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1

Are Larger Banks More Efficient in the Central Eastern European Countries?

100%

Kozak S.

Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia

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2020

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vol. 54

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issue 2

EN

Theoretical background: The relationship between the size of banks and their efficiency has become an important subject for academics and policy makers in the recent decades. However, the outcomes of these studies are relatively divergent concerning the direction of this dependence.Purpose of the article: The goal of this study is to assess how the size of banks affects their efficiency in the CEE countries in the years 2005–2017. Additionally, the relationship between the market concentration and banks efficiency is checked.Research methods: The research covers 108 banks operating in eleven CEE countries. The efficiency scores are achieved through the SFA method and regressed with the individual bank characteristics and macroeconomic and sectoral variables.Main findings: The results show that growing bank’s size and market share positively affect its efficiency. Additionally, higher concentration of the banking market has a similar effect. Higher inflation and GDP per capita decrease bank profit efficiency which can indicate that banks achieve the highest efficiency gains in less prosperous countries, however, in the low inflation environment. Additionally, banks’ efficiency is boosted with the growing development of the banking sector and increasing lending to the economy. Fast-growing banks tend to be more efficient, probably due to the positive effect of the financial leverage on profits.

PL

Theoretical background: The relationship between the size of banks and their efficiency has become an important subject for academics and policy makers in the recent decades. However, the outcomes of these studies are relatively divergent concerning the direction of this dependence.Purpose of the article: The goal of this study is to assess how the size of banks affects their efficiency in the CEE countries in the years 2005–2017. Additionally, the relationship between the market concentration and banks efficiency is checked.Research methods: The research covers 108 banks operating in eleven CEE countries. The efficiency scores are achieved through the SFA method and regressed with the individual bank characteristics and macroeconomic and sectoral variables.Main findings: The results show that growing bank’s size and market share positively affect its efficiency. Additionally, higher concentration of the banking market has a similar effect. Higher inflation and GDP per capita decrease bank profit efficiency which can indicate that banks achieve the highest efficiency gains in less prosperous countries, however, in the low inflation environment. Additionally, banks’ efficiency is boosted with the growing development of the banking sector and increasing lending to the economy. Fast-growing banks tend to be more efficient, probably due to the positive effect of the fiancial leverage on profits.

2

Crowdsourcing internetowy i jego ekonomiczno-społeczne implikacje. Segment rynku odpłatnego crowdsourcingu

85%

Dziuba D. T.

Informatyka Ekonomiczna

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2012

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issue 4(26)

64-80

EN

The article presents the concept of Internet crowdsourcing and its socio-economic implications. We present: crowdsourcing definitions and forms (models), possible applications as business model, and e-business strategy in the Information Age, different motivation methods, socio-economic benefits and limitations (risks) related to its development, especially for entrepreneurs and for workers “on-demand”. Special attention has been paid to crowdsourcing market (as a segment of electronic market), which share is estimated and analyzed.

3

Ex-post Assessment of the Global European Strategy

71%

Fojtíková L.

Review of Economic Perspectives

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2012

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vol. 12

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issue 2

71-91

EN

The changing situation in the world economy is connected with growing competition on global markets. This new situation creates growing possibilities for some, for others loss of gains. The goal of the European Union is to be more competitive on the world market and to keep the leading position in world trade. The article focuses on an assessment of the EU trade strategy "Global Europe: Competing in the world", that was carried out in the period 2006 - 2010. The analysis is provided in three steps. First of all, changes in the world economy as a factor influencing trade policy are shown. Secondly, the main priority areas of trade strategy are described. Finally, the progress achieved in the Global Europe strategy is analysed. Conclusions are based on method of deduction and calculation of changes in the EU's market share, trade integration and trade balance in 2006 - 2010. The results of trade analysis showed that preferential trade agreement is not a sufficient instrument for increasing trade and that more trade opportunities do not always have to mean lower unemployment.

4

Analysis of insurance companies’ efficiency in the Republic of Serbia

71%

LUKIC R., SOKIC M., VOJTESKI KLJENAK D.

Economic and Environmental Studies

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2018

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vol. 18

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issue 1

249-264

EN

Lately, as it is known, considerable theoretical and practical attention has been dedicated to the problems of analysing the business efficiency of insurance companies, both worldwide and in particular countries. In view of this, the paper conveys a complex analysis of the 2016 business efficiency of insurance companies in the Republic of Serbia, using theoretical, methodological and empirical knowledge. Over 60% of Serbian insurance market is controlled by only three insurance companies. Out of the 16 insurance companies, 11 are inefficient. In order to improve their business, it is necessary, above all, to more efficiently manage their operating income and profits, by applying the "new business models" (i.e. cost management concepts, concepts of customer rotation, concept of sustainable development). This also applies to more efficient management of human capital. The significant role of employees in creating the added value for insurance companies in the Republic of Serbia. To this purpose (in order to increase efficiency), significant attention should be paid to life insurance, which has recorded a significant growth, year after year.

PL

Jak wiadomo, ostatnio, znaczną uwagę w aspekcie zarówno teoretycznym jak i praktycznym poświęca się problemom analizy skuteczności gospodarczej firm ubezpieczeniowych tak w świecie jak i w poszczególnych krajach indywidualnie. Mając to na uwadze, niniejszy artykuł przedstawia kompleksową analizę ekonomicznej skuteczności zakładów ubezpieczeniowych działających na rynku w Republice Serbii w roku 2016, przy wykorzystaniu wiedzy teoretycznej, metodologicznej i empirycznej. Ponad 60% serbskiego rynku ubezpieczeń jest kontrolowane przez zaledwie trzy zakłady ubezpieczeniowe. Z 16 firm ubezpieczeniowych 11 okazuje się niewydolne. Ażeby poprawić ich kondycję, należy koniecznie i przede wszystkim wdrożyć skuteczniejsze zarządzanie ich operacyjnym dochodem oraz zyskami poprzez zastosowanie „nowych modeli biznesowych” (tj. koncepcji zarządzania kosztami, koncepcji rotacji klienta, koncepcji rozwoju zrównoważonego). To odnosi się również do bardziej skutecznego zarządzania zasobami ludzkimi a także do znacznej roli pracowników w tworzeniu wartości dodanej firm ubezpieczeniowych w Republice Serbii. Z uwagi na ten cel (podniesienie wydajności), szczególną uwagę powinno się poświęcić ubezpieczeniom na życie, które odnotowały już znaczący wzrost rok do roku.

5

Internationalization of agro-food trade in the Visegrad Group countries after their entering into the European Union

57%

Wisniewska J.

Problemy Rolnictwa Światowego

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2010

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vol. 10(25)

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issue 3

EN

The foreign trade performance in agro-food sector in the Central European Countries for the period of 2004-2007 has been evaluated. The main exports and imports measures, comparative advantages, specialization as well as market shares and competitiveness have been analyzed. After entering into the European Union by the Central European Countries, the importance of foreign trade in agro-food sector has increased, an intra-branch trade has been intensified and its structure has changed. The comparative position of these countries in the trade has been created by rising comparative advantages of some sections and lowering of the others. The foreign trade turnover has risen and the agro-food trade has been internationalized.

6

The economic and financial status of trade entrepreneurs in Serbia

57%

Lukic R.

Economic and Environmental Studies

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2014

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vol. 14

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issue 3(31)

239-264

EN

Due to overall importance special attention is paid to the theoretical and practical analysis of the performance of small independent retailers. Considering that, this paper analyzes the specifics of economic and financial status of trade entrepreneurs, i.e. small independent retailers in Serbia for 2008 - 2012 period. Despite very "complex", i.e. appalling business conditions in Serbia in the last period, the results (of almost all observed indicators) show "relatively" satisfactory economic and financial position of the trade entrepreneurs in Serbia. In total trade operating income in Serbia in 2012 it participated with 3.81%. In order to improve their economic and financial position in the future they should merge (because of joint procurement and other trading activities execution), apply new concepts of cost management (Toyota's principles of business, above all), the concept of managing relationships with customers and suppliers and modern information technology. (JEL Classification: F65 L81 M40).

PL

Ze względu na ich ogólne znaczenie, skoncentrowano się na teoretycznej oraz praktycznej analizie kondycji małych niezależnych przedsiębiorstw detalicznych. W artykule przeanalizowano specyfikę ekonomicznego i finansowego statusu przedsiębiorstw handlowych, tzn. małych niezależnych detalistów w Serbii w latach 2008-2012. Pamiętając o podejściu „kompleksowym”, tj. o zatrważającej kondycją przedsiębiorczości w Serbii w ostatnim okresie, wyniki badań (w zakresie niemal wszystkich wskaźników) wykazują „relatywnie” satysfakcjonującą ekonomiczno-finansową pozycję serbskich przedsiębiorstw handlowych. Ich udział w całkowitym handlowym przychodzie operacyjnym w Serbii w 2012 roku wyniósł 3,81%. W celu poprawy sytuacji analizowanych przedsiębiorstw powinny one w przyszłości łączyć się (ze względu na wspólne zamówienia oraz inne działania handlowe), stosować nowe koncepcje zarządzania kosztami (przede wszystkim zasady biznesowe Toyoty), nowe koncepcje zarządzania relacjami z klientami i dostawcami oraz nowoczesne technologie informatyczne (JEL: F65 L81 M40).

7

Mierzalne kryteria oceny konkurencyjności rynków telekomunikacyjnych. Aspekty praktyczne

57%

Kwiatkowska E. M.

internetowy Kwartalnik Antymonopolowy i Regulacyjny

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2013

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vol. 2

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issue 8

74-87

PL

Artykuł poświęcony jest ilościowym metodom oceny konkurencyjności rynków w postępowaniach regulacyjnych i antymonopolowych. Opisano w nim udział w rynku – ilościowe kryterium charakteryzujące przedsiębiorcę i rynek właściwy, na którym prowadzi on działalność. Analizie poddano także konstrukcję i wykorzystanie różnych miar koncentracji rynku obliczonych na podstawie udziałów rynkowych (wskaźnik dyskretny, indeks Herfindahla-Hirschmana i delta HHI).

EN

The article analyses quantitative methods of assessing the competitiveness of the telecommunications markets. The paper presents market share – quantitative criterion which describes telecom enterprise and the relevant market. Constructions and practical application of various measures of market concentration calculated on the basis of market shares (concentration ratio, the Herfindahl-Hirschman Index and HHI delta) are analysed.

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2 Economic and Environmental Studies

1 Annales Universitatis Mariae Curie-Skłodowska, sectio H – Oeconomia

1 Informatyka Ekonomiczna

1 Problemy Rolnictwa Światowego

1 Review of Economic Perspectives

1 internetowy Kwartalnik Antymonopolowy i Regulacyjny

1 Dziuba D. T.

1 Fojtíková L.

1 Kozak S.

1 Kwiatkowska E. M.

1 LUKIC R.

1 Lukic R.

1 SOKIC M.

1 VOJTESKI KLJENAK D.

1 Wisniewska J.

1 2020

1 2018

1 2014

1 2013

2 2012