N. Hlynskyy, Y. Krykavskyy, Olha Hirna, Y. Savchenko
Abstract Newly formed territorial communities acquire a real subjectivity in the processes of the management of territorial development: they become responsible for a significant share of day-to-day economic activities within their sphere of responsibility, especially in territories with a predominantly rural population. This article aimed to study the changing role of local self-government in ensuring the economic development of the low-urbanized territory, determining public opinion and expectations of residents from local governments in the new conditions. A public opinion poll of residents living in selected local communities was conducted. This article identified the objective factors of the level and pace of newly formed territorial communities’ development in Ukraine. It has been proved that the decentralization of power changes the role of local government and the expectations of residents from it and their assessments of the situation at the local level.
{"title":"Transformation of the economic role of local self-government in low-urbanized territories in Ukraine: Initial conditions and social perception","authors":"N. Hlynskyy, Y. Krykavskyy, Olha Hirna, Y. Savchenko","doi":"10.2478/ijme-2022-0018","DOIUrl":"https://doi.org/10.2478/ijme-2022-0018","url":null,"abstract":"Abstract Newly formed territorial communities acquire a real subjectivity in the processes of the management of territorial development: they become responsible for a significant share of day-to-day economic activities within their sphere of responsibility, especially in territories with a predominantly rural population. This article aimed to study the changing role of local self-government in ensuring the economic development of the low-urbanized territory, determining public opinion and expectations of residents from local governments in the new conditions. A public opinion poll of residents living in selected local communities was conducted. This article identified the objective factors of the level and pace of newly formed territorial communities’ development in Ukraine. It has been proved that the decentralization of power changes the role of local government and the expectations of residents from it and their assessments of the situation at the local level.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"10 1","pages":"267 - 278"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84222392","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}
Anna Białek-Jaworska, Justyna Dobroszek, Paulina Szatkowska
Abstract The paper aims to assess the International Financial Reporting Standard (IFRS) 16 “Leases” impact on the lessees’ financial situation. The study was conducted on the financial data for 2018–2019 of 494 companies listed on the Warsaw Stock Exchange using the difference-in-differences (DID) method. The hand-collected data on lease usage retrieved from the financial statements and the data for financial ratios obtained from the Orbis database were used. The research sample includes 308 preparers under IFRS and 186 entities applying accounting policies under the Polish Accounting Act. It is shown that the IFRS 16 implementation resulted in a significant increase in the debt-to-equity and debt-to-total assets ratios of lessees and a decrease in the profitability. We identified significant leverage increase in the trade and services sectors. The results confirm the conclusions of previous studies based on estimates, whose authors expected a significant differential effect of IFRS 16 implementation between industries.
{"title":"Does the IFRS 16 affect the key ratios of listed companies? Evidence from Poland","authors":"Anna Białek-Jaworska, Justyna Dobroszek, Paulina Szatkowska","doi":"10.2478/ijme-2022-0016","DOIUrl":"https://doi.org/10.2478/ijme-2022-0016","url":null,"abstract":"Abstract The paper aims to assess the International Financial Reporting Standard (IFRS) 16 “Leases” impact on the lessees’ financial situation. The study was conducted on the financial data for 2018–2019 of 494 companies listed on the Warsaw Stock Exchange using the difference-in-differences (DID) method. The hand-collected data on lease usage retrieved from the financial statements and the data for financial ratios obtained from the Orbis database were used. The research sample includes 308 preparers under IFRS and 186 entities applying accounting policies under the Polish Accounting Act. It is shown that the IFRS 16 implementation resulted in a significant increase in the debt-to-equity and debt-to-total assets ratios of lessees and a decrease in the profitability. We identified significant leverage increase in the trade and services sectors. The results confirm the conclusions of previous studies based on estimates, whose authors expected a significant differential effect of IFRS 16 implementation between industries.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"175 1","pages":"299 - 315"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77359451","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 Mentoring programs developed at universities are an effective method of supporting student development. The participation in these programs brings them many benefits. These benefits include increased prestige in the community, gaining new experiences and achieving defined goals in the case of universities. It is essential to improve the mentoring programs implemented at universities. This article presents the results of research carried out within the framework of the BEGIN project implemented and funded under the Erasmusplus program. The aim of the research was to identify academic staff's experiences of participating in formal and informal mentoring programs. Ten in-depth interviews were conducted with respondents from Italy, Poland and Germany. A purposive selection method was used. The research provided clues with a practical dimension on how to implement mentoring programs, usefulness from the student's point of view, effectiveness and efficiency, and how to measure the impact of the program on students.
{"title":"Experience of academic staff in mentoring programs","authors":"Ireneusz Żuchowski, N. Casalino, Bartosz Murat","doi":"10.2478/ijme-2022-0019","DOIUrl":"https://doi.org/10.2478/ijme-2022-0019","url":null,"abstract":"Abstract Mentoring programs developed at universities are an effective method of supporting student development. The participation in these programs brings them many benefits. These benefits include increased prestige in the community, gaining new experiences and achieving defined goals in the case of universities. It is essential to improve the mentoring programs implemented at universities. This article presents the results of research carried out within the framework of the BEGIN project implemented and funded under the Erasmusplus program. The aim of the research was to identify academic staff's experiences of participating in formal and informal mentoring programs. Ten in-depth interviews were conducted with respondents from Italy, Poland and Germany. A purposive selection method was used. The research provided clues with a practical dimension on how to implement mentoring programs, usefulness from the student's point of view, effectiveness and efficiency, and how to measure the impact of the program on students.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"58 1","pages":"316 - 330"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73545479","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 study aims to empirically analyze the reaction of stock prices to the information about the conclusion and acceptance of a debtor–creditor arrangement under restructuring proceedings of companies listed on the stock exchange in Poland. The following main research hypothesis was verified: public disclosure of information about an arrangement conclusion and acceptance in restructuring proceedings results in above-average rates of return due to investments in the stocks of these entities in the short term. Three events were assessed: the public disclosure of information about the conclusion of a debtor–creditor arrangement (Event 1), its approval by a court (Event 2), and the decision becoming final (Event 3). The research method applied was the event study. Event 1 and Event 3 leads to an above-average and statistically significant increase in stock prices on the day of the event. In contrast, no statistically significant above-average rates of return accompanied Event 2.
{"title":"Stock price reaction to an arrangement approval in restructuring proceedings – the case of Poland","authors":"B. Prusak, Marcin Potrykus","doi":"10.2478/ijme-2022-0014","DOIUrl":"https://doi.org/10.2478/ijme-2022-0014","url":null,"abstract":"Abstract The study aims to empirically analyze the reaction of stock prices to the information about the conclusion and acceptance of a debtor–creditor arrangement under restructuring proceedings of companies listed on the stock exchange in Poland. The following main research hypothesis was verified: public disclosure of information about an arrangement conclusion and acceptance in restructuring proceedings results in above-average rates of return due to investments in the stocks of these entities in the short term. Three events were assessed: the public disclosure of information about the conclusion of a debtor–creditor arrangement (Event 1), its approval by a court (Event 2), and the decision becoming final (Event 3). The research method applied was the event study. Event 1 and Event 3 leads to an above-average and statistically significant increase in stock prices on the day of the event. In contrast, no statistically significant above-average rates of return accompanied Event 2.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"6 1","pages":"279 - 298"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"77830077","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 From the perspective of the diversity of capitalism and that of economic sociology, the article deals with the issue of center-peripheral relations as one of the key dimensions of economic diversification that determines the development opportunities of the European Union. The collapse of the convergence processes during the 2008–2010 financial crisis revealed the separateness of development trajectories of various countries and geographical regions of the EU. Without reversing this phenomenon and working out new mechanisms of development convergence and institutions supporting them, the process of European integration will enter further structural crises that may lead to the disintegration of the EU. Various classifications of the core and of the peripheries of the euro area are characterized, within which several types of countries are identified with different economic characteristics (countries of the Northern core and of the Southern peripheries of the euro area, different types of peripheries in Southern Europe and in Central and Eastern Europe, the internal core and the external core or the outer core, and the internal peripheries and the external peripheries, as well as the super-peripheries including candidates or potential candidates to join the EU). The COVID-19 crisis has an asymmetric impact on the economic situation of the Member States. As with other crises, this impact will be the result of the interconnection of the prior state of economies, structural differences in growth patterns, and responses to new challenges brought about by the pandemic. Also, the consequences of the pandemic for the reconfiguration of center-peripheral relations in the EU are discussed, with a particular focus on the CEE.
{"title":"The coronavirus and center-peripheral relations in the economies of the European Union","authors":"K. Jasiecki","doi":"10.2478/ijme-2022-0017","DOIUrl":"https://doi.org/10.2478/ijme-2022-0017","url":null,"abstract":"Abstract From the perspective of the diversity of capitalism and that of economic sociology, the article deals with the issue of center-peripheral relations as one of the key dimensions of economic diversification that determines the development opportunities of the European Union. The collapse of the convergence processes during the 2008–2010 financial crisis revealed the separateness of development trajectories of various countries and geographical regions of the EU. Without reversing this phenomenon and working out new mechanisms of development convergence and institutions supporting them, the process of European integration will enter further structural crises that may lead to the disintegration of the EU. Various classifications of the core and of the peripheries of the euro area are characterized, within which several types of countries are identified with different economic characteristics (countries of the Northern core and of the Southern peripheries of the euro area, different types of peripheries in Southern Europe and in Central and Eastern Europe, the internal core and the external core or the outer core, and the internal peripheries and the external peripheries, as well as the super-peripheries including candidates or potential candidates to join the EU). The COVID-19 crisis has an asymmetric impact on the economic situation of the Member States. As with other crises, this impact will be the result of the interconnection of the prior state of economies, structural differences in growth patterns, and responses to new challenges brought about by the pandemic. Also, the consequences of the pandemic for the reconfiguration of center-peripheral relations in the EU are discussed, with a particular focus on the CEE.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"38 1","pages":"235 - 247"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80118199","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 study aims at estimating the effects of support for research and development and innovation from the European Union (EU) budget for boosting innovation in European enterprises, using input, output, and behavioral additionality approach. The study is based on microdata of the Community Innovation Survey 2012–2014, covering a sample of 98,809 enterprises from 14 EU countries. The direct and indirect relationships between the variables were studied using path analysis. For the whole sample, three additionality dimensions were confirmed; however, the result differs across EU member states. Multi-additionality of EU grants was confirmed only for Spain; in eight EU countries, input and behavioral additionality were proved, and in two, only behavioral additionality was found. This leads to the conclusion that the potential of EU support is not fully exploited, in particular in Central and Eastern European countries, and there is room for improvements with regard to policy design and implementation.
{"title":"Evaluating the impact of public financial support on innovation activities of European Union enterprises: Additionality approach","authors":"M. Lewandowska, M. Weresa, M. Rószkiewicz","doi":"10.2478/ijme-2022-0020","DOIUrl":"https://doi.org/10.2478/ijme-2022-0020","url":null,"abstract":"Abstract The study aims at estimating the effects of support for research and development and innovation from the European Union (EU) budget for boosting innovation in European enterprises, using input, output, and behavioral additionality approach. The study is based on microdata of the Community Innovation Survey 2012–2014, covering a sample of 98,809 enterprises from 14 EU countries. The direct and indirect relationships between the variables were studied using path analysis. For the whole sample, three additionality dimensions were confirmed; however, the result differs across EU member states. Multi-additionality of EU grants was confirmed only for Spain; in eight EU countries, input and behavioral additionality were proved, and in two, only behavioral additionality was found. This leads to the conclusion that the potential of EU support is not fully exploited, in particular in Central and Eastern European countries, and there is room for improvements with regard to policy design and implementation.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"80 1","pages":"248 - 266"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83328909","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}
{"title":"In memory of Professor Ronald W. Jones","authors":"Ronald W Jones","doi":"10.2478/ijme-2022-0021","DOIUrl":"https://doi.org/10.2478/ijme-2022-0021","url":null,"abstract":"","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"12 1","pages":"331 - 332"},"PeriodicalIF":0.8,"publicationDate":"2022-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90885224","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}
D. Masłowski, E. Kulińska, M. Salwin, Karolina Pawlas, Karolina Kulińska-Jachowska
Abstract During the state of epidemic in Poland in 2020, all facilities providing medical services were subject to constant reorganization. Legal changes, which were introduced at a very rapid pace, did not allow the standardization of the work of the health service. Therefore, the assessment of the practical effects of the introduced legal measures is challenging due to the lack of fixed benchmarks. Accordingly, the research method used in the article is a survey conducted among employees of the Voivodeship Specialist Hospital in December 2020, in which 165 employees from different wards participated. For this purpose, the article presents the detailed description of policy regulations related to healthcare management introduced in Poland in 2020. Combining legal research and qualitative data allowed general conclusions to be drawn with regard to the quality assessment of the implemented policy measures from the perspective of healthcare professionals.
{"title":"Impact of policy regulations on the functioning of hospitals in Poland during the COVID-19 pandemic: a qualitative analysis","authors":"D. Masłowski, E. Kulińska, M. Salwin, Karolina Pawlas, Karolina Kulińska-Jachowska","doi":"10.2478/ijme-2022-0012","DOIUrl":"https://doi.org/10.2478/ijme-2022-0012","url":null,"abstract":"Abstract During the state of epidemic in Poland in 2020, all facilities providing medical services were subject to constant reorganization. Legal changes, which were introduced at a very rapid pace, did not allow the standardization of the work of the health service. Therefore, the assessment of the practical effects of the introduced legal measures is challenging due to the lack of fixed benchmarks. Accordingly, the research method used in the article is a survey conducted among employees of the Voivodeship Specialist Hospital in December 2020, in which 165 employees from different wards participated. For this purpose, the article presents the detailed description of policy regulations related to healthcare management introduced in Poland in 2020. Combining legal research and qualitative data allowed general conclusions to be drawn with regard to the quality assessment of the implemented policy measures from the perspective of healthcare professionals.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"2 1","pages":"192 - 217"},"PeriodicalIF":0.8,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76985459","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 Objectives To explore the determinants of consumer purchase intentions on foreign multi-sided e-commerce platforms (MSPs) within the context of the COVID-19 pandemic. Methods applied The study relies on a survey of a representative sample of 810 Poles. Partial least squares structural equation modeling (PLS-SEM) was applied to analyze the data. Findings The study confirms the influence of the perceived usefulness and legal protection of online purchases, changes in retailers’ activity during the pandemic, and perceived value of purchases on a MSP on purchase intentions. Originality/value The article provides insight into consumer online behavior, i.e., determinants of the intention to purchase via MSPs, including those not extensively studied yet. It also takes into account the context of the COVID-19 pandemic. This study's results may be valuable both from the prism of its contribution to the literature on consumer behavior and to business practitioners.
{"title":"Consumer intentions to purchase on foreign multi-sided digital platforms: a context of the COVID-19 pandemic","authors":"M. Witek-Hajduk, Anna Grudecka","doi":"10.2478/ijme-2022-0007","DOIUrl":"https://doi.org/10.2478/ijme-2022-0007","url":null,"abstract":"Abstract Objectives To explore the determinants of consumer purchase intentions on foreign multi-sided e-commerce platforms (MSPs) within the context of the COVID-19 pandemic. Methods applied The study relies on a survey of a representative sample of 810 Poles. Partial least squares structural equation modeling (PLS-SEM) was applied to analyze the data. Findings The study confirms the influence of the perceived usefulness and legal protection of online purchases, changes in retailers’ activity during the pandemic, and perceived value of purchases on a MSP on purchase intentions. Originality/value The article provides insight into consumer online behavior, i.e., determinants of the intention to purchase via MSPs, including those not extensively studied yet. It also takes into account the context of the COVID-19 pandemic. This study's results may be valuable both from the prism of its contribution to the literature on consumer behavior and to business practitioners.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"35 1","pages":"143 - 160"},"PeriodicalIF":0.8,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79289780","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 article investigates determinants of usage intention (IU) of online travel agencies’ (OTAs) services by consumers and their propensity for word-of-mouth (WOM). The determinants represent two groups of factors: (1) items reflecting the perceived quality of OTAs’ platforms (PQ) and (2) those corresponding to transaction quality (CST). The survey was conducted with the CAWI method on a representative net sample of 591 Polish OTA users. Statistical analysis involved building a covariance-based structural equation model to map out causal relationships between latent variables and test research hypotheses. The findings indicate that both groups of factors (PQ and CST) have a statistically significant positive effect on both IU and WOM. However, the impact of CST was found to be slightly weaker. Interestingly, there were no moderating effects from the respondents’ age, income, and education. The only demographical characteristic of issue was sex, which revealed different regression patterns between men and women.
{"title":"Consumer choice determinants of online intermediary tourism platforms","authors":"Elżbieta Wąsowicz-Zaborek","doi":"10.2478/ijme-2022-0013","DOIUrl":"https://doi.org/10.2478/ijme-2022-0013","url":null,"abstract":"Abstract The article investigates determinants of usage intention (IU) of online travel agencies’ (OTAs) services by consumers and their propensity for word-of-mouth (WOM). The determinants represent two groups of factors: (1) items reflecting the perceived quality of OTAs’ platforms (PQ) and (2) those corresponding to transaction quality (CST). The survey was conducted with the CAWI method on a representative net sample of 591 Polish OTA users. Statistical analysis involved building a covariance-based structural equation model to map out causal relationships between latent variables and test research hypotheses. The findings indicate that both groups of factors (PQ and CST) have a statistically significant positive effect on both IU and WOM. However, the impact of CST was found to be slightly weaker. Interestingly, there were no moderating effects from the respondents’ age, income, and education. The only demographical characteristic of issue was sex, which revealed different regression patterns between men and women.","PeriodicalId":43388,"journal":{"name":"International Journal of Management and Economics","volume":"41 1","pages":"161 - 178"},"PeriodicalIF":0.8,"publicationDate":"2022-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88024828","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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