M. Cieciora, P. Pietrzak, M. Dębski, Krzysztof Kandefer, Wiktor Bołkunow
Abstract The purpose of this paper is to present differences in the perception of current and desired organizational culture between two different types of workers – academic and administrative staff – in non-public universities in Poland. A synthetic review of the literature on organizational culture at universities and the workplace attitudes of the two groups of university employees was conducted and presented. Research in the form of a survey based on Cameron and Quinn's model was conducted in three non-public universities in Poland. A sample of opinions of 115 workers was gathered and analyzed. It was found in the study that according to academic workers, the present culture was market culture, whereas for administrative workers, it was hierarchy culture. Both groups chose clan culture as the preferred culture. The findings may be useful for higher education decision makers in their attempts to transform universities into market-oriented, yet friendly workplaces. The study's limitations include a relatively small sample of respondents. A further, more comprehensive research into the subject will be worth conducting.
{"title":"Differences in the Perception of Organizational Culture in Non-Public Universities in Poland by Academic and Administrative Staff – A Study Based on Cameron and Quinn's Model","authors":"M. Cieciora, P. Pietrzak, M. Dębski, Krzysztof Kandefer, Wiktor Bołkunow","doi":"10.2478/fman-2021-0010","DOIUrl":"https://doi.org/10.2478/fman-2021-0010","url":null,"abstract":"Abstract The purpose of this paper is to present differences in the perception of current and desired organizational culture between two different types of workers – academic and administrative staff – in non-public universities in Poland. A synthetic review of the literature on organizational culture at universities and the workplace attitudes of the two groups of university employees was conducted and presented. Research in the form of a survey based on Cameron and Quinn's model was conducted in three non-public universities in Poland. A sample of opinions of 115 workers was gathered and analyzed. It was found in the study that according to academic workers, the present culture was market culture, whereas for administrative workers, it was hierarchy culture. Both groups chose clan culture as the preferred culture. The findings may be useful for higher education decision makers in their attempts to transform universities into market-oriented, yet friendly workplaces. The study's limitations include a relatively small sample of respondents. A further, more comprehensive research into the subject will be worth conducting.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"131 - 144"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41639481","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Sándor Forrai, Balázs Ludányi, I. Szabó, Justyna Smagowicz, Cezary Szwed
Abstract The paper concerns research and improvement of production processes in one of the European companies in the rubber industry The company did not allow the name or country to be given.. The main goal is to improve the production process of the thermo-plastics obtained from polymer materials on the company's production line. Improvement is defined as a reduction of the setup time of a key machine in the tested production process. The research method includes the analysis of the literature, observation of the studied process, and the accomplished computer simulation experiments. The proposed activities relate to the reinforcement of the key part of the machine, the change of the machine setup method, and the preliminary staff assignment to the specific tasks. The results of the simulation experiments confirm the implementation of the proposed improvements. The theoretical contribution to the research field development is the proposal of the simulation modeling methodology to improve production processes of continuous materials. Practical conclusions lead to recommendations for the implementation of improvements in the enterprise, with direct application of the proposed actions.
{"title":"Research Method for Management of Thermoplastics Production Improvement in Rubber Industry with the Use of 3D Simulation Modeling","authors":"Sándor Forrai, Balázs Ludányi, I. Szabó, Justyna Smagowicz, Cezary Szwed","doi":"10.2478/fman-2021-0002","DOIUrl":"https://doi.org/10.2478/fman-2021-0002","url":null,"abstract":"Abstract The paper concerns research and improvement of production processes in one of the European companies in the rubber industry The company did not allow the name or country to be given.. The main goal is to improve the production process of the thermo-plastics obtained from polymer materials on the company's production line. Improvement is defined as a reduction of the setup time of a key machine in the tested production process. The research method includes the analysis of the literature, observation of the studied process, and the accomplished computer simulation experiments. The proposed activities relate to the reinforcement of the key part of the machine, the change of the machine setup method, and the preliminary staff assignment to the specific tasks. The results of the simulation experiments confirm the implementation of the proposed improvements. The theoretical contribution to the research field development is the proposal of the simulation modeling methodology to improve production processes of continuous materials. Practical conclusions lead to recommendations for the implementation of improvements in the enterprise, with direct application of the proposed actions.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"21 - 34"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41364629","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract This article discusses the issue of assessing the quality of cluster management by utilizing Internet customer feedback about companies that are members of clusters. Due to the growing number of Internet users, companies pay greater attention to the opinions published about them. Consumers are also increasingly willing to share their opinions and thoughts about the products they use. As a result, it has become possible to analyze the quality of services and products provided by an enterprise based on Internet opinions. In this article, we analyze the quality of cluster management as reflected in the European Cluster Excellence Initiative (ECEI) label, as measured by sentiment analysis of Internet opinions. The paper proposes a method for the identification and evaluation of Internet sources used in the opinion sentiment analysis. Sentiment analysis of Internet opinions of cluster and in-cluster business customers was performed, and the results were compared with the level of the ECEI label, which was awarded to the analyzed clusters. The conducted research showed convergences between formalized systems of management quality assessment and the level of opinions expressed on the Internet. The results testify that sentiment analysis can complement the evaluation of cluster management quality.
{"title":"Evaluation of Cluster Management Quality Based on Consumer Opinion Sentiment Analysis","authors":"Piotr Młodzianowski, J. A. Valencia Hernandez","doi":"10.2478/fman-2021-0017","DOIUrl":"https://doi.org/10.2478/fman-2021-0017","url":null,"abstract":"Abstract This article discusses the issue of assessing the quality of cluster management by utilizing Internet customer feedback about companies that are members of clusters. Due to the growing number of Internet users, companies pay greater attention to the opinions published about them. Consumers are also increasingly willing to share their opinions and thoughts about the products they use. As a result, it has become possible to analyze the quality of services and products provided by an enterprise based on Internet opinions. In this article, we analyze the quality of cluster management as reflected in the European Cluster Excellence Initiative (ECEI) label, as measured by sentiment analysis of Internet opinions. The paper proposes a method for the identification and evaluation of Internet sources used in the opinion sentiment analysis. Sentiment analysis of Internet opinions of cluster and in-cluster business customers was performed, and the results were compared with the level of the ECEI label, which was awarded to the analyzed clusters. The conducted research showed convergences between formalized systems of management quality assessment and the level of opinions expressed on the Internet. The results testify that sentiment analysis can complement the evaluation of cluster management quality.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"219 - 228"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44702027","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The purpose of this quantitative research was to investigate the basis and perception of mobile money (MM) service among Nigerian university students. The paper adopted a positivistic ontology and descriptive survey design. Two hundred and fifty students from five universities in the southeast geopolitical zone of Nigeria were sampled. Results showed that perceived ease of use (PEOU), perceived usefulness (PU), perceived credibility (PCRED), and perceived risk (PR) had significant and positive relationship with behavioral intention. Given the results, these four fundamental issues must be central to inclusive mobile money-based financial service for Nigerian university students. The adoption of the technology acceptance model (TAM) by mobile network operators (MNO) and banks is critical to ensure acceptance of innovative and inclusive mobile-based financial service and success in the university student market.
{"title":"The Basics of a Mobile Money-Based Financial Service: Perceptions of University Students in Nigeria","authors":"C. Nwankwo, M. Kanyangale, J. Abugu","doi":"10.2478/fman-2021-0016","DOIUrl":"https://doi.org/10.2478/fman-2021-0016","url":null,"abstract":"Abstract The purpose of this quantitative research was to investigate the basis and perception of mobile money (MM) service among Nigerian university students. The paper adopted a positivistic ontology and descriptive survey design. Two hundred and fifty students from five universities in the southeast geopolitical zone of Nigeria were sampled. Results showed that perceived ease of use (PEOU), perceived usefulness (PU), perceived credibility (PCRED), and perceived risk (PR) had significant and positive relationship with behavioral intention. Given the results, these four fundamental issues must be central to inclusive mobile money-based financial service for Nigerian university students. The adoption of the technology acceptance model (TAM) by mobile network operators (MNO) and banks is critical to ensure acceptance of innovative and inclusive mobile-based financial service and success in the university student market.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"209 - 218"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43270973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract This study discusses the use of digital technology platforms (DTPs) in the context of cyber-security in the industrial sector, with a focus on digital industry (industrial) platforms (DIPs). A definition of DTPs is presented, including the author's interpretation, as well as the scope of DTP application in the industrial sector, which includes, in particular, European Digital Platforms (EDPs) and Polish Digital Platforms (PDPs), such as non-ferrous metals PDP or intelligent transport systems PDP. This is followed by a section covering the theoretical basis of the study that highlights the key challenges and risks associated with the use of DTPs as well as the methods for their neutralization in the form of specific concepts and systems that can be employed in the industrial sector. The subsequent section of the study is based on results of the author's own survey which collected information from a total of 120 companies operating in Poland, which were granted subsidies under the Operational Program Innovative Economy for investments involving the implementation and development of DTPs. The survey was carried out using a questionnaire developed by the author, which consisted of 23 questions. In this respect, as shown by the author's own studies, of greatest relevance are hardware failures and Internet outage events. Most importantly, concerns about such risks are some of the major factors underlying the negative attitudes of management staff of industrial companies toward DTPs, and therefore, it is so important to ensure that any such risks can be effectively addressed. They can be avoided through the use of certain concepts and systems such as STOE or CVSS. A typical company may know the model of DTPs in the context of challenges in the field of cybersecurity through this study; in particular, it can improve IT security.
{"title":"The Use of Digital Technology Platforms in the Context of Cybersecurity in the Industrial Sector","authors":"Krzysztof Bartczak","doi":"10.2478/fman-2021-0009","DOIUrl":"https://doi.org/10.2478/fman-2021-0009","url":null,"abstract":"Abstract This study discusses the use of digital technology platforms (DTPs) in the context of cyber-security in the industrial sector, with a focus on digital industry (industrial) platforms (DIPs). A definition of DTPs is presented, including the author's interpretation, as well as the scope of DTP application in the industrial sector, which includes, in particular, European Digital Platforms (EDPs) and Polish Digital Platforms (PDPs), such as non-ferrous metals PDP or intelligent transport systems PDP. This is followed by a section covering the theoretical basis of the study that highlights the key challenges and risks associated with the use of DTPs as well as the methods for their neutralization in the form of specific concepts and systems that can be employed in the industrial sector. The subsequent section of the study is based on results of the author's own survey which collected information from a total of 120 companies operating in Poland, which were granted subsidies under the Operational Program Innovative Economy for investments involving the implementation and development of DTPs. The survey was carried out using a questionnaire developed by the author, which consisted of 23 questions. In this respect, as shown by the author's own studies, of greatest relevance are hardware failures and Internet outage events. Most importantly, concerns about such risks are some of the major factors underlying the negative attitudes of management staff of industrial companies toward DTPs, and therefore, it is so important to ensure that any such risks can be effectively addressed. They can be avoided through the use of certain concepts and systems such as STOE or CVSS. A typical company may know the model of DTPs in the context of challenges in the field of cybersecurity through this study; in particular, it can improve IT security.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"117 - 130"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44954463","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The successful practice of innovation in any organization demands the integration and interaction of individual, collective, and organizational climate levels of management. Leadership styles have an impact on all these three levels of management. However, little work has been done to assess this impact, especially in the context of United Arab Emirates (UAE)-based organizations. This study was conducted with the purpose of assessing whether leadership processes, tools, and techniques differ in innovative organizations and, thereafter, propose general leadership requirements for innovative projects in the UAE. This study adopts statistical data-processing methods, such as descriptive statistics, the reliability of the instrument, correlation, and regression analysis. Data obtained through a survey of UAE-based organizations were used for analyzing whether innovativeness (as perceived by employees) is statistically correlated with leadership dimensions. The research results show that the transformational leadership style scores better over transactional leadership when it comes to predicting innovations.
{"title":"Innovation and Leadership: A Study of Organizations Based in the United Arab Emirates","authors":"Ruchi Agarwal, Babeet Gupta","doi":"10.2478/fman-2021-0006","DOIUrl":"https://doi.org/10.2478/fman-2021-0006","url":null,"abstract":"Abstract The successful practice of innovation in any organization demands the integration and interaction of individual, collective, and organizational climate levels of management. Leadership styles have an impact on all these three levels of management. However, little work has been done to assess this impact, especially in the context of United Arab Emirates (UAE)-based organizations. This study was conducted with the purpose of assessing whether leadership processes, tools, and techniques differ in innovative organizations and, thereafter, propose general leadership requirements for innovative projects in the UAE. This study adopts statistical data-processing methods, such as descriptive statistics, the reliability of the instrument, correlation, and regression analysis. Data obtained through a survey of UAE-based organizations were used for analyzing whether innovativeness (as perceived by employees) is statistically correlated with leadership dimensions. The research results show that the transformational leadership style scores better over transactional leadership when it comes to predicting innovations.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"73 - 84"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48558742","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The current, fast market changes require enterprises to dynamically adapt the way they conduct their business. This poses many challenges for information technology. Market requirements for immediate response to business changes became the basis of the idea of a real-time information processing (RTE) company. RTE provides real-time information to employees and business partners. Integrated IT systems supporting management constitute a common platform – the foundation of a real-time enterprise. The aim of the article is to present the basic problems of building an IT system that is the basis of a real-time information processing (RTE) company. It is a summary of our work on this type of system. The article justifies the thesis about the need to build a system for the RTE's requirements and the conditions of its implementation. Such a system is designed to provide employees and business partners with the information they need in real time. The use of integrated systems such as ERP, CRM, SCM, and so on provides the ability to implement the main business processes of a real-time enterprise. The article presents both literature analysis and the characteristics of own work on designing IT systems for RTE. Particular attention was paid to the analysis of success factors (determinants) in system design and the use of MUST methodology (MUST is a Danish acronym for theories of and methods for design activities). The final part of the article presents a proposal for further work on IT systems for RTE in the context of existing trends such as DARQ technology (Distributed Ledger, Artificial Intelligence, Extended Reality, Quantum computing).
{"title":"Real Time Enterprise as a Platform of Support Management Systems","authors":"J. Kisielnicki, M. Markowski","doi":"10.2478/fman-2021-0001","DOIUrl":"https://doi.org/10.2478/fman-2021-0001","url":null,"abstract":"Abstract The current, fast market changes require enterprises to dynamically adapt the way they conduct their business. This poses many challenges for information technology. Market requirements for immediate response to business changes became the basis of the idea of a real-time information processing (RTE) company. RTE provides real-time information to employees and business partners. Integrated IT systems supporting management constitute a common platform – the foundation of a real-time enterprise. The aim of the article is to present the basic problems of building an IT system that is the basis of a real-time information processing (RTE) company. It is a summary of our work on this type of system. The article justifies the thesis about the need to build a system for the RTE's requirements and the conditions of its implementation. Such a system is designed to provide employees and business partners with the information they need in real time. The use of integrated systems such as ERP, CRM, SCM, and so on provides the ability to implement the main business processes of a real-time enterprise. The article presents both literature analysis and the characteristics of own work on designing IT systems for RTE. Particular attention was paid to the analysis of success factors (determinants) in system design and the use of MUST methodology (MUST is a Danish acronym for theories of and methods for design activities). The final part of the article presents a proposal for further work on IT systems for RTE in the context of existing trends such as DARQ technology (Distributed Ledger, Artificial Intelligence, Extended Reality, Quantum computing).","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"7 - 20"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47822305","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
A. Galkin, Vitaliy Zaytsev, V. Shyshkin, L. Obolentseva, Yuliia Popova
Abstract The rapid development of retail and e-commerce is forcing marketing and logistics to be competitive and adapt to the demands of end-customers. At the same time, accurately determining the demand for goods allows to better understand customers and plan deliveries. The purpose of this article is to study the change in patterns of probability of choosing the option to purchase goods among end-consumers with and without the presence of e-commerce. The study consisted of research buyers, determining the probability of purchasing goods from “consumer basket” in the traditional way and over the Internet, which is considered for the example of one of the Kharkiv districts. The results develop e-commerce potential in Ukraine and are intended to determine the motives of consumers when choosing a shopping option.
{"title":"Patterns of the Distribution of the Demand of End-Consumers among Retailers in the Zone of their Residence","authors":"A. Galkin, Vitaliy Zaytsev, V. Shyshkin, L. Obolentseva, Yuliia Popova","doi":"10.2478/fman-2021-0011","DOIUrl":"https://doi.org/10.2478/fman-2021-0011","url":null,"abstract":"Abstract The rapid development of retail and e-commerce is forcing marketing and logistics to be competitive and adapt to the demands of end-customers. At the same time, accurately determining the demand for goods allows to better understand customers and plan deliveries. The purpose of this article is to study the change in patterns of probability of choosing the option to purchase goods among end-consumers with and without the presence of e-commerce. The study consisted of research buyers, determining the probability of purchasing goods from “consumer basket” in the traditional way and over the Internet, which is considered for the example of one of the Kharkiv districts. The results develop e-commerce potential in Ukraine and are intended to determine the motives of consumers when choosing a shopping option.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"145 - 158"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42274678","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract The presented research work relates to the category of quality in higher education. This article aims to present the determinants of the quality of education in the context of international standards. The background of the considerations is the Bologna Declaration and the European Higher Education Area. The results of the research carried out with the use of the nominal group method and the data analysis carried out based on the SERVQUAL model for education revealed groups of quality determinants that are not included in the standards of internal quality assurance. It has been found that the principle of autonomy of universities in the European Higher Education Area is a sufficient basis to include the determinants of the quality of education identified by internal stakeholders of a given university in the internal quality of education assurance system.
{"title":"Quality Gaps in Higher Education from the Perspective of Students","authors":"P. Grudowski, Katarzyna Szczepańska","doi":"10.2478/fman-2021-0003","DOIUrl":"https://doi.org/10.2478/fman-2021-0003","url":null,"abstract":"Abstract The presented research work relates to the category of quality in higher education. This article aims to present the determinants of the quality of education in the context of international standards. The background of the considerations is the Bologna Declaration and the European Higher Education Area. The results of the research carried out with the use of the nominal group method and the data analysis carried out based on the SERVQUAL model for education revealed groups of quality determinants that are not included in the standards of internal quality assurance. It has been found that the principle of autonomy of universities in the European Higher Education Area is a sufficient basis to include the determinants of the quality of education identified by internal stakeholders of a given university in the internal quality of education assurance system.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"35 - 48"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45930105","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Abstract Insurance companies operate in a turbulent, constantly changing environment. The insurance market plays an important role in the economy. On the one hand, it is characterized by the dynamic development of services based on new technologies and distribution channels, and on the other hand, it is subject to transformations related to changes in the scope of conducting insurance activities – including new legal regulations – and has to counter global challenges, such as the crisis which started in 2007 on the American financial market. In such realities, insurers must manage their investment activities. The article indicates the legal basis of the restrictions applicable to insurance companies in relation to their investment activities. The Solvency II system is discussed and the most important differences from its predecessor – Solvency I – are presented, and there is an analysis of the structure of investments of domestic life and non-life insurance companies.
{"title":"Investment Activities of Polish Insurance Companies Before and After Solvency II","authors":"Daniel Szaniewski","doi":"10.2478/fman-2021-0018","DOIUrl":"https://doi.org/10.2478/fman-2021-0018","url":null,"abstract":"Abstract Insurance companies operate in a turbulent, constantly changing environment. The insurance market plays an important role in the economy. On the one hand, it is characterized by the dynamic development of services based on new technologies and distribution channels, and on the other hand, it is subject to transformations related to changes in the scope of conducting insurance activities – including new legal regulations – and has to counter global challenges, such as the crisis which started in 2007 on the American financial market. In such realities, insurers must manage their investment activities. The article indicates the legal basis of the restrictions applicable to insurance companies in relation to their investment activities. The Solvency II system is discussed and the most important differences from its predecessor – Solvency I – are presented, and there is an analysis of the structure of investments of domestic life and non-life insurance companies.","PeriodicalId":43250,"journal":{"name":"Foundations of Management","volume":"13 1","pages":"229 - 242"},"PeriodicalIF":1.1,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42628337","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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