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1

ANALYSIS OF THE PRIVATIZATION PROCESS IN POLAND IN THE YEARS 2008-2011 – OUTCOMES AND PROSPECTS

100%

Patena W.

Finansowy Kwartalnik Internetowy e-Finanse

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2014

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vol. 10

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issue 2

57-70

EN

The paper focuses on the analysis of the privatization process conducted in the years 2008-2011 with an attempt to show a broad picture of privatization in Poland, indicate resources that still exist although hidden and show government practices in making privatization more effective or, on the contrary, in carrying out quasi-privatization practices. Three main issues are discussed. First, the privatization process that took place in 2008-2011 seems to be to some extent only sham privatization – many of the companies were simply communalized, or transferred to other state-controlled companies and various government agencies. Thus, contrary to opinions expressed by the government officials, the privatization process is far from being terminated. A new approach used by the Ministry of Treasury is to create special purpose vehicles in order to sell the state-controlled assets more effectively. It turns out that 76% of privatized enterprises in the years 2008-2011 were sold via a tender or auction mechanism - the rest can be considered sham privatization. Huge resources are still to be privatized - the companies have to be identified and should report to one government agency. The novelty is the government’s approach to privatization which involves packing assets into one market attractive entity. The hypothesis verification is preceded with analysis of privatization in Poland in the years 1989-2007, its relations with politics and the economic situation.

2

Zastosowanie analizy sieci do oceny struktury organizacji i wyznaczania kierunków jej zmian

100%

Zbieg A.

Nauki o Zarządzaniu

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2015

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issue 1 (22)

71-90

EN

The article presents the result of an empirical study that compares the formal structure of a company with its less formal counterpart: the network of cooperation, flow of information, knowledge and decision between employees. An empirical study surveys 374 employees from two companies about their position in formal structure and their connections with other employees. The conducted analysis examines the relationship between company structural characteristics and performance, as one of studied company performs less effective than other. The paper examines such issues as: the level of convergence of both structures, the degree of compliance of formal and informal authority and the allocation of network resources. In a company characterized by higher performance we observed higher level of convergence of both structures, higher degree of compliance of the position of the employee with the level of their informal authority, and higher level of support provided by the managers. Results suggest that the comparison of formal and informal structure of the company provides information about its performance that is difficult to obtain in any other way. Finally, presented managerial implications refer to the specific ways how to improve the organizational structure on the basis of information obtained by analyzing the organizational network.

3

Assessing impact of base erosion and profit shifting on performance of subsidiaries of multinational corporations in Baltic countries

100%

Kundelis E., Legenzova R.

Equilibrium. Quarterly Journal of Economics and Economic Policy

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2019

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vol. 14

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issue 2

277-293

EN

Research background: The problem of base erosion and profit shifting by multi-national corporations has been debated from different perspectives because of its multiple impact on the key actors in the economy. Studies refer to its positive impact on companies via corporate taxes saved, but its negative impact on governments via reduced tax collection. A number of empirical studies conducted in different countries support the substantial BEPS impact on company performance, but report differences in its magnitude. Other authors claim that, despite a wide range of tax avoidance opportunities available, tax avoidance is limited due to institutional measures imposed (tax audits, penalties for non-compliance) and high implementation costs. A majority of the previous empirical research covered large countries (USA, Germany) or regions (e.g. Europe), but there is a gap in the re-search assessing the BEPS impact on multinational corporations? subsidiaries? performance in countries with lower corporate income tax rates such as the Baltic countries. Purpose of the article: To assess the impact of base erosion and profit shifting on multinational corporations? subsidiaries? performance in the Baltic countries. Methods: Empirical research is conducted based on the framework employed by Hines and Rice (1994) to measure BEPS impact on company performance. Regression analysis with fixed effects was applied to a sample of 3,422 Latvian, Lithuanian and Estonian subsidiaries of multinational corporations, which are characterized by low corporate tax rates. The data for the period of 2007?2015 was retrieved from the Amadeus database. Findings & Value added: The research revealed that Baltic countries? tax differentials between multinational corporations? parent and subsidiary countries might have a significant impact on the subsidiary?s financial performance. When the tax rate differences between Baltic and the foreign countries decrease by 1%, reported profits in Baltic countries increase by 2.3%, indicating profit-shifting behaviour. This is in line with the empirical literature and practices applied by multinational corporations. It is also in favour of anti-tax avoidance measures introduced by the EC to be adopted by Baltic and other EU countries.

4

Logistics Engineering to Improve the Productivity Indicators

100%

Michlowicz E., Smolińska K., Zwolińska B.

Logistics and Transport

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2016

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vol. 30

7-14

EN

In the systemic approach, a production company is a complex system of objects and relations between the objects, as well as between the system and its surroundings. The large number of variables and company performance assessment indicators result in the constant search for the methods of formalising the mutual dependencies. The discipline which, through the integration of multiple processes, enables the discovery of practical solutions is logistics engineering. In Poland, the term is not very common, while in the USA (for example), logistics engineering – taking advantage of mathematical methods and cutting edge science, is a widely used tool supporting the everyday business activities of companies. The article describes primary tasks of logistics engineering in relation to production companies. Furthermore, original algorithms for the improvements of company productivity are presented.

5

Research on the connection between relational capital and company performance

88%

Szudrowicz I.

Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu

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2020

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issue vol. 64, nr 12

124-143

EN

This paper explored the connection between relational capital and company performance by identifying and systemizing management information from publications placed in the Scopus and Web of Science databases. Key research was carried out for the period from 2010 to 2019. This article should be treated as a result of preliminary research of relational capital and company performance based on the desk research. For this initial step the author decided to use a data compilation in order to confirm the significance of the issue. Based on the collected data, the decision was made to develop the topic through a systematic literature review. This second step was to analyse connection between relational capital and company performance based on publications from the period 2010-2019. By focusing on relational capital and company performance in international publications, the results indicated that the number of papers devoted to relational capital has been growing since 2010. This article is an introduction to the topic and an attempt to explain thepoint of further work on the link between relational capital and company performance.

PL

W artykule podjęto próbę przeanalizowania związku między kapitałem relacyjnym a wynikami organizacji poprzez identyfikację i systematyzację informacji z zakresu zarządzania z publikacji umieszczonych w bazach danych Scopus i Web of Science. Kluczowe badania przeprowadzono dla lat 2010-2019. Artykuł należy traktować jako efekt wstępnych badań kapitału relacyjnego i wyników firmy. W artykule zastosowano analizę materiałów źródłowych, a wnioski oparto na źródłach literaturowych – zarówno polskich, jak i zagranicznych. Na wstępie autor zdecydował się na wykorzystanie analizy danych w celu potwierdzenia wagi problemu, po czym rozwinął temat poprzez systematyczny przegląd literatury, co umożliwiło poszukiwanie związku między kapitałem relacyjnym a wynikami firmy przedstawionymi w publikacjach z lat 2010 i 2019. Rezultaty badania skupiającego się na powiązaniu kapitału relacyjnego i wyników firmy w publikacjach światowych wskazują, że liczba artykułów poświęconych kapitałowi relacyjnemu rośnie z każdym rokiem, począwszy od 2010 roku.

6

The internationalization of Polish firms: an empirical investigation of the M-P relationship

88%

Karasiewicz G., Nowak J.

Faculty of Management Working Paper Series

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2014

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issue WPS 2/2014

1-32

EN

The purpose of this paper was to determine the nature of the relationship between multinationality and performance (M-P relationship) among Polish companies. It is based on a sample of over 300 Polish companies listed on Warsaw Stock Exchange, studied over two years (625 observations were used for statistical processing). Multiple regression and t-statistic analyses were applied to test three hypotheses. The dependent variable was company performance and the independent variable was the degree of company internationalization. A number of control variables were also incorporated in the regression models. The statistically significant results of the multiple regression analyses show that Polish companies experience a negative linear relationship between their degree of internationalization and performance for two variants of the dependent variable, and a non-linear, U-shaped relationship for one dependent variable. The results also show that companies operating on international markets achieve lower market-valuation results than their domestic counterparts, and companies with lower levels of multinationality perform better than those with higher levels of multinationality

7

Does Psychic Distance Still Matter? Empirical Evidence from Poland

75%

Fonfara K., Hauke-Lopes A., Soniewicki M.

Central European Management Journal

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2021

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vol. 29(4)

32-56

EN

Objective: The objective of the article is to fill a research gap regarding the impact of psychic distance on the initiation of relationships by managers from Poland-based firms and to analyze the psychic distance’s influence on firm performance. Research methodology: The article is based on quantitative research conducted among managers from 201 Poland-based companies operating in foreign markets. The study used a structured questionnaire consisting mainly of closed questions. The dataset contained companies representing all sizes, industries, and ownership status from all over Poland. Findings: Two types of companies were identified following managers’ (un)willingness to initiate relationships with actors located in psychically distant markets. The study conclusions reveal that psychic distance matters for Polish managers and that business activities conducted in psychically distant markets are often perceived as more complex than in close markets. These activities involve additional risk, but they bring companies better performance. Limitations: The limitation of the study is that the measurements are based on the subjective perceptions of psychic distance. The research was conducted in Poland only. Originality: The article is a pioneer work on the psychic distance paradox among Polish managers from a diversified group of companies (from small to multinational). The article seeks to identify to what extent Polish managers perceive psychic distance as an important factor in the decision-making process concerning the initiation of relationships with foreign partners.

51%

Avlonitis G. J., Lionakis K.

Marketing Instytucji Naukowych i Badawczych

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2015

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issue 1(15)

59-76

EN

This paper focuses on the effectiveness of marketing-sales interfaces in B2B firms. As the body of knowledge on this domain is scarce, there is a greater need to investigate the specific aspects of marketing-sales configurations in such firms. The objective of this paper is to expand existing knowledge regarding marketing-sales interfaces in B2B firms, in order to identify the effectiveness of each configuration. Based on quantitative data collected from marketing or sales managers of 98 B2B firms, the study identifies the most effective marketing-sales interface in terms of smooth relationships and enhanced performance. The implications of the study are discussed.

PL

Niniejsza praca poświęcona jest efektywności interfejsów marketing-sprzedaż w firmach B2B. W związku z tym, że zasób wiedzy w tym zakresie jest ograniczony, istnieje duża potrzeba zbadania konkretnych aspektów konfiguracji marketing-sprzedaż w takich firmach. Celem niniejszej pracy jest rozszerzenie istniejącej wiedzy dotyczącej interfejsów marketing-sprzedaż w firmach B2B, celu identyfikacji efektywności każdej konfiguracji. W oparciu o dane ilościowe zebrane od menedżerów marketingu lub sprzedaży z 98 firm B2B, to badanie rozpoznaje najbardziej efektywny interfejs marketing-sprzedaż, od względem sprawnej współpracy i udoskonalonej wydajności. W pracy omówione są także implikacje badania.

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ANALYSIS OF THE PRIVATIZATION PROCESS IN POLAND IN THE YEARS 2008-2011 – OUTCOMES AND PROSPECTS

Zastosowanie analizy sieci do oceny struktury organizacji i wyznaczania kierunków jej zmian

Assessing impact of base erosion and profit shifting on performance of subsidiaries of multinational corporations in Baltic countries

Logistics Engineering to Improve the Productivity Indicators

Research on the connection between relational capital and company performance

The internationalization of Polish firms: an empirical investigation of the M-P relationship

Does Psychic Distance Still Matter? Empirical Evidence from Poland

Enterprise performance measurement and management

Zaangażowanie pracownicze jako determinanta rozwoju organizacji

The Influential Knowledge Factors of Companies’ Performance in Slovenia

The Quality of Business Relationships in the Automotive Industry and the Company Performance: The Case of Polish and Brazilian Markets

Global Business Networks and Cooperation within Supply Chain as a Strategy for High-Tech Companies’ Growth

Marketing-sales interface and organizational competitiveness