Journals UITM University of Information Technology and Management
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TAX INCENTIVES AS AN INSTRUMENT ATTRACTING INVESTORS TO SPECIAL ECONOMIC ZONES
Get PDFSpecial Economic Zones have been operating in Poland since 1994 and are still growing. Tax incentives being offered in these Zones, as good infrastructure and administration support, are supposed to be attractions for newly established companies. The purpose of this article is to investigate whether tax incentives have an impact on the decision process of locating the investments in Special Economic Zones in Poland. The article presents a preliminary study, based on results of a questionnaire survey conducted among companies located in SEZ in Poland and presents subjective opinions of the investors about tax policy in SEZs. Results show that tax incentives are an important instrument attracting investors to Special Economic Zones. As the following analysis presents, tax reliefs seem to be an important investment incentive, however, the importance of income taxes is greater than the local costs to doing business. There are also some differences in evaluating tax support depending on a company’s size and the level of support in a particular region. 
HOUSEHOLD FINANCIALIZATION – SENSE AND SCALE OF THIS PHENOMENON ON THE EXAMPLE OF POLAND
Get PDFThe subject of the study is the phenomenon of household financialization. In the first part of the article a sense of this situation and its influence on the different functioning areas of the households (income, expenses, financial decisions) is described. What is more, the positive and negative effects of this process for the households’ financial stability were defined. The next part of the article contains an analysis of the households financialization processes in Poland in the years 2005-2015. On the side of household savings, the analysis included the level and the structure of financial assets. The second area of evaluation of the household financialization processes was bank debt analysis, including mortgage debt. In the elaboration comparative analysis was used, which means that Polish household structure of financial assets and the level of debt were compared to the European Union countries. 
ENTERPRISE RISK MANAGEMENT AND ITS INFLUENCE ON INVESTMENT PROFITABILITY ANALYSIS
No full textZarządzanie ryzykiem w przedsiębiorstwie może pociągać za sobą konieczność uwzględnianiaw przedsiębiorstwie pewnych kosztów związanych z zarządzaniem ryzykiem. Koszty te mogąwpływać na przepływy pieniężne, które są brane pod uwagę w przypadku analizy opłacalności przedsięwzięć inwestycyjnych. Aby uwzględnić wpływ zarządzania ryzykiem na analizę opłacalności, należy wskazać metody pomiaru ryzyka i ocenić ich wpływ na analizę opłacalności przedsięwzięćinwestycyjnych1. Do najczęściej wykorzystywanych metod pomiaru ryzyka należy metoda wartości narażonej na ryzyko oraz metoda przepływów pieniężnych narażonych na ryzyko2. W opracowaniu przedstawiono, w jaki sposób przedsięwzięcia inwestycyjne wpływają na mierniki ryzyka oraz jak wpływ ten znajduje odzwierciedlenie w analizie opłacalności
EFFECTIVE STRATEGY FOR IMPLEMENTING STATE FINANCIAL ASSISTANCE IN THE USE OF ALTERNATIVE ENERGY TECHNOLOGIES FOR CRITICAL INFRASTRUCTURE ENTERPRISES UNDER ELEVATED NATIONAL SECURITY THREATS
Get PDFThe purpose of this article is to present a contemporary methodological approach to developing an effective strategy for implementing state financial assistance in the use of alternative energy technologies for critical infrastructure enterprises. The object of the study is critical infrastructure enterprises. The scientific task involves modeling that would allow the formation of an effective strategy for implementing state financial assistance in the use of alternative energy technologies for critical infrastructure enterprises. The research methodology includes the application of the IDEF0 method to construct a model for implementing state financial assistance in the use of alternative energy technologies for critical infrastructure enterprises. As a result of the conducted research, a decomposition of the context diagram was proposed to improve the efficiency of implementing state financial assistance in the use of alternative energy technologies for critical infrastructure enterprises. The study is limited by considering only critical infrastructure enterprises in Ukraine. Prospects for further research will include considering enterprises from other countries, particularly Poland
Functorial Lie Groups
Get PDFIn this paper we present the concept of a functorial Lie group. We enrich the space with parametric points and consider the structure as C∞ - algebra [Pysiak et al. 2020]. We get varied spaces. Taking the Lie group as a space, we construct the functorial Lie group with parametric points. We also consider the Lie algebra of the functorial Lie group and construct the functorial exponential map
THE DIVIDEND POLICY OF REAL ESTATE DEVELOPMENT COMPANIES LISTED ON THE WSE IN POLAND
Get PDFThe aim of the arti cle is to analyze and identi fy the dividend policy adopted by real estate development companies listed on the WSE. The fi rst regular dividend paid by these enti ti es was in 2007. Only 12% of real estate companies listed on the WSE regularly paid dividends. 48% of the surveyed companies declared that their priority is development and recommended - due to the signifi cant investment needs, and to provide liquidity - leaving their profi ts in the company. In 40% of the development companies, decisions regarding the distributi on of profi ts bear the markings of residual dividend policy. The economic situati on in the constructi on industry, observed in 2007-2013, was an important factor infl uencing the fi nancial situati on of these companies resulti ng in dividend policy decisions. Most realtor companies have taken the decision to pay dividends in the years 2008 and 2011. This means that the situati on in the previous year was an important factor infl uencing the decisions regarding the distributi on of real estate development company profit. 
FINANCIALIZATION OF THE ECONOMY AND THE NEED FOR PERSONAL FINANCE ADVISORY SERVICES
Get PDFFinancialization on of households is a result of the growing role of financial systems and instrumentsin the economy. The increased role of financial phenomena in financial and non-financial decisionstaken by households is not proporsal onal to capabilities es of their perception on and understanding byhouseholds which possess basic knowledge in fi nance. The missing link between institutions andfinancial markets off ering more complex financial solution ons and the consumer may be a financialadvisor who can perform many important roles with respect to households. The aim of this articleis to present financialization on of the economy and households and the role that can be played byfinancial advisors in decreasing the imbalance of information on between the consumer and fi nancialinstitution ons, as well as the lack of symmetry in understanding financial information on by the consumer
THE RELATIONSHIP BETWEEN CONCENT TION OF THE BANKING SECTOR IN POLAND AND ITS SOUNDNESS
Get PDFEach year assets of the banking sector in Poland increase and thereby its significance in the real economy increases as well. At the same time, the ongoing consolidation process and changes in the ownership structure cause the Polish banking sector to play a substantial role not only on the local financial market, but on the European market as well and Polish banks are becoming more and more significant entities in their international banking groups (both in Europe and worldwide). However, the perspective of concentration increase and restriction of the Polish banking sector to a few operating banks (dominated by entities with foreign capital) is a source of distress in the context of its soundness – and due to its significance in the Polish economy – to the whole financial sector and real economy. The main goal of this article is to analyse the changes of concentration in the banking sector in Poland, including the ownership concentration, while attempting to determine its soundness (using the financial stability ratios method) The purpose of the study is also to prove a thesis that limited concentration with diversification of the ownership structure and its limited concentration favours thesoundness of a banking system