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Money Cares. Institutional Entrepreneurship in the Finnish Social Services Sector

100%
Morenheimo P.
Journal of Entrepreneurship, Management and Innovation
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2015
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vol. 11
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issue 2
83-104
EN
Money cares. Institutional Entrepreneurship in the Finnish Social Services Sector
2
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Wpływ teorii makroekonomicznych na etyczną jakość praktyki finansowej

88%
Wiśniewski J. B.
Annales. Etyka w Życiu Gospodarczym
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2019
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vol. 22
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issue 4
7-20
EN
The aim of the present paper is to investigate the logical relationship between the prevalence of specific macroeconomic theories and the ethical quality of practices that take place in the financial markets. The main thesis presented herein is that viewing the financial markets through an appropriate economic framework is a crucial prerequisite of maintaining their ethical foundations and harnessing their ethical potential. Three competing macroeconomic visions – the “animal spirits” theory, the efficient market hypothesis, and the causal-realist market process approach – are assessed with respect to their logically deducible effects on the ethical thinking of financial operators. The main conclusion of the paper is that the causal-realist approach provides the most satisfactory account of the inherent conceptual nature of financial markets, thereby furnishing the best guidance for the development of appropriate professional virtues by their key members.
3

Legal Polycentrism and Contractarianism

75%
Wiśniewski J. B.
Ekonomia. Wrocław Economic Review
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2017
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vol. 23
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issue 2
75-82
EN
According to the contractarian perspective, a public good can be thought of as not so much a good that meets the technical neoclassical criteria of non-rivalness and non-excludability, but as one that is produced on a purely contractual basis, thus necessarily increasing the utility of all the involved parties. In this paper, by critically examining Nozick’s “emergent” contractarianism and Buchanan’s teleological contractarianism, I shall argue that no such contractual origin can be plausibly attributed to territorial monopolies of force, and that therefore legal monocentrism — the view that the public goods of law and defense can be provided exclusively by territorial monopolies of force — fails the relevant efficiency test as conceived on a contractarian basis. This, in turn, implies that legal polyce­ntrism, one of whose constitutive features is precisely its unambiguously voluntary and contractual character, should be considered as a superior system in this context.
4
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Innowacja instytucjonalna w warunkach transformacji otoczenia

75%
Dziubińska A.
Studia i Materiały
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2017
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issue 2/2017 (24), cz.1
48-59
PL
Rozwój działalności biznesowej w otoczeniu rynków wyłaniających się stanowi wyzwanie dla wielu przedsiębiorstw stosujących tradycyjne strategie. Częściowo jest to spowodowane tzw. ograniczeniami instytucjonalnymi. W konsekwencji tego dopasowane do filozofii rynków dojrzałych modele biznesowe mogą wymagać rekonfiguracji. Konieczna jest identyfikacja morfologii otoczenia, która może okazać się trudna dla przedsiębiorstw spoza danego rynku. Dodatkowym aspektem, który należy wziąć pod uwagę jest fakt, że transformacja instytucjonalna powoduje, iż otoczenie jest bardzo zmienne, co pociąga za sobą konieczność ciągłej rewizji założeń dotyczących konfiguracji źródeł wyników firmy. Celem autorki jest określenie roli instytucji rynków wyłaniających się w replikacji lub innowacji modelu biznesu. W realizacji postawionego celu wykorzystane zostaną wyniki własnych badań, zrealizowanych na podstawie metod jakościowych (case study). Uogólnione wnioski posłużą do sformułowania wytycznych w radzeniu sobie przedsiębiorstw w warunkach niepewności otoczenia.
EN
The development of business activity in the emerging market environment poses a challenge for many enterprises applying traditional strategies. It is partly due to the so called institutional voids. As a result, business models adjusted to mature market philosophy may require reconfiguration. An essential condition is identification of environment morphology which may turn out to be difficult for enterprises from outside a particular market. An additional aspect which should be taken into consideration is the fact that institutional transformation makes the environment highly volatile, which entails the need for continuous review of assumptions regarding the configuration of sources of company’s performance. The objective of this article is to determine the role of emerging market institutions in replication or innovation of a business model. For the purposes of realisation of the objective set the results of author’s own studies conducted on the basis of qualitative methods (case study) will be used. Generalised conclusions will be used to formulate guidelines for enterprises explaining how to manage in the conditions of uncertain environment.
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