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EN
We have the pleasure of presenting to you the next issue of our journal “Research Papers in Economics and Finance” (REF), published by the Faculty of Economics at Poznań University of Economics and Business. Bearing in mind the highest level of our publications, we publish only the manuscripts which have passed at least two reviews under the “peer review” procedure, after initial verification by the Editorial Committee. The articles published within REF are available online in English and through open access. REF is a quarterly journal, with the fourth issue this year containing five papers.
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Dear Readers, I have the pleasure of presenting to you the second issue of the research journal entitled “Research Papers in Economics and Finance” (REF), published by the Faculty of Economics at Poznań University of Economics and Business.  The first and the second paper were presented during the 10thEnvironmental PhD Candidates’ Conference “Economy. Technology. Society.” (GTS), organised by the Heads of Doctoral Studies together with the PhD Council of the Poznań University of Economics and Business. Five research papers were published in this issue of the journal. The first one focuses on changes in the employment structure caused by the development of automation technologies. The second article presents the role of the social responsibility of the state in shaping the reputation of the largest donors of official development assistance. The third article describes the theoretical background of motivation and market statistics of distressed investments on global mergers and the acquisitions market. Another article focuses onthe efficiency of the R&D sector in the European Union countries. The final article presents the interactions between tax sheltering and other instruments of fiscal policy in Nigeria. Yours faithfully, Katarzyna Woźniak, M.Sc. – Chair of the PhD Council PUEB  
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Dear Readers, We are pleased to present the next issue of the Research Papers in Economics and Finance published by the University of Economics and Business in Poznan, Poland. We have selected five articles from different parts of Europe. This issue opens with a great paper, which received three excellent reviews, written by Mihaela Simionescu from the Institute for Economic Forecasting of the Romanian Academy entitled “Bayesian combined forecasts and Monte Carlo simulations to improve inflation rate predictions in Romania”. The author has proved, using empirical data for Romania, that the Bayesian combined forecasts using experts’ predictions as priors, when the shrinkage parameter tends to infinity, improved the accuracy of the predictions based on individual models. The second paper entitled “Risk management system references in construction” has been written by four authors: Volodymyr Tkachenko, Maryna Klymchuk, Tetiana Ilina from Kyiv National University of Construction and Architecture and Iryna Tkachenko from the Academy of the State Penitentiary Service in Kyiv, Ukraine. In this paper the authors examine the basic methods of risk management in construction: avoidance of risk, localisation, dissipation and compensation. Formalised functional structuring of risk management in construction was proposed, allowing for the implementation of management functions at two levels – executive and coordinating, with the help of a special structural component in the enterprise management system or a specialised unit in the organisational structure. The next paper concerns “Information demand of foreign labour market from the point of view of Chinese students”. This paper has been written by Anna Pilarczyk and Tomasz Naprawski from the University of Szczecin, Poland. The authors have used the companies’ and students’ surveys which identified the main problems facing employers (like a small number of applicants or lack of expertise and experience) and foreign employees (like organisational problems or formal requirements in a foreign country) during the job application process. The proposed information-logistics engine was designed as a core for the software architecture of target-oriented application, in which the user requirements are not clear but have the highest priority. The fourth paper has been created by Joanna Ratajczak from the University of Economics and Business in Poznan, Poland, and concerns “Recruitment and motivation of Generation Z in the face of the employee's market”. The study involved 390 students in Leszno, Poland. The author has proved that despite the low level of unemployment and the problem of finding people willing to work in Leszno in 2018, employers did not fully respond to the expectations of young people. The employee market in the opinion of the employees themselves, especially in smaller towns, where a low unemployment rate is observed, does not translate into improved employment conditions. The last paper entitled “Statutory regulations and corporate governance standards in cooperative banks” has been written by Mikołaj Jalinik from Bialystok University of Technology, Poland and Krzysztof Łukaszuk from the Cooperative Bank in Bielsk Podlaski, Poland. According to the authors’ research, although the regulations of the European Parliament duplicate the solutions already existing on the domestic legal grounds in some areas, they are part of the general policy and practice of developing financial sector regulations, unifying requirements for financial institutions and raising standards in the area of corporate governance. In the case of cooperative banks, doubts arise as to whether, being entities different from commercial banks, implementing solutions (including those of the European Parliament) under pressure from the regulator, the results obtained will prove to be adequate to the specificity of the entities covered by it. Yours faithfully, dr hab. Piotr Lis, prof. UEP - Editor in Chief
EN
The article focuses on selected aspects of the activities of the Poznań University of Economics and Business, which is marking its 90th year in existence. The article was written by six senior academics tied to the university: Ryszard Domański, Marian Gorynia, Bohdan Gruchman, Witold Jurek, Emil Panek and Maciej Żukowski. The first part of the article discusses the legal basis of the university’s existence. The second part focuses on faculty issues, including a presentation of the university’s authorities throughout its history. The next section analyzes the teaching agenda of the Poznań University of Economics and Business, highlighting the evolution of the forms and fields of study as well as trends in student numbers. In the part devoted to academic research, the article describes the activities of the main research schools that have operated during the university’s 90‐year history, listing their chief representatives. The fifth part of the text presents holders of honorary doctorates conferred by the university. The last section describes the work of the Partner Club of the Poznań University of Economics and Business.
PL
Celem artykułu jest prezentacja wybranych aspektów funkcjonowania Uniwersytetu Ekonomicznego w Poznaniu w okresie 90 lat istnienia Uczelni. Artykuł został przygotowany przez sześciu rektorów Uczelni: Ryszarda Domańskiego, Mariana Gorynia, Bohdana Gruchmana, Witolda Jurka, Emila Panka i Macieja Żukowskiego. W pierwszej części opracowania omówiono podstawy prawne istnienia Uczelni. Drugą część poświęcono zagadnieniom kadrowym, włącznie z przedstawieniem władz Uczelni w całym okresie jej istnienia. W kolejnym fragmencie opracowania zanalizowano działalność dydaktyczną Uniwersytetu Ekonomicznego w Poznaniu ze zwróceniem szczególnej uwagi na ewolucję form i kierunków studiów, a także na tendencje w zakresie liczby studiujących. W następnej części artykułu uwagę skupiono na prowadzeniu badań naukowych. Wyodrębniono i zaprezentowano działalność najważniejszych szkół badawczych, jakie powstały w okresie 90 lat istnienia Uczelni, wskazując na ich najważniejszych przedstawicieli. W piątej części tekstu przedstawiono doktorów honoris causa Uczelni. Ostatni fragment poświęcono zaprezentowaniu działalności Klubu Partnera Uniwersytetu Ekonomicznego w Poznaniu.
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