to which expectations concerning future performance are included in the formula (through economic values). This determines controllability of the measure. High controllability is considered one of two primary properties of a good performance metric (the second one is high goal-congruity). From this perspective, residual income variants known today can be divided into three groups having different levels of controllability: low (expectations affect return on capital as well as cost of capital in the residual income formula), medium (expectations affect only one variable in the residual income formula) and high (expectations do not affect the residual income formula)
CREDIBILITY OF SOCIAL RESPONSIBILITY REPORTS IN THE CONTEXT OF INVESTOR RELATIONS
No full textThe new role of a company in a global economy contributed to the incorporation of corporate social responsibility aspects in companies’ management systems. The mission and strategy of a successful company must have not only economic, but also social and environmental scope. While financial statements remain the primary source of information on financial performance and profits, corporate social responsibility reports show how responsibly a company is operating. In this manner, such reports have become an non-obligatory part of today’s business reporting, and investor relations’ mechanisms. Reports differ in their content and quality, so they are not equally useful for investors. To provide credibility, reports should be prepared in accordance with international standards and guidelines for sustainability reporting, and they should be verified by an external assurance provider
YOUTH ENTREPRENEURSHIP VS. DEMAND FOR SEED CAPITAL
No full textAccording to research conducted by many academic institutions a lot of young Poles are going to run their own businesses. The most frequent fields of planned enterprises are: trade, finances, IT, e-business, construction, consulting, marketing and advertisement, public relations and foreign languages. The future entrepreneurs indicate however many barriers constraining the realization of their dreams about own business. The research done among students in Rzeszow show that the most important constraint is lack of capital. Next are administrative procedures and psychological barriers. Half of the respondents admit that they don’t know possible sources of capital for setting up a business. The reaction for the demand for early stages business’ financing is creating seed capital funds and developing business angels networks. Students are also interested in broadening knowledge related with setting up and running the business. The research among graduates from universities is rather sad kind of a verification of entrepreneurial students’ plans. To conclude, the universities should support academic entrepreneurship to introduce innovative ideas into practice by organizing capital, consulting and trainings and by setting up academic incubators
THE IMPACT OF FOREIGN STOCK EXCHANGES ON THE MAIN STOCK EXCHANGE INDEXES IN POLAND
Get PDFIn this paper the author compared 13stock exchange indexes of American, British and German markets and determined their impact on Polish Wig and WIG20 indexes. The analysis proved that the British FTSE100 and FTSE250 as well as the German DAX had the biggest influence on the Warsaw indexes. The relations among all these indexes were also heavily influenced by the Russian and American economic crisis and Poland’s access to the European Union
WHY THE RETIREMENT SYSTEM IN POLAND HAD TO BE REFORMED
No full textSociety in general was highly dissatisfied with the former Polish pension system. It was costly, unstable and unfair. In addition, demographic changes deepened this dislike and forced the necessary reform. This article points out the most crucial justifications for the implementation of Polish pension reform
POLISH FINANCIAL SECTOR IN THE TRANSFORMATION PERIOD: FINANCIAL SECTOR INTEGRATION WITH THE EU AND CONCLUDING REMARKS
Get PDFOn May 1, 2004 after several years of preparation Poland joined the European Union. Since that date the Polish financial sector also became part of the single EU financial market
