Search results for "Market economy"

Supporting value creation in SMEs through capacity building and innovation initiatives: the danger of provoking unsustainable rapid growth

2009

Value creation comes in many guises, and may be achieved through expansion and efficiency, innovation and novel processes, and closer alignment with customer needs. This article examines the real dangers to firms, especially small firms, which pursue very ambitious capacity growth plans in order to chase market opportunities. Case analysis has unearthed a new phenomenon, which might be termed ‘business gigantism’ – a situation of rapid and unsustainable growth that places severe strains on the firm. This article briefly recounts two case studies where small firms secured substantial funding to support rapid expansion – in both cases via public agencies. In each case, funding was justified b…

Mergers and Acquisitions (M&A) as Modern Ways of Investments

2015

The decrease in business activity and the fall in the production volume in the sectors of economy relying on long-term crediting is characteristic feature of the modern recessions. The pessimistic expectations of entrepreneurs concerning product demand leads to falling direct investment into business despite unlimited investment opportunities due to the developed capital markets nowadays. As a result it has created the opportunity for the development of the acquisition of enterprises. Potential investors are different and their investment motivation is different, but the goal is the same – to increase the value of the business and its efficiency as a result of mergers and acquisitions. Ho…

Intellectual Capital and its Relationship with Universities

2015

Abstract The Intellectual Capital of a firm is the sum total of its Human Capital, Structural Capital and Relational Capital. These assets form a source of distinct competitive advantage and distinguish the performance of one firm from the other. Some organizations appear to continue relying on traditional resources for wealth creation but they should increase their attention towards a greater reliance on intellectual capital factors. This study attempts to investigate the role of intellectual capital in nowadays modern organizations and in particular, its relevance for education institutions such as universities.

National economy: Quality Research of Products and Goods

1993

This edition is to reflect research results with modern analytical methodology including measurements and examinations with spectrophotometric appliances in combination with modern nondestructive testing methods which are employed in farming products' analysis and in merchandise quality control as well as relative advantages in terms of methodology.

Paid Care in Australia: Politics, Profits, Practices

2011

The influence of transport offer on passenger traffic in the railway transport system in a post-socialist country : case study of Poland

2021

Abstract The study examines factors influencing the number of rail passengers in Poland. The subjects of observation were 62 cities with poviat rights. The main factors influencing demand are the number of connections and the speed of trains. Therefore, we developed an original indicator – weighted number of connections, which takes into account the number of rail connections and the speed of trains. The article can be divided into two main parts: an assessment of the diversification of transport offer and transport demand in spatial terms, and an evaluation of the relationship between the variables. Poland has a large spatial diversity in terms of public rail transport offer and passenger …

Equal Pay for a Green Future

2020

In the present chapter, challenges to our growth-driven political-economic model are identified—including lethal economic inequality, growing unrest, technological unemployment in an era of robotization and artificial intelligence (AI), and limits to growth at a time of environmental and climatic collapse. The author is hesitant to offer a “yes” or “no” answer to the question of equal pay, suggesting instead that the answer hinges on time and context. In a future world of limited material resources, where jobs are increasingly automated and substituted by AI algorithms, the legitimacy of inequality-producing incentives for the main exploiters of resources and robots will erode. At a time wh…

Globalization of Corporate Governance: The American Influence on Dismissal Performance Sensitivity of European CEOs

2010

This study examines how globalization of corporate governance practices influence the risk of European CEOs being dismissed. We argue that the harsh monitoring of the American corporate governance system spills over to the rest of the world as a result of this globalization. We focus on direct and indirect American influence on the dismissal performance sensitivity among the 250 largest European publicly listed firms. The indirect influence is assumed to materialize via European firms cross-listing on U.S. exchanges, whereas the direct influence is assumed to appear as a result of European firms hiring of American independent board members. Both sources of influence are hypothesized to resu…

Turning Poland Around The Polish Economy 1990 2009

2011

This article gives a description of the policy pursued by the Polish Government and the National Bank of Poland in the transformation of the Polish economy from a central planning economy to a market economy. There is special focus on the monetary economy, and most focus is laid on the first years of the transformation process.The article also gives a presentation of the development of the main macroeconomic figures for the whole period since the introduction of the new economic system in Poland.

Squaring the welfare circle and government ideology: Greece and Spain in the 1990s

1999

This article examines the “squaring the welfare circle” thesis and its usefulness to our understanding of welfare developments in Greece and Spain in the 1990s. The welfare state in both Greece and Spain was expanded considerably in the early 1980s by the newly elected socialist governments, only to hit the buffers of diminishing resources and rising demands in the late 1980s as well as the hostile neo-liberal welfare ideology. The process of welfare expansion was halted in the 1990s, labour market deregulation was encouraged and containment of welfare expenditure became the dominant aim of government policies. This article concentrates on the actual policies of governments in the 1990s rat…