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The Board of Directors, Leading Firms and Sectors. An Attempt of Data Mining Based Description

100%
Karbownik K., Boguta M., Wrzosek M.
Roczniki Kolegium Analiz Ekonomicznych
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2007
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vol. 17
41-62
EN
The relations between attributes describing the Board of Directors and the economic performance of a relevant company, and that of the sectors in national economy are investigated. The Principal - Agent Theory and the Game Theory cannot be used in satisfactory way to verify economic behavior arising in particular situations, because they operate on general concepts. The paper presents an attempt to reformulate this issue, taking it into account when explaining the process of operational decision making. The usual focus on what the Boards of Directors do, how their composition may affect it, and what should be done to improve their effectiveness is extended to include the issue of criteria used in Board selection process. Search for empirical regularity within director's selection process leads to learn how directors are chosen and to understanding corporate organization and governance.
2
Content available remote

Influence of the Education on the Level of Unemployment in European Countries

100%
Wrzosek M., Karbownik K., Boguta M.
Roczniki Kolegium Analiz Ekonomicznych
|
2007
|
vol. 17
101-118
EN
The results of an empirical survey on the relationship between unemployment rate and selected macroeconomic indicators are presented. The goal of the analysis was to verify the hypothesis on significant correlation of the level of unemployment and the society's level of education. In addition, an investigation on the strength of the relationship between unemployment level and education linked with labor policy was conducted. Two hypotheses were investigated. The first one states that within the group of 29 surveyed countries separate subgroups, internally coherent can be distinguished. The second hypothesis postulates that the unemployment rate depends stronger on the level of expenditures and other indicators linked to education or development than on active labor market policies.
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