Search results for "financial management"
showing 10 items of 44 documents
Events and Trends Control in Diagnostics of Financial Capacity of Transportation Companies
2013
Investigating the impact rendered by financial capacity and its diagnostics efficiency upon the results of a company’s activity is the most important problem of modern management. The standard conventional methods and tools of the financial analysis have remained in the past. The top management of a modern company ever more often reflects on the alternative approaches for an assessment objectively capable of reflecting both the current situation and the near-term threats jeopardizing the company’s activity. One of such approaches is the business value appraisal method from the time perspective. The advantage of this approach is leading properties inherent in the indices. This article studie…
Challenges for Financial Managers in a Changing Economic Environment
2015
Abstract The fast changes and challenges that took place in the economic environment in the last years broadened the role of financial managers. If their basic responsibilities were linked mainly to financial reporting, financial planning, capital budgeting, capital structure, nowadays a stronger strategic dimension defines the role of financial managers. In addition, an important role is given to the financial manager in communicating professionally not only to the investors but also to the board. The aim of this paper is to give an overview of the challenges that the current economic context is bringing to the finance function and to present how the role of the financial managers is chang…
Sustainable and Conventional Banking in Europe
2020
At the end of the 20th century a new banking model, the so-called ethical banking, emerged becoming the maximum exponent of a socially responsible investment. The financial crisis in 2008 led to a distrust of the conventional financial system and consequently investors began to look with interest this new banking, which only invests in ethical activities and products, with social and environmental criteria, total transparency and a democratic management. The aim of this article is to analyze the economic structure of ethical banking, compared to that of conventional banking, by paying attention to its liquidity, coverage and solvency. Specifically, We compare the financial statements of Tri…
Market Impact and Trading Profile of Hidden Orders in Stock Markets
2009
We empirically study the market impact of trading orders. We are specifically interested in large trading orders that are executed incrementally, which we call hidden orders. These are statistically reconstructed based on information about market member codes using data from the Spanish Stock Market and the London Stock Exchange. We find that market impact is strongly concave, approximately increasing as the square root of order size. Furthermore, as a given order is executed, the impact grows in time according to a power law; after the order is finished, it reverts to a level of about 0.5-0.7 of its value at its peak. We observe that hidden orders are executed at a rate that more or less m…
EVALUATION OF EFFICIENCY IN THE PUBLIC SECTOR
2016
The paper is focused on the efficiency of government activities and possibilities of evaluating it. Nowadays an appropriate use of public finances is an urgent problem of financial management of the state. Therefore, a special emphasis is put on the necessity to evaluate the results of activities of the public sector. These results have become an important element of the public financial system oriented towards results, as they form a stable base for planning and evaluating government budget resources. Being unaware of results, it is impossible to estimate if the aims and tasks set by the government financial policy are real and appropriate to the current situation and financial resources. …
An exploratory approach for benefits management in e-government: Insights from 48 Norwegian government funded projects
2008
Author's version of a chapter in Proceeding of 41th Hawaii International Conference on System Sciences. Also available from the publisher at http://dx.doi.org/10.1109/HICSS.2008.55 Efforts to improve governance and government functions through the use of information technology continue to draw considerable parts of the budgets of government agencies. To meet public and political demands for increased visibility of effects of e- Government investments, there is a trend to extend existing practices of evaluation towards more holistic management practices, commonly referred to as benefits management. However, benefits management practices and effects of such practices are poorly documented. Th…
Which Governance Mechanisms Promote Efficiency in Reaching Poor Clients? Evidence from Rated Microfinance Institutions
2009
Accepted version of an article from the journal: European Financial Management. Also available from Wiley: http://dx.doi.org/10.1111/j.1468-036X.2009.00524.x
Fundusz Medyczny - organizacja i zasady gospodarki finansowej
2021
Celem artykułu jest analiza przepisów normujących organizację i zasady gospodarki finansowej Funduszu Medycznego w kontekście funkcji, jakie w doktrynie prawa finansowego przypisuje się funduszom celowym. W pierwszej części opracowania poddano ocenie regulacje dotyczące organizacji i zadań tej jednostki. Drugą poświęcono przedstawieniu źródeł finansowania oraz zasad gospodarki finansowej Funduszu, zwracając szczególną uwagę na problem zasilania tej jednostki tzw. wpłatą z budżetu państwa. Z uwagi na ograniczone ramy artykułu do odrębnego opracowania pozostawiono problematykę programów inwestycyjnych oraz kwestię trybu i zasad przekazywania środków z Funduszu. Stosując metody właściwe współc…
Exploring the Relationship between Information Technology Infrastructure Library and Process Management: Theory Development and Empirical Testing
2014
This paper investigates whether information technology (IT) departments that implement the IT Infrastructure Library (ITIL) processes also employ process management. This is a pertinent issue, as ITIL not only implies a time-limited program for redesigning vital IT processes according to best practices but a complete transformation to ITIL also implies that processes are managed on a daily basis. Without process management, ITIL will not be a success beyond its initial implementation. A survey of 444 Nordic ITIL experts was conducted to examine if there is a correlation between the implementation of ITIL processes and process management. The results are unambiguous and promising for sustain…
The impact of senior management involvement, organisational commitment and group efficacy on ITIL implementation benefits
2014
Published version of an article from the journal: Information Systems and e-Business Management. Also available from Springerlink: http://dx.doi.org/10.1007/s10257-014-0253-4 Senior management involvement, organisational commitment and group efficacy are expected to have a positive impact on Information Technology Infrastructure Library (ITIL) implementation benefits. Specifically, more involvement, commitment and efficacy should produce greater achievement. Analysing data from a survey of 446 Nordic ITIL experts, this paper examines the relationships between these predictor factors and benefits, and investigates which is most critical. This study verifies the importance of all factors, but…