Journals UITM University of Information Technology and Management
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THE ACTIVITY OF FOREIGN VERSUS LOCALLY - OWNED COMPANIES: FINANCIAL PERSPECTIVE
Get PDFThe aim of this paper is to compare the financial effects of domestic and foreign companies activities on the basis of two randomly chosen enterprises. It is argued that foreign companies are the carriers of modern technologies what have the influence on financial results obtained by them. However, their successes cannot be attributed only to better innovativeness but also to better use of borrowed capital. Higher proneness to risk resulting from financing the company activities from external sources in the long-term perspective may bring the company higher profitability and, in consequence, contribute to faster development of the enterprise
PROSPECTS OF POLAND’S SOCIO-ECONOMIC DEVELOPMENT IN LIGHT OF STATISTICAL DATA
Get PDFThe objective of this paper is to evaluate, in light of statistical data, Poland’s capacity for dynamic development in the future and its possibilities for the attainment of its ambitious economic and social goals. The analysis was based on the latest available data drawn primarily from Eurostat. They concern a number of EU countries, chosen as the reference countries in the paper. The Author discusses different measures for the evaluation of the economic and social processes to assess Poland’s development opportunities in the coming years. For the sake of simplicity of presentation, the Author has divided the measures into short- and long-term indices. Short-term analysis shows that Poland is successful in the short run. Unfortunately, long-term indices, which are rarely discussed by the public, reveal a grim picture of the performance of Poland in comparison with the reference EU countries. The Author concludes that Poland is a country which does not pay much attention to its long-term socio-economic development
DIVERSIFICATION OF INVESTMENT PORTFOLIOS AS AN INSTRUMENT USED BY INSTITUTIONAL INVESTORS IN THE CAPITAL MANAGEMENT PROCESS
Get PDFThe paper presents the essence and ways of limiting the level of investment risk through the processes of diversifying the composition of investment portfolios. The paper shows types of deposit portfolios. The author analyzed the profitability of deposit portfolios with various share of high-risk instruments in 2005-2010 as well as the influence of the recession in 2007-2008 on the profitability of particular investment portfolios
SEPA – NEXT STAGE IN EUROPEAN MONETARY INTEGRATION AFTER EURO LAUNCH
No full textEver since euro banknotes and coins were launched in 2002 consumers in eurozone have been entitled to pay with single currency. The next stage in payments unification seems to be creation of new conditions under which every eurozone consumer would benefit from cash-free payments using only one account. This account will be based on the same regulation regardless the place of residence of each customer. The operation is going to be supported by the SEPA (Single Euro Payments Area) system. The main goal of the paper is: - to present SEPA as a system some people may become interested in, - characterize SEPA tools, - demonstrate legal regulations SEPA is based on, - analyze costs and profits of SEPA
PRIVATE EQUITY FUNDS IN TIME OF CRISES
No full textThe financial crisis has had a big influence on every financial institution – amongst them there are private-equity funds (PE funds). The influence of financial crises on PE funds is diversified. It is connected with high diversification of PE funds. The main aim of the article is to show which PE funds are affected by crises in a negative way and which of them – in positive way. The article consists of three parts. The first one discusses the nature and the diversification of PE funds. The influence of financial crises on separate groups of PE funds are shown in the second part. The third part – conclusions – shows the main conclusion: this is that PE funds are one of the few financial institutions which could protect themselves against negative effects of financial crises
RELATIONS BETWEEN MONETARY AND FISCAL POLICIES IN POLAND IN THE LIGHT OF INTERNATIONAL STANDARDS OF FISCAL TRANSPARENCY
No full textNiezależność banku centralnego od władzy wykonawczej jest jedną z podstaw ustrojowych demokratycznych państw z rozwiniętą gospodarką rynkową. Jest to zarazem nieodzowny warunek za-równo skuteczności polityki pieniężnej, jak i skuteczności polityki fiskalnej. Jest to też jeden z naj-ważniejszych standardów przejrzystości finansów publicznych, co oznacza, że jest to powinność władzy wobec społeczeństwa. II Rzeczpospolita uznała zasadę niezależności banku centralnego już w pierwszych latach swego istnienia, a obowiązujące regulacje – co w głównej mierze uznać należy za zasługę Władysława Grabskiego – odpowiadały ówczesnym poglądom określającym rolę i ustrojową pozycję banku centralnego. Okres realnego socjalizmu w Polsce i w tej kwestii spowodował regres. W centralnie sterowanej gospodarce dla banku centralnego nie było miejsca. Rozpoczynając w 1989 r. proces zasadniczej przebudowy politycznego i gospodarczego ustroju Polski, ekipa Mazowieckiego i Balcerowicza stanęła wobec konieczności przywrócenia NBP jego właściwej roli. Zadanie to kontynuowały później –z różnym przekonaniem i zaangażowaniem – kolejne ekipy rządowe. Jak można ocenić stan dzisiejszy? Czy mamy w Polsce prawdziwie niezależny bank centralny? Czy spełnione są zasady uznawane dziś za standardy demokratycznej gospodarki rynkowej? Na te pytania spróbuję – w bardzo skrótowej formie – odpowiedzieć w tym artykule
