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Analiza porównawcza instytucji odpowiedzialnych za wybór sędziów we Francji, Niemczech i Polsce

100%
Pasierbek K.
Krytyka Prawa. Niezależne studia nad prawem
|
2019
|
vol. 11
|
issue 3
133-151
EN
The paper presents a comparative analysis of the institutions responsible for the election, promotions and nominations of judges in France, Germany and Poland. At the very eginning – in the introduction – the genesis of institutions which are equivalents of the National Council of the Judiciary was presented, starting from the philosophical basis for the idea of the independence of courts and judges, through international regulations to the constitutions of individual states. The main part was divided into 3 sections: a brief description of the judiciary, the composition of the institution responsible for the election of judges and the manner of appointing its members, and the competence of the council and the manner of appointing judges. Each of these issues was divided by the selected countries, thanks to which it will be possible to get a clear picture of how these institutions work in individual countries. As a summary, conclusions about how the principle of judiciary independence is met in selected countries, and whether meeting this principle depends exclusively on legal framework.
PL
Autor przedstawia komparatystykę instytucji odpowiedzialnych za wybór, awanse i nominacje sędziów we Francji, Niemczech i Polsce. Na samym początku – we wprowadzeniu – przedstawiono genezę instytucji będących odpowiednikiem Krajowej Rady Sądownictwa, poczynając od podłoża filozoficznego idei niezależności sądów i niezawisłości sędziów, przechodząc na grunt regulacji międzynarodowych, na konstytucjach poszczególnych państw kończąc. W części właściwej dokonano podziału na 3 części: krótka charakterystyka władzy sądowniczej, skład instytucji odpowiadającej za wybór sędziów oraz sposób powoływania jej członków i kompetencje rady oraz sposób powoływania sędziów. Każde z tych zagadnień podzielono ze względu na wybrane kraje, dzięki czemu czytelnik uzyska jasny obraz tego, jak instytucje te działają w poszczególnych krajach. W ramach podsumowania przedstawione zostały wnioski, jak w wybranych krajach spełniona jest zasada niezależności sądownictwa oraz czy spełnienie tej zasady zależy tylko i wyłącznie od ram prawnych.
2
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A Comparative Analysis of Institutions Responsible for the Election of Judges in France, Germany and Poland

100%
Pasierbek K.
Krytyka Prawa. Niezależne studia nad prawem
|
2019
|
vol. 11
|
issue 3
152-170
EN
The paper presents a comparative analysis of the institutions responsible for the election, promotions and nominations of judges in France, Germany and Poland. At the very eginning – in the introduction – the genesis of institutions which are equivalents of the National Council of the Judiciary was presented, starting from the philosophical basis for the idea of the independence of courts and judges, through international regulations to the constitutions of individual states. The main part was divided into 3 sections: a brief description of the judiciary, the composition of the institution responsible for the election of judges and the manner of appointing its members, and the competence of the council and the manner of appointing judges. Each of these issues was divided by the selected countries, thanks to which it will be possible to get a clear picture of how these institutions work in individual countries. As a summary, conclusions about how the principle of judiciary independence is met in selected countries, and whether meeting this principle depends exclusively on legal framework.
3
Publication available in full text mode
Content available

The “Magic Action” of Stock Splits: Evidence from the Warsaw Stock Exchange 2003–2017

63%
Podgórski B., Pasierbek K.
Central European Management Journal
|
2020
|
vol. 28(1)
66-80
EN
Purpose: Many researchers claim that split has a positive effect on stock returns. However, if we observe more closely, we notice that this is only an accounting procedure. Therefore, the question arises as to whether stock prices should change. To answer this problem, we checked the market reaction to the division of shares on the Warsaw Stock Exchange. Methodology: To verify our hypotheses, we used the event study analysis. Based on the Sharpe market model, we assumed that the price of the asset determines systematic risk and specific risk. Findings: On the basis of conducted analyses, we found a positive market reaction to the first split information, while the announcement of General Meeting of Shareholders (GMS) resolutions generated a price correction. Moreover, split events initially caused an increase in abnormal returns. The research results are consistent with the efficient market hypothesis. Research limitations: The sample size does not give an opportunity to check the impact of economic cycles. During the last 15 years, we found only 75 events of splits without any disruption event. Originality: Analysis of three dates: information about the planned general meeting of shareholders regarding the split, publication of decisions taken at the general meeting, and the day of the split.
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