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EN
The aim of the paper is to present concentration changes in the Polish banking sector, as well as an attempt of further trends indication. In the analysis, the following concentration measures were used: CR5 ratio and Herfindahl-Hirschman ratio. Before the evaluation of the market structure, in the paper there is a short synthesis of the most important aspects determining interpretation of the results and giving wider perception at which point of development the analysed banking market in Poland is. Conducted analysis points out that the Polish banking sector presents lower level of concentration than sectors in most countries of the EU15 and in other countries of the Central-Eastern Europe. In the following years further consolidation processes should be expected. The scale and pace of these changes will be also influenced by the view of the Polish Financial Supervision Authority.
EN
In this article the causes, course and the first effects of unification Perm region and Komi-Perm autonomous region into new subject of the Russian Federation - Perm Region is analyzed. Official and real reasons of association of these regions we were considered. Also, in this analysis we concluded that the consequences of association are controversial for the former Komi-district.
EN
In this article the causes, course and the first effects of unification Perm region and Komi-Perm autonomous region into new subject of the Russian Federation - Perm Region is analyzed. Official and real reasons of association of these regions we were considered. Also, in this analysis we concluded that the consequences of association are controversial for the former Komi-district.
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2015
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vol. 10
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issue 2
173-184
EN
The paper analyzes the mergers and acquisitions in the banking sector in Poland, and determined their impact on the structure of the sector and its effectiveness. The analysis was conducted between 2008 and 2013. In the analyzed sector was found growing concentration of capital in the form of mergers and acquisitions. All indications are that this trend will be maintained in subsequent years. Dominant share in the Polish banking sector are entities controlled by foreign investors, but in the period has been a slight decrease in this regard. In the analyzed period made as a result of mergers and acquisitions, we can observe an increase of concentration of the banking sector. In the period 2008-2013 there was a decrease in effectiveness of commercial banks; operation, which was caused by deteriorating macroeconomic situation. It can be said that the continuous consolidation processes in the period 2008-2013 have not influenced an improvement of financial results in the analysed sector, but the effects of these processes can be seen only in the long term.
EN
The purpose of this article is to show how the parent company in the group can exploit a subsidiary in which it holds less than 100% of the share capital in order to create the consolidated financial result. Change in valuation or mutual transactions, excluded from consolidation, affects the height of the financial results of the subsidiary. Consolidated net profit will increase or decrease with the share of minorities. The article shows how the group could control the amount of consolidated net profit through transactions between related entities.
EN
The historical knowledge of Poles, including Polish students, leaves much to be desired, even on a basic level. The insufficient or even the lack of consolidation is the most likely explanation of this phenomenon. The proposed solution to this problem is the SuperMemo and its similar algorithms, along with school history content specially edited for its needs. Basically an algorithm is a set of steps leading to the completion of a task. In the SuperMemo case, the task is to optimize learning, or rather to reduce forgetfulness, while reducing the time devoted to still well-remembered knowledge. Both the SuperMemo and its similar have been implemented in many applications. Quizlet or the software with the same name as the algorithm – SuperMemo, are the examples of such applications. They allow you to learn your own materials as well as those already edited, either by the producer or by other users. The previously edited school historical content for the SuperMemo algorithm and its similar cannot be considered satisfactory if important issues such as: compliance with the core curriculum, division into classes and topics, historical narrative coherence, relationships between pairs of questions and answers, or degrees of difficulty, are regarded. This article proposes a method that can improve this state of affairs. It is the result of theoretical and quasi-experimental work, corrected later on the basis of more serious editorial experience.
EN
This paper refers to certain aspects of the process of simplification of the European Union legislation. It focuses on the three main methods of editorial and substantial intervention in the text of a Union legal act, i.e. consolidation, codification and recast. Those three conceptions, their purpose and differences between them in terms of the procedure applied and the legal and practical consequences for the Union law are elaborated. Interdependence of those three methods is explained. The first step of the technical simplification of the Union law is the informal consolidation of the text of a legal act which forms the basis for the formal codification work at a later stage, which in turn is the basis for recasting of a legal act. The importance and results of the law simplification process in the three main pillars of the common agricultural policy: the common organisation of the markets, direct payments and rural development are demonstrated.
EN
The institutionalisation of party system describes the degree to which politics are rooted in the competition between different political parties. The aim of this article is to analyse the above mentioned rooting on one of the levels of research – during parliamentary elections in Poland – when the parties’ commitment and activity is the most visible and strong. We will try to answer the question whether our political system is institutionalised and if it is, to what degree. We will also try to discuss whether it can be defined as a consolidated party system.
EN
The types of local government units in the United States and the manner of their establishment are presented. Four ways of boundary changes of municipalities – annexation, division, merger and consolidation – are examined in reference to the various legal solutions adopted in the state law. In the background of present discussion is consolidation of municipalities in the European countries. The study is based on analysis of the legal provisions of the constitutions and state laws, statistical data collected by the U.S. Census Bureau and literature.
EN
Research background: In a rapidly changing economic environment companies deepen their cooperation, which occurs in all sectors of the economy. The progressive increase in market concentration, especially in the banking sector, is caused by various reasons. Purpose of the article: The purpose of this article is to compare the tendencies within market structures in few countries which origin from similar political systems and which have got experience in transformation of banking sectors. Methods: The research concerns the Baltic and the Western Balkan States. Concentration of the banking sectors, as measured by both HHI and CR5 indices changed during the quoted period, as a result of the consolidation of the sector. The study revealed a distinct change in the growth rate of market concentration and the number of banks, and is based on data provided by the local central banks and the European Central Bank. Findings & Value added: The situation in banking sectors in the Western Balkans differed significantly, which could be explained by strong economic ties, particularly with Germany and Austria. In this region, the raising concentration of the banking markets is related to the decreasing number of banks, while in the Sea Baltic States the increasing number of institutions is accomplished by the falling concentration ratio. The paper concerns the developments of the banking sectors which are not yet well described and do not belong to the mainstream of research in the Polish literature, meaning the region of the Western Balkans.
EN
The paper addresses the location-allocation and transportation problems in designing a cross-docking distribution network that consists of suppliers, cross-docks, and plants. A developed mixed-integer non-linear model is proposed for a post-distribution cross-docking strategy with multiple cross-docks and products that cross-docks can be connected. The objective function is to minimise the total cost comprising the cost of established cross-docks and transportation costs. To obtain this model, first, two models are introduced and compared (basic non-linear model 1 and non-linear model 2 with the possibility of connections between cross-docks). Results indicate that the total cost is decreased when the connection between cross-docks exists. So, model 2 is more efficient and suitable than model 1. Then, consolidation of plant orders is added to model 2, and the developed model is formulated. Finally, some problems with different sizes are generated randomly and solved by GAMS software to evaluate the model accuracy.
EN
Article is short review of political and economic transition period in the area of former Yugoslavia. Author compares two of its most important parts, Serbia as previous political centre and Slovenia as economically most advanced republic that also tried to democratize Yugoslavian federation already before Yugoslav disintegration. Author argues that transition in Slovenia started much earlier than only in the late eighties of previous century and at the same time he is trying to find comparatively how far Serbia and Slovenia are with transition process after more than 15 years later. According to the current situation analyzed in the comparative perspective Serbia has great potential for not only complete transition, but also to become centre of South-Eastern Europe.
EN
The author analyzes the experience of fiscal reforms carried out in the European Union after the adoption of the Maastricht Treaty in 1992. The treaty provides for what are called convergence criteria for countries aspiring to join the eurozone. After the treaty was signed a period of fiscal adjustments began in Europe. In the following years, individual countries pursued different strategies and attained different results in the process. The article aspires to be a source of information for those seeking to develop an optimal reform strategy for Poland-now that the Polish government has clearly stated that Poland should become part of the euro zone in the future. Using statistical data, Gajewski discusses how the convergence criteria adopted in the Maastricht Treaty (reference values for the deficit and public debt) influence fiscal policy in terms of the effectiveness of the strategy for adjusting government revenue and expenditure. It turns out that the fiscal convergence criterion could increase the pro-cyclical aspect of fiscal policy in the period directly preceding the launch of the third stage of the Economic and Monetary Union and in the first few years of the system’s functioning, Gajewski says. His research confirms earlier findings that effectively bringing down the deficit below the reference level requires focusing one’s efforts on the expenditure rather than revenue side of the budget. This may be because limiting expenditure calls for more comprehensive reforms covering structural changes and increased effectiveness of available resources. According to Gajewski, countries that have met the fiscal criterion by limiting expenditure generally took longer to meet this criterion and had a higher budget balance on average, during the period of the eurozone’s functioning, than countries that focused their strategies on the revenue side of the budget and stopgap measures. The author concludesthat the adopted strategy for public finance consolidation had far-reaching consequences for the competitiveness of individual countries and may have been one of the main causes behind the crisis, which hit the eurozone in 2008.
EN
From the beginning of the 90’s Polish banking sector has been undergoing radical changes, especially due to consolidation and concentration processes taking place in the sector. Foreign banks have been active participants in the process, taking over a large share of the Polish financial sector by privatization and takeover of Polish banks. The paper describes the consolidation processes taking place in the Polish banking sector in the last four years, the role of foreign banks in the processes, as well as the impact of mergers and takeovers on the sector’s development. The main purpose of the article is to show last concentration processes in the polish banking sector and their influence on the sector development.
PL
Od początku lat dziewięćdziesiątych polski sektor bankowy przechodził gwałtowne zmiany, głównie z powodu procesów konsolidacyjnych i koncentracji owego sektora. Banki zagraniczne brały czynny udział w tym procesie, przejmując dużą część udziałów w polskim sektorze finansowym poprzez proces prywatyzacji. Artykuł opisuje procesy konsolidacyjne, które miały miejsce w polskim sektorze bankowym, rolę zagranicznych banków w owych procesach oraz wpływ fuzji i przejęć na rozwój sektora bankowego w Polsce. Celem artykułu jest ukazanie ostatnich procesów konsolidacyjnych w polskim sektorze bankowym i jego wpływu na rozwój owego sektora.
EN
The aim of the article is to describe the process of democracy as it has been functioning in Poland over the last decade. The main research hypothesis in the article is that the political culture has had a crucial impact on the functioning of democracy in Poland. The author’s goal was to describe the process of political rivalry and the determinants of the process of consolidating democracy. The text is of an interdisciplinary character, since the research problem has been analyzed from the political, sociological and philosophical perspectives. While verifying the hypothesis put forward, it was observed that it is the low level of political culture that is very likely to have a negative impact on the functioning of democracy in Poland. An attempt to analyze the research problem may make a significant contribution to further study of the process of consolidating democracy in Poland.
PL
Celem artykułu jest charakterystyka procesu funkcjonowania demokracji w Polsce w ciągu ostatniej dekady. Główna hipoteza badawcza postawiona w artykule brzmi: Kultura polityczna ma kluczowy wpływ na proces funkcjonowania demokracji w Polsce. Celem autora była charakterystyka procesu rywalizacji politycznej oraz czynników określających (warunkujących) proces konsolidacji demokracji. Tekst ma charakter interdyscyplinarny, problem badawczy został przeanalizowany z perspektywy politologicznej, socjologicznej i filozoficznej. Weryfikując hipotezę postawioną w pracy, zauważono, iż występuje duże prawdopodobieństwo, że to właśnie niska kultura polityczna ma negatywny wpływ na funkcjonowanie demokracji w Polsce. Próba analizy problemu badawczego może wnieść istotny wkład w dalsze badanie procesu funkcjonowania demokracji w Polsce.
EN
The collapse of the Soviet bloc raised the hope for a democratic development of the post-communist countries. Liberal democracy and market economy were expected to be an inevitable effect of political development. This was confirmed by the experience of South European and Latin American transistions during the “third wave.” Following S. Huntington we believed that the process of democratization contains three stages: liberalization, transition to democracy and its consolidation. But the “fourth wave” brought new insights. After twenty five years we now know that this was not true. Although some of the post-communist countries in Central Europe have become liberal democracies in a relatively short time, the others are either hybrid (transitional) regimes or have remained stable authoritarianisms. Moreover, the experts have found systemic decline in the level of democratic progress in such countries as Hungary or Slovakia, being close to falling out of consolidated democracies category. The aim of the article is to describe and explain the differences between various trajectories and effects of political changes in the post-communist world.
PL
W artykule przedstawiono proces konsolidacji i stabilizacji w polskim sektorze bankowym w latach 2004–2013. Zmianom powiązanym z transformacją ustrojową, a także wejściem Polski do Unii Europejskiej w 2004 roku towarzyszyły przekształcenia struktury własnościowej, w tym ograniczenie kapitału państwa, liberalizacja oraz koncentracja sektora. Celem rozważań jest udowodnienie tezy, że wzrost kapitału zagranicznego, a także istnienie grupy kilkunastu dużych i średnich ogólnokrajowych banków komercyjnych doprowadziło do stabilizacji i bezpieczeństwa sektora. Wzmocnienie sytuacji kapitałowej miało miejsce dzięki wzrostowi kapitału inwestorów prywatnych oraz kapitału zagranicznego. W artykule przestawiono historyczne zmiany wpływające na rozmiar i strukturę sektora bankowego w Polsce, przeanalizowano proces koncentracji oraz wskazano wyzwania i kierunki rozwoju banków na podstawie ich sytuacji ekonomicznej. Charakterystyka zmian w polskim sektorze bankowym została przeprowadzona na podstawie przeglądu literatury, analizy danych statystycznych, dokumentów urzędowych, w tym legislacyjnych i regulacyjnych.
EN
In her article, the author presented the process of consolidation and stabilisation in the Polish banking sector in the years 2004–2013. The changes connected with the systems transformation as well as Poland’s accession to the European Union in 2004 were accompanied by transformations of the ownership structure, including reduction of state’s capital, liberalisation and concentration of the sector. An aim of the considerations is to prove the thesis that the growth of foreign capital as well as the existence of a group of several big and medium-sized nation-wide commercial banks has led to the sector’s stabilisation and security. Reinforcement of the capital situation took place owing to the growth of capital of private investors and foreign capital.In the article, the author presented the historical changes affecting the size and structure of the banking sector in Poland, analysed the process of concentration and indicated the challenges and directions of bank development based on their economic situation. The description of changes in the Polish banking sector was made on the grounds of literature overview, an analysis of the statistical data, offi cial documents, inclusive of legislative and regulative ones.
EN
Publications in the field of managerial accounting very rarely deal with the subject of financial management in capital groups, and there is a particularly lack of research in the area of financial planning. This article tries to fill this gap. It presents the specific conditions of budgeting in capital groups. The attention was paid to the synergy factor, which is a natural goal of every organization, especially large organizations, such as capital groups. Moreover, attention was paid to the aspect of consolidation of plans implemented according to the same guidelinesas financial reporting. The problem of planning coordination in capital groups in terms of planning processes and resources is also discussed here.
PL
Publikacje z zakresu rachunkowości zarządczej bardzo rzadko podejmują tematykę zarządzania finansami w grupach kapitałowych, a szczególnie brakuje badań w obszarze planowania finansowego. Niniejszy artykuł próbuje wypełnić tę lukę. Przedstawiono w nim specyficzne uwarunkowania budżetowania w grupach kapitałowych. Zwrócono tu uwagę na czynnik synergii, który jest naturalnym celem każdej organizacji, a szczególnie wielkich organizacji, jak grupy kapitałowe. Ponadto zwrócono uwagę na aspekt konsolidacji planów realizowanych według tych samych wytycznych, co sprawozdawczość finansowa. Omówiony także został problem koordynacji planowania w grupach kapitałowych ze względu na planowanie procesów i zasobów.
PL
W latach poprzedzających ostatni kryzys finansowy upowszechniła się opinia, że postępująca konsolidacja sektora bankowego jest rozwiązaniem korzystnym w przypadku spowolnienia wzrostu gospodarczego. Tworzenie dużych struktur bankowych miało uzasadniać znaczne korzyści skali występujące przy transakcjach fuzji i przejęć. Innym argumentem było przekonanie, że większe banki dywersyfikują swoją działalność, co pozwala dostosować się do warunków panujących na rynku i zwiększa ich odporność na potencjalny kryzys bankowy. W konsekwencji kwestia koncentracji w sektorze bankowym stała się istotnym tematem dyskusji i publikacji, nie dały one jednak jednoznacznej odpowiedzi dotyczącej optymalnej struktury sektora bankowego. W artykule przedstawiono zjawisko koncentracji z uwzględnieniem zmian krajowego rynku bankowego, a także wskazano możliwe kierunki przyszłych zmian i ich ewentualne konsekwencje.
EN
The prevailing opinion in the years prior to the recent financial crisis was that extensive consolidation of the banking sector is a good solution in a time of economic slowdown. Creating large banking structures was justified by possible economies of scale connected with mergers and acquisitions. A further argument was that larger banks can diversify their activities and therefore better adapt to changing market conditions – as well as increase their resistance to potential banking crises. As a consequence, banking sector concentration has become an important issue both in discussions and in the literature. Yet no clear answer regarding the optimal structure of the banking sector has been provided. Taking into account changes in the domestic banking market, this article describes the phenomenon of concentration, sets out possible directions for future developments and discusses their potential consequences.
PL
Problem naprawy finansów publicznych jest dyskutowany od wielu lat i pozostaje ciągle aktualny, a kolejne działania w tym kierunku są związane ze zmianą podstaw prawnych ich funkcjonowania. W ustawie z dnia 27 sierpnia 2009 r. o finansach publicznych wprowadzono regulacje mające na celu instytucjonalną konsolidację finansów publicznych, związaną między innymi z likwidacją wszystkich gospodarstw pomocniczych i państwowych oraz części samorządowych zakładów budżetowych. Przedstawione wyniki badania skutków tych zmian w pierwszych latach funkcjonowania ustawy prowadzą do wniosku, że proces likwidacji części jednostek gospodarki pozabudżetowej został przeprowadzony prawidłowo. Część zadań tych jednostek została przejęta przez budżet państwa i budżety samorządowe, część przejęły inne podmioty funkcjonujące w sektorze finansów publicznych, w tym agencje wykonawcze i nowo powołane instytucje gospodarki budżetowej. Przeprowadzona konsolidacja zwiększyła koncentrację środków publicznych w sferze budżetowej i doprowadziła do zwiększenia przejrzystości finansów publicznych.
EN
The debate on improving the public finances in Poland has been under way for many years and remains topical. One of the resulting actions has been to change the legal grounds on which they function. This was achieved by the Law on Public Finance of 27 August 2009, which introduced new regulations for the institutional consolidation of the public finances. These were aimed at the liquidation of all auxiliary and state budgetary establishments – as well as most of those at local government level. The paper presents a study of the effects of these changes. The conclusion is that during the first years the law was applied, the liquidation process of some of the non-budgetary management entities was completed successfully. Some of the tasks of these units have been taken over by state and local government budgets, while others have shifted to entities operating in the public finance sector, including executive agencies and newly-established budgetary management institutions. Institutional consolidation has increased the concentration of public resources in the budgetary sphere and led to increased transparency in public finance.
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