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Mobilność spółek w systemie prawa handlowego

100%
EN
From the point of view the object of their business is particularly important to facilitate offered by individual nation-states in their internal legal regulations, backed by the conflict of laws (from Lat. Lex fori). Knowing this and using the same instruments, the EU sets supranational legal norms, which in its fundamental importance to promote the expansion of domestic companies outside the current area of their activity, in this way as far as possible to facilitate their functioning and development opportunities. These goals crystallized mainly in the two conditions occurring in the regulations of the Treaty on the Functioning of the European Union, namely the principle of freedom of establishment for EU citizens and the freedom of entrepreneurship, which in its main premise unrestricted grant to the possibility of moving from one territory to another Member State of European Union, thereby increasing the intra mobility of foreign companies.
Zarządzanie i Finanse
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2012
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vol. 4
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issue 1
263-286
EN
In the national reference books, we observe a unilateral increase of interest in methods of assessing the financial standing of a company, accompanied by excessive and uncritical fascination with methods formulated several dozen years before in incomparable conditions of management, as well as a negative phenomenon of applying the financial analysis methods due to their mathematical or statistical sophistication, disregarding assessment of their relevance and reliability of the obtained empirical results. The paper attempts to evaluate critically numerous cases of occurrence in the national reference books of factual errors, inconsistencies in terminology and methodological simplifications in the presentation of assumptions (and even examples of their practical application) for selected discriminant methods and evaluation of the four banking methods of evaluating the financial standing of a company, with a particular emphasis on the industry-specific criterion in reference to the examined company. As shown by the discussed considerations, the industry-specific criterion of the examined company is rarely included in the synthetic methods for assessing the financial standing of companies, both in the discriminant and logit models, as well as the scoring method of assessing banking risk and its numerous modifications. We observe a common phenomenon of "fetishizing" these methods, consisting in assigning them values of universality, often contrary to methodological intentions and warnings formulated by the authors of these methods. Also surprising is underestimation of the importance of the industry-specific criterion in most of these banking methods for assessing the financial standing of a company, or simulation that this criterion has been taken into ac-count (for example, in the method variant for housing associations).
EN
The article presents the application of the Vector Autoregressive Model (VAR) to relationships between economic processes from profit and loss account, and balance. The empirical part of the article has two VAR models. The first one shows an approach to modeling of a company's net income and the second one presents the liquidity analysis of a company.
EN
The author of this article not only attempts to identify the most important causes of knowledge asymmetry within network organization by presenting the complexity of this issue but also indicates the reasons for knowledge disharmonious development. Being focused on the negative results of knowledge asymmetry the author shows that synergic effect within the net of relations may be achieved through the proper cooperation of economical partners. Moreover, the author of this article makes a hypothesis that knowledge asymmetry within a network results in decrease of network companies' market value. In the final part of the article the author presents the factors which are responsible for the disruption of relations between companies and which are usually caused by an inconsiderate management of the intangible asset, namely, the knowledge.
EN
The human resources are one of the most important topics when you talk about the value and importance of a company itself. The article tries to show the different aspects where the human resource affects a merger in the different states of a merger process, especially to the pre-merger-phase, and to which problems it can lead when you not pay attention to it. Finally the question, which is indeed the most important aim concerning mergers namely: how and in which degree the human resource effects the goodwill, is tried to answer.
Kontrola Państwowa
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2011
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vol. 56
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issue 5(340)
109-125
EN
The article presents detailed regulations related to opportunities for limiting the accumulation of the function of a supervisory board member of a joint-stock company in other entities. They are mainly related to persons who perform public functions and to companies with the share of the State Treasury. The author emphasises that the binding regulations lack a general principle that would ban a joint-stock company supervisory board member from being appointed to the board of another company within the same capital group. He also indicates consequences that such practices have for their performance.
EN
Competition in the economy is a general model of competition. Competitions, which take place in other spheres of life, have many parallels to the competition in the economy. Economic competition can therefore be used as a model that will be the benchmark for the definition of competition in other areas. Similarly to the model of economic competition, where individual businesses compete with each other, in regulatory competition model individual states compete with each other. The purpose of it is achievement of a high degree of production factors' concentration in the country and seizure of additional income. This phenomenon causes different assessment, from the denial of it, to recognition as a phenomenon. There are several conditions, which should be fulfilled, to assure an effective regulatory competition, and now it is very difficult to meet them.
EN
Over the last several years there has seen a dynamic development of methods and techniques of logistics management in enterprises. For the efficient functioning of all trade and manufacturing companies, regardless the core of its production and the scale of its activities, it is necessary to acquire resources. Mismanagement of resources translates directly into company performance. High quality of the finished products guarantees the success of the company. Customer satisfaction plays an important role. An appropriate use of its infrastructure and support programs, can contribute to the increased effectiveness of the company.
EN
The process of privatization of companies basically generates the transfer of ownership of companies, which leads to the change of management form to private companies and persons. The subject of this research is to determine the scopes and challenges of the privatization process in the Republic of Serbia. The goal of the research is to define the level of applicability and adaptability of privatization models under transitory conditions. The basic hypothesis of the research is that there is a correlative relationship between the numbers of offered and sold companies and the methods used. The results of this research will indicate the scopes, challenges and efficiency of the privatization processes in Serbia, appropriately providing a scientific background for further research in the area. The object of the research are the scopes and challenges of privatization in the case of the Republic of Serbia with a special overview on the Autonomous Province of Vojvodina as the most developed region of Serbia and under the hypothesis that the effects of privatization on the territory of AP Vojvodina are greatly felt on the whole territory of Serbia.
EN
The article is devoted to topical issues of raising utility tariffs and tax revenues, as one of the main filler budget of Ukraine. The article analyzes the problem of tax avoidance, studied the causes of "black" salaries and the consequences for workers and the employer at payment of of such salaries, analyzes the problems of legalization of wages in context of permanent economic and political changes. It is proved that enterprises of different ownership forms, evading existing laws, develop various schemes of payment of wages "in envelopes", or "black" wages. Defining characteristics of "black" cash payments to employees and the scheme of "black" wages, benefits and drawbacks of its shadowing. It is proved that raising the minimum wage contributes to a positive increase in the official part of the wages of unscrupulous employers. Defined ways to increase the interest of employers in salary legalization.
EN
The article systematizes and analyses the latest trends in the market of innovative activity of venture enterprises. An analysis of the role of Ukrainian entrepreneurs-innovators in the development of this form of entrepreneurship in the light of the formation of the "green economy" is conducted. The tendencies of development of venture investments in 2013–2016 are revealed. The role of small and large enterprises in the development of venture business in Ukraine and abroad is analysed. The main trends of innovative development in the Ukrainian economy towards the green economy are determined. The advantages and disadvantages in the development of this direction for the Ukrainian economy are shown. The main further ways of innovative development in the modern economy have been identified. Among them: spread of intelligence in cloud technologies, self-managing systems, the security of the Internet of Things, customer centricity, sharing economy, API economy.
EN
The article describes important challenges faced by managers in the reality of the modern economy. The belief that enterprise value depends on intangible resources connected with the usage of knowledge and the skills of creating the intellectual capital potential is becoming more popular. The author points the attention to the factors and processes influencing the creation of the market value of an enterprise.
EN
Family businesses are generally considered to be different from nonfamily firms. Couple-run companies represent a subset of family business but are often excluded from comparative analyses since they lack one of the basic attributes of family businesses – the intention for succession. The goal of this study is to explore the financial differences between copreneurial firms and other firms where spousal relationships are not involved. We tested the differences between couple-run and non-couple-run companies using the matched-pair investigation. The sample was composed of 130 pairs of companies from the period 2007 – 2012. We used the Student’s t-test to explore the differences in profitability, labour productivity and level of debt, liquidity, and asset management. While copreneurial companies seemed to perform better in terms of operating efficiency (profit margin), they performed worse in terms of labour productivity and asset use efficiency (asset turnover), carried less debt and were comfortable with a lower liquidity.
EN
The European Private Company (EPC) is best understood as part of the effort to provide a uniform statute for a wide group of companies that can operate in and move to any part of Europe under a single set of regulations. Starting from the suggestion that the EPC might increase the level of trade overall, the Author goes on to point out that it may also produce distinct advantages for a wide group of companies. The Author emphasizes the key role that the EPC could play in the development of inward investment in the European Union, particularly in stimulating cooperative joint ventures. What is important, the EPC may be useful to countries that have recently entered or are planning to join the European Union. The article explores three types of tools, which serves the harmonization of the European companies' law.
EN
The contribution opens up the first results of the research that focused on the contact interpersonal communication in terms of the selected company. It is based on the assumption that the communication inside the company is a manifestation of status hierarchies as a reflection of formalized organizational structure. We follow the communication process in the vertical plane (relation of employee – manager, senior manager, social environment, and social situation of communication); in the horizontal plane (relationships within the company, managers, employees, and external environment – economic partners, political and power elites). The third diagonal plane of communication is focused on informal relationships within the communication groups, relations with boss, etc. We follow the organizational culture within the company, unwritten rules of relationships, norms, rituals which build the identity and image of the company and which form employee ś loyalty and pride through social and economic benefits and various forms of staff support.
EN
A review of endogenous growth models is given. The USA can keep up as the global leader thanks to the vast domestic market, the effective corporate sector, capabilities for financing large-scale projects, and, most importantly, the excellent science & technology performance along with perfect education system and innovation capacities. The S&T performance in the USA is shown by use of abundant statistical data (including retrospective ones) on R&D expenditures compared with selected countries of the world, R&D financing by source, R&D expenditures by performing sector, R&D funds of leading universities, R&D funds of universities and colleges by research fields, R&D expenditures and domestic sales of high tech industries. The companies' role in R&D financing is emphasized, with reference to the Bayh-Dole Act as a powerful engine for R&D and technology transfer. The American economy's position in the world market as the largest supplier of commercial knowledge-intensive services, high tech products and information & communication services is shown. Also, concerns of the American scientific community are mentioned: the shrinking share of the USA in the global high tech exports, imbalance between the American investment in high tech and knowledge intensive activities of other countries and the foreign direct investment in these activities in the USA; negative balance of foreign trade in high tech commodities; the degrading quality of education when the demand for qualified workforce is met by immigrants.
EN
Innovative enterprises are the economic growth engine and their activities are closely monitored and evaluated in special journals statistical offices and other institutions dealing with the topic. In order to maintain the competitiveness of innovative enterprises it is necessary to master the sophisticated methods of management in their complexity. Especially project management is becoming an instrument of strategy implementation. For successful development of companies, both in the short-term and the long-term horizon it is necessary to work with the project portfolios. Nowadays, the work with project portfolios and the issues of multi-project management are globally dealt with in numerous professional studies presenting various views and hypotheses of their authors. The aim of the empiric research carried out by the authors of this paper was to show, how these demanding tasks are treated in practice, how the individual approaches are mastered and standardized in modern companies and whether there is any potential space for improvement.
EN
The authors have proposed a methodology for analysing the impact of changes in accounting appraisal methods (with compliance to the harmonization process of IAS/IFRS) on the profit/loss of a company. Using the principles of Gini coefficient, they have derived and designed two measures which can be used for quantifying differences in profit/loss distribution functions of companies. In the empirical part of the paper their results confirm, that the impact of the process of IAS/IFRS implementation in a company may depend on the industry in which it operates. These results have also been confirmed when they reclassified companies into more homogeneous groups using cluster analysis.
EN
For assessing the financial performance of companies in Slovakia there are currently used variety of methods and models that have been developed by mainly foreign experts in the field. These models have been tested in companies abroad in different business conditions in different business environment. That is why they are not so useful for Slovak companies. In this article we aimed to show the possibilities for evaluating the solvency of Slovak companies using M – the model created by scoring functions based on the examination of financial data from the financial statements of Slovak enterprises. The basis of M – the model were data from 11 253 Slovak enterprises.
EN
This paper deals with area of business performance measurement and management. Based on primary data obtained by questionnaire survey current state of performance measurement in Slovakian industrial companies was analysed and then cause and effects relationships between factors influencing performance ware assessed by PLS method. The results were compared with the results of other authors. We found out that strategic orientation, performance monitoring and reward system have positive impact on business performance.
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