item: #1 of 318 id: cjfa-10413 author: Dziawgo, Leszek title: Introduction date: 2016-08-02 words: 174 flesch: 45 summary: There is no doubt that international scientific cooperation increases positive scientific impact on Economy. The Copernican Journal of Finance & Accounting is becoming an important fo- rum for such international cooperation for both theoreticians as well as prac- titioners. keywords: cooperation; international; journal; modern; scientific cache: cjfa-10413.pdf plain text: cjfa-10413.txt item: #2 of 318 id: cjfa-10414 author: Akan, Mustafa title: A dynamic model of a nonlife insurance company date: 2016-08-02 words: 16627 flesch: 69 summary: / 2r r D        and Which are all positive constants since β is assumed to be greater than one. / 2r r D        Which are all positive constants since β is assumed to be greater than one. keywords: capability; claim; company; cost; customers; equation; equilibrium; figure; function; g g; g k; g t; goodwill; impact; important; increase; insurance; k t; level; model; number; optimal; pag; point; portfolio; positive; quality; ratio; solution; space; system; t t; technical; technical capability; term;  ;  ;  ;  ;  ;   cache: cjfa-10414.pdf plain text: cjfa-10414.txt item: #3 of 318 id: cjfa-10415 author: Bolibok, Piotr title: An empirical evaluation of selected accounting-based value drivers in the Polish banking sector date: 2016-08-02 words: 6117 flesch: 51 summary: Contrary to these viewpoints, however, Mehran and Thakor (2011) found that in the context of acquisitions bank value is positively corre- lated with bank capital. In turn, Gosh (2009) demon- strates that bank value is determined not only by the size but also by operating efficiency as he finds significant negative association between banks’ charter values and both natural logarithm of total assets and C/I ratio. keywords: accounting; assets; banking; banks; book; capital; cash; charter; coefficients; correlation; drivers; efficiency; empirical; end; equity; evidence; explanatory; financial; findings; impact; impairment; investors; leverage; liquidity; low; management; market; negative; net; operating; polish; positive; profitability; provisions; ratio; regression; research; results; risk; roe; sector; significant; size; studies; study; tait; tobin; total; total assets; value; variables; year cache: cjfa-10415.pdf plain text: cjfa-10415.txt item: #4 of 318 id: cjfa-10416 author: Braga, João Paulo; Gomes, Luís M. Pereira title: The Impact of the Preliminary Announcement on the Abnormal Returns of the Companies Involved in Takeover Bids in the Portuguese Stock Market between 2000 and 2014 date: 2016-08-02 words: 14987 flesch: 51 summary: João Paulo Braga, Luís M. Pereira Gomes56 Continuing with the Beaver (1968) model, Graph 6 represents the reaction of average abnormal returns in the period close to the preliminary announce- ment for target companies: Graph 6. Average Abnormal Returns (Ball & Brown) – keywords: abnormal earnings; abnormal effect; abnormal returns; acquisition; agency; announcement date; announcement period; asset; author; average abnormal; ball; beaver; bid; bids; brown; business; caar; calculated; capital; close; companies; company; company stock; cumulative; date; disclosure; earnings; effect; elaboration; empirical; equation; estimate; graph; higher; hostile; hypothesis; impact; index; information; involved; journal; lintner; log; logarithmic; market; method; methodologies; model; negative; number; ols; paper; positive; preliminary announcement; premium; pricing; reaction; regression; relation; research; residual; results; risk; sharpe; stock; stock market; stock prices; stock returns; study; takeover; takeover bid; target companies; term; value; week; working; y(1; � period cache: cjfa-10416.pdf plain text: cjfa-10416.txt item: #5 of 318 id: cjfa-10421 author: Erdoğan, Namık Kemal; Altınırmak, Serpil; Karamaşa, Çağlar title: Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST date: 2016-08-03 words: 19786 flesch: 61 summary: http://dx.doi.org/10.12775/CJFA.2016.004 Namık kemal erdoğaN* Anadolu University serpil altinirMak** Anadolu University Çağlar karamaşa*** Anadolu University coMparison of Multi criteria decision Making (McdM) Methods with respect to perforMance of food firMs listed in bist Keywords: performance analysis, fuzzy ranking, TOPSIS, VIKOR, ELECTRE. Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST. keywords: = +; = =; = abab; = −; aaaa; acceptable; alternative; alternative pa; benefit; c(p; calculated; comparisons; concordance; conditions; cost; criteria; criteria decision; criterion; d(p; decision; decision matrix; discordance; elements; evaluation; financial; firms; food; fuzzy; group; ideal; making; matrix; mcdm; mean; method; multi; multi criteria; n,,2,1i; net; normalization; numbers; opricovic; order; performance; position; process; ranking; ratios; satisfied; set; solution; ssss; sub; topsis; tttt; tzeng; values; vikor; weighted; weights; ws ; xmaxf =; xminf =; xxxx; xxxx xxxx; − =; − −; ;  =;  ;   cache: cjfa-10421.pdf plain text: cjfa-10421.txt item: #6 of 318 id: cjfa-10422 author: Hofbauer, Günter; Klimontowicz, Monika; Nocoń, Aleksandra title: Basel III Equity Requirements and a Contemporary Rating Approach date: 2016-08-03 words: 6557 flesch: 56 summary: Equity capital in % of total assets (Capital & Reserves/Total assets*100) in Germany and Poland (EBC, DB Research) Fulfilling Basel III requirements has already influenced banks’ market policy and has changed the way of financing banks’ operations. Equity capital in % of total assets (Capital & Reserves/Total assets*100) in Germany and Poland (EBC, DB Research) Fulfilling Basel III requirements has already influenced banks’ market policy and has changed the way of financing banks’ operations. keywords: adequacy; approach; assessment; assets; banking; banks; basel; basel iii; better; buffer; business; capital; companies; company; contemporary; credit; credit rating; creditworthiness; crisis; debt; equity; equity capital; figure; financial; future; germany; iii; iii equity; important; indicators; level; management; market; poland; position; prospects; rating; ratio; regulations; relationships; requirements; research; risk; share; table; task; tier; total; value; way cache: cjfa-10422.pdf plain text: cjfa-10422.txt item: #7 of 318 id: cjfa-10423 author: Konovalova, Natalia; Dalecka, Snezhana title: Analysis and evaluation of capital adequacy in Latvian banking system date: 2016-08-03 words: 6890 flesch: 52 summary: Analysis of factors influencing capital adequacy in different groups of Latvian commercial banks Before performing analysis of Latvian banking sector’s capital adequacy level, evaluation of capital adequacy of Latvian banks in comparison to oth- er European countries should be made. Therefore estimates should be made in a timely manner to evaluate im- pact of these changes on bank capital requirements taking into consideration long-term strategy. keywords: able; adequacy ratio; analysis; annual; assets; authors; average; banking; banks; basel; breakdown; capital; capital adequacy; changes; commercial; commercial banks; credit; data; east; east capital; equity; equity capital; european; european capital; evaluation; figure; financial; group; iii; impact; increase; investments; latvian; latvian banks; latvian commercial; level; market; monitoring; new; ratio; requirements; risk; sector; shareholders; specific; state; supervisory; tier; total; weight; weighted cache: cjfa-10423.pdf plain text: cjfa-10423.txt item: #8 of 318 id: cjfa-10424 author: Kuligowska, Angelika title: Scope and assessment of the insurance for members of voluntary fire brigades provided by local government date: 2016-08-03 words: 6328 flesch: 51 summary: http://dx.doi.org/10.12775/CJFA.2016.007 angelika kuligowska* Nicolaus Copernicus University scope and assessMent of the insurance for MeMbers of voluntary fire brigades provided by local governMent Keywords: voluntary fire brigade (VFB), accident insurance of voluntary fire brigades, insurance, local government insurance. Among the examined local government, the most advantageous offers for VFB member insurance were proposed by six insurance companies, out of which the most frequently – 7 times, it was Towarzystwo Ubezpieczeń Wza- jemnych „TUW”. keywords: accident insurance; act; article; assessment; authorities; basis; benefit; brigades; broker; case; civil; compensation; conditions; cover; damage; elaboration; examined; fire; fire brigades; fire protection; firefighters; firefighting; firemen; general; health; honorary; illustration; important; insurance; journal; law; legal; liability insurance; life; local government; members; national; number; operations; person; poland; property; protection; rescue; rescue operations; scope; shows; social; social insurance; terms; training; tuw; units; vfb; vfb members; vfb units; voluntary; voluntary fire; work cache: cjfa-10424.pdf plain text: cjfa-10424.txt item: #9 of 318 id: cjfa-10425 author: Lakštutienė, Aušrinė; Barkauskaitė, Aida title: Evaluation of relationship between banks lending activities and the economies in Baltic countries date: 2016-08-03 words: 8456 flesch: 55 summary: In 2009 the economic crisis affected the Bal- tic countries economies, the total amount of non-financial corporations loans began to decline. These results indicate that in order to predict the Latvian households and non-financial corporate lending volumes, it is possible to use the data of GDP. keywords: activities; analysis; authors; baltic; baltic countries; bank; calculated; causality; cause; changes; corporations; correlation; countries; country; credit; crisis; data; economic; economic growth; economies; estonia; figure; financial; financial corporations; gdp; granger; growth; households; impact; latvia; lending; lending activities; lithuania; loans; non; number; order; percent; period; quarter; relationship; research; results; test; variable; volume; years cache: cjfa-10425.pdf plain text: cjfa-10425.txt item: #10 of 318 id: cjfa-10426 author: Maciejczyk-Bujnowicz, Iwona title: Capital Flows in European Union on the Basis of International Investment Position – Selected Aspects date: 2016-08-03 words: 8038 flesch: 57 summary: It means the balance of Poland’s financial debt to foreign countries was annually on average It means the balance of Poland’s financial debt to foreign countries was annually on average -54.7% in the period covered by the study. keywords: analysis; area; area countries; assets; author; average; balance; capital; ceecs; changes; countries; country; crisis; data; debt; developed; economic; eqi; equity; estimates; euro; euro area; european; eurozone; external; fdi; ferretti; figure; financial; financial integration; foreign; gdp; iip; imf; integration; international; investment; liabilities; lows; members; milesi; nbp; nea; net; outside; p.p; period; poland; portfolio; position; share; states; structure; study; total; total liabilities; trade; union; years cache: cjfa-10426.pdf plain text: cjfa-10426.txt item: #11 of 318 id: cjfa-10427 author: Papazov, Emil; Mihaylova, Lyudmila title: Accountancy-Based Sources of Information for Planning Purposes in SMEs date: 2016-08-03 words: 4014 flesch: 38 summary: However, having in mind the research purpose, an attempt has been made to synthesize main information sources and to present some of their charac- teristics. Research premises and the focus of the research process Corporate planning requires basic information sources. keywords: accessibility; accountancy; accounting; accounts; activities; actuality; analytical; assets; bulgaria; business; cash; certain; company; competitors; costs; data; decisions; different; economic; enterprise; examples; expenditure; external; financial; fixed; important; income; indicators; industry; information; journal; liabilities; lyudmila; main; making; management; mihaylova; papazov; planning; process; products; purposes; quality; receivables; reporting; research; revenues; sales; smes; social; sources; strategic; study; suppliers; survey; synthetic; trends; university cache: cjfa-10427.pdf plain text: cjfa-10427.txt item: #12 of 318 id: cjfa-10428 author: Ryszawska, Bożena title: Sustainability transition needs sustainable finance date: 2016-08-03 words: 3336 flesch: 40 summary: The consequences of sustainability transition in finance is a huge challenge for science to address all important issues, to help the audience to understand new process, to design survey, to create new models and tools to explain struc- ture and function of sustainable finance system. The third section discusses the emerging financial initiatives supporting sustainability transition and autor`s view on sustainable financial system. keywords: 02.10.2016; adaptation; assets; business; carbon; change; climate; climate change; climate finance; crisis; development; dominant; economic; economy; energy; environmental; figure; finance; financial; financial system; geels; global; green; innovations; international; investment; landscape; levels; low; markets; needs; new; perspective; policy; process; public; resilient; resource; role; social; sustainability; sustainability transition; sustainable; sustainable finance; system; technological; transformation; transition; unep cache: cjfa-10428.pdf plain text: cjfa-10428.txt item: #13 of 318 id: cjfa-10429 author: ., . title: For Authors date: 2016-08-03 words: 1131 flesch: 30 summary: The procedures governing the review process of articles submitted for publi- cation in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 29 May 2013 on the criteria and evaluation of scientific journals. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-10429.pdf plain text: cjfa-10429.txt item: #14 of 318 id: cjfa-10430 author: ., . title: Editorial pages date: 2016-08-03 words: 924 flesch: 53 summary: Waldemar Tarczyński, Uniwersytet Szczeciński, Szczecin University, Poland Prof. Titular Gerard Olivar Tost, National University of Colombia, Colombia Prof. Siniša Zarić, Ph.D., University of Belgrade, Serbia Prof. dr hab. Jan Turyna, Uniwersytet Warszawski, Warsaw University, Poland Prof. dr hab. keywords: accounting; copernican; copernican journal; dr hab; dziawgo; economics; evaluation; finance; germany; główna; hab; handlowa; issn; journal; poland; poland prof; prof; school; spain; szkoła; toruń; umk; universidad; university; uniwersytet; volume; warsaw; warszawie cache: cjfa-10430.pdf plain text: cjfa-10430.txt item: #15 of 318 id: cjfa-12557 author: Dziawgo, Leszek title: Introduction date: 2017-03-09 words: 185 flesch: 46 summary: introduction Each edition of “Copernican Journal of Finance & Accounting” is our com- mon success and confirms the role and position of the Journal in the establi- shing of a worldwide scientific co-operation network. Up to day, many Authors have presented their inspiring elabora- tions concerning important themes in the area of international and local Finan- ce & Accounting. keywords: finance; journal; operation; scientific; scientists cache: cjfa-12557.pdf plain text: cjfa-12557.txt item: #16 of 318 id: cjfa-12559 author: Akan, Mustafa title: SUSTAINABILITY, CONSUMPTION, AND TECHNOLOGY date: 2017-03-09 words: 5628 flesch: 73 summary: γθ θ θ − − − − − − − − − − − = − − − = − + . − − − − − − = − − − = + − + where D(t), A(t), and B(t) are known functions of time where: D= / keywords: base; capital; change; consumption; crisis; current; diagram; doi; economic; economies; energy; equations; equilibrium; function; future; growth; journal; labor; level; long; meadows; model; mustafa; nations; natural; oecd; optimal; phase; point; population; production; rate; resources; saddle; society; starting; study; sustainability; sustainable; system; t t; technological; technology; term; time; total; type; unemployment; usa; world; − −; − −= cache: cjfa-12559.pdf plain text: cjfa-12559.txt item: #17 of 318 id: cjfa-12560 author: Baser, Furkan; Gokten, Soner; Kucukkocaoglu, Guray; Ture, Hasan title: LIQUIDITY-PROFITABILITY TRADEOFF EXISTENCE IN TURKEY: AN EMPIRICAL INVESTIGATION UNDER STRUCTURAL EQUATION MODELING date: 2017-03-09 words: 13667 flesch: 53 summary: Structural equation modelling is applied to provide a more comprehensive analysis and the functions of liquidity and profitability are constituted by us- ing Piotroski’s criterions of liquidity/solvency, operating efficiency and profit- ability to generate structural equation model of the study. In K. A. Bol- len & J.S. Long (Eds.), Testing structural equation models (pp. 132–162). keywords: accounting; agfi; analysis; assets; authors; bist; capital; cash; cfo; coefficient; correlation; covariance; current; data; determinants; doi; endogenous; equation; factor; financial; firms; fit; fit index; fit indices; functions; gfi; goodness; hypothesized; hypothesized model; increase; indicator; journal; latent; latent variables; lev; level; leverage; liquidity; liquidity profitability; management; margin; market; matrix; means; measurement; model; national; perfect fit; positive; profitability; profitability tradeoff; relationship; roa; sales; sample; sem; sig; statistical; structural; structural model; study; table; terms; total; tradeoff; turkey; turkish; turn; validity; value; variables; working cache: cjfa-12560.pdf plain text: cjfa-12560.txt item: #18 of 318 id: cjfa-12561 author: Boda, Michał title: THE IMPACT OF THE 2007–2009 FINANCIAL CRISIS ON RISK MANAGEMENT IN CREDIT INSTITUTIONS date: 2017-03-09 words: 8417 flesch: 59 summary: In accordance with the literature, and administrative division of risks in banks business, it can be distinguish two pillars of the risk: ■ the first pillar – basic risks: credit risk, liquidity risk, operational risk, market risk, ■ the second pillar – risk types which are particularly relevant to banks due to their business profile and these that may arise as a result of chang- es in economic environment, e.g. risk of reputational, business, concen- tration, legal, strategic, etc. In accordance with the literature, and administrative division of risks in banks business, it can be distinguish two pillars of the risk:  the first pillar - basic risks: credit risk, liquidity risk, operational risk, market risk,  the second pillar - risk types which are particularly relevant to banks due to their business profile and these that may arise as a result of changes in economic environment, e.g. risk of reputational, business, concentration, legal, strategic, etc. Listed above risks do not exhaust entire gamut types of risks with which we can meet in the banking business, but these ones belong to the group of the most commonly encoun- tered in credit institutions business. keywords: assets; banking; banks; basel; basic; business; capital; case; coverage; credit; crisis; current; different; drozdowska; earnings; economic; economy; effectiveness; entire; financial; form; formula; funds; group; iii; impact; increase; indicators; institutions; interest; internal; iwanicz; kałużny; liquidity; literature; management; models; net; new; order; process; profit; profitability; raroc; rate; ratio; regulations; regulatory; requirement; research; result; return; risk; risk management; rorac; types; volatility cache: cjfa-12561.pdf plain text: cjfa-12561.txt item: #19 of 318 id: cjfa-12562 author: Ciukaj, Radosław title: MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 date: 2017-03-09 words: 5651 flesch: 50 summary: Therefore, the aim of this paper is to analyze and to assess the anti-crisis tools, used by central banks during the last financial crisis to ensure the stability of the financial system, especially analyzing the unconventional measures used by the European Central Bank in the years 2008–2012. The first part of the article presents the tasks of the cen- tral bank in the financial safety net and traditional tools used by central banks to ensure financial stability, while the second part portrays the unconventional monetary policy instruments, which were used by ECB. keywords: actions; additional; analysis; approach; area; assets; bank; banking; basis; bonds; buying; central; central bank; commercial; countries; crisis; date; debt; easing; ecb; economy; end; european; european central; expectations; financial; financial stability; financial system; forward; funds; government; inf; information; instruments; interest; level; limit; liquidity; long; main; market; maturity; monetary; monetary policy; operations; payment; period; policy; program; purchase; purpose; quantitative; radosław; rates; refinancing; risk; sector; securities; stability; system; table; term; time; tools; traditional; unconventional; years; żywiecka cache: cjfa-12562.pdf plain text: cjfa-12562.txt item: #20 of 318 id: cjfa-12563 author: Goodfellow, Christiane; Salm, Christian title: RISKY RISK MEASURES: A NOTE ON UNDERESTIMATING FINANCIAL RISK UNDER THE NORMAL ASSUMPTION date: 2017-03-09 words: 16423 flesch: 52 summary: For the Normal distribution, the corresponding copula is the Gaussian copula: �(�,���) � ������(�),���(�)� � � ���(�) �� � 1��(1 � ��) ���(�) �� ������(� � � ���� � ��) �(1 � ��) ����� with � being the cumulative distribution function of the univariate standard Normal distri- bution and �� the cumulative distribution function of the joint, bivariate standard Normal distribution with parameter � (�1 � � � 1). For the Normal distribution, the corresponding copula is the Gaussian copula: �(�,���) � ������(�),���(�)� � � ���(�) �� � 1��(1 � ��) ���(�) �� ������(� � � ���� � ��) �(1 � ��) ����� with � being the cumulative distribution function of the univariate standard Normal distri- bution and �� the cumulative distribution function of the joint, bivariate standard Normal distribution with parameter � (�1 � � � 1). keywords: assumption; basf; bmw; copula; correlation; cumulative distribution; daimler; data; dependencies; different; distribution; distribution function; distribution var; empirical; estimate; euros; expected; figures; financial; fit; functions; gaussian; historical; joint; linear; marginal; markowitz; measures; non; normal distribution; parameter �; period; portfolio; portfolio return; portfolio risk; portfolio value; results; return; return distribution; return series; risk; risk measures; sap; securities; series; standard; step; stock; stressed; student; t copula; table; tail; underestimate; univariate; value; var; variance cache: cjfa-12563.pdf plain text: cjfa-12563.txt item: #21 of 318 id: cjfa-12564 author: Komorowski, Jan title: BUSINESS MODEL AND ITS DILEMMAS OF CHOICE date: 2017-03-09 words: 5701 flesch: 44 summary: Business model and its dilemmas of choice. http://dx.doi.org/10.12775/CJFA.2016.018 Jan KomorowsKi Warsaw School of Economics Business model and its dilemmas of choice Keywords: business model, strategy of enterprise, “upside – down” business orienta- tion, “bottom- up” business orientation, monetarism, monetaristic thinking. keywords: activity; balance; basis; budget; budgeting; business; business model; capital; capital market; changes; choice; companies; company; conditions; corporate; corporations; decision; development; dilemmas; economic; economy; enterprises; environment; exchange; expectations; external; factors; financial; growth; high; increase; internal; investment; investors; jan; key; komorowski; level; long; low; making; management; market; model; monetarist; objectives; operating; operational; opportunities; orientation; performance; phenomenon; position; price; process; product; production; profitability; reality; ref; results; return; signals; source; stock; stock market; strategy; structure; success; supply; tasks; term; thinking; trading; upside; valuation; value; way cache: cjfa-12564.pdf plain text: cjfa-12564.txt item: #22 of 318 id: cjfa-12565 author: Krasovskis, Deniss; Limanskis, Andrejs; Pancenko, Erika title: MEASURING COMPETITIVENESS OF BANKS IN LATVIA date: 2017-03-09 words: 6697 flesch: 57 summary: Analyzing the Gini index for the period of 2003–2015 one can judge upon the uniformity of banks market shares distribution in Latvia (see. In World Bank publications (World Bank, 2016), as concerns measuring bank competition, the so-called structure-conduct-performance paradigm as- sumes that there is a stable, causal relationship between the structure of the banking industry, firm conduct, and performance. keywords: ablv; adequacy; analysis; andrejs; assets; authors; banking; banking sector; banks; basis; capital; citadele; comparative; competition; competitiveness; concentrated; concentration; customers; data; deniss; deposits; distribution; dnb; equity; erika; figure; financial; gini; herfindahl; hhi; hirschman; index; indicators; indices; industry; krasovskis; largest; latvia; latvian banks; level; limanskis; liquidity; low; market; market shares; number; organization; performance; period; players; profit; research; return; rietumu; risk; roa; roe; seb; sector; shares; size; swedbank; terms; total; value; year; авдашева; розанова cache: cjfa-12565.pdf plain text: cjfa-12565.txt item: #23 of 318 id: cjfa-12566 author: Murawski, Tomasz title: CORPORATE SOCIAL RESPONSIBILITY IN JAPANESE BANKING SECTOR date: 2017-03-09 words: 5535 flesch: 58 summary: MUFG is the initiator of Global Volunteer Month, and is engaged in CSR activities in every part of the world. Next it will present the comparison of the Japanese and world main growth in- dicators and the numbers of CSR reports. keywords: activities; activity; analysis; approach; area; asia; banking; banks; business; companies; company; concept; corporate; corporate social; crisis; csr; customers; data; energy; environment; figure; finance; financial; global; green; gri; group; impact; japan; japanese; management; market; mind; ministry; mitsubishi; mitsui; mufg; new; organizations; products; reporting; reports; responsibility; responsible; sector; services; smfg; social; social responsibility; society; sumitomo; support; sustainability; sustainable; system; term; time; trust; ufj; work; world; years cache: cjfa-12566.pdf plain text: cjfa-12566.txt item: #24 of 318 id: cjfa-12567 author: Nowak, Kamil title: IMPLEMENTATION OF ALTERNATIVE INDEX WEIGHTING TO WARSAW STOCK EXCHANGE date: 2017-03-09 words: 7124 flesch: 60 summary: Fama, French and also Carhart examined certain factor’s impact on portfolio return. Global Minimum Vari- ance is designed to reduce portfolio risk and focuses on defining weights that will bring lowest possible portfolio volatility. keywords: alternative; amenc; annual; annual return; approach; assets; aum; author; beta; business; cap; capitalization; companies; different; diversification; diversified; effective; efficient; elaboration; equal; etfs; exchange; figure; funds; gmv; growth; highest; implementation; increase; index; indices; investing; investment; investors; lower; management; market; minimum; msr; mutual; new; portfolio; question; rate; ratio; rebalancing; return; risk; schemes; sharpie; smart; source; stocks; strategies; table; theory; variance; volatility; weighted; weighting; weights; wig20; years cache: cjfa-12567.pdf plain text: cjfa-12567.txt item: #25 of 318 id: cjfa-12568 author: Peršić, Milena; Halmi, Lahorka title: DISCLOSING NON-FINANCIAL INFORMATION IN COMPANIES’ REPORTS IN CROATIA date: 2017-03-09 words: 7242 flesch: 43 summary: http://dx.doi.org/10.12775/ CJFA.2016.022 Milena Peršić* University of Rijeka Lahorka haLmi** Karlovac University of Applied Sciences discLosing non-financiaL information in companies’ reports in croatia Keywords: companies’ reports, disclosure of non-financial information, Directive 2014/95/EU, GRI, KPIs, sustainability indicators. Scaling environmental indicators (authors’ processing) Research results When analyzing content-oriented attributes in the environment category, lag (109 out of total 131) and outcome (104 out of total 140) indicators seem to be prevalent, meaning that a significant number of the information disclosed in the analyzed sustainability reports is past- and outcome-oriented. keywords: 2014/95; absolute; accounting; assessment; attributes; authors; business; category; companies; company; compliance; content; croatian; data; directive; diversity; empirical; employees; entry; environmental; environmental indicators; figure; financial; financial information; frameworks; gri; group; guidelines; health; herriott; impacts; indicators; information; items; lag; lahorka; measures; milena; need; non; number; outcome; percentage; peršić; present; process; processing; products; qualitative; quality; relative; reporting; reports; research; results; safety; scale; sciences; score; services; social; social indicators; sum; sustainability; sustainability reports; table; total cache: cjfa-12568.pdf plain text: cjfa-12568.txt item: #26 of 318 id: cjfa-12569 author: Piotrowska, Anna Iwona title: FIELDS OF POTENTIAL USE OF CRYPTOCURRENCIES IN THE PAYMENT SERVICES MARKET IN POLAND – RESULTS OF AN EMPIRICAL STUDY date: 2017-03-09 words: 7027 flesch: 50 summary: The study, which generated the original source material, was addressed to high-level managers employed in commercial banks, cooperative banks operat- ing in Poland and their associations, banking sector institutions (the National Bank of Poland, the Polish Bank Association), the national clearing house (KIR), card associations, domestic payment institutions and IT companies function- ing in the area of payment services, as well as acquirers. Positions held by the respondents The study, which generated the original source material, was addressed to high-level managers employed in commercial banks, cooperative banks operating in Poland and their associations, banking sector institutions (the National Bank of Poland, the Polish Bank Association), the national clearing house (KIR), card associations, domestic payment insti- tutions and IT companies functioning in the area of payment services, as well as acquirers. keywords: 2015; analysed; anna; answers; area; author; bank; banking; bitcoin; cards; commerce; cryptocurrencies; cryptocurrencies market; development; digital; doi; electronic; experts; fields; figure; financial; functioning; high; increase; individual; innovation; institutions; instruments; iwona; market; methods; mobile; number; operating; opinion; paper; payment; payment services; payments market; person; poland; polasik; polish; popularity; potential; prepaid; report; representatives; research; respondents; results; role; sector; segments; services; services market; share; solutions; study; survey; system; time; transactions; transfers; use; virtual; widespread; year cache: cjfa-12569.pdf plain text: cjfa-12569.txt item: #27 of 318 id: cjfa-12570 author: Zimnicki, Tomasz title: RESPONSIBILITY ACCOUNTING INSPIRATION FOR SEGMENT REPORTING date: 2017-03-09 words: 6500 flesch: 49 summary: http://dx.doi.org/10.12775/CJFA.2016.024 Tomasz zimnicki* Nicolaus Copernicus University in Toruń ResponsibiliTy accounTing inspiRaTion foR segmenT RepoRTing Keywords: decentralization, responsibility accounting, responsibility centres, multi- -block income statement, segment reporting. The heart of it were separate areas of the company called responsibility centres. keywords: accounting; areas; assessment; assets; block; centres; companies; company; concept; costs; decentralization; decisions; different; economic; effectiveness; evaluation; external; figure; financial; gross; income; indicators; information; internal; international; investment; level; makowska; management; manager; margin; multi; new; nowak; profit; reporting; responsibility; responsibility accounting; responsibility centres; results; revenues; securities; segment; segment reporting; separate; situation; sojak; standard; statement; system; types; value; way cache: cjfa-12570.pdf plain text: cjfa-12570.txt item: #28 of 318 id: cjfa-12571 author: b, m title: For Authors date: 2017-03-09 words: 1128 flesch: 30 summary: The procedures governing the review process of articles submitted for publi- cation in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 29 May 2013 on the criteria and evaluation of scientific journals. Articles submitted for publication should be original and not published any- where before and should not be the subject of any qualification procedure for publication in any other journal of any other publisher. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-12571.pdf plain text: cjfa-12571.txt item: #29 of 318 id: cjfa-12572 author: Dzięcioł, Paweł title: A RISK MANAGEMENT SYSTEM IN INSURANCE UNDERTAKING date: 2017-03-10 words: 3404 flesch: 49 summary: For example, the legislator imple- A risk mAnAgement system in insurAnce undertAking 83 ments the duty of risk management system for insurance undertaking, with an idea of risk management system effectiveness as well as expects economic per- formance (Ustawa o działalności ubezpieczeniowej, 2015, art. Nevertheless, a com- parison ERM with risk management system in insurance undertakings seems exceptionally interesting. keywords: act; activity; article; assessment; business; capital; commission; directive; duty; działalności; effectiveness; erm; european; function; insurance; insurance undertakings; insurers; internal; legislator; management; management system; model; new; process; regulation; requirement; research; risk; risk management; rules; solvency; state; strategy; supervisory; system; ubezpieczeniowej; undertakings; ustawa cache: cjfa-12572.pdf plain text: cjfa-12572.txt item: #30 of 318 id: cjfa-12596 author: ., . title: Editorial pages date: 2017-03-13 words: 497 flesch: 61 summary: Jan Turyna, Uniwersytet Warszawski, Warsaw University, Poland Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic Prof. Dr. Lyudmila Mihaylova, University of Ruse, Bulgaria C o v e r D e dr Damian Walczak SCIENTIFIC COUNCIL Prof. Dr. M. Peter van der Hoek, Erasmus University, Rotterdam, Netherlands, Academy of Economic Studies, Bucharest, Romania Prof. Dr. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Dr. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Dr. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Dr. Christiane Goodfellow, Jade University Wilhelmshaven, Germany S t a t keywords: business; dziawgo; editor; germany; hab; ingolstadt; issn; journal; leszek; portugal; prof; university cache: cjfa-12596.pdf plain text: cjfa-12596.txt item: #31 of 318 id: cjfa-13869 author: Dziawgo, Leszek title: Introduction date: 2017-06-29 words: 140 flesch: 61 summary: We are still open for scientists from all countries and universities who meet the quality requirements of our Journal. Also, the growing international scope of scientific co-operation by means of our Journal is respectable. keywords: change; journal; scientific cache: cjfa-13869.pdf plain text: cjfa-13869.txt item: #32 of 318 id: cjfa-13873 author: ., . title: FOR AUTHORS date: 2017-06-29 words: 1024 flesch: 24 summary: Authors of articles published in the Copernican Journal of Finance & Account- ing do not receive any financial payment. The procedure of the review process considers the following rules: at least two independent Reviewers representing a scientific unit other than the one affiliated with the Author are appointed to evaluate the submitted article, all information identifying the Author (Authors) and Reviewers is remo- ved and the principles of a double-blind review process are followed; in other cases the Reviewer signs a declaration on the non-occurrence of a conflict of interest; a conflict of interest is defined here as any direct personal relationship holding between the Reviewer and the Author (in particular, such relationships as kinship of the second degree, or marria- ge), relationships resulting from professional dependence or from any scientific cooperation conducted within two years preceding the year in which the review was made, a written review explicitly states the conditions on which an article sho- uld be accepted for publication or informs of rejection, the qualification criteria and a review form are available at the journal’s website, names of Reviewers who evaluated specific publications or issues are not disclosed. keywords: accounting; article; authors; authorship; board; copernican; editorial; finance; journal; process; publication; review; reviewers; scientific cache: cjfa-13873.pdf plain text: cjfa-13873.txt item: #33 of 318 id: cjfa-13874 author: ., . title: EDITORIAL PAGES date: 2017-06-29 words: 588 flesch: 61 summary: Józef Stawicki LIST OF REVIEWERS Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Luis Otero González, Universidade de Santiago de Compostela, Spain Prof. M. Peter van der Hoek, Erasmus University, Rotterdam, Netherlands, Academy of Economic Studies, Bucharest, Romania Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; business; copernican; dziawgo; finance; germany; hab; issn; journal; poland; portugal; prof; school; spain; universidad; university cache: cjfa-13874.pdf plain text: cjfa-13874.txt item: #34 of 318 id: cjfa-13878 author: Lekashvili, Eka; Dodashvili, Veko title: LEGAL REGULATION OF TOURISM BUSINESS IN GEORGIA date: 2017-06-29 words: 2952 flesch: 35 summary: If an enterprise specializes in tourism and operates in Georgia, it pays the profit tax; the enterprise shall incur an obligation of a tax agent towards em- ployees and shall withhold paid salaries at source and pay the income tax to the budget; bringing of tourists to tourist sites in the territory of Georgia in an organised manner and delivery of tourist service packages to them in the ter- ritory of Georgia by tour operators shall be exempt from VAT with the right of LEGAL REGULATION OF TOURISM BUSINESS IN GEORGIA of Georgia); the company shall pay the property tax (local tax) if it has fixed as- sets. Abstract: Research objective: Georgia, as a country favorable for tourism, can offer the various types of tourism products and therefore, is presented as an attractive country for travelers. keywords: agency; agreement; business; code; contract; country; development; dodashvili; economic; economy; enterprise; environment; field; framework; free; georgia; government; hotel; important; industry; international; investors; issues; law; legal; legal regulation; lekashvili; order; person; property; regulation; service; state; tax; tbilisi; terms; tourism; tourism business; travel; veko cache: cjfa-13878.pdf plain text: cjfa-13878.txt item: #35 of 318 id: cjfa-13879 author: Pys, Jan title: ROBUSTNESS OF THE BANK RESOLUTION FRAMEWORK IN THE EUROPEAN UNION date: 2017-06-29 words: 3800 flesch: 39 summary: This should enable a coordinated and efficient resolution of cross- border institutions in the EU. Resolution tools and powers given to the reso- lution authorities allow for proper funding of resolution and should in theo- ry result in no or minimum use of taxpayers funds. Keywords: bank, financial crises, resolution, liquidation, financial aspects of economic integration. keywords: authorities; authority; bail; bank; bank resolution; banking; border; brrd; business; cooperation; crisis; cross; effective; european; financial; framework; functions; funds; governments; group; institutions; key; losses; member; national; number; objectives; place; plans; powers; process; public; resolution; resolution authority; resolution framework; robustness; single; srb; srm; stability; states; strategy; tool; union; use cache: cjfa-13879.pdf plain text: cjfa-13879.txt item: #36 of 318 id: cjfa-13880 author: Spiridonovs, Jurijs; Bogdanova, Olga title: EU ENERGY UNION: ADJUSTMENT TO THE NEW DEVELOPMENT CYCLE date: 2017-06-29 words: 3286 flesch: 43 summary: Due to this, to ensure progress in development of Energy union making energy green, affordable, market-based, efficient and secure research and development is particularly highlighted in the newly de- veloped policy. As energy interconnection projects are often not commercially justified, the EU financial support plays an important role in their realization (European Commission, 2016; Official Jour- The legal acts should be adjusted to practically ensure the sixth freedom of the EU: free flow of energy in the single EU market. keywords: actions; adjustment; authors; bogdanova; case; commission; concept; consumption; correlation; countries; country; cycle; demand; development; dimensions; economic; economy; efficiency; energy; energy policy; energy union; eu energy; european; european commission; gas; implementation; important; instruments; internal; legal; market; moderation; new; olga; policy; political; potential; sector; security; solidarity; sources; spiridonovs; strategy; supply; table; union cache: cjfa-13880.pdf plain text: cjfa-13880.txt item: #37 of 318 id: cjfa-15261 author: Krupa, Dorota title: Introduction date: 2017-12-08 words: 218 flesch: 48 summary: The mission of the journal remains to serve for the development of the science of finance as a forum of presentations and analyses of scientific papers in the scope of finance and accounting in the international dimension. Through interactions between re- searchers across different geographical regions, as a scientific journal, we want to play an important role in academic deliberations and create a place for the exchange of scientific views. keywords: accounting; finance; journal; scientific cache: cjfa-15261.pdf plain text: cjfa-15261.txt item: #38 of 318 id: cjfa-15266 author: Eden, David; Huffman, Paul; Holman, John title: HEAVY-TAILED DISTRIBUTIONS AND THE CANADIAN STOCK MARKET RETURNS date: 2017-12-08 words: 3488 flesch: 62 summary: The density function is skewed to the right when t distribution specializes to the standard Student’s t distri- bution by setting the parameter (iii) Normal inverse Gaussian distribution (NIG): 2 2 1 2 2 2 2 ( ( ) ) http://dx.doi.org/10.12775/ CJFA.2017.007 DAVID EDEN* Bank of Canada PAUL HUFFMAN** University of Manitoba JOHN HOLMAN*** Illinois State University HEAVY-TAILED DISTRIBUTIONS AND THE CANADIAN STOCK MARKET RETURNS Keywords: Value at Risk, GSPTSE, Skewed t distribution. keywords: 2017a; analysis; authors; canada; canadian; david; distribution; eden; empirical; estimation; figure; finance; financial; fit; garch; generalized; gsptse; guo; heavy; huffman; hyperbolic; index; john; journal; management; market; model; nig; normal; parameters; paul; probability; results; returns; risk; scenarios; skewed; stock; student; t t; table; tailed; tails; test; value; volatility cache: cjfa-15266.pdf plain text: cjfa-15266.txt item: #39 of 318 id: cjfa-15269 author: Kraiński, Karol title: INVESTMENT PLATFORMS EVOLUTIONS – ETF FUNDS date: 2017-12-08 words: 3164 flesch: 62 summary: 24 Investment platform is an innovative solution bringing together many types of investment funds or insurance capital funds in one place. The construction invest- ment platforms can be compared to open-architecture product, because the platform offering investment funds not only its own brand but also other in- vestment companies (Dziawgo, 2005). keywords: alfa; alfa etf; beginning; capital; changes; data; etf; etf investment; etf platform; etfs; evolutions; fees; financial; funds; insurance; investment; investment funds; investment platforms; longer; management; market; participant; period; platform; pln; pln alfa; products; rate; retirement; return; short; solution; term; time; type; units; value; year cache: cjfa-15269.pdf plain text: cjfa-15269.txt item: #40 of 318 id: cjfa-15277 author: Kułyk, Piotr; Augustowski, Łukasz title: CONVERGENCE OF HEALTH EXPENDITURE IN EU 12 AND V4 STATES date: 2017-12-08 words: 2873 flesch: 60 summary: In the case under con- sideration, countries with lower levels of health expenditures increase them faster than those with relatively high levels of health expenditure. Health care expenditure is one of the most important types of state expend- iture. keywords: absolute; analysed; analysis; authors; beta; care; care expenditure; convergence; countries; economics; eu12; european; eurostat; expenditure; feature; government; group; health; health care; health expenditure; healthcare; journal; level; period; phenomenon; purpose; regression; research; sigma; spending; states; studies; study; table; time; union cache: cjfa-15277.pdf plain text: cjfa-15277.txt item: #41 of 318 id: cjfa-15278 author: Nagy, Viktor title: THE ROLE OF THE AMOUNT OF MONEY IN RISK-TAKING date: 2017-12-08 words: 3859 flesch: 68 summary: In 7.87% the preference was reversed: three persons changed their minds from the option of unknown probability to the certain one, while four persons moved in the opposite direction. Expected value is often used in probability theory to determine the optimal choice. keywords: action; alternative; blue; box; case; certain; decision; difference; effect; eur; expected; following; frequencies; game; huf; money; nagy; optimistic; options; outcomes; pessimistic; probabilities; probability; question; red; research; respondents; risk; role; second; study; table; taking; times; unknown; value; viktor; winnings; yellow cache: cjfa-15278.pdf plain text: cjfa-15278.txt item: #42 of 318 id: cjfa-15279 author: Sadłakowski, Dominik title: THE ROLE OF INSTANT PAYMENT SYSTEMS IN THE POLISH ECONOMY date: 2017-12-08 words: 3355 flesch: 51 summary: http://dx.doi.org/10.12775/CJFA.2017.011 * Nicolaus Copernicus University in Torun THE ROLE OF INSTANT PAYMENT SYSTEMS IN THE POLISH ECONOMY Keywords: payment system, instant payments, instant payment systems, real-time gross settlement. From the perspective of prop- erly understanding the specificity of payment system, it is crucial to determine payment instruments, used for money transfer, current standards and regulations of the functionality of payment in- struments, institutions managing accounts, i.e. central and commercial banks that mediate payments, subjects effecting setoff and settlement of payment orders, law regulations connected to transfer mechanisms and functioning of payment services’ market. keywords: accounts; analysis; author; bank; banking; blue; case; cash; central; clearing; creation; customers; development; economy; elements; elixir; express; functioning; instant; instant payment; kind; large; market; nbp; orders; payment; payment systems; pln; poland; polish; retail; role; rtgs; settlement; solutions; sorbnet2; system; time; transactions; value cache: cjfa-15279.pdf plain text: cjfa-15279.txt item: #43 of 318 id: cjfa-15280 author: Škoda, Miroslav; Lengyelfalusy, Tomáš; Gabrhelová, Gabriela title: CREATIVE ACCOUNTING PRACTICIES IN SLOVAKIA AFTER PASSING FINANCIAL CRISIS date: 2017-12-08 words: 5754 flesch: 46 summary: http:// dx.doi.org/10.12775/CJFA.2017.012 MIROSLAV ŠKODA* DTI University, Slovakia Keywords: accounting ethics, creative accounting, earnings management, GAAP, IFRS, financial reporting. Abstract: Fraud in economics and accounting is the practice which is adopted within the framework of accounting system or in other words taking undue advantage of lo- opholes of accounting system is creative accounting. keywords: accountants; accounting; accounts; analysts; auditor; behaviour; books; business; changes; common; companies; company; countries; creative; creative accounting; earnings; evasion; expectations; financial; firms; forecasts; fraud; gabriela; healy; ifrs; income; information; investors; journal; lengyelfalusy; level; literature; management; managers; manipulation; market; merchant; method; miroslav; numbers; policy; practices; process; profit; public; regulation; related; report; reported; research; responsibility; results; rules; scope; sector; share; slovakia; smoothing; standards; statements; study; system; tax; term; tomáš; transactions; use; value; view; way; years; škoda cache: cjfa-15280.pdf plain text: cjfa-15280.txt item: #44 of 318 id: cjfa-15281 author: ., . title: FOR AUTHORS date: 2017-12-08 words: 1058 flesch: 26 summary: CJFA_2_2017_DRUK.pdf FOR AUTHORS The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. Articles submitted for publication should be original and not published any- where before and should not be the subject of any qualification procedure for publication in any other journal of any other publisher. keywords: accounting; article; author; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-15281.pdf plain text: cjfa-15281.txt item: #45 of 318 id: cjfa-15282 author: ., . title: EDITORIAL PAGES date: 2017-12-08 words: 571 flesch: 64 summary: Józef Stawicki LIST OF REVIEWERS Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Turkey Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; copernican; editor; finance; germany; hab; ingolstadt; issn; journal; poland; prof; school; spain; universidad; university cache: cjfa-15282.pdf plain text: cjfa-15282.txt item: #46 of 318 id: cjfa-16351 author: Krupa, Dorota title: Introduction date: 2018-03-24 words: 189 flesch: 40 summary: Articles contained in the journal are the result of scientific collaborations between scientists across countries and universities. IntroductIon Dear Readers and Authors, we are happy to present to you the next issue of the scientific quarterly Coper- nican Journal of Finance & Accounting. keywords: accounting; finance; issue; journal; scientific cache: cjfa-16351.pdf plain text: cjfa-16351.txt item: #47 of 318 id: cjfa-16352 author: Bojarenko, Julija title: VARIABILITY OF ACCOUNTING POLICIES – ADVANTAGES AND DISADVANTAGES date: 2018-03-24 words: 3893 flesch: 41 summary: For example, the choice of an indicator of fixed asset accounting policy vari- ability represented in this article could be based on the following indicators: Julija Bojarenko18 ■ the criterion for fixed asset value can be chosen according either to the average annual net book value (e.g. from 0.5 to 1%) or to gross assets (from 0.1 to 0.5%); ■ the method for depreciation may be based on the expected incoming of economic benefit because of the use of a fixed asset throughout the en- tire recovery period. The recommendations on the solution of the issues related to variability of fixed asset accounting policy are based on the deter- mination of materiality criteria. keywords: accounting; accounting policy; annual; assets; book; choice; companies; company; costs; criteria; criterion; depreciation; documents; economic; evaluation; financial; financial statements; fixed; fixed assets; guidelines; indirect; information; latvia; law; legislation; materiality; methods; policies; policy; production; recognition; republic; statements; value; variability cache: cjfa-16352.pdf plain text: cjfa-16352.txt item: #48 of 318 id: cjfa-16353 author: Golec, Maria Magdalena title: LOCALITY AND THE TRANSFER OF FUNDS IN THE COOPERATIVE BANKING SECTOR IN POLAND date: 2018-03-24 words: 4521 flesch: 56 summary: The data were provided by the Audit As- sociation of Cooperative Banks in Poznań, one of the three audit associations of cooperative banks in Poland. In the cooperatIve bankIng sector In poland Keywords: locality, net lenders, cooperative banks. keywords: activities; activity; area; assets; banking; banks; capital; cooperative; cooperative banks; credit; data; deficit; deposits; economic; financial; financing; funds; gap; group; institutions; lending; like; loans; locality; lower; ltd; ltd_2; magdalena; market; means; model; money; needs; nonfinancial; pln; poland; polish; principle; ratio; research; result; scope; sector; significance; specific; structure; surplus; szambelańczyk; table; terms; thous; total; transfers; value; variables; variation; wydawnictwo cache: cjfa-16353.pdf plain text: cjfa-16353.txt item: #49 of 318 id: cjfa-16354 author: Kobylińska, Anna; Balcerowski, Maciej title: PENSION VALORIZATION METHOD – SELECTED ISSUES date: 2018-03-24 words: 5102 flesch: 52 summary: The threats mentioned above allow to take a stand on the essential mean- ing of legal regulations related to pension benefit valorization . Abstract: The aim of this article is to present basic terms and issues connected with pension valorization. keywords: act; article; benefits; case; constitutional; court; decrease; doctrine; economic; following; gdp; gdp growth; growth; increase; index; inflation; insurance; issues; item; journal; legislator; level; method; model; pension; pension benefit; pension valorization; pension value; percentage; pln; price; price valorization; rate; ratio; retirement; right; security; social; system; valorization; value; wage; warsaw cache: cjfa-16354.pdf plain text: cjfa-16354.txt item: #50 of 318 id: cjfa-16355 author: Małecka, Joanna; Łuczka, Teresa; Šebestová, Jarmila; Šperka, Roman title: ECONOMIC ACTIVITY AND SOCIAL DETERMINANTS VERSUS ETREPRENEURSHIP IN SMES – SELECTED ASPECTS date: 2018-03-24 words: 5659 flesch: 47 summary: The issue of economic activity is extensively discussed in the related lit- erature in various aspects of company development, in particular that of SME growth (O’Farrell & Hitchens, 1988, pp. This form of finan- cial settlements has a straight-through bearing on company financial liquid- ity and can be a significant barrier to company development in the initial pe- riod of activity, when additional external sources of financing are unavailable. keywords: activities; activity; analysis; aspects; authors; business; capital; communicative; companies; company; contract; cooperation; country; current; demand; determinants; development; economic; economic activity; economies; elaboration; employment; english; enterprises; entrepreneurship; experience; factors; financial; financing; foreign; german; growth; innovation; international; issue; jarmila; joanna; journal; knowledge; lack; language; learning; management; market; małecka; medium; new; nokia; opportunities; oral; poland; process; prosperity; research; respondents; roman; set; sized; small; smes; social; society; source; structure; table; target; technology; teresa; university; venture; world; łuczka; šebestová cache: cjfa-16355.pdf plain text: cjfa-16355.txt item: #51 of 318 id: cjfa-16356 author: Meisner, Marta title: FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR date: 2018-03-24 words: 3881 flesch: 47 summary: Financial impact of digital data breach for healthcare providers Due to insufficient amount of quality data and a huge number of factors that has to be taken into account, estimating data breach costs is an ongoing struggle. Alternative- ly, Sasha Romanosky from RAND Corporation suggests basing on correlation between data breach costs and annual revenue of attacked organization and proves that recent data breaches have cost companies 0.4% of their annual rev- enue (Romanosky, 2016, p. 122). keywords: analysis; article; attack; average; breach; breaches; case; churn; consequences; costs; cyber; cybersecurity; data; data breach; deloitte; digital; directive; entities; entity; european; financial; gdpr; healthcare; hospital; improvements; incidents; industry; information; institute; insurance; legal; medical; patients; personal; pln; poland; polish; ponemon; potential; protection; providers; researches; risk; romanosky; sector; services; system; union; usd; victims cache: cjfa-16356.pdf plain text: cjfa-16356.txt item: #52 of 318 id: cjfa-16357 author: Nowak, Kamil title: LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS date: 2018-03-24 words: 7726 flesch: 64 summary: ■ Tax efficiency – Unlike mutual funds ETFs do not expose their sharehol- ders to capital gains distributions. If impact of the fees on future retirement is so substantial, it’s definitely worth to look for low cost retirement solutions. keywords: advantages; advisors; american; assets; aum; author; average; bond; business; class; contribution; cost; daily; difference; digital; elaboration; employee; etfs; exchange; expense; expense ratio; fees; figure; financial; funds; future; high; higher; impact; income; index; investment; investors; iras; ishares; look; low; lower; management; market; median; money; mutual; mutual funds; new; performance; plans; portfolio; rates; ratio; research; retirement; return; robo; s&p; salary; savings; schwab; significant; solutions; source; system; table; tax; total; tracking; traditional; u.s; usd; vanguard; years cache: cjfa-16357.pdf plain text: cjfa-16357.txt item: #53 of 318 id: cjfa-16358 author: Peršić, Milena; Halmi, Lahorka title: NON-FINANCIAL INFORMATION AND INTEGRATED REPORTING IN THE HOSPITALITY INDUSTRY: CASE STUDY OF CROATIA date: 2018-03-24 words: 4935 flesch: 33 summary: The focus is on assess- ing the achieved level of information quality disclosed in non-financial reports in accordance with the main objectives presented in the EUDNFI, and brought into force through the new Croatian legislative requirements (CAA, 2016). Literature review Disclosed non-financial information was analysed for the GRI principles defin- ing report quality of publicly disclosed non-financial information, i.e. accuracy, balance, clarity, comparability, reliability and timeliness (GRI, 2016, pp. keywords: accounting; activities; analysed; annual; areas; board; business; case; communication; community; companies; company; comparability; content; corporate; council; croatian; development; elements; emphasis; environment; eudnfi; financial; financial information; framework; future; goals; gri; hospitality; iirc; industry; information; integrated; integrated reporting; international; key; lahorka; local; management; milena; model; non; peršić; principles; quality; related; relationships; reliability; reporting; reports; research; responsibility; results; risks; riviera; score; social; special; stakeholders; strategic; strategy; study; sustainability; valamar; value cache: cjfa-16358.pdf plain text: cjfa-16358.txt item: #54 of 318 id: cjfa-16359 author: ., . title: FOR AUTHORS date: 2018-03-24 words: 1129 flesch: 30 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. Articles submitted for publication should be original and not published any- where before and should not be the subject of any qualification procedure for publication in any other journal of any other publisher. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-16359.pdf plain text: cjfa-16359.txt item: #55 of 318 id: cjfa-16360 author: ., . title: EDITORIAL PAGES date: 2018-03-24 words: 752 flesch: 54 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; compostela; copernican; dziawgo; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; journal; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-16360.pdf plain text: cjfa-16360.txt item: #56 of 318 id: cjfa-17216 author: Krupa, Dorota title: Introduction date: 2018-06-25 words: 162 flesch: 52 summary: Among the matters covered in this issue are the shadow economy, cashless transactions, sovereign bond market, green bonds, and the relationship between asset and profitability with share value. We are open to all scientists from all countries and universities who con- duct research in the area of interest of our journal. keywords: finance; issue; journal cache: cjfa-17216.pdf plain text: cjfa-17216.txt item: #57 of 318 id: cjfa-17217 author: Buszko, Andrzej title: THE LEVEL OF SHADOW ECONOMY IN WARMIŃSKO-MAZURSKI AND KUJAWSKO-POMORSKI REGIONS date: 2017-06-25 words: 4818 flesch: 57 summary: The level of shadow economy in Warmińsko-Mazurski and Kujawsko-Pomor- ski regions. http://dx.doi.org/10.12775/ CJFA.2017.020 andrzej buszko* University of Warmia and Mazury in Olsztyn the level of shadow economy in warmińsko-mazurski and kujawsko-pomorski regions Keywords: shadow economy, level, region, roots, effects, differentiation. keywords: activity; andrzej; approach; business; buszko; causes; companies; countries; data; developed; development; economic; economies; economy; effects; equation; estimation; gdp; general; graph; hidden; high; higher; indicators; informal; international; journal; kujawsko; legal; level; matrix; mazurski; measured; mimic; model; multiple; number; pln; poland; policy; pomorski; rate; reduced; region; regional; research; schneider; sector; shadow; shadow economy; share; situation; size; social; statistical; unemployment; warmińsko; way cache: cjfa-17217.pdf plain text: cjfa-17217.txt item: #58 of 318 id: cjfa-17218 author: Jakubowska, Marta title: THE ROLE OF CASHLESS TRANSACTIONS IN THE PROCESS OF LIMITING THE SCALE OF THE SHADOW ECONOMY date: 2018-06-24 words: 7919 flesch: 58 summary: The value and number of payment card transactions in Poland in the years 1999–2016 stated that the biggest increase the number of payment card transactions happened at the turn of 2014 and 2015, which can be related to the interchange reduction for bank operations, in order to motivate Poles to use payment cards more often (NBP, 2015). The number of cashless transactions in the number of all card transactions in Poland in the years 2004–2017 stated that the biggest increase the number of payment card transactions happened at the turn of 2014 and 2015, which can be related to the interchange reduction for bank operations, in order to motivate Poles to use payment cards more often (NBP, 2015). keywords: acceptance; article; author; bank; bezgotówkowego; capita; card transactions; cashless payment; cashless transactions; clearing; consumers; correlation; countries; data; development; economy; electronic; european; experts; fact; figure; goods; increase; level; market; merchants; money; nbp; number; obrotu; operations; payment; payment cards; payment instruments; payment system; payment transactions; physical; points; poland; polasik; polsce; process; program; programme; reduction; research; role; scale; schneider; services; shadow; shadow economy; source; system; terminals; use; value; wsparcia; years cache: cjfa-17218.pdf plain text: cjfa-17218.txt item: #59 of 318 id: cjfa-17221 author: Sitorus, Tigor; Denny, * title: THE INFLUENCE OF ASSET AND PROFITABILITY TOWARD SHARE VALUE: MEDIATION EFFECT OF LIQUID ASSET date: 2018-06-24 words: 7443 flesch: 60 summary: If the company is liquidated, preferred shareholder also gets priority of claim on company asset after obligation to bondholder and other creditors are met before any claim by ordinary shareholders. Furthermore researcher said that profitability will affect company ability to pay dividend to sharehol- der, this will have positive impact to company value which is indicated by high stock value (Elmi & Muturi, 2016). keywords: amos; analysis; asset; asset value; asset variable; beta; capital; cash; coefficient; companies; company; current; dan; data; direct; dividend; economic; exchange; factors; financial; form; good; high; hypotheses; increase; indirect; indonesia; inf; inf luence; internal; investment; investor; jakarta; level; liquid asset; luence; market; means; method; mining; model; net; positive; positive inf; price; profitability; ratio; related; relationship; research; resources; results; return; sector; share; share value; significant; sitorus; stice; stock; structural; study; table; testing; unit; value; variable cache: cjfa-17221.pdf plain text: cjfa-17221.txt item: #60 of 318 id: cjfa-17222 author: ., . title: FOR AUTHORS date: 2018-06-24 words: 991 flesch: 27 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. Articles submitted for publication should be original and not published any- where before and should not be the subject of any qualification procedure for publication in any other journal of any other publisher. keywords: accounting; article; authors; copernican; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-17222.pdf plain text: cjfa-17222.txt item: #61 of 318 id: cjfa-17223 author: ., . title: EDITORIAL PAGES date: 2018-06-24 words: 727 flesch: 56 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; andrzej; copernican; economics; economy; editor; finance; germany; hab; ingolstadt; issn; journal; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-17223.pdf plain text: cjfa-17223.txt item: #62 of 318 id: cjfa-17224 author: Krupa, Dorota title: Introduction date: 2018-06-25 words: 198 flesch: 44 summary: We are happy to present to you the first issue of 2018 of the scientific quarterly, Copernican Journal of Finance & Accounting, in which scientists from different universities present themes related to the various challenges of contemporary finances. Contemporary finance and the economy are un- doubtedly areas full of challenges. keywords: accounting; finance; journal; new; present cache: cjfa-17224.pdf plain text: cjfa-17224.txt item: #63 of 318 id: cjfa-17225 author: Kogut-Jaworska, Magdalena title: PRINCIPLES OF SUPPORT FOR THE COMMON GOOD SERVICES CO-FINANCED FROM PUBLIC FINANCIAL MEANS date: 2018-06-25 words: 4184 flesch: 48 summary: Regions are responsible for issues of regional importance (deter- mined by the law), playing a relatively limited role in providing public services (Godfrey, 2001, p. 504, 505). Public services, which in the legal framework on public aid have a leading role, are described by the Polish Legislation as own tasks, services for the common welfare or services provided for the common econom- ic interest. keywords: activity; aid; commission; common; common good; community; compensation; economic; education; european; expenditure; finance; financial; financing; framework; general; good; good services; government; government units; interest; journal; kogut; legal; level; local; magdalena; marcou; market; municipal; needs; particular; poland; principles; protection; public; public aid; public services; regulations; responsible; rules; samorządu; self; services; social; state; support; tasks; territorial; territorial self; terytorialnego; union; units; warszawa; welfare cache: cjfa-17225.pdf plain text: cjfa-17225.txt item: #64 of 318 id: cjfa-17226 author: Mihaylova, Lyudmila; Papazov, Emil title: USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY date: 2018-06-25 words: 4676 flesch: 44 summary: On this basis, strategic management decisions can be made, for example in connection with a possible restructuring of the company’s product portfolio. Research context: accounting information and strategic decision-making Practitioner’s views on the relationship between strategic management and fi- nancial accounting have endured changes over time, but no consensus on this issue has been reached so far. keywords: accounting; activities; analysis; assets; basis; business; children; company; costs; decisions; distribution; enterprise; entity; example; expenses; external; financial; financial reporting; important; indicators; information; journal; loss; making; management; managers; mihaylova; operating; operating segment; papazov; product; purposes; relationship; reporting; result; revenues; sales; segmented; segments; senior; shoes; strategic; table; total; units; variable; view cache: cjfa-17226.pdf plain text: cjfa-17226.txt item: #65 of 318 id: cjfa-17228 author: Pawłowski, Jarosław title: INDIVIDUAL INVESTORS ON THE FINANCIAL MARKET IN POLAND date: 2018-06-25 words: 7333 flesch: 60 summary: Considering the changes that occur in this field, the issue of financial investments made by individual investors in Poland is quite interesting and important. In connection with the validity and significance of the questions outlined above, the subject of this paper is the issue of financial investments made by in- dividual investors in Poland. keywords: analysed; analysed group; analysis; answer; approx; assets; author; bank; bonds; conclusions; currency; deposits; derivatives; diagram; estate; experience; financial; financial investments; financial market; following; funds; group; households; individual investors; individual research; instruments; interest; investments; major; market; newconnect; number; obi; percentage; period; poland; question; real; research; respondents; results; sii; source; stocks; structure; study; subject; survey; terms; type; units; value; wse; years cache: cjfa-17228.pdf plain text: cjfa-17228.txt item: #66 of 318 id: cjfa-17230 author: ., . title: FOR AUTHORS date: 2018-06-25 words: 1167 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The journal’s ethical principles are based on Code of Conduct and Best Practice Guidelines for Journal Editors edited by Committee on Publication Ethics: https://publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-17230.pdf plain text: cjfa-17230.txt item: #67 of 318 id: cjfa-17231 author: ., . title: EDITORIAL PAGES date: 2018-06-25 words: 708 flesch: 58 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; copernican; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; journal; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-17231.pdf plain text: cjfa-17231.txt item: #68 of 318 id: cjfa-1794 author: Balcerowski, Maciej title: Freedom of choice of a lawyer date: 2013-09-19 words: 4103 flesch: 63 summary: Nie negując tezy, zgodnie z którą przez sam fakt ko- rzystania z usług czy też zatrudniania profesjonalnych pełnomocników zakład ubezpieczeń jako taki nie nabywa uprawnień do reprezentowania ubezpieczo- nego, można jednak wskazać sytuację, w której w ramach procesu cywilnego, na podstawie unormowań kodeksowych, zakład ubezpieczeń stanie się peł- noprawnym pełnomocnikiem ubezpieczonego. Pierwsze twierdzenie może zostać zobrazowane przez wskaza- nie, że w roku 2000 przypis składki w ramach ubezpieczeń grupy 17 działu II (ubezpieczenia ochrony prawnej) wynosił jedynie 0,3 keywords: administracji; administracyjnego; adwokata; adwokatów; art; assistance; asysty; bezpośrednio; być; bądź; będzie; choice; cywilnego; cywilnej; czerwca; czy; dalej; dla; dnia; dotyczących; dyrektywy; dz.u; działalności; etap; europejskiej; francji; freedom; gdyż; gruncie; ich; insurance; interesów; istotne; jako; janyga; jednak; jednocześnie; jedynie; jego; jest; już; karnego; kiedy; knf; kodeks; konieczności; kosztów; kpa; kpc; której; których; którą; lawyer; legal; lub; maciej; mają; mimo; między; mln; mogą; może; możliwie; można; należy; natomiast; nawet; nie; ochrony; ochrony prawnej; odpowiedzialności; odszkodowania; oraz; osoba; pełnomocnika; pełnomocnikiem; polskiej; pomocy; porad; postępowania; poz; pozwala; prawnego; prawnej; prawników; prawnych; prawo; problematyki; produktu; przepisy; przepisów; przez; przyjęcie; przypadku; radca; radców; ramach; regulations; reprezentowania; roku; rozwoju; rynek; rynku; również; się; składki; sporu; sprawie; stanowi; strony; swobodnego; swobody; sytuacji; szeroko; sądami; takiego; takiej; także; tego; tej; też; tym; tytułu; ubezpieczenia; ubezpieczenia ochrony; ubezpieczeniowej; ubezpieczeń; ubezpieczonego; ubezpieczony; ubezpieczyciela; udu; unii; uprawnienia; ust; ustawy; usług; uznać; uśp; więc; wskazać; wskazuje; wyboru; wyboru pełnomocnika; wydaje; wynika; wysokość; wątpliwości; z art; zakresie; zakład; zasady; zgodnie; zgodnie z; znaczenie; związanych; świadczenia cache: cjfa-1794.pdf plain text: cjfa-1794.txt item: #69 of 318 id: cjfa-1795 author: Banaszkiewicz, Aleksandra title: Bookkeeping techniques in historical perspective date: 2013-09-19 words: 5577 flesch: 65 summary: W większych przedsiębiorstwach jeden księgowy nie był w stanie w ciągu jednego dnia przenieść z dziennika do księgi głównej wszystkich operacji księgowych. Można je określić jako wyspecjalizowane dzienniki, do których nanosiło się zapisy w sposób chronologiczny i na pod- stawie zestawień okresowych dokumentów źródłowych. keywords: accounting; aleksandra; amerykańska; amerykańskiej; bilansowa; brak; była; było; były; błędów; czyli; czym; data; dokonywane; doraczyński; działalności; dziennik; ewidencji; fakt; formie; francuskiej; gospodarcze; gospodarczych; graficzny; graficzny metody; główna; głównej; historii; historycznym; ich; inwentarzowa; jak; jako; jednego; jednej; jednocześnie; jednym; jej; jest; kalki; karty; kasowy; kawa; kilka; koncie; konto; kredytowe; ksiąg; księdze; księgach; księgi; księgi głównej; księgowania; księgowości; księgowych; które; liczby; lub; luźnych; matuszewicz; memoriał; metody; metody włoskiej; metodzie; miał; między; możliwe; możliwość; można; mógł; najpierw; należności; następujące; natomiast; nazwę; niemieckiej; niemski; niska; nowej; nowicki; ona; operacji; opisał; oraz; peche; podczas; podstawie; podwójnej; podziału; polegała; polsce; ponieważ; postaci; pozwalała; pozycji; pożyczki; pracy; prezentuje; prowadzenia; przebitkowa; przenoszenia; przestrzeni; przez; przy; przykład; przypadku; rachunkowości; rachunkowych; roku; rozwiniętej; rysunek; również; schemat; schemat graficzny; się; sprzedaży; stało; strona; sumach; symbol; system; szachownicy; szczegółowych; takie; techniki; tego; teoretyczne; też; towarów; transakcje; treść; tylko; tym; tzw; ujęciu; układu; układzie; warszawa; wieku; wielodziennikowej; winien; wojciechowski; wróblewski; włoska; włoskiej; xix; zakupu; zalety; zapisy; zapisów; zasady; zastosowanie; zbiornik; zdarzeń; zobowiązań; zwiększenie; łatwość; źródło cache: cjfa-1795.pdf plain text: cjfa-1795.txt item: #70 of 318 id: cjfa-1796 author: Bożek, Diana Renata title: Obligatory third party liability insurance for professionals date: 2013-09-19 words: 3251 flesch: 53 summary: Autorka odnosi się także do wpływu deregulacji do- stępu do zawodów na ubezpieczenia odpowiedzialności cywilnej. 52 ust. 1 pkt 3 Ustawy prawo budowlane osoba sporządzająca świa- dectwo charakterystyki energetycznej budynku, lokalu mieszkalnego lub części bu- dynku stanowiącej samodzielną całość techniczno-użytkową obowiązana jest zawrzeć umowę ubezpieczenia odpowiedzialności cywilnej za szkody wyrządzone w związku ze sporządzaniem świadectwa charakterystyki energetycznej. keywords: aby; asekuracyjne; bowiem; budzi; być; bądź; będzie; będą; całą; charakterystyki; charakterze; cywilnej; czy; część; dane; deregulacja; diana; dla; dnia; doktryny; dostępu; drugiej; dz.u; działalności; energetycznej; filozoficzne; gospodarczych; ich; insurance; jak; jako; jednak; jednostki; jej; jest; już; koncepcji; kowalewski; które; których; lat; liability; liberałów; malinowska; motywy; motywów; może; można; myślenia; należy; nałożenie; nie; niektórych; obligatory; obowiązek; obowiązkiem; obowiązkowe; obowiązkowych; obowiązku; ochrony; odpowiedzialności; odpowiedzialności cywilnej; oraz; orlicki; osób; party; perspektywy; podmioty; polski; posiadania; poszkodowanego; poz; prawnych; prawo; przez; pytanie; rachunkowości; regulacji; renata; rynku; ryzyko; się; sobie; społeczeństwie; społecznie; sprawcy; staje; stanowi; stronie; strony; sytuacji; szczególnie; szkody; takiego; także; tego; też; tylko; tymczasem; ubezpieczenia; ubezpieczenia odpowiedzialności; ubezpieczeniowej; ubezpieczeń; ubezpieczeń obowiązkowych; umowy; ustawodawca; ustawy; usług; uwagi; warszawa; wartości; wiąże; więc; woli; wpływ; wysokość; wątpliwości; zakresie; zakład; zasady; zawarcia; zawiera; zawodowe; zawodowych; zawody; zawodów; zaś; zdaniem; zgodnie; zmian; związane; świadomości cache: cjfa-1796.pdf plain text: cjfa-1796.txt item: #71 of 318 id: cjfa-1797 author: Drewniak, Zbigniew title: Private equity and venture capital – theoretical considerations date: 2013-09-19 words: 4425 flesch: 51 summary: Private equity to inwestycje specjalnie do tego wyspecjalizowanych podmiotów w spółki niepubliczne w celu zwiększenia ich wartości i osiągnię- cia ponadprzeciętnych zysków. Rozumienie pojęć venture capital i private equity w tradycji amerykańskiej i europejskiej Źródło: opracowanie własne. keywords: aspekcie; biorców; bvca; bądź; będzie; capital; czy; danym; działających; elektronicznej; equity; europie; evca; fazie; finansowania; finansowanych; formie; fundusze; giełdę; gladstone; ich; industry; industry statistics; inwestorów; inwestycji; inwestycji kapitału; istnieją; istotne; jako; jednak; jego; jej; jest; kapitałem; kapitałowego; kapitału; kapitału podwyższonego; które; lub; market; market statistics; materiały; menadżerskie; mln; może; odniesieniu; okazuje; opracowanie; oraz; pakiety; państwie; podejściu; podwyższonego; podwyższonego ryzyka; pojęcia; pojęć; polsce; pozyskane; private; private equity; problemem; prywatny; przede; przedsiębiorstw; przeprowadzanych; przeprowadzone; przez; przypadku; publicznie; publikacjach; punktu; regionu; rodzaju; rozbieżności; rozumienie; rozwoju; rynek; rynku; rynku kapitału; ryzyka; ryzyka w; również; schemat; się; spółki; stanach; statistics; statystyk; stosowanej; szczególnie; także; tamowicz; tego; terminologii; transakcjach; transakcji; tutaj; tych; tym; typu; tzw; udziałów; ujęciu; uwagę; uznawany; venture; venture capital; warszawa; wartości; wartość; wczesnych; widzenia; więc; wrzesiński; wszystkim; wydaje; wysokim; własne; yearbook; zatem; zawsze; zbigniew; zgodnie; zjednoczonych; zwiększenia; zwrotu; źródło cache: cjfa-1797.pdf plain text: cjfa-1797.txt item: #72 of 318 id: cjfa-1798 author: Huterski, Robert title: Attitude of the International Monetary Fund to a concept of sustainable development date: 2013-09-19 words: 3922 flesch: 48 summary: O ile za czasów funkcjonowania Sys- temu z Bretton Woods w działalności MFW dominowały funkcje regulacyjna oraz konsultacyjna, o tyle po jego rozpadzie zaczęły rozrastać się funkcja kre- dytowa Również ład społeczny w kontekście finansowym znajduje odzwiercie- dlenie w opracowaniach MFW, jak choćby w serii raportów o strategii reduko- wania biedy w poszczególnych krajach, np. raporty opublikowane w 2012 roku dotyczące Bangladeszu (IMF 2012a), Gwinei (IMF 2012b) keywords: 1973–1976; ale; artykule; aspekty; bank; bardziej; bardzo; białystok; biedy; bretton; brundtland; będzie; celem; celów; choć; clements; country; czyli; części; d.c; development; dla; dolara; działalności; działania; economic; ekonomia; ekonomiczne; eksploatacji; environment; finansowego; finansowych; fiskalnej; fund; funduszu; funkcjonowania; gdy; global; gospodarczego; gospodarczy; gospodarki; governance; growth; gupta; handlu; ich; idea; imf; instytucji; international; istotne; jako; jednak; jednakże; jedynie; jego; jej; jest; keen; koncepcji; koncepcji zrównoważonego; kontekście; kośmicki; krajach; kraju; krajów; które; lagarde; lub; mają; mfw; między; międzynarodowego; monetary; może; możliwości; można; nations; naturalnego; naturalnym; nawet; new; nie; niniejszym; obecnie; odniesienia; odwołuje; oraz; paper; pieniężna; podkreśla; polityki; ponieważ; poszczególnych; poverty; powinien; powiązań; poz; produkcyjnych; przede; przez; przy; publicznego; publikacjach; publikacji; punktu; płatniczych; ramach; reduction; report; robert; roku; roli; rolę; rozwoju; rozwój; również; się; sposób; społeczne; stabilności; stosunek; strategy; strony; sustainable; swoich; systemu; sytuacji; tego; tej; tylko; tym; ujęciu; unep; united; usa; utrzymywanie; walutowego; walutowych; washington; widzenia; wiele; wobec; woods; world; współpracy; wszystkim; wydawnictwo; wzrostu; wzrostu gospodarczego; york; zakresie; zarazem; zasobów; zgodnie; zrównoważonego; zrównoważonego rozwoju; zrównoważony; zwłaszcza; ładu; środowiska; środowiskiem; światowego; świetle; życia cache: cjfa-1798.pdf plain text: cjfa-1798.txt item: #73 of 318 id: cjfa-1799 author: Jankowski, Paweł title: The impact of the greenhouse gas emission allowances trading system on the enterprise value date: 2013-09-19 words: 3584 flesch: 48 summary: Na podstawie teorii ekonomicznych, m.in. teorii dóbr publicz- nych czy teorii efektów zewnętrznych, można stwierdzić, że istnieją wystar- czające przesłanki do ingerencji państwa w ochronę środowiska. Mizerka J. (2005), Opcje rzeczywiste w finansowej ocenie efektywności inwestycji, Prace habilitacyjne 20, Wydawnictwo Akademii Ekonomicznej w Poznaniu, Poznań. keywords: aktywa; aktywów; bardzo; bezpośredniego; być; będzie; celu; cena; charakter; cieplarnianych; cieplnej; często; decyzji; dlatego; działalności; dzieli; dzięki; dóbr; ekonomiczne; ekonomicznych; elektrycznej; emisji; energii; enterprise; environmental; ets; example; fazie; finansowe; finansowych; gazów; gdy; giełdowego; giełdowym; grupy; ich; instrumentów; inwestowania; inwestycji; inwestycyjnych; jajuga; jak; jako; jednostek; jednostki; jego; jej; jest; kontraktu; koszty; które; lub; mają; między; mogą; mogły; może; możliwość; można; należy; narzędzia; niepewności; niż; normy; nowe; ochrony; ochrony środowiska; opcji; opcji realnych; opcji rzeczywistych; options; opóźnienia; oraz; paweł; pierwszej; podstawie; poszczególnych; pozwala; prawo; produkcji; produkty; projektu; prośrodowiskowych; przedsiębiorstwa; przez; przy; przychody; przykładzie; przypadku; przyznane; ramach; realne; realnych; rynkowych; rynku; rzeczywiste; rzeczywistych; również; różnych; się; skalę; sposób; stanowi; sytuacji; takie; technologii; temu; teorii; tym; uprawnień; warszawa; wartości; wartość; warunkach; wielu; wpływu; wpływów; wycenie; wyceny; wydawnictwo; wykorzystania; wyróżnia; względu; własności; zakres; zarządzania; zarówno; zasobów; zastosowanie; zbywalne; zbywalnych; zmniejszające; zostały; śleszyński; środowiska cache: cjfa-1799.pdf plain text: cjfa-1799.txt item: #74 of 318 id: cjfa-1800 author: Jańska, Anna title: Risk appraisal in the award of contract bonds date: 2013-09-19 words: 5001 flesch: 60 summary: Dopiero rok 2003 okazał się przełomowy – od tego czasu przypis wzrastał dynamicznie w każ- dym roku, zwiększając ponadto udział składki z gwarancji w PKB. PKB Polski (w mln zł) Udział składki z gwarancji w PKB (w promilach) 2000 148,782 109,43 744 378 0,200 2001 136,476 91,73 779 564 0,175 2002 114,537 83,92 808 578 0,142 2003 112,704 98,40 843 156 0,134 2004 120,603 107,01 924 538 0,130 2005 136,116 112,87 983 392 0,138 2006 150,245 110,38 1 060 031 0,142 2007 187,017 137,40 1 176 737 0,159 2008 214,973 114,95 1 275 432 0,169 2009 277,301 129,40 1 343 657 0,206 2010 317,968 114,67 1 415 385 0,225 2011 302,842 95,24 1 524 679 0,199 keywords: aktualny; analizy; anna; art; artykule; bardzo; beneficjenta; bonds; braku; brutto; charakter; czy; często; danego; dany; deklaracje; dla; dla gwarancji; dnia; dokumenty; dz.u; działalności; etapy; fakt; faza; finansowe; finansowych; firma; fizycznych; gdy; gwarancji; gwarancji ubezpieczeniowych; gwarancyjnej; gwaranta; gwarantowania; holly; ich; informacji; insurance; inwestycyjnego; itp; jak; jako; jednak; jest; jeśli; każdym; klienci; kolei; konstrukcji; kontraktowej; kontraktowych; kontraktu; kukiełka; lub; m.in; mają; między; mln; mogą; może; możliwości; należytego; nawet; nie; ocena ryzyka; ocenie; oceny; odpowiedzialności; omówiono; opinie; opracowanie; oraz; osób; pieniężnego; pkb; podatkowe; podlega; podmiotu; podstawie; podstawowej; polskim; ponadto; poniewierka; poziom; pozostałych; praktyki; prawnej; problemy; procesie; procesu; przebiega; przedmiotu; przez; przypadku; ramach; risk; rodzaju; roku; rynku; ryzyka; ryzyka w; rzecz; również; samej; schemat; sensie; się; składki; spółek; spółki; stanie; stanowi; sytuacji; też; treść; trójstronny; turystycznych; tytułu; ubezpieczenia; ubezpieczeniowych; ubezpieczeń; ubezpieczyciele; udzielania; umowy; ustawy; usterek; usunięcia; uwagi; wad; wadium; wartość; wobec; wszystkie; wtedy; wykonania; wyników; wypłata; własne; właściwego; zabezpieczających; zakładu; zaległości; zaliczki; zapłaty; zarówno; zaświadczenie; zdolności; zobowiązanego; zobowiązany; zus; związanego; zwrotu; świadczenia cache: cjfa-1800.pdf plain text: cjfa-1800.txt item: #75 of 318 id: cjfa-1801 author: Kunkowski, Janusz title: The development of contactless payment market in Poland and in the world date: 2013-09-19 words: 3632 flesch: 53 summary: Janusz KunKowsKi* Uniwersytet Mikołaja Kopernika w Toruniu rozwój płatności zbliżeniowych w polsce Należy również zauważyć, że rynek płatności mobilnych jest na tyle intere- sujący, iż podmioty, które wcześniej nie uczestniczyły w obsłudze płatności, za- czynają się w nim pojawiać. keywords: akceptacji; american; bank; bardzo; być; były; będą; cards; cash; celem; contactless; crotch; czas; dane; development; dla; dostęp; dotychczas; dzięki; elektronicznych; emv; europie; express; felica; formy; gdzie; gotówkowego; gotówkę; harvey; infrastruktury; instrumentów; inteligo; international; iso; jak; janusz; japonia; jednak; jest; journal; kart zbliżeniowych; kartami; karty; klientów; kodu; komunikacji; komórkowego; komórkowych; korzystania; który; kunkowski; lat; liczby; limitu; line; magnetyczny; market; mastercard; metod; mikroprocesor; między; mobilne; mobilnych; może; możliwość; musi; najbardziej; największe; należy; natomiast; nfc; nie; nowych; obrotu; obsłudze; obsługi; online; orange; oraz; organizacje; pasek; payment; paypass; paywave; pin; pln; podkreślić; polasik; polsce; pomocą; porozumienie; pozwala; przedstawiono; przez; przypadku; płatniczej; płatniczych; płatności; płatności zbliżeniowych; płatność; realizacji; rfid; roku; rozwoju; rozwój; rynek; rynku; również; sieci; sim; się; sposób; staje; stanie; sukces; szybki; technologii; tego; tej; telefonem; telefonu; telefonów; temu; terminali; transakcji; trwania; trybie; usa; visa; wartości; wiele; wprowadzaniu; współpracy; wszystkich; zastosowanie; zbliżeniowej; zbliżeniowych; została; związku; świecie cache: cjfa-1801.pdf plain text: cjfa-1801.txt item: #76 of 318 id: cjfa-1802 author: Lulek, Izabela title: The development of Polish venture capital and private equity market date: 2013-09-19 words: 8093 flesch: 58 summary: W 2003 roku Polskie Stowarzyszenie Inwestorów Kapitałowych zleciło ba- danie historyczne dotyczące sektora VC/PE w Polsce, z którego wynika, że w okresie od 1990 do 1994 roku fundusze pozyskały 697 mln EUR kapitału, w okresie 1995–1997 – 871 mln EUR kapitału, natomiast w latach 1998–1999 – aż 1 mld W 2003 roku Polskie Stowarzyszenie Inwestorów Kapitałowych zleciło badanie historyczne doty- czące sektora VC/PE w Polsce, z którego wynika, że w okresie od 1990 do 1994 roku fundusze pozy- skały 697 mln EUR kapitału, w okresie 1995–1997 – 871 mln EUR kapitału, natomiast w latach 1998– 1999 – aż 1 mld keywords: 2002–2005; 2004–2011; 2005; akcji; akwizycji; ale; analizując; banki; bardzo; biznesu; branży; capital; całej; całym; central; dezinwestycji; dla; działalności; eastern; emerytalnych; equity; equity w; europie; europie środkowo; europy; evca; fazach; fazy; finansowania; finansowego; funduszami; fundusze; fundusze vc; giełdę; gospodarki; gpw; ich; inwestorami; inwestorów; inwestycje funduszy; inwestycje w; inwestycji; inwestycji jest; inwestycji vc; inwestycyjnego; inwestycyjnym; izabela; jako; jego; jest; kapitałowego; kapitałowym; kapitału; kapitału przez; kapitału vc; kapitału wysokiego; krajów; kryzysu; które; których; latach; lub; mają; market; miejsce; między; mld; mln; można; natomiast; niewielki; niski; ogóle; ogółu; okresie; opracowanie; oraz; papierów; pe w; pkb; podstawie; podziałem; polsce; polska; polskiego; ponad; ponadto; portfelowych; poziomu; pozwala; pozyskanego; private; private equity; przedsiębiorstwa; przeprowadzonych; przez; przez fundusze; przy; realizowane; regionie; rocznik; roku; roku fundusze; rozwoju; rozwój; rynek; rynku; rynku kapitału; rynku vc; rynku venture; ryzyka; również; się; się w; spadek; sprzedaż; spółek; spółki; stanowią; startu; statistics; stopy; stosunkowo; stowarzyszenia; także; tamowicz; tendencja; tym; typu; udostępniają; udział; udział w; ustawa; uwagę; venture; venture capital; w europie; w latach; w polsce; warszawa; warszawie; wartości; wartościowych; wartość; wpływ; wrzesiński; wschodniej; wyjątkiem; wyjścia; wykres; wykupów; wynika; wysokiego; wysokiej; wzrost; własne; yearbook; zasępa; zauważyć; zmian; zostały; zwrotu; zysku; średnio; środkowo; źródło cache: cjfa-1802.pdf plain text: cjfa-1802.txt item: #77 of 318 id: cjfa-1803 author: Polasik, Michał title: The use of electronic distribution channels of banking services in Poland date: 2013-09-19 words: 4094 flesch: 56 summary: Niższe ceny usług w ramach bankowości elektronicznej w stosunku do usług świadczonych tradycyjnymi kanałami dystrybucji, w tym w szczególności dla transakcji płat- niczych, są rezultatem automatyzacji Wydaje się, że korzystne dla banków będzie promowanie stosowania usług e-przelewów w płatnościach w Internecie ze względu na pozytywne skutki w zakresie wzro- keywords: aktywnych; banking; bankowości; bankowości internetowej; bankowych; banku; banków; bezpieczeństwa; był; była; będzie; center; czterech; czym; dane; danych; detalicznej; detalicznych; dla; dostęp; dystrybucji; electronic; elektronicznych; europejskiej; fakt; grudniu; grudzień; głównie; home; ich; internecie; internetowej; internetowych; internetu; ivr; jak; jednak; jednakże; jego; jej; jest; już; kanałami; kanałem; kanału; kanałów; kart; klientów; komunikacji; kont; korporacyjna; korzystających; korzystania; krajach; krajów; lat; latach; liczby; michał; mimo; mln; mobile; mobilna; mobilnej; największy; należy; natomiast; obecnie; ofercie; około; operacji; oraz; osób; pod; podstawie; polasik; polsce; polska; polskich; polskiego; ponad; posiadających; poszczególnych; poziom; pozostałe; przelewów; przez; przypadku; przyrost; płatniczych; płatności; ramach; realizacji; roku; rozwiązania; rozwoju; rozwój; rynek; rynku; się; społeczeństwa; stopniowo; systemu; systemów; także; tego; transakcji; tych; tym; tys; udział; unii; use; usług; użytkowników; ważnym; wciąż; wieku; większości; wolumenu; wszystkich; wybranych; wydaje; wykorzystanie; wykres; wynika; względem; względu; wzrost; włochy; zakupów; zarówno; zatem; zbp; zdalnych; znaczący cache: cjfa-1803.pdf plain text: cjfa-1803.txt item: #78 of 318 id: cjfa-1804 author: Więckowska, Marcelina title: The role bonds in financing climate resilient economy date: 2013-09-19 words: 5393 flesch: 49 summary: The validity of the emergence of climate bond market seems rea- sonable to attract private capital to finance climate-resilient economy and to make the recognition of green investment easier for potential investors. The purpose of this paper is to explain why emergence and extension of climate bond market is reasonable and systematize determinants of the mar- keywords: access; african; aligned; asset; awareness; bank; bond; bond market; capital; carbon; category; cbi; change; chart; clean; climate; climate bond; companies; countries; credit; daiwa; data; determinants; development; ecological; economy; efficiency; energy; environmental; european; example; factors; finance; financial; financing; funds; future; global; green; green bond; group; important; income; initiative; institutions; interest; international; investment; investors; issuance; issuers; japanese; kaminker; kind; low; management; marcelina; market; multilateral; nikko; oecd; policy; potential; private; products; project; renewable; research; resilient; retail; risk; role; rynku; sector; securities; solar; standard; stewart; sukuk; support; sustainable; total; turn; uridashi; usd; working; world; worth cache: cjfa-1804.pdf plain text: cjfa-1804.txt item: #79 of 318 id: cjfa-1805 author: Winnicka, Edyta title: Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange date: 2013-09-19 words: 5656 flesch: 61 summary: Wyboru spółek dokonano ze względu na ich wielkość, jak i fakt, że prawdopodobieństwo występowania przychodów/ kosztów uznawanych bezpośrednio w kapitale własnym w ich sprawozdaniach jest wyższe niż w innych spółkach (Walińska, Bek-Gaik 2011).   Jedna z ważniejszych zmian w MSR 1 dotyczyła wprowadzenia kategorii wy- niku całościowego. keywords: aby; accounting; agora; aktywów; analizy; asseco; badania; badanych; badań; bek; bilansie; bioton; brak; były; całkowite; całkowitych; całkowitych dochodów; całościowego; celu; cersanit; cez; comprehensive; cyfrowy; czerwcu; czy; części; dla; dochody; dochodów; dokonano; dotyczące; edyta; financial; finansowej; finansowych; formie; formy; gaik; gpw; gtc; ich; income; informacji; inne; innych; istotnego; jak; jako; jednak; jednostek; jednostki; jej; jest; kapitale; kapitałowe; kapitałowych; kapitału; kategorii; kghm; koszty; kosztów; które; których; kursowe; kęty; lotos; międzynarodowe; mol; może; msr; należy; netia; netto; nie; notowanych; nowa; nowej; oceny; odbiorców; opracowanie; oraz; orlen; orlen x; pbg; pge; pgnig; pieniężnych; pkn; polimexms; polsat; ponadto; pozostałe; pozostałych; pozycjami; pozycji; praktyka; prezentacji; przedstawia; przejrzystość; przeliczenia; przepływów; przez; przychody; rachunek; rachunkowości; rachunku; roku; rozwiązanie; również; różnice; się; sprawozdania; sprawozdanie z; sprawozdań; spółek; spółkach; spółki; standardu; strat; sytuacji; tabela; trakcie; transakcji; tvn; tym; ujawniono; walińska; warszawie; wartości; wersji; wprowadzenie; wpływie; wpływu; wybranych; wyniku; wyników; wzrost; własnego; własnym; zastosowanie; zmiany; zysku; zysków; żadna cache: cjfa-1805.pdf plain text: cjfa-1805.txt item: #80 of 318 id: cjfa-18791 author: Krupa, Dorota title: Introduction date: 2018-12-19 words: 194 flesch: 47 summary: The ability to observe changes taking place in a dynamically changing eco- nomic environment, searching for research gaps, formulating research prob- lems and conducting research are just some of the scientist’s skills. IntroductIon Dear Readers and Authors, It is with great satisfaction we present to you the second issue of 2018 of the sci- entific quarterly Copernican Journal of Finance & Accounting, which is a place for the presentation and exchange of academic thought. keywords: accounting; journal; research; scientific cache: cjfa-18791.pdf plain text: cjfa-18791.txt item: #81 of 318 id: cjfa-18792 author: Bartolacci, Francesca; Soverchia, Michela; Zigiotti, Ermanno title: MANAGING SOLID URBAN WASTE IN ITALY: AN ECONOMIC, FINANCIAL, AND ENVIRONMENTAL PERFORMANCE ANALYSIS date: 2018-12-19 words: 6845 flesch: 53 summary: All of these conditions should serve as guidelines for the management choices made by waste management companies, which take the responsibil- ity for providing the local public services from collection to disposal of UW. Moreover, among the various forms of waste collection, study findings confirm that separated waste collection (SC) represents the most expensive Managing solid urban waste in italy… 11 option for waste management companies (Koushki Parviz, Al-Duaij & Al-Ghim- las, 2004, pp. 959–960). keywords: analysis; annual; area; asset; average; bartolacci; capita; center; collection; companies; company; costs; debt; disposal; ebitda; economic; efficiency; environmental; equity; ermanno; fact; financial; francesca; geographical; group; higher; income; indicator; italian; italy; macerata; macro; management; michela; municipalities; negative; net; north; performance; plant; prod; production; productivity; profitability; public; revenues; roe; roi; services; solid; south; soverchia; study; table; terms; treatment; trend; urban; values; waste; waste management; year cache: cjfa-18792.pdf plain text: cjfa-18792.txt item: #82 of 318 id: cjfa-18794 author: Bolibok, Piotr title: THE MACROECONOMIC DRIVERS OF HOUSEHOLD DEBT-TO-INCOME RATIO: AN EVIDENCE FROME THE OECD COUNTRIES date: 2018-12-19 words: 12339 flesch: 51 summary: Estimations of the fixed-effect panel regression model Model: ������� � �� + �� � ������ + �� � �������� + �� � ���� + �� � ������ + �� � ������������ + �� � �����+�� � ������+�� � ������� + �� � ����� + �� + ��� Estimate Value Std. Estimations of the fixed-effect panel regression model Model: ������� � �� + �� � ������ + �� � �������� + �� � ���� + �� � ������ + �� � ������������ + �� � �����+�� � ������+�� � ������� + �� � ����� + �� + ��� Estimate Value Std. keywords: aged; attainment; average; borrowing; coefficients; countries; country; data; debt; dti; education; estimates; evidence; explanatory; gap; gdp; growth; higher; household; household debt; housing; income; indebtedness; inequality; interest; literature; log; long; model; natural; negative; oecd; panel; population; positive; prices; productivity; rate; ratio; regression; research; results; run; share; significant; term; tertiary; unemployment; variables; wage cache: cjfa-18794.pdf plain text: cjfa-18794.txt item: #83 of 318 id: cjfa-18795 author: Islam, Mohammad Shahidul title: DIVIDEND PRACTICES IN LISTED BANKS OF BANGLADESH date: 2018-12-19 words: 5764 flesch: 63 summary: The dividend pattern of listed companies and the management’ practices of dividend policy are described for revealing the present scenario of dividend in the capital market of Bangladesh. They con- cluded that only investment policy rather than dividend policy determines firm value in an ideal economy. keywords: author; baker; bangladesh; banking; banks; calculation; cash; chi; companies; company; corporate; data; decision; determinants; different; dividend; dividend policy; dividend practices; dpr; dps; earnings; economics; eps; finance; financial; firm; growth; high; higher; investment; investors; journal; low; majority; managers; market; medium; mohammad; mps; payment; payout; percent; performance; policy; practices; preference; ratio; related; research; risk; sample; sector; shahidul; shareholders; signaling; significant; size; square; stock; study; survey; table; test; trend; value cache: cjfa-18795.pdf plain text: cjfa-18795.txt item: #84 of 318 id: cjfa-18796 author: Pawłowski, Maciej title: FINANCING THE SOLAR ENERGY MARKET THROUGH THE USE OF SECURITIZATION – THE CASE OF THE UNITED STATES date: 2019-12-19 words: 5737 flesch: 38 summary: In this respect, it should be noted that the potential prerequisite for the de- velopment of securitization market, which is based on a lease of photovoltaic installations, is its strong connotation with the concept of sustainable devel- opment. The way in which data is presented does not diminish its cognitive value, as the leasing of solar installations is at the heart of the process of solar energy securitization. keywords: activities; american; article; assets; benefits; capital; characteristics; concept; cost; crisis; date; debt; development; economic; economy; energy; energy market; energy securitization; finance; financial; financing; funding; future; graph; initiator; installations; instruments; lease; lease securitization; leasing; loans; long; maciej; market; mechanism; new; ownership; photovoltaic; photovoltaic installations; potential; process; renewable; risk; securities; securitization; securitization market; securitization process; securitization transactions; solar; solar energy; sources; state; statistics; subject; systems; term; transactions; transfer; u.s; usd; use; value; work cache: cjfa-18796.pdf plain text: cjfa-18796.txt item: #85 of 318 id: cjfa-18798 author: Wiśniewska, Anna title: THE INITIAL COIN OFFERING – CHALLENGES AND OPPORTUNITIES date: 2018-12-19 words: 4378 flesch: 56 summary: Investors and companies that decided to finance their activity by the ICO procedure must also deal with a legal risk, as starting ICO procedure may cause the need for individual law interpretations. Disadvantages and advantages of using ICO procedure The conducted analysis and the case study allows to enumerate the disadvan- tages and advantages of the application of the Initial Coin Offering procedure to raise capital. keywords: anna; bank; bitcoin; capital; case; central; challenges; coin; coin offering; companies; company; cryptocurrencies; currencies; currency; digital; ethereum; european; exchange; fatf; finance; form; ico; information; initial; initial coin; internet; investors; ipo; law; legal; level; main; market; method; money; offering; official; opportunities; paper; payment; possible; procedure; project; research; risk; schemes; study; tokens; traditional; use; value; virtual cache: cjfa-18798.pdf plain text: cjfa-18798.txt item: #86 of 318 id: cjfa-18799 author: Zabawa, Justyna title: THE SIGNIFICANCE OF THE GRI (GLOBAL REPORTING INITIATIVE) STANDARD IN REPORTING OF ENVIRONMENTAL INFORMATION. THE ANALYSIS OF POLISH BANKING SECTOR IN THE FACE OF REGULATORY CHANGES date: 2018-12-19 words: 5426 flesch: 47 summary: Abstract: One of the most notable effects generated in response to the recent spate of regulatory changes in the banking sector is the mounting interest in those elements of sectoral policy that focus on disclosure of non-financial information – a trend obse- rved not only in Poland, but also in the EU financial sector as a whole. In addition, the author Justyna Zabawa112 intends to fill the apparent gap in professional literature, as the subject of reporting non-financial information (in particular – environmental information) in the banking sector seems under-represented in modern research. keywords: 2014/95; accounting; act; analysis; aspects; assets; bank; banking; banking sector; business; commercial; companies; corporate; credit; data; descriptive; directive; disclosure; employment; end; environmental; finance; financial; financial information; financial reporting; gri; information; institutions; justyna; largest; literature; main; market; modern; non; number; organisations; paper; pln; poland; polish; polish banking; polska; process; recent; regulations; reporting; reports; research; responsibility; s.a; sector; significance; social; standard; study; sustainability; total; warszawa; year; zabawa cache: cjfa-18799.pdf plain text: cjfa-18799.txt item: #87 of 318 id: cjfa-18800 author: ., . title: FOR AUTHORS date: 2018-12-19 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-18800.pdf plain text: cjfa-18800.txt item: #88 of 318 id: cjfa-18801 author: ., . title: EDITORIAL PAGES date: 2018-12-19 words: 774 flesch: 56 summary: Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; compostela; copernican; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; italy; journal; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-18801.pdf plain text: cjfa-18801.txt item: #89 of 318 id: cjfa-1959 author: Dziawgo, Leszek title: Introduction date: 2013-10-09 words: 212 flesch: 46 summary: In this way a passion for scientific work finds new possibilities of coopera- tion. The Journal serves for the development of the science of Finance as a forum of presentations and analyses of scientific working papers in the scope of finance and accoun- ting in the international dimension. keywords: finance; journal; science; scientific cache: cjfa-1959.pdf plain text: cjfa-1959.txt item: #90 of 318 id: cjfa-1960 author: dla autorów, Informacje title: Dla Autorów date: 2013-10-09 words: 87 flesch: 45 summary: W Copernican Journal of Finance & Accounting - - - - - - - - szeniowego. Coperni- can Journal of Finance & Accounting - - Coper- keywords: accounting; copernican; finance; journal cache: cjfa-1960.pdf plain text: cjfa-1960.txt item: #91 of 318 id: cjfa-19612 author: Krupa, Dorota title: Introduction date: 2019-03-06 words: 222 flesch: 38 summary: One of the articles is devoted to the effects of macroprudential policy instru- ments and micro-prudential capital regulations on the procyclicality of loan- loss provisions. In the journal, an article relating to the important problem about the progress of the Polish economy’s innovativeness in the years 2010- 2016 against the backdrop of other EU member states is presented. keywords: accounting; articles; current; finance; journal cache: cjfa-19612.pdf plain text: cjfa-19612.txt item: #92 of 318 id: cjfa-19613 author: Okpala, Okwy Peter; Iredele, Oluwamayowa Olalekan title: CORPORATE SOCIAL AND ENVIRONMENTAL DISCLOSURES AND MARKET VALUE OF LISTED FIRMS IN NIGERIA date: 2019-03-06 words: 7972 flesch: 50 summary: Using data collected in Egypt, Wahba (2008) corroborated the finding that social responsibility reporting exerts positive and significant im- Okwy Peter Okpala, Oluwamayowa Olalekan Iredele16 pact on firm market value. In the light of this on-going debate on the association between CSED and market value of firms, this study attempts to extend academ- ic literature on this debate within the context of developing country like Nigeria. keywords: accounting; activities; affl; analysis; annual; board; business; capital; companies; company; corporate; corporate environmental; corporate social; csed; csr; data; development; disclosures; economics; effect; environmental; environmental disclosures; environmental performance; evidence; finance; financial; firm; firm value; framework; global; governance; gri; ind; industry; information; investors; iredele; journal; kpmg; lev; literature; management; market; market value; maximum; mean; measure; model; nigeria; non; okpala; okwy; olalekan; oluwamayowa; performance; peter; positive; predictor; regression; relationship; reporting; reports; research; responsibility; result; review; roe; score; significant; size; social; social environmental; social responsibility; stakeholders; stationary; studies; study; sustainability; table; theory; value; variables; voluntary cache: cjfa-19613.pdf plain text: cjfa-19613.txt item: #93 of 318 id: cjfa-19616 author: Olszak, Małgorzata; Roszkowska, Sylwia; Kowalska, Iwona title: THE JOINT EFFECT OF BORROWER TARGETED MACROPRUDENTIAL INSTRUMENTS AND CAPITAL REGULATIONS ON PROCYCLICALITY OF LOAN-LOSS PROVISIONS date: 2019-03-06 words: 13808 flesch: 58 summary: In this study we test whether the interaction be- tween borrower targeted macroprudential policy instruments and restrictive micro- -prudential capital regulations tends to adjust the countercyclical effect of borrower targeted instruments and capital regulations. Our analysis implies that merging restrictive borrower targeted instruments and capital regulations tends to weaken the counter- cyclical effect of borrower targeted macroprudential policy instruments and restric- tive capital adequacy regulations. keywords: assets; average; banks; bikker; borrower; bouvatier; business; capital; capital regulations; capreg; coefficient; control; countercyclical; countries; country; cycle; data; earnings; economic; effect; et al; evidence; financial; fonseca; gdpg; gonzález; growth; impact; index; instruments; interaction; joint; journal; laeven; large; lepetit; llp �; loan; loss; macroeconomic; macroprudential; macroprudential policy; majnoni; management; measure; median; median llp; metzemakers; micro; negative; olszak; olszak et; period; policy; policy instruments; positive; previous; procyclicality; profitbpt; provisions; ratio; regression; regulations; relationship; research; restrictive; restrictiveness; risk; roszkowska; sensitivity; significant; size; specific; study; table; term; total; unconsolidated; unempl; values; variables cache: cjfa-19616.pdf plain text: cjfa-19616.txt item: #94 of 318 id: cjfa-19618 author: Piotrowski, Dariusz title: PROPAGANDA OF SUCCESS IN THE AREA OF THE STATE’S SOCIAL AND ECONOMIC POLICY date: 2019-03-06 words: 7731 flesch: 57 summary: In a narrower sense, political propaganda is “one of the forms of commu- nication remaining in systemic relations to the authorities, ideologies, media and the public opinion” (Dobek-Ostrowska, Fras & Ociepka, 1999, p. 6). Stable situation on the financial markets, low interest rates, low prices of raw materials, stable exchange rates, access to huge funds from the European Union, as well as the increase in domestic demand fuelled by social programmes are factors due to which a much higher result could have been expected. keywords: analysed; analysis; answers; area; attitudes; author; births; children; communication; content; current; data; dynamics; economic; economy; effectiveness; effects; ethics; fact; family; figure; financial; gdp; government; government propaganda; hand; high; important; increase; information; knowledge; level; low; main; market; media; message; negative; number; opinion; people; poland; policy; polish; political; positive; power; programme; propaganda; public; rate; reduction; respondents; right; situation; social; society; source; state; study; success; support; survey; time; unemployment; united; university; views; years cache: cjfa-19618.pdf plain text: cjfa-19618.txt item: #95 of 318 id: cjfa-19621 author: Ziółkowska, Wiesława title: INNOVATIVENESS OF THE POLISH ECONOMY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT date: 2019-03-06 words: 5955 flesch: 56 summary: SII in EU countries in 2016 vs. UE 2010 -10.0 10.0 30.0 50.0 70.0 90.0 110.0 130.0 150.0 RO BG HR PL LV HU EL SK CY IT MT ES LT EE PT CZ SI EU28 FR IE BE LU AT DE UK NL FI DK SE Moderate InnovatorsModest Innovators Innovation Followers Innovation Leaders S Among the solutions driving sustainable development of paramount impor- tance is the improvement of EU economies in terms of innovativeness and com- petitiveness, as this is the only way that offers a chance to reduce differences in the level of wealth of societies and their quality of life. keywords: 2010–2016; average; average gdp; basis; capita; change; correlation; countries; country; debt; denmark; development; different; economic; economies; economy; eu average; european; eurostat; expenditure; figure; finland; funds; gdp; gerd; global; government; gross; growth; higher; highest; human; increase; index; indicators; innovation; innovation index; innovativeness; innovators; key; level; lower; measure; member; number; percentage; point; poland; polish; polish economy; public; r&d; r&d expenditure; research; scoreboard; sector; share; sii; social; spending; states; strong; summary; sweden; times; union; wiesława; years cache: cjfa-19621.pdf plain text: cjfa-19621.txt item: #96 of 318 id: cjfa-19622 author: ., . title: FOR AUTHORS date: 2019-03-06 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-19622.pdf plain text: cjfa-19622.txt item: #97 of 318 id: cjfa-19623 author: ., . title: EDITORIAL PAGES date: 2019-03-06 words: 721 flesch: 57 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; copernican; dziawgo; e n; economics; editor; finance; germany; hab; ingolstadt; issn; journal; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-19623.pdf plain text: cjfa-19623.txt item: #98 of 318 id: cjfa-20420 author: Krupa, Dorota title: Introduction date: 2019-05-25 words: 263 flesch: 47 summary: In the current issue you can read articles about the wealth management market in China, the social background of Brexit, and about the inf luence of crypto currency on the economy of Georgia. You will be able to find articles about promoting the transparency of the economic process by accounting, and about the importance of financial reporting for individual investors. keywords: accounting; articles; authors; copernican; finance; journal cache: cjfa-20420.pdf plain text: cjfa-20420.txt item: #99 of 318 id: cjfa-20421 author: Ahmed, Ahmed L.M. title: THE SOCIAL BACKGROUND OF BREXIT date: 2019-05-25 words: 9189 flesch: 70 summary: In addition, populist parties in many countries are calling for a similar referendum over EU membership, especially in countries always considered pillars of the EU like Germany and France. That harmonizes with (Curtice, 2016), who found that many British showed concerns towards the cultural consequences, but were likely to believe that there are economical benefits from EU membership. keywords: ahmed; answers; background; brexit; britain; british; brussels; citizens; commonwealth; community; cost; countries; country; cultural; data; economic; eec; elections; eurobarometer; european; european parliament; european union; feeling; figure; financial; france; french; gaulle; historical; identity; integration; l.m; leave; legislations; london; loss; main; market; member; membership; minister; national; nationality; new; paper; parliament; parties; party; people; percentage; points; populist; press; question; referendum; refusal; relations; remain; research; rest; results; seats; situation; social; source; sovereignty; states; trade; ukip; union; votes; world; www1; years cache: cjfa-20421.pdf plain text: cjfa-20421.txt item: #100 of 318 id: cjfa-20422 author: Cilak, Małgorzata title: FINANCIAL STABILITY OF LOCAL GOVERNMENT UNITS – LEGAL AND ECONOMIC APPROACH date: 2019-05-25 words: 6017 flesch: 57 summary: According to its paragraph 1, the decision-making body of an L.G.U. cannot adopt a budget in which the planned current expenses are higher than the planned current income increased by: the budgetary surplus from previous years, repayment of loans granted from the budget of L.G.U. in previous years, and unused funds coming from income and expenditure settlements resulting from special rules for the execution of local government budgets and settle- ments of funds from the EU budget. Observably, the share of property expenditure in local government budgets is higher than in the state budget (Ziółkowska, 2012, pp. keywords: act; article; audit; babczuk; budget; certain; chambers; council; current; current income; data; debt; deficit; execution; expenditure; expenses; finance; financial; funds; government; government units; income; journal; l.g.u; l.g.u.s; legal; legislator; liabilities; local; local government; national; ncrca; operating; p.f.a; planned; planning; possibility; previous; property; property income; public; regional; regulations; repayment; rules; samorządu; stability; surplus; terytorialnego; total; units; warsaw; years cache: cjfa-20422.pdf plain text: cjfa-20422.txt item: #101 of 318 id: cjfa-20423 author: Dziawgo, Tomasz title: WEALTH MANAGMENT MARKET IN CHINA OPPORTUNITIES AND CHALLENGES date: 2019-05-25 words: 4245 flesch: 54 summary: Wealth management market in China… 55 Lastly, considering both wealth inheritance on a large scale in China and heavy impact of new technologies in wealth management market worldwide, there are increased security concerns and fear of data leakages (BNP Paribas, 2018). In spite of being relatively young, Chinese wealth management market has been developing rapidly with increasing number of aff luent clients and their value of total assets. keywords: advisory; asia; assets; bank; banking; business; capgemini; challenges; china; chinese; chinese wealth; clients; companies; data; family; figure; financial; generation; high; hnwi; important; increase; individuals; inheritance; investment; key; management; management market; market; new; number; overseas; pacific; population; private; region; report; services; share; solutions; total; unhwi; usd; wealth; wealth management; worth cache: cjfa-20423.pdf plain text: cjfa-20423.txt item: #102 of 318 id: cjfa-20424 author: Kwiatkowska, Julia title: CROSS-SELLING AND UP-SELLING IN A BANK date: 2019-05-25 words: 4578 flesch: 66 summary: Guidelines on cross-selling practices In 2016, the European Securities and Markets Authority, ESMA, issued Guide- lines on Cross-selling Practices. (Guidelines on cross-selling practices.) keywords: addition; article; bank; basic; case; clients; coefficient; costs; cross; cross selling; customers; dissatisfaction; education; financial; guideline; higher; impact; information; institutions; means; negative; package; perception; positive; price; products; profit; purchase; questionnaire; research; respondents; results; sales; satisfied; selling; study; survey; techniques; use; way; years cache: cjfa-20424.pdf plain text: cjfa-20424.txt item: #103 of 318 id: cjfa-20425 author: Laskowska, Anna title: STOCK MARKET INDICES AS A MEASURMENT TOOL FOR PROFITABILITY OF CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES date: 2019-05-25 words: 5899 flesch: 47 summary: It may therefore be concluded that CSR indices serve the role of a com- pass for investors who want to allocate funds according to SRI principles. Another advantage of CSR indices is the development of capital market, as they form the basis for creating new instruments. keywords: activities; analysis; anna; article; assessment; author; benchmark; business; capital; commission; communication; companies; company; comparison; corporate; corporate social; csr; day; development; economic; effectiveness; efficiency; elaboration; environment; european; finance; financial; following; global; groups; index; indices; information; investing; investment; investors; management; market; market indices; measurement; months; neutral; polish; portfolio; profitability; rates; ratio; research; respect; respect index; responsibility; responsible; results; return; risk; sharpe; social; social responsibility; society; sri; stakeholders; standard; stock; stock indices; stock market; strategies; strategy; subject; sustainability; table; term; theory; time; tool; traditional; value; warszawa; wig; years cache: cjfa-20425.pdf plain text: cjfa-20425.txt item: #104 of 318 id: cjfa-20426 author: Lekashvili, Eka; Mamaladze, Lela title: CRYPTO CURRENCY – A NEW CHALLENGE FOR THE ECONOMY OF GEORGIA date: 2019-05-25 words: 3849 flesch: 56 summary: 1 Georgian multicultural electronic wallet, which first introduced Georgia in 2015 to buy, sell, send and sell virtual currencies of virtual currency. At the same time, in a number of states the creation of regulatory legislative acts on virtual currency is underway. keywords: 94 figure; bank; bitcoin; case; central; change; countries; creation; crypto; cryptocurrency; cryptographic; currencies; currency; development; digital; economic; european; figure; financial; georgia; information; issue; legal; lekashvili; lela; market; money; month; new; number; price; public; regulation; regulatory; research; respondents; risk; s. 94; state; study; tbilisi; technology; university; virtual; virtual currency; world cache: cjfa-20426.pdf plain text: cjfa-20426.txt item: #105 of 318 id: cjfa-20427 author: Pawłowski, Jarosław title: THE USEFULNESS OF FINANCIAL REPORTING FOR FINANCIAL INSTRUMENTS IN THE DECISION-MAKING PROCESSES OF INDIVIDUAL INVESTORS date: 2019-05-25 words: 5459 flesch: 45 summary: (Us- ability of financial statement information) The term of financial statement refers to a set of data concerning the prop- erty and financial position as well as financial results achieved in a specified period of activity of a given unit. keywords: accounting; additional; analysed; analysis; answers; business; changes; data; decision; derivatives; economic; entities; expectations; field; figure; financial; financial instruments; financial reporting; financial statements; group; individual; individual investors; information; investors; legal; making; market; number; opinion; participants; particular; percentage; period; poland; poor; presentation; processes; purpose; question; regulations; reporting; research; respondents; results; rules; scope; small; statement; study; subject; sufficient; survey; type; usefulness cache: cjfa-20427.pdf plain text: cjfa-20427.txt item: #106 of 318 id: cjfa-20428 author: Slyozko, Tetyana; Kurilo, Lyudmila; Mazina, Oleksandra title: THE UNIQUE OPPORTUNITIES OF ACCOUNTING TO PROMOTE TRANSPARENCY OF ECONOMIC PROCESSES date: 2019-05-25 words: 4131 flesch: 40 summary: All of these factors allow accoun- ting to provide transparent accounting information to any users and institutions.   Based on these rules, it must provide accounting information compliance with the requirements, which established by institutions (financial, taxation) – in a various types of re- ports. keywords: accounting; accounts; activities; activity; appropriate; bank; business; capacities; code; control; data; different; economic; economy; enterprises; figure; financial; help; important; information; institute; institutions; journal; kurilo; legislative; level; management; means; methods; model; national; non; opportunities; procedures; processes; provide; reporting; research; role; rules; slyozko; special; state; system; tax; transparent; ukraine; unique; users cache: cjfa-20428.pdf plain text: cjfa-20428.txt item: #107 of 318 id: cjfa-20429 author: ., . title: FOR AUTHORS date: 2019-05-25 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-20429.pdf plain text: cjfa-20429.txt item: #108 of 318 id: cjfa-20430 author: ., . title: EDITORIAL PAGES date: 2019-05-25 words: 760 flesch: 55 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; copernican; dziawgo; e n; economics; editor; finance; financial; germany; hab; hochschule; ingolstadt; issn; journal; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-20430.pdf plain text: cjfa-20430.txt item: #109 of 318 id: cjfa-20690 author: Krupa, Dorota title: Introduction date: 2019-06-27 words: 232 flesch: 50 summary: In the current issue you can read articles about the scope of mobile banking applications use among retail bank custom- ers in Poland, and about the effect of social capital on operational performance in commercial banks in Erbil, the city in Iraq. You will be able to find an article about traditional fiscal devices in Po- land and the concept of their modernization. keywords: accounting; authors; copernican; journal; poland; scientific cache: cjfa-20690.pdf plain text: cjfa-20690.txt item: #110 of 318 id: cjfa-20691 author: Borowski-Beszta, Mikołaj; Kiermas, Anna title: THE USAGE OF MOBILE BANKING APPLICATIONS IN POLAND: EMPIRICAL RESULTS date: 2019-06-27 words: 7248 flesch: 49 summary: The perception of mobile banking applications by Polish Internet users Source: own study: Mobile banking applications users (among Polish Internet users), 2018, n=510. The results also suggest, that due to growing needs of mobile banking applications users, as well as the increasing usefulness and ergonomics of applications, the upward trend of mobile banking applications usage in Poland is not likely to slow down in the next few years. keywords: account; active; active mobile; anna; applications; applications users; balance; banking applications; banking services; banking users; banks; beszta; bolibok; borowski; card; channel; chart; communication; contactless; customers; development; device; figure; frequency; functionalities; high; internet; internet users; level; main; market; matras; mikołaj; mobile; mobile applications; mobile banking; mobile payments; new; nfc; number; online; online banking; payments; phone; poland; polasik; polish; popularity; possibility; research; respondents; results; satisfaction; second; security; services; smartphones; study; survey; time; transactions; transfers; usage; users; years cache: cjfa-20691.pdf plain text: cjfa-20691.txt item: #111 of 318 id: cjfa-20692 author: Chodziński, Maciej title: THE TENDENCY OF HOUSEHOLDS TO INVEST IN AN ECOLOGICAL MODERNIZATION OF THE UTILIZED HEATING SOURCES date: 2019-06-27 words: 12795 flesch: 64 summary: However, most variants f luctuate between 40–60% of expenditure incurred by an owner of a real estate. Abstract: The aim of the article is to determine the impact of economic aspects on the decision-making process on modernization of heating sources used by households in the largest cities of the Kuyavian-Pomeranian Voivodeship. keywords: additional; air; analysis; answers; average; blocks; boiler; building; case; central heating; coal; correlation; current; data; dwellers; ecological; ecology; economic; elaboration; electric; electric heating; energy; expenses; family; figure; fireplace; flats; frequencies; frequency; fuel; furnace; gas; group; heating; heating expenses; heating source; high; home; households; houses; level; low; lpg; maciej; main; modernization; natural; negative; number; oil; owners; pea; people; person; place; plant; pln; poland; pollution; power; question; residence; residents; respondents; responses; results; scale; season; significant; single; source; source source; survey; tendency; tenement; type; winter; wood; worth cache: cjfa-20692.pdf plain text: cjfa-20692.txt item: #112 of 318 id: cjfa-20693 author: Hailin, Qin; Jingxu, Zhang title: CAN MANDATORY DIVIDEND POLICY REDUCE THE AGENCY COST OF LISTED COMPANIES? MODEL ANALYSIS AND EMPIRICAL TEST IN CHINA date: 2019-06-27 words: 33218 flesch: 53 summary: To test the intermediary effect of the return on total assets of an enterprise, the study designs Model (16)-(18) to investigate the Mediating Role of Testing Return Rate of Total Assets ������� � � + ������� � ����� + ��������� + ������� + ∑��������� + ���（16） ����� � � + ������� � ����� + ��������� + ������� + ∑��������� + ��� （17） ������� � � + ������� + γ������ � ����� + ��������� + ������� + ∑��������� + ��� (18) To test the intermediary effect of the return on total assets of an enterprise, the study designs Model (16)-(18) to investigate the Mediating Role of Testing Return Rate of Total Assets ������� � � + ������� � ����� + ��������� + ������� + ∑��������� + ���（16） ����� � � + ������� � ����� + ��������� + ������� + ∑��������� + ��� （17） ������� � � + ������� + γ������ � ����� + ��������� + ������� + ∑��������� + ��� (18) keywords: agency; agency cost; agent; assets; assumption; behavior; benefits; capital; cash dividend; china; cock; companies; company; compulsory dividend; continuous; control; controlling; corporate; cost; current; derivability; derivative; difference; discount �; dividend company; dividend distribution; dividend growth; dividend level; dividend policy; dividends; earnings; economic; effect; effort; enterprises; equation; equilibrium; executives; expected; experimental; flow; free; function; future; gains; game; group; hard; higher; holding; impact; income; increase; investment; investors; iron; level; long; low; managers; mandatory dividend; market; matrix; means; mixed; model; nash; non; order; paper; partial; payment; performance; positive; price; private; profit; rate; ratio �; reduction; research; results; return; salary; semi; senior; shareholders; shares; sharing; sides; significant; stock; strategy; table; term; test; time; total; unit; value; variable; work; zhang; π �; − �; � � cache: cjfa-20693.pdf plain text: cjfa-20693.txt item: #113 of 318 id: cjfa-20694 author: Hamad, Ahmed Abdulqader; Tuzlukaya, Şule; Kırkbeşoğlu, Erdem title: THE EFFECT OF SOCIAL CAPITAL ON OPERATIONAL PERFORMANCE: RESEARCH IN BANKING SECTOR IN ERBIL date: 2019-06-27 words: 6728 flesch: 45 summary: Social capital, which represents the knowledge and creativity of the bank’s staff, to provide high val- ue and competitive advantage, as social capital is one of the most vital pillars of superiority for banks in a world of intense competition. Ac- cordingly, the study tested the relationships between social capital dimensions include: (relational capital, structural capital, and cognitive capital) and opera- tional performance development by taking opinions from nominated commer- cial banks operating in Erbil, the study also verified the impact of social capital on the operational performance development by using (cost performance, qual- ity performance, delivery performance, f lexibility performance and innovation performance) based operational performance measures. keywords: abdulqader; academy; actors; ahmed; analysis; authors; banks; business; capital; capital dimensions; cognitive; cognitive capital; commercial; correlation; data; development; different; dimensions; effect; employees; erbil; erdem; finance; ghoshal; hamad; high; important; information; international; items; journal; knowledge; lee; literature; management; nahapiet; network; operational; operational performance; organization; performance; performance development; positive; related; relational; relational capital; relationships; research; researchers; resources; respondents; results; sharing; significant; social capital; statistics; strategic; structural; structural capital; study; survey; table; terms; theory; total; trust; tuzlukaya; value; variables; şule cache: cjfa-20694.pdf plain text: cjfa-20694.txt item: #114 of 318 id: cjfa-20695 author: Jakubowska, Marta title: TRADIOTIONAL FISCAL DEVICES IN POLNAD AND THE CONCEPT OF THEIR MODERNIZATION date: 2019-06-27 words: 6260 flesch: 55 summary: The professions which only recently joined the group of those obliged to have a cash register include e.g. doctors and dentists who, as a result of the extension of this obliga- tion from the year 2015, must keep records by means of cash register devices regardless of the generated turnover. Ultimately, the number of cash register devices is 1.2 million, and the rest of the devices in operation are HoReCa devices (“specialised cash registers”, touch terminals, e.g. in restaurants) with a central system (Związek Banków Polskich, 2016). keywords: author; basis; cash; cash registers; change; companies; computer; concept; configuration; countries; data; devices; diagram; economy; elaboration; electronic; erc; experts; figure; finance; fiscal; fiscal devices; fiscalisation; fiskalne; grey; group; industry; information; market; memory; ministry; mobile; model; necessary; new; number; online; online cash; online fiscalisation; poland; polish; pos; pos cash; register devices; sales; screen; services; single; software; structure; study; system; tax; trade; traditional; transactions; turnover; vat; work cache: cjfa-20695.pdf plain text: cjfa-20695.txt item: #115 of 318 id: cjfa-20696 author: ., . title: FOR AUTHORS date: 2019-06-27 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-20696.pdf plain text: cjfa-20696.txt item: #116 of 318 id: cjfa-20697 author: ., . title: EDITORIAL PAGES date: 2019-06-27 words: 747 flesch: 53 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Ewa Miklaszewska, Cracow University of Economics, Poland Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; compostela; copernican; dziawgo; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; journal; poland; poland prof; prof; santiago; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-20697.pdf plain text: cjfa-20697.txt item: #117 of 318 id: cjfa-21474 author: ., . title: FOR AUTHORS date: 2019-09-29 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-21474.pdf plain text: cjfa-21474.txt item: #118 of 318 id: cjfa-21476 author: ., . title: EDITORIAL PAGES date: 2019-09-29 words: 761 flesch: 55 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Ewa Miklaszewska, Cracow University of Economics, Poland Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; compostela; copernican; dziawgo; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; journal; poland; poland prof; portugal; prof; santiago; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-21476.pdf plain text: cjfa-21476.txt item: #119 of 318 id: cjfa-21478 author: Adegbite, Tajudeen Adejare title: AN EVALUATION OF THE EFFECT OF TAXATION POLICY ON INFLATION IN NIGERIA date: 2019-09-29 words: 7584 flesch: 61 summary: That is value added tax did not granger cause inf lation rate (INFL), and inf lation rate did not granger cause value added tax. Inf lation rate is measured as the percentage change in the price index (consumer price index, wholesale price index, producer price index etc). keywords: causality; cause; chi2; coefficient; corporate; corpt; cusexc; custom; data; dependent; economy; effect; effective; equation; error; excise; government; granger; hypothesis; income; increase; inf; inf lation; infl; information; johansen; lation; lation rate; level; long; matrices; model; negative; nigeria; period; policy; ppt; price; rate; relationship; results; revenue; run; significant; study; table; taxation; taxes; test; theory; unemployment; value; variables; vat; vector; ∈ �; � � cache: cjfa-21478.pdf plain text: cjfa-21478.txt item: #120 of 318 id: cjfa-21482 author: Kaymaz, Mike Onder; Yilmaz, Ilker; Kaymaz, Ozgur title: THE IMPACT OF INTANGIBLE FACTORS ON PROFITABILITY: EVIDENCE FROM CORPORATIONS TRADED AT MUSCAT SECURITIES MARKET IN OMAN date: 2019-09-29 words: 8492 flesch: 53 summary: It is an alternative way to use all such expenses instead of only using intangible assets value from the balance sheet. Mike Onder Kaymaz, Ilker Yilmaz, Ozgur Kaymaz 26 Abstract: The objective of this paper is to determine whether corporate financial per- formance may be inf luenced from intangible assets owned by a company and some spe- cial incurring expenditures benefiting the intangible value of the company even though such items could also be technically expensed contrary to getting capitalized. keywords: accounting; assets; balance; calculated; coefficient; companies; corporate; cvif; cvifta; data; decrease; ebitm; effects; expenses; factors; financial; financial performance; firm; fixed; gpm; gross; ilker; impact; increase; independent; intangible; intangible assets; intangible factors; kaymaz; level; margin; market; meaning; mike; model; net; npm; ols; oman; onder; overall; ozgur; panel; performance; pooled; positive; profitability; r&d; random; ratio; regression; relationship; results; return; roa; robust; run; sample; significant; table; terms; test; total; unit; value; variable; yilmaz cache: cjfa-21482.pdf plain text: cjfa-21482.txt item: #121 of 318 id: cjfa-21483 author: Shah, Syed Alamdar Ali title: INTEGRATION OF FINANCIAL RISKS WITH NON FINANCIAL RISKS: AN EXPLORATORY STUDY FROM PAKISTANI CONTEXT date: 2019-09-29 words: 6278 flesch: 53 summary: The first three categories include market risk from trading intEgration of finanCial risks with non-finanCial risks… 55 activities, structural interest rate risk from asset/liability management, and credit risk, which together constitute the main sources of financial risk. Analysis of Findings and Discussions of interview themes The rationale for the current positioning of bank risks in the views of interview participants within the framework is as follows: intEgration of finanCial risks with non-finanCial risks… 57 Market Risk Discussing about the market risk from the category of financial risks during the interviews most of the risk professionals were of the opinion that market risk is the most “existent” of the all risks, our knowledge is far from perfect. keywords: alamdar; analysis; approach; asset; bank; bank risks; banking; basel; bcbs; business; business risk; capital; categories; category; confidence; credit; credit risk; data; decrease; default; definition; disaggregate; earnings; economic; enigmatic; events; factors; finance; financial; financial risks; framework; impact; increase; institutions; integration; interest; internal; interviews; journal; knowledge; levels; liability; liability risk; losses; main; management; managers; market; market risk; measurement; new; non; operational; operational risk; practice; practitioners; professionals; qualitative; quantification; rate; recognizable; ref; regulatory; reputation; research; risk; risk management; schuermann; sources; structural; study; subject; syed; terms; theory; time; volatility cache: cjfa-21483.pdf plain text: cjfa-21483.txt item: #122 of 318 id: cjfa-21484 author: Sitorus, Tigor; Yuganda, Kendo title: INVESTOR’S STOCK SELECTION DECISION: INFLUENCE OF PROFITABILITY, COMPANY SIZE, AND RAROC date: 2019-09-29 words: 6735 flesch: 59 summary: ROE is considered as a representation of share- holder wealth or company value. This result is in accor- dance with Ramarow (2017) that states the risk elements that affects the profitability, also Hermuningsih (2012, p. 194) which states that fun- damental analysis is an attempt to analyze various factors related to stocks which will be selected through company analysis, industry ana- lysis, and research conducted by Yulindar (2017) stating that profitabi- lity has a positive effect and significant to company value and stock se- lection decision. keywords: analysis; assets; business; capital; companies; company; company size; criteria; dan; data; decision; effect; equity; exchange; expected; factors; financial; firm; good; greater; increase; index; indonesia; inf; influence; investment; investor; jakarta; kendo; level; lq-45; luence; market; measure; model; negative; net; npm; period; perusahaan; positive; prices; profitability; profits; raroc; ratio; research; results; return; risk; roa; roe; sample; selection decision; significant; sitorus; size; stock; stock risk; stock selection; study; sulasmiyati; systematic; tigor; topowijono; total; universitas; value; variable cache: cjfa-21484.pdf plain text: cjfa-21484.txt item: #123 of 318 id: cjfa-21486 author: Tadesse, Tekilu; Melaku, Tesfaye title: ANALYSIS OF THE RELATIVE IMPACT OF MONETARY AND FISCAL POLICIES ON ECONOMIC GROWTH IN ETHIOPIA, USING ARDL APPROACH TO CO-INTEGRATION: WHICH POLICY IS MORE POTENT? date: 2019-09-29 words: 13540 flesch: 51 summary: The equation could be rewritten in form of log-linear form to be employed in this study here as follows: ������ � �� � ������ � ������ � ������� � ������� � ������� � ������ � �� (2) Where RGDP = Real gross domestic product used to measure economic performance M2 = Broad money supply as % of GDP (proxy for monetary policy) (1) Where: Y stand for the economic growth measures for well being of society; F represents fiscal policy variables; M monetary policy variables, and W repre- sents other control variables inf luencing economic performance. Besides of equal effectiveness, the ela- sticity of real output with respect to fiscal policy variable is greater than the elasticity with respect to money supply which show fiscal policy is more effective than monetary policy in inf luencing Real GDP in the long-run. keywords: analysis; approach; ardl; bounds; causality; coefficients; conclusion; correction; countries; critical; cumulative; cusum; data; different; domestic; ecm; economic; economic growth; economy; effectiveness; effects; empirical; equation; equilibrium; error; ethiopia; exchange; existence; expenditure; explanatory; fiscal; fiscal policy; gdp; government; granger; growth; hypothesis; i(1; impact; inf; integration; interest; journal; lag; level; long; long run; louis; macroeconomic; measures; model; monetary; monetary policy; money; negative; openness; output; percent; performance; pesaran; policies; policy; policy variables; positive; proxy; rate; real; regression; relationship; relative; result; root; run; sample; series; shin; short; significant; sources; squares; stability; stationary; statistic; study; supply; table; tadesse; tekilu; term; tesfaye; test; testing; time; trade; unit; value; variables cache: cjfa-21486.pdf plain text: cjfa-21486.txt item: #124 of 318 id: cjfa-253 author: Banaszkiewicz, Aleksandra; Makowska, Ewa title: Corporate Social Responsibility accounting in the context of the selected cultural aspects of the twenty-first century date: 2013-03-18 words: 3727 flesch: 50 summary: się w nagłych, trudnych sytuacjach życiowych. Wolonta- riat pracowniczy polega na angażowaniu się pracowników firmy w działalność woluntarystyczną na rzecz organizacji społecznych. keywords: aby; accounting; adamczyk; aleksandra; aspektach; banaszkiewicz; biznesu; być; było; były; celu; corporate; csr; czyli; często; człowieka; data; difin; dla; dostęp; dulko; działalność; działania; działań; efektywność; ekoinnowacji; ekologia; etyka; ewa; filozofii; financial; finansowe; firmy; funkcjonowania; gabrusewicz; gospodarczego; informacji; innymi; interesariuszy; jak; jako; jakości; jego; jej; jest; klientów; koncepcji; kontekście; które; których; kulturowych; lub; mają; makowska; materiały; matiolańska; między; mogą; może; możliwość; można; naturalnego; new; nowych; ochrony; oczekiwania; oczekuje; odpadów; odpowiedzialność; odpowiedzialność biznesu; okazują; oraz; organizacji; otoczeniem; paliwoda; pietrzak; polsce; pory; pozytywnej; pracowniczy; pracowników; pracy; procesów; przede; przedmiotem; przedsiębiorstwa; przez; przykład; psychologii; punktu; rachunkowości; ramach; raport; relacje; responsibility; rozwoju; rynku; rzecz; również; się; social; sposób; społeczeństwa; społeczna; społeczna odpowiedzialność; społecznych; staje; stanowi; takich; także; tego; tej; temat; termin; też; toruń; tylko; tym; typu; umiejętności; używany; walczak; warszawa; wartości; widzenia; wiedzy; więc; wokół; wolontariat; wspierania; współczesnej; wszystkim; wybranych; wydawnictwo; wśród; zaangażowanie; zadań; zainteresowaniem; zakresie; zarządzania; zarówno; zasobów; zatem; zgodnie; zmiany; zrównoważonego; związanych; środowiska; świata; życia cache: cjfa-253.pdf plain text: cjfa-253.txt item: #125 of 318 id: cjfa-257 author: Ciechan-Kujawa, Marlena; Goldmann, Katarzyna title: Cost management of e-business projects date: 2013-03-20 words: 3790 flesch: 45 summary: Cost management of e-business projects Keywords: business model, the cost of the project, e-business, internet, project mana- gement. http://pl.wikipedia.org/wiki/Intranet   ZarZądZanie kosZtami prZedsięwZięć e-biZnesowych 41 Celem artykułu jest analiza tychże przedsięwzięć pod kątem specyfiki zlo- kalizowania i funkcjonowania ich w sieci w kontekście różnic i podobieństw w odniesieniu do zarządzania projektami realizowanymi w tradycyjnych mo- delach biznesowych. keywords: aspekty; autorskie; bardziej; biurowa; biznesowe; biznesowych; business; być; będzie; będą; cechy; celów; ciechan; commerce; consumer; cyklu; czas; czterech; czy; danych; dla; doligalski; działalności; działania; dzierżawa; efektywności; elektroniczne; funkcjonalności; funkcjonowania; goldmann; grupowych; hosting; ich; informacji; innowacyjności; internetowe; jak; jego; jest; już; katarzyna; klienta; klientami; klientem; klientów; kompozycji; kosztami; koszty; kosztów; księgowe; który; kujawa; kupujących; lub; mają; management; marlena; materiały; meble; media; mentor; miesiąc; miesiącach; między; model; możliwości; można; mógł; najczęściej; należy; niż; nojszewski; opracowanie; oprogramowanie; oraz; organizacji; podstawie; poszczególnych; potrzeb; powierzchnia; powinny; powoduje; poziom; poziomie; prawa; produktu; produktów; projects; projekcie; projektem; projektu; prowadzenia; przedsiębiorstwa; przedsięwzięcia; przez; przypadku; ramach; realizacji; realizowane; relacjami; relacji; rezerwa; rynku; ryzyk; również; różnic; serwerów; serwisu; sieci; się; sposób; sprzęt; tabela; takie; techniczny; tego; telefony; też; tradycyjnego; tradycyjnych; tych; tym; tys; usługi; utraconych; utrzymania; wartości; wdrożenia; wersji; wraz; wykonania; wykorzystanie; wynagrodzenia; względu; własne; zakresie; zakupu; zakupów; zarządzanie; zmiany; związanych; łańcucha; łącze; życia cache: cjfa-257.pdf plain text: cjfa-257.txt item: #126 of 318 id: cjfa-258 author: Huterska, Agnieszka; Huterski, Robert title: Arrangement of functioning of shadow banking in Poland and in the European Union date: 2013-03-20 words: 3400 flesch: 40 summary: 56 611 48 95. AgnieszkA HuterskA, robert Huterski* Uniwersytet Mikołaja Kopernika w Toruniu porządkowanie funkcjonowania bankowości równoległej (shadow banking) w polsce Arrangement of functioning of shadow banking in Poland and in the European Union Keywords: financial supervision, shadow banking. keywords: agnieszka; akcji; banking; bankowego; bankowości; bankowych; bankowym; banku; banków; bez; bezpieczeństwa; board; być; całego; celu; czynności; depozytów; dla; dnia; dostęp; dyrektywa; działające; działalności; european; europejskiej; financial; finansowania; finansowego; finansowym; funduszach; funduszu; funkcjonowania; green; huterska; ich; innych; instytucji; inwestorów; inwestycyjnych; jak; jakie; jako; jednak; jest; kasach; kasy; klientów; knf; komisja; krajowej; kredytowe; kredytowych; kredytu; kredytów; które; lub; między; mln; mogą; może; muszą; nadzorem; nadzorowi; nadzoru; należy; nie; objęcie; objęte; operacje; oraz; osoby; oszczędnościowo; oversight; paper; papierów; października; pieniężnych; podlegają; podmiotach; podmioty; podmiotów; poland; polityki; polsce; porządkowanie; poza; pożyczek; pożyczki; prawo; prowadzenie; przez; przypadku; płynności; regulation; regulowanym; robert; rynku; ryzyka; również; równoległej; sektora; sfery; shadow; shadow banking; się; skok; spółdzielcze; spółdzielczych; stability; stabilności; systemem; systemie; systemu; takich; także; tego; tym; udzielanie; ustawy; wartościowych; wiele; wykonywanie; wynikać; względu; zaliczyć; zarządzania; zarówno; zezwolenia; zgodnie; zostały; środków; źródłem cache: cjfa-258.pdf plain text: cjfa-258.txt item: #127 of 318 id: cjfa-259 author: Hyżyk, Sebastian title: Selected aspects of due diligence of sovereigns date: 2013-03-20 words: 5335 flesch: 42 summary: Rating methodology, http://www.moodys.com (retrieved 15.11.2012). SebaStian Hyżyk* European Investment Bank, Luxembourg selected aspects of due diligence of sovereigns** Key words: due diligence, public debt, sovereign credit rating. keywords: ability; analysis; aspects; assessment; bank; capacity; case; central; concept; cost; country; credit; credit rating; crisis; currency; debt; default; diligence; economic; economies; economy; effectiveness; elements; eurozone; event; exchange; external; factors; figure; financial; fiscal; foreign; framework; gdp; general; germany; governance; government; greece; high; human; hyżyk; ifis; institutional; international; italy; law; legal; level; local; long; low; markets; methodologies; methodology; moderate; monetary; moody; oecd; poland; policy; political; poor; process; project; public; rating; resilience; rights; risk; score; sebastian; sector; selected; shocks; social; sovereigns; standard; strength; terms cache: cjfa-259.pdf plain text: cjfa-259.txt item: #128 of 318 id: cjfa-260 author: Kita, Mateusz title: Business Interruption insurance as an element of production company insurance program date: 2013-03-20 words: 3662 flesch: 63 summary: Wartość tej ekspektatywy oparta na prawdopodobieństwie i warto- Mateusz Kita OR 92 ści pieniądza w czasie będzie zwykle niższa niż składka – wynika to z dążenia ubezpieczycieli do zysku. Zastosowanie w działalności de- weloperskiej, Biblioteka Bankowca, Twigger, Warszawa. keywords: alop; awarii; bowiem; brutto; budowy; business; być; była; było; cbi; celu; czas; czy; data; dla; dnia; dodatkowe; dostawcy; dostawców; doszło; drugim; dwa; działalności; dzięki; dziś; elektrycznej; element; elementem; energii; finance; finansowego; galey; gazowo; gdy; gospodarce; handlowych; ich; innych; insurance; interruption; inwestycji; jako; jednak; jego; jest; kita; kolei; koszty; kosztów; których; kuhn; likwidacji; lokalizacji; losowych; loss; lub; majątku; maszyn; mateusz; meier; mienia; mieć; mln; mogą; może; możliwość; można; naprawy; nawet; negatywnych; nie; niż; objęte; odbiorców; odbudowy; odszkodowania; ognia; ograniczenia; okresie; ona; ono; oparcie; opóźnienia; oraz; owu; pierwsze; pierwszym; podstawie; pokrycie; poniesionych; powstania; pozwala; procesie; produkcji; produkcyjnego; produktu; programu; programu ubezpieczenia; prosta; przedmiotem; przedsiębiorstwa; przerwy; przez; przychodów; przyczyny; przykład; przypadku; płynności; razie; rezultacie; rolą; rynku; ryzyk; również; się; spadek; spadku; sprzedaży; strumienia; swiss; szkody; szkodzie; szkód; także; tego; tej; też; trudności; trzy; tych; tym; ubezpieczenia; ubezpieczenia utraty; ubezpieczeniowej; ubezpieczeń; ujęciu; uszkodzenie; utraconego; utraty; utraty zysku; warszawa; więc; wskutek; wszystkich; wymaga; wyniku; względu; zakresem; zarówno; zaś; zdarzenie; zdarzeń; znaczenie; zostaje; zysku; zürich; ślad cache: cjfa-260.pdf plain text: cjfa-260.txt item: #129 of 318 id: cjfa-261 author: Kozak, Piotr title: Costs of research and development in the view of the Accounting Act and the International Accounting Standard № 38 “Intangible Assets” date: 2013-03-20 words: 5576 flesch: 54 summary: Warianty ewidencji kosztów prac rozwojowych ze względu na czas ich realizacji oraz efekt końcowy można przedstawić także na układzie współrzędnych, tak jak na schemacie 7. Schemat 7. (4) Rozliczenie zakończonych prac rozwojowych w ciężar pozostałych kosztów operacyjnych. keywords: accounting; badawczo; badawczych; bez; bieżącym; być; celem; celu; ciężar; czynne; dla; działalności; efektu; ewidencja; ewidencja kosztów; ich; innowacji; jak; jako; jest; jeżeli; konta; kosztach; koszty; koszty działalności; koszty obrotów; kosztów; kosztów czynne; kosztów koszty; kosztów operacyjnych; kosztów prac; kosztów rodzajowych; kosztów zakończonych; kozak; krąg; krąg kosztów; księgowanie kosztów; które; których; lub; materiałów; miejsce; miejsce ich; międzynarodowego; międzyokresowe; międzyokresowe kosztów; może; możliwość; niematerialne; nowej; nowych; obroty; obrotów; oecd; okresie; operacyjnych; opracowanie; opracowanie własne; oraz; piotr; poniesienia; poprzednim; potrzeby; poza; pozostałe; pozostałych; pozostałych kosztów; prac; prac badawczych; prac rozwojowych; pracami; prawnych; procesu; procesów; produkcji; produktów; projektowanie; przedsiębiorstwa; przeniesienie kosztów; przepisów; przez; przypadku; rachunkowości; rodzajowych; rozliczenie; rozliczenie koszty; rozliczenie zakończonych; rozpoczęte; rozwiązań; rozwojowej; rozwojowych; rozwojowych ze; różne; schemat; seryjnej; się; składnika; sposób; sprzedaży; standardu; systemów; technologii; tego; testowanie; tych; tym; udoskonalonych; urządzeń; ustawy; usług; użytkowania; w związku; wartości; wartości niematerialne; wdrożenie; według; wewnętrzne; wewnętrznych; wiedzy; wykonanie; względu; własne; własne potrzeby; zakończone; zakończonych; zakończonych prac; zakresie; zastosowaniem; ze względu; zgodnie; zostaną; związku; świetle; źródło cache: cjfa-261.pdf plain text: cjfa-261.txt item: #130 of 318 id: cjfa-262 author: Krupa, Dorota; Walczak, Damian; Chojnacka, Ewa title: Saving preferences of households in Poland date: 2013-03-20 words: 3489 flesch: 54 summary: 14,30% 5,60% 0,60% 1,70% 0,00% 100% 2006 wartość 182 891 30 822 15 679 1 740 5 959 59 237 150 udział 77,10% 13,00% 6,60% 0,70% 2,50% 0,00% 100% 2007 wartość 206 608 26 634 19 306 1 937 6 101 56 260 642 udział 79,30% 10,20% 7,40% 0,70% 2,30% 0,00% 100% 2008 wartość 272 076 27 956 20 166 1 676 6 447 42 328 363 udział 82,90% 8,50% 6,10% 0,50% 2,00% 0,00% 100% 2009 wartość 319 054 27 512 21 322 2 073 6 868 49 376 878 udział 84,70% keywords: alokacji; artykułu; badania; bankach; bankowych; banków; baza; cel; chojnacka; czynniki; czynników; damian; dane; danych; data; depozyty; depozytów; diagnoza; dla; dochodów; domowe; domowego; domowych; domu; dorota; dostęp; dóbr; emerytura; ewa; finansowych; form; gospodarstw; gospodarstw domowych; gotówce; grupy; households; innych; innymi; instytucji; inwestycyjnych; jak; jako; jest; krupa; które; literaturze; lokatach; lokaty; mieszkania; między; mln; motywy; najczęściej; należy; narodowy; nie; niezarobkowych; niż; obcych; ogółem; opracowanie; oraz; oszczędności; oszczędzający; oszczędzania; osób; pln; podstawie; poland; polsce; polski; posiadających; posiadanie; potrzeby; poza; preferencje; przez; rachunek; renta; rolnicy; rynku; się; społeczna; tabela; trwałego; tym; udział; utrzymujący; walczak; walutach; walutowe; warszawa; wartości; wartość; wyszczególnienie; względu; wójcik; własne; zakresie; zakup; zalega; zintegrowana; zobowiązania; złotowe; źródeł cache: cjfa-262.pdf plain text: cjfa-262.txt item: #131 of 318 id: cjfa-263 author: Piotrowski, Dariusz; Piotrowska, Anna title: Quantitative Easing – idea, targets and results date: 2013-03-20 words: 5505 flesch: 64 summary: i p rz yc zy no w oś ć* Sz ko ła ke yn es ow sk a ce lo w a ak ty w na i d ys kr ec jo na ln a po lit yk a st ab ili za cy jn a, k tó ra p rz ec iw dz ia ła k ró tk o - ok re so w ym z ak łó ce ni om w g os po da rc e m oż e po śr ed ni o (p rz ez st op y pr oc en to - w e) w pł yw ać n a po py t, c o pr ze kł ad a si ę na w zr os t pr od uk cj i, sk ut ec zn ie js za po lit yk a fi sk al na ni e je st n eu tr al ny „z w ie rz ęc e in - st yn kt y” a da pt a- cy jn e kr ót ki o kr es , no rm al na p rz yc zy - no w oś ć Sz ko ła m on et ar ys ty cz na in te rw en cj a pa ńs tw a m oż e po gł ęb ić ni e- ró w no w ag ę, n ac is k na t w or ze ni e st ab iln yc h po ds ta w g os po da rk i w pł yw a w d łu gi m o kr es ie n a w ie lk oś ci n o- m in al ne , w k ró tk im j es t m oż liw y w pł yw n a zm ie nn e re al ne , po lit yk a fi sk al na ni es ku - te cz ny m s ta bi liz at or em je st n eu tr al ny ad ap ta cy jn e kr ót ki i dł ug i o kr es , no rm al na p rz yc zy - no w oś ć N ow a sz ko ła kl as yc zn a pr ow ad ze ni e po lit yk i s ta bi liz ac yj ne j n ie ce lo - w e, c ał a po lit yk a (w t ym g łó w ni e pi en ię żn a) na st aw io na n a os ią gn ię ci e st ab iln ej , m oż li- w ie n aj ni żs ze j st op y in fl ac ji, z na cz en ie w ia - ry go dn oś ci ne ut ra ln a w k ró tk im at ak u w yp rz ed za ją ce go ni e je st n eu tr al ny ra cj on al ne pr ze w aż ni e kr ót ki ok re s, n or m al na pr zy cz yn ow oś ć * N or m al na p rz yc zy no w oś ć oz na cz a, ż e zm ia ny w il oś ci p ie ni ąd za s ą po w od em z m ia n w a kt yw no śc i g os po da rc ze j. Pr zy cz yn ow oś ć od w ro tn a oz na cz a, ż e pi en ią dz ja ko p ro du kt je dn eg o z se kt or ów g os po da rk i z m ie ni a si ę po do bn ie ja k pr od uk ty in ny ch s ek to ró w p od w pł yw em w ah ań tr en du . keywords: al ne; anna; bank; bankowy; banków; bezrobocia; biliona; było; były; celem; celu; celów; centralnego; centralny; czasie; czyli; często; części; dalszej; dariusz; dla; dolarów; dostęp; drozdowska; działania; działań; długoterminowych; easing; ekonomii; fakt; fed; federalnej; finansowego; finansowych; firm; friedmana; gdyż; gospodarczego; gospodarczy; gospodarki; ilościowe; inflacji; inne; innych; instrumenty; instytucji; istota; iwanicz; jak; jako; jednak; jej; jest; już; kapuścińska; kaźmierczak; kiedy; kolei; komercyjnych; koniec; koniunktury; kontroli; kredytów; kryzys; kryzysów; lat; latach; lub; luzowania; mając; między; międzybankowym; międzynarodowej; mld; monetary; może; można; należy; narodowego; narzędzia; następnie; natomiast; ni e; nie; niewielkie; niskim; obecnie; obiegu; obliczu; oddziaływania; około; okresie; oparte; operacji; oraz; papiery; papierów; pieniądza; pieniężnej; piotrowski; podaży; pojawiły; policy; polityce; polityki; polityki pieniężnej; poniżej; poziomie; poziomu; pracy; problemy; procentowe; procentowych; przez; przykładzie; quantitative; ramach; reakcji; realizacji; realizowanej; recesji; reserve; rezerwy; rezultatem; rodzaju; rozwoju; rozwój; rynkowej; rynku; rynków; również; różne; sektora; sektorze; się; skali; skarbowych; skuteczność; spadek; sposób; spowodował; stabilności; stanów; stopy; stosuje; strategie; stóp; surowców; systemu; sytuacji; sławiński; takich; także; tego; tej; teorii; tylko; tym; ubiegłego; uwadze; warszawa; wartości; wcześniej; wieku; wiele; wpływu; wybranych; wydawnictwo; wymiany; wyniku; względu; wzrost; wzrosła; zachowanie; zakup; zatrudnienia; zdaniem; zjawiska; zjednoczonych; zmiany; znacznej; został cache: cjfa-263.pdf plain text: cjfa-263.txt item: #132 of 318 id: cjfa-265 author: Zimnicki, Tomasz title: The evolution of segment reporting standards under IFRS and its determinants date: 2013-03-20 words: 9311 flesch: 55 summary: W aż ni ej sz e ba da ni a em pi ry cz ne d ot yc zą ce s pr aw oz da w cz oś ci w ed łu g se gm en tó w d zi ał al no śc i w r am ac h IF R S T ab el a 1 . do b ad an ia w yb ra no 8 2 je dn os tk i g os po da rc ze ; an al iz ie p od da no s pr aw oz da ni a fi na ns ow e ty ch po dm io tó w , w t ym s pr aw oz da ni a w ed łu g se g- m en tó w d zi ał al no śc i pr zy go to w an e w r am ac h IA S1 4 ce le m b ad an ia b ył a oc en a po ró w na w cz a sp ół ek no to w an yc h i n ie no to w an yc h na A m er yk ań sk ie j G ie łd zi e Pa pi er ów W ar to śc io w yc h w z ak re si e uj aw ni an yc h in fo rm ac ji fi na ns ow yc h or az s to p- ni a sp eł ni en ia w ym og ów na kł ad an yc h pr ze z M ię dz yn ar od ow e St an da rd y Ra ch un ko w oś ci D . keywords: accounting; aktywa; aktywów; analizie; ang; aniżeli; badaniu; badań; braki; branżowych; był; committee; czym; da ni; dla; dodatkowo; dostęp; dostępne; dotycząca; draft; działalności; empirycznych; ewolucja; exposure; fasb; financial; finansowej; foundation; gdy; geograficzne; geograficznych; gospodarczej; gospodarczych; ias14r; iasb; iasc; ifrs8; informacji; information; international; international accounting; issue; istotne; jak; jako; jednostek; jednostki; jedynie; jego; jej; jest; journal; każdego; kinsey; klientów; konwergencji; koszty; krajowej; kryterium; które; którego; których; liczby; lub; meek; międzynarodowych; mssf; nad; nakładów; należy; nazwą; nichols; nim; nowy; obowiązywać; obszarach; obszary; obszarów; ocena; ogólne; okresów; oni; operacyjne; operating; opracowanie; oraz; pacter; par; pod; poddały; podejście; podkreślić; podmiotów; podstawie; poprzednik; prac; prather; proces; przemysłowych; przez; przychody; przyczyniło; przypadku; publikacja; ra w; rachunkowości; ramach; reporting; roku; rozpoczęcia; również; schemat; segmentach; segmenty; segmentów; segmentów działalności; segmentów sprawozdawczych; się; skwp; sposób; sprawozdania; sprawozdawczości; sprawozdawczości finansowej; sprawozdawczości według; standard; standardach; standardzie; stanowią; stosunku; street; stwierdzili; stycznia; szczegółowej; także; tam; tego; temat; tomasz; towarów; trzeba; tych; tylko; tym; tó w; ujawniane; ujawnianych; ujawnienia; ujawnić; usług; uwagę; uznano; vol; w ar; w cz; w ni; w ramach; wady; wadę; warszawa; według; według segmentów; wprowadzenie; wszystkich; wymagane; wymaganych; wymogami; wymogów; wyniki; wyodrębnić; wytyczne; własne; yc h; zakresie; zakresu; zaprezentowano; zasadności; zbyt; zewnętrznych; zgodnie; zimnicki; zmiany; zostaną; został; związku; że w cache: cjfa-265.pdf plain text: cjfa-265.txt item: #133 of 318 id: cjfa-266 author: Żołądkiewicz, Agnieszka title: Funding the development of micro enterprises in rural areas from PROW 2007–2013 – results date: 2013-03-20 words: 3571 flesch: 56 summary: Do 31 października 2012 r. zawarto 9365 umów na kwotę 1 683 505 519,79 mld zł, przy czym ARiMR wypłaciła na dany dzień dla beneficjentów kwotę w wysokości 693 998 014,49 zł. Tabela 3. Podstawowe informacje dotyczące Działania 312 „Tworzenie i rozwój mikroprzedsiębiorstw” Województwo Liczba złożonych wniosków Wnioskowana kwota pomocy w zł Liczba zawartych umów Kwota zawartych umów Zrealizowane płatności Dolnośląskie 1 298 248 177 155,93 269 44 384 872,00 14 850 792,00 Kujawsko-pomorskie 1 525 289 479 983,46 392 71 753 271,00 21 618 401,50 Lubelskie 2 002 376 361 917,18 741 125 778 517,50 55 051 678,96 Lubuskie 765 153 142 031,83 236 43 379 881,50 17 438 828,57 Łódzkie 1 482 281 234 159,72 370 63 349 657,00 28 665 353,50 Małopolskie 2 544 446 791 571,12 971 163 718 518,85 66 945 169,35 Mazowieckie 3 332 688 603 164,53 946 173 013 717,50 67 274 831,79 Opolskie 910 162 742 221,26 317 52 266 648,50 13 782 078,00 6 I nabór od 5 maja do 18 maja 2009 r., II nabór od 28 czerwca do 9 lipca 2010 r., III nabór od 26 września do 7 października 2011 r. Agnieszka Żołądkiewicz180 Województwo Liczba złożonych wniosków Wnioskowana kwota pomocy w zł Liczba zawartych umów Kwota zawartych umów Zrealizowane płatności Podkarpackie 2 584 458 875 660,71 885 146 564 183,67 71 468 427,92 Podlaskie 996 179 771 592,41 355 58 110 462,99 33 413 492,24 Pomorskie 1 785 351 704 625,19 538 102 629 269,50 31 042 783,00 Śląskie 2 118 391 904 107,46 733 134 671 657,04 68 544 055,50 Świętokrzyskie 1 259 222 416 536,97 455 72 689 539,43 30 676 221,56 Warmińsko-ma- zurskie 1 668 347 480 540,46 457 91 867 120,50 36 963 428,00 Wielkopolskie 5 789 1 231 350 101,76 1 370 279 143 159,01 113 898 692,60 Zachodniopomorskie 1 195 235 453 147,94 330 60 185 043,80 22 363 780,00 Razem 31 252 6 065 488 Na podstawie zebranych informacji w ramach badania ARiMR można stwierdzić, że środki otrzymane z Działania 312 miały bardzo duży wpływ na rozwój wspieranych mikroprzedsiębiorstw. keywords: 2007–2013; 2012; 312; agnieszka; arimr; badania; beneficjentów; bezrobocia; bieżące; celem; dane; dla; dofinansowanie; dostęp; działania; działań; dzięki; enterprises; euro; finansowej; firm; gospodarczej; gospodarki; informacja; jest; już; konkurencyjności; które; kwota; lata; liczba; lub; ludności; micro; miejsc; mieszkańców; mikroprzedsiębiorczości; mikroprzedsiębiorstw; mld; mniej; można; niż; nowych; obszarach; obszarów; opracowanie; oraz; osi; podstawie; pomocy; ponad; pracy; programu; prow; przedsiębiorstwa; przez; płatności; ramach; realizacji; rolnego; rolnictwa; rozwoju; rozwój; rynku; samym; sektora; sprawozdanie; stanowiska; sytuacji; tabela; temat; terenach; tworzenie; tych; tym; tys; umów; utrzymam; wiejskich; wiejskiej; wniosków; wsi; wyniki; wzrost; własne; zatrudnienia; zawartych; zbiorcze; zrealizowane; środków; żołądkiewicz; życia cache: cjfa-266.pdf plain text: cjfa-266.txt item: #134 of 318 id: cjfa-267 author: Dziawgo, Leszek title: Introduction date: 2013-03-20 words: 174 flesch: 55 summary: ści publikowanych opracowań wspierają nas uznane osoby w Radzie Naukowej i Zespole Recenzentów, którym dziękujemy za zaangażowanie w tak ważne dzieło. WproWadzenie Na Uniwersytecie Mikołaja Kopernika w Toruniu podjęto inicjatywę wydawa- nia periodyku naukowego „Copernican Journal of Finance & Accounting”. keywords: finanse; jest; kopernika; nas; naukowego; naukowych; pismo; tak; środowiska cache: cjfa-267.pdf plain text: cjfa-267.txt item: #135 of 318 id: cjfa-268 author: the editor, From title: For authors date: 2013-03-20 words: 394 flesch: 46 summary: W „Copernican Journal of Finance & Accounting” są publikowane artyku- ły w języku polskim oraz w języku angielskim. Redakcja podejmuje decyzję o odrzuceniu, przyjęciu albo odesłaniu publikacji do Autora w celu naniesienia poprawek. keywords: accounting; artykuły; autorów; celu; copernican; dla; finance; jest; journal; oraz; pisma; przez; przyjęcia; publikacji; recenzentów; recenzowania; redakcja; szkolnictwa; tekstu; warunkiem cache: cjfa-268.pdf plain text: cjfa-268.txt item: #136 of 318 id: cjfa-28096 author: ., . title: FOR AUTHORS date: 2019-12-03 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-28096.pdf plain text: cjfa-28096.txt item: #137 of 318 id: cjfa-28097 author: ., . title: EDITORIAL PAGES date: 2019-12-03 words: 728 flesch: 54 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Ewa Miklaszewska, Cracow University of Economics, Poland Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; compostela; copernican; dziawgo; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; journal; poland; poland prof; prof; santiago; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-28097.pdf plain text: cjfa-28097.txt item: #138 of 318 id: cjfa-28098 author: Adnan, ATM; Ahmed, Nisar title: THE TRANSFORMATION OF THE CORPORATE GOVERNANCE MODEL: A LITERATURE REVIEW date: 2019-12-03 words: 15866 flesch: 48 summary: http://dx.doi.org/10.12775/ CJFA.2019.011 atM adnan* BGMEA University of Fashion and Technology (BUFT) nisar ahMed** American International University-Bangladesh (AIUB) the transforMation of the corporate governance Model: a literature review Keywords: corporate governance, corporations, agency theory, ownership structure, board of directors, executive compensation, ownership structure. However, latest and colossal financial failures have transmitted awareness to the subject of decent governance, integrity, faith, and answerabil- ity, intensifying the argument on matters of corporate governance (CG) and the conscience of economic act and simultaneously questioning the pure revenue boosting philosophy (Jamali, Safieddine & Rabbath, 2008). keywords: academicians; academy; accounting; acquisition; actions; adnan; agency; american; analysis; analyst; aoki; argument; aspects; assets; associated; association; atm; audit; behavior; blair; board; bod; broader; business; cadbury; capital; case; ceo; cg framework; changes; chief; company; compensation; composition; comprehensive; concentrated; concept; conf; considerable; contemporary; context; control; controlling; corporate control; corporate finance; corporate governance; corporate performance; corporations; costs; debt; decision; definition; determinants; different; directors; dividend; earnings; economics; economy; effective; empirical; entity; equity; ethics; european; evidence; executive; existence; external; factors; fama; finance; financial; findings; firm; framework; fundamental; germany; gillan; global; governance model; hermalin; hostile; http://dx.doi; important; increase; inf; information; instance; institutional; interest; internal; international; investment; investors; issue; jackson; japan; jensen; journal; large; law; legal; level; lict; literature; long; luence; management; managerial; managers; market; maximization; mcconnell; measures; mechanism; media; members; model; movement; new; nisar; non; number; organization; orientation; outside; ownership; oxford; paper; participants; perception; performance; perspective; policy; political; positive; power; practical; practice; press; problem; prominent; public; relationship; researchers; review; role; shareholders; shift; shleifer; significant; social; specific; stakeholder; starks; stock; strategy; structure; studies; study; supervision; system; takeover; theoretical; theory; transformation; turnover; university; usa; value; vishny; wealth; weisbach cache: cjfa-28098.pdf plain text: cjfa-28098.txt item: #139 of 318 id: cjfa-28099 author: Khunkaew, Rojana; Qingxiang, Yang title: THE CHARACTERISTICS OF TOP MANAGMENT AND FIRM’S EARNINGS MANAGEMENT: THE EVIDENCE FORM THAILAND date: 2019-12-03 words: 13308 flesch: 56 summary: firm i in year t, ���� is the total assets at the end of firm i year t-1, ��� is the change of sale firm i in year t The equation above is used to estimate the non-discretionary accruals (NDA) or the normal accruals (NA) below: ������ = �� ������� � �� ������������ ������ � �� ������ ������ � ��� (2) Where ������ is the normal accruals, ���� is the total assets at the end of firm i year t- 1, ��� is the change of sale firm i in year t keywords: ab_cfo; ab_prod; abnormal; accounting; accruals; activities; aem; assets; association; average; business; cash; ceo; change; characteristics; cohen; cost; cpa; data; discretionary; earnings; earnings management; education; evidence; executive; expense; female; financial; firm; flow; follow; gender; growth; industry; jones; journal; level; lower; management; management team; master; mean; median; members; minus; model; negative; older; operation; percentage; performance; positive; possessing; prior; production; proficiency; property; qingxiang60 �; quality; real; rem; research; result; reveal; sales; sample; size; study; t-1; table; team; tenure; tmt; tmt characteristics; tmt tenure; total; value; variables; year; year t cache: cjfa-28099.pdf plain text: cjfa-28099.txt item: #140 of 318 id: cjfa-28100 author: Nageri, Kamaldeen Ibraheem title: EVALUATING VOLTALITY PERSISTENCE OF STOCK RETURTN IN THE PRE AND POST 2008-2009 FINANCIAL MELTDOWN date: 2019-12-03 words: 15218 flesch: 55 summary: The student’s-t distribution; �(�) = �� ��� � ] ������](�� �� � ) ��� � (13) (13) v is the degree of freedom (v > 2), if v tend to ∞, the student-t distribution con- verges to the Gaussian distribution with kurtosis of � is the degree of freedom (� � �), if � tend to ∞, the student-t distribution converges to the Gaussian distribution with kurtosis of � = ��� � �� � � for all � � �. The P-values of 0.0000 under the ADF and Phillip-Perron test statistics indicates that the null hypothesis should be re- + 3 for all v > 4. The Generalised Error Distribution (GED) distribution; � is the degree of freedom (� � �), if � tend to ∞, the student-t distribution converges to the Gaussian distribution with kurtosis of � = ��� � �� � � for all � � �. keywords: actual; average; clustering; conditional; constant; current; current return; distribution; effect; error; excess return; exchange; expected; garch; half; high; index return; information; life; low; magnitude; market; mean return; meltdown; model; nigerian; normal; past; period; period return; persistence; previous; previous return; price; residual; result; return equation; return series; return variance; return �; reverting; security; set; share; squared; statistics; stock; stock return; t. �; table; term; test; time �; value; volatility; volatility persistence; | � cache: cjfa-28100.pdf plain text: cjfa-28100.txt item: #141 of 318 id: cjfa-28101 author: Oke, Lukman Adebayo; Saheed, Daud Omotosho; Quadri, Yusuf Olamilekan title: AN EMPIRICAL ANALYSIS OF CORPORATE CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED CONGLOMERATES IN NIGERIA date: 2019-12-03 words: 8252 flesch: 52 summary: Abstract: The relationship between capital structure and firms’ financial performance has attracted the attention of many researchers both locally and globally. Against this backdrop, the study investi- gated the impact of capital structure on the financial performance of listed conglome- rates in Nigerian using descriptive statistics, pairwise correlation and panel data re- gression technique to analyze the secondary data extracted from the annual reports and accounts of the six (6) selected conglomerates for the period 2008 to 2017. keywords: accounting; agency; analysis; assets; assets ratio; business; capital; capital structure; coefficient; companies; conglomerates; corporate; corporate capital; cost; data; daud; debt; determinants; deviation; economics; effect; efficiency; empirical; equity; estimation; evidence; exchange; finance; financial; findings; firm; firm performance; growth; impact; interest; international; journal; level; leverage; long; market; mean; miller; model; modigliani; negative; nigeria; oke; panel; performance; positive; ratio; relationship; research; return; roa; saheed; short; significant; size; standard; stock; structure; studies; study; t =; table; tax; term; term debt; theoretical; theory; total; total assets; total debt; university; value; variables; work; year; year t; yusuf cache: cjfa-28101.pdf plain text: cjfa-28101.txt item: #142 of 318 id: cjfa-30358 author: ., . title: FOR AUTHORS date: 2020-06-04 words: 1169 flesch: 28 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-30358.pdf plain text: cjfa-30358.txt item: #143 of 318 id: cjfa-30359 author: ., . title: EDITORIAL PAGES date: 2020-06-04 words: 831 flesch: 49 summary: Józef Stawicki list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Andrzej Buszko, University of Warmia and Mazury in Olsztyn, Poland Prof. José Raúl Canay-Pazos, Universidade de Santiago de Compostela, Spain Prof. Nicola Giuseppe Castellano, University of Macerata, Italy Prof. Andrzej Cwynar, University of Economics and Innovation, Poland Prof. Catherine Deffains-Crapsky, Université d’Angers, France Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Ewa Miklaszewska, Cracow University of Economics, Poland Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Maciej Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland Prof. Monika Marcinkowska, University of Lodz, Poland Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany S t a t keywords: accounting; compostela; copernican; cracow; dziawgo; e n; economics; editor; finance; germany; hab; hochschule; ingolstadt; issn; journal; kuzioła; national; poland; poland prof; portugal; prof; santiago; school; spain; spain prof; toruń; umk; universidad; university; warsaw cache: cjfa-30359.pdf plain text: cjfa-30359.txt item: #144 of 318 id: cjfa-30360 author: Adegbite, Tajudeen Adejare; Bojuwon, Mustapha; Adegbite, Adenike Foluke title: THE IMPACT OF ICT ON TAXATION: EVIDENCE FROM OYO STATE date: 2020-06-04 words: 6938 flesch: 45 summary: Tax revenue can only be achieved through tax authority, SBIR and FIRS for the state (SG) and federal government (FG) respectively. By benefit of adopting ICT, tax revenue has recorded a stupendous achieve- ments. keywords: acceptance; access; accounting; activities; adegbite; adenike; administration; analysis; assessment; authorities; authority; bojuwon; business; chi; collection; communication; compliance; computer; costs; country; data; descriptive; development; digital; disagree; economic; effective; efficiency; evidence; generation; good; governance; government; ict; impact; income; increases; information; journal; liability; luence; management; manova; mustapha; nigeria; online; operational; organizations; overhead; oyo; oyo state; performance; practices; processing; productivity; project; questionnaire; reduction; research; respondents; return; revenue; service; significant; square; staff; state; study; sure; system; table; tajudeen; tax; tax administration; tax collection; tax compliance; tax revenue; taxation; taxpayers; technology; test; theory; university; usage; value; variance cache: cjfa-30360.pdf plain text: cjfa-30360.txt item: #145 of 318 id: cjfa-30361 author: Aggarwal, Ansita; Acharya, Satya Ranjan title: CHOOSING EQUITY AS A SOURCE OF FINANCE: PERCEPTION OF SME PROMOTERS date: 2020-06-04 words: 6228 flesch: 61 summary: Small finance banks: Challenges. Presently, the gap can be seen between the demand side and supply side of bank loans as it can be seen that there is an exceptionally high growth rate of SMEs in India (Maiti, 2018). keywords: aggarwal; agro; analysis; ansita; assets; avenues; bank; beck; capital; collateral; companies; company; cost; development; document; enterprises; equity; factors; finance; financial; financing; firms; gap; growth; high; india; information; interest; issue; journal; kumar; lack; literature; loan; ltd; market; msme; needs; offer; owners; perception; phase; promoters; ramcharran; ranjan; rao; ratio; reasons; requirement; research; review; sarkar; satya; small; smes; source; sprayking; study; table; thampy cache: cjfa-30361.pdf plain text: cjfa-30361.txt item: #146 of 318 id: cjfa-30364 author: Aifuwa, Hope Osayantin; Saidu, Musa; Enehizena, Osaruese Cynthia; Osazevbaru, Albert title: ACCOUNTING INFORMATION AND LENDING DECISION: DOES SUSTAINABILITY DISCLOSURE MATTER? date: 2020-06-04 words: 10154 flesch: 49 summary: In Nigeria, the banking industry, the use of accounting information in bank lending decisions is an issue of concern to stakeholders, owing to previous bank scandals which in- volved chief executive officers of major banks in the 2000’s (Emeni, 2014). 5C’s of creditworthiness of borrowers, re- searchers have suggested various determinants of bank lending decisions. keywords: accounting; accounting information; aifuwa; albert; analysis; bank lending; banks; benin; bld; board; borrowers; borrowing; business; cash; characteristics; collateral; commercial; commercial banks; companies; company; corporate; corporate sustainability; correlation; countries; credit; csd; current; data; deposit; disclosure; economic; economy; effect; eke; embele; emeni; enehizena; environmental; figure; finance; financial; financial information; financial statement; firms; framework; global; hope; impact; inferential; information; international; journal; kurtosis; lending; lending decisions; level; literature; loan; making; management; mean; model; monetary; money; musa; mvc; nigeria; non; normality; ordinary; osaruese; performance; pfl; profit; profitability; quality; regression; relationship; reporting; reports; research; result; risk; saidu; security; series; significant; skewness; social; stakeholders; standard; statement; statistic; study; sustainability; sustainability accounting; sustainability disclosure; table; test; theory; total; university; use; value; variables; volume cache: cjfa-30364.pdf plain text: cjfa-30364.txt item: #147 of 318 id: cjfa-30366 author: Bag, Dinabandhu title: INFORMATION CONTENT OF STOCKS IN CALL AUCTION OF SHORTER DURATION IN EMERGING MARKET date: 2020-06-04 words: 9676 flesch: 68 summary: Information content of stocks in call auction of shorter duration in emerging mar- ket. This paper explores the shi- fts in information content of the pre-market auction session over time. keywords: arrival; auction; author; ay -1; bad; buckets; buy; content; data; day; days; duration; easley; equal; exchange; finance; good; il13; imbalance; impact; information; information content; informed; journal; m ay; market; model; news; normal; nse; number; opening; order; p13; pre; price; probability; r13; rate; regional; rvol; sample; sell; spin; stocks; t13; table; time; total; trade; trading; ug -1; volatility; volume; vpin; 𝑅 �; 𝑆𝑆 �; 𝑝 𝑆𝑆 cache: cjfa-30366.pdf plain text: cjfa-30366.txt item: #148 of 318 id: cjfa-30367 author: Desai, Jay; Desai, Rajesh title: CAPITAL STRUCTURE AS DETERMINANT OF FINANCIAL PERFORMANCE: REVIEW OF LITERATURE date: 2020-06-04 words: 5355 flesch: 54 summary: org/10.12775/CJFA.2019.021 jay desai* Gujarat University rajesh desai** Chimanbhai Patel Institute capital structure as deterMinant of financial perforMance: review of literature Keywords: capital structure, financial performance, conceptual model, literature re- view. Capital structure as determinant of financial performance: re- view of literature. keywords: abor; accounting; ahmad; asset; business; capital; capital structure; chowdhury; companies; corporate; cost; debt; desai; effect; empirical; eps; equity; evidence; finance; financial; financial performance; firm; growth; impact; india; indicators; interest; international; journal; karunaiathal; literature; long; management; market; measures; model; negative; performance; positive; profitability; ratio; relation; relationship; research; return; review; roa; roe; salim; share; short; size; structure; studies; study; table; term; value; variables; vijaykumar; yadav cache: cjfa-30367.pdf plain text: cjfa-30367.txt item: #149 of 318 id: cjfa-30368 author: Aggarwal, Ansita; Acharya, Satya Ranjan title: IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS date: 2020-06-04 words: 5249 flesch: 61 summary: Till 2012 the small firms were not able to take advantage of equity firms as they were not allowed to enter the equity market. Tax Rate has a nega- tive effect on the leverage of Indian firms (Handoo & Sharma, 2014). keywords: able; analysis; assets; capital; cassar; change; companies; debt; decision; effect; equity; finance; financial; financing; firms; fixed; food; growth; handoo; holmes; huang; impact; independent; india; industry; leverage; making; market; medium; mishra; negative; opportunities; positive; prices; profitability; rate; regression; relationship; research; sector; sharma; sized; small; smes; stock; strong; structure; study; tax; total; variables cache: cjfa-30368.pdf plain text: cjfa-30368.txt item: #150 of 318 id: cjfa-30369 author: Kaur, Mandeep; Gupta, Kapil title: ESTIMATING HEDGING EFFECTIVENESS USING VARIANCE REDUCTION AND RISK-RETURN APPROACHES: EVIDENCE FROM NATIONAL STOCK EXCHANGE OF INDIA date: 2020-06-04 words: 10707 flesch: 54 summary: Equation (1) ex- plains the procedure suggested by Ederington (1979), which works efficiently when futures market returns are unbiased predictor of cash market returns. In equation (1), Rs,t is cash market returns, Rf,t is futures market returns, αo is in- tercept term and εt is error term as detailed below: keywords: approach; banknifty; cash; cash market; coefficient; component; conditional; constant; crisis; deviation; d’antonio; ederington; effectiveness; equation; estimation; financial; framework; futures; futures market; futures returns; garch; hedge; hedge ratio; hedged portfolio; hedging; hedging effectiveness; howard; index; journal; market; market returns; model; naïve; niftyit; ols; optimal; optimal hedge; order; period; portfolio; post; pre; ratios; reduction; returns; risk; series; standard; stock; study; table; term; time; understudy; unhedged; var; variance; vecm; volatility cache: cjfa-30369.pdf plain text: cjfa-30369.txt item: #151 of 318 id: cjfa-30370 author: Miceikienė, Astrida; Rimkuvienė, Daiva; Gesevičienė, Kristina title: ASSESSMENT OF THE ENVIRONMENTAL POLLUTION DETERMINANTS IN THE ECONOMY SECTORS OF LITHUANIA date: 2020-06-04 words: 4777 flesch: 47 summary: The relationship between GDP and GHG emissions is significant for certain economic activities only.   Nonetheless, the level of GHG emissions continues to be fairly high in Lithuania (figure 1). keywords: activities; activity; agreement; agriculture; analysis; assessment; case; change; climate; co2; correlation; countries; country; determinants; economic; effect; emissions; energy; environmental; environmental pollution; gas; gdp; ghg; ghg emissions; global; growth; indicators; individual; information; investments; key; lithuania; management; miceikienė; paris; period; policy; pollution; present; relationship; remediation; research; rimkuvienė; sectors; sewerage; share; supply; taxes; total; transportation; waste; water; čiulevičienė cache: cjfa-30370.pdf plain text: cjfa-30370.txt item: #152 of 318 id: cjfa-30371 author: Shifa, Muktar Abdela; Debela, Kenenisa Lemmi; Tarfa, Endalew Gutu title: DETERMINANTS OF THE PROFITABILITY OF COMMERCIAL BANKS IN ETHIOPIA date: 2020-06-04 words: 5379 flesch: 53 summary: org/10.12775/CJFA.2019.024 Muktar abdela shifa* Ethiopian Telecommunication Corporation kenenisa leMMi debela** Jimma University endalew gutu tarfa*** Jimma University deterMinants of the profitability of coMMercial banks in ethiopia Keywords: health, profitability, determinants, commercial banks, pooled OLS, Ethiopia. Profitability is the prima- ry objective of any business including commercial banks. keywords: abdela; asset; aversion; bank profitability; banking; banks; bmix; business; capital; capta; commercial; commercial banks; competition; concentration; data; debela; determinants; economic; effect; efficiency; ethiopia; finance; financial; gdp; general; growth; hhi_ta; impact; income; index; journal; kenenisa; lemmi; liquidity; loan; loandep; management; mix; muktar; objective; operating; ownership; percent; performance; pooled; profitability; ratio; regression; relationship; research; return; risk; roa; sector; shifa; significant; size; study; table; total; university; variables; years cache: cjfa-30371.pdf plain text: cjfa-30371.txt item: #153 of 318 id: cjfa-30879 author: ., . title: FOR AUTHORS date: 2020-07-30 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-30879.pdf plain text: cjfa-30879.txt item: #154 of 318 id: cjfa-30880 author: ., . title: EDITORIAL PAGES date: 2020-07-30 words: 760 flesch: 52 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Hope Osayantin Aifuwa Sustainability reporting and firm performance in developing climes: A review of literature ............................................................................................................ Damian Walczak, mgr Anna Olewnik-Dejewska sCiEntifiC CounCil Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: accounting; copernican; dr hab; dziawgo; economics; editor; finance; financial; germany; hab; innovation; issn; italy; journal; macerata; national; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-30880.pdf plain text: cjfa-30880.txt item: #155 of 318 id: cjfa-30898 author: Aifuwa, Hope Osayantin title: SUSTAINABILITY REPORTING AND FIRM PERFORMANCE IN DEVELOPING CLIMES: A REVIEW OF LITERATURE date: 2020-07-31 words: 7759 flesch: 44 summary: Impact of sustainability performance of company on its financial performance. Sustainability reporting and firm performance in developing climes: A re- view of literature. keywords: accounting; activities; analysis; approach; business; climes; companies; company; concept; content; corporate; corporate performance; corporate sustainability; countries; definition; developed; development; dimensions; disclosure; economic; effect; environmental; environmental reporting; evidence; finance; financial; financial performance; findings; firm performance; firms; framework; global; goals; gri; growth; hope; impact; inconclusive; index; initiative; international; issues; johari; journal; komathy; level; literature; low; management; market; measures; nexus; nigeria; non; organization; osayantin; percent; performance; positive; practices; quality; relationship; reporting; reports; research; responsibility; result; review; roa; sector; significant; size; social; stakeholders; standards; studies; study; subsections; sustainability; sustainability disclosure; sustainability issues; sustainability reporting; sustainable; value; willis cache: cjfa-30898.pdf plain text: cjfa-30898.txt item: #156 of 318 id: cjfa-30900 author: Huda, S. S. M. Sadrul; Kabir, MD. Humayun; Popy, Nurun Naher; Saha, Sunny title: INNOVATION IN FINANCIAL SERVICES: THE CASE OF BANGLADESH date: 2020-07-31 words: 8309 flesch: 53 summary: Humayun Kabir** East West University nurun naHer popy*** East West University sunny saHa**** East West University innovation in financial services: tHe case of bangladesH Keywords: financial innovation, financial technology (fintech), mobile financial servi- ces, financial inclusion, digital financial services. As per the situation, a range of financial innovation is present, and those lead to some questions – What are the driving factors for financial innovations in vari- ous countries? keywords: access; account; adults; agent; agent banking; application; asia; australia; bangladesh; bangladesh bank; bank; banking; bill; branch; business; card; case; cash; china; comparative; cost; country; credit; customers; data; developed; development; digital; east; economy; etc; february; figure; finance; financial; financial inclusion; financial innovation; financial products; financial services; global; growth; huda; humayun; inclusion; information; innovation; institutions; internet; internet banking; journal; kabir; kingdom; loan; market; mfs; mobile; mobile banking; mobile financial; model; money; naher; new; nurun; ownership; paper; payment; people; percentage; phone; picture; popy; products; provider; risks; services; south; statement; states; strona; study; sunny; system; technology; time; transaction; transfer; united; university; utility; wallet; west; world; years cache: cjfa-30900.pdf plain text: cjfa-30900.txt item: #157 of 318 id: cjfa-30901 author: Subair, Muhammed Lawal; Salman, Ramat Titlayo; Abolarin, Ayodeji Fatai; Abdullahi, Abdulrasheed Taiwo; Othman, Akeem Sisofa title: BOARD CHARACTERISTICS AND THE LIKELIHOOD OF FINANCIAL STATEMENT FRAUD date: 2020-07-31 words: 6558 flesch: 51 summary: First, there exist inconsistent findings on the nexus between, board independ- ence and the likelihood of financial statement fraud; board expertise and the likelihood of financial statement frauds. The findings reveal that the odd ratio of board independence, board expertise and board diligence negatively and significantly reduce the log odds of financial statement fraud in manufacturing firms in Nigeria. keywords: abdullahi; abolarin; accounting; agency; aifuwa; albrecht; analysis; anichebe; audit; beneish; binary; board; board characteristics; board diligence; board independence; business; characteristics; companies; control; corporate; data; dependent; detection; diligence; directors; embele; empirical; evidence; expertise; finance; financial; financial fraud; financial statement; findings; firms; fraud; fraud likelihood; fraudulent; governance; ilorin; impact; independence; information; international; journal; kwara; likelihood; listed; literature; management; manufacturing; meetings; misstatement; model; monitoring; nexus; nigeria; non; organization; performance; polytechnic; principal; public; quality; regression; relationship; reporting; research; result; saidu; salman; score; significant; size; statement fraud; statements; statistics; study; subair; test; theory; variables cache: cjfa-30901.pdf plain text: cjfa-30901.txt item: #158 of 318 id: cjfa-30902 author: Zouari, Ghazi; Abdelmalek, Imen title: FINANCIAL INNOVATION, RISK MANAGEMENT, AND BANK PERFORMANCE date: 2020-07-31 words: 10426 flesch: 54 summary: At the detailed level, the im- pact of risk management on bank performance shows a positive relationship between financial risk management and bank performance. Moreover, the research in the banking sector is usually interested in financial risk even though the operational risk is becoming relevant in an uncertain environment. keywords: accounting; analysis; assetit; bank; bank performance; banking; banque; baron; business; capital; car; commercial; conditions; control; credit; credit risk; crw; data; direct; economics; effect; empirical; evidence; finance; financial; financial innovation; financial performance; financial risk; findings; fininn; following; ghazi; governance; https://dx.doi; hypothesis; imen; impact; independent; inf; innovation; international; journal; kenny; mabrouk; market; mediator; models; mtb; new; non; operational; operational risk; order; orw; performance; positive; process; profitability; random; ratio; regression; relationship; research; results; review; risk; risk management; roa; roe; role; second; shareholders; significant; studies; study; test; testing; total; tunisian; value; variable; zouari; 𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹; 𝐻𝐻𝐻𝐻; 𝑅𝑅𝑅𝑅; 𝑍𝑍 � cache: cjfa-30902.pdf plain text: cjfa-30902.txt item: #159 of 318 id: cjfa-30905 author: ., . title: EDITORIAL PAGES date: 2020-07-31 words: 763 flesch: 53 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Hedi Baazaoui For a new method of calculating the disclosure index ................................................... Damian Walczak, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: accounting; copernican; dziawgo; economics; economy; finance; gagarina; germany; hab; issn; italy; journal; macerata; national; phone; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-30905.pdf plain text: cjfa-30905.txt item: #160 of 318 id: cjfa-30906 author: ., . title: FOR AUTHORS date: 2020-07-31 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-30906.pdf plain text: cjfa-30906.txt item: #161 of 318 id: cjfa-30908 author: Baazaoui, Hedi title: FOR A NEW METHOD OF CALCULATING THE DISCLOSURE INDEX date: 2020-07-31 words: 5781 flesch: 47 summary: The inf luence of environmental factors on the quality and content of information disclosure has been defended by the theory of environmental de- terminism. Environmental factors are advanced in the literature as major determi- nants of information disclosure, regardless of its nature, quantity and quality. keywords: accounting; adoption; advances; application; baazaoui; canadian; categories; category; change; characteristics; companies; company; content; countries; country; disclosure; disclosure index; economic; elementary; financial; firms; foreign; french; high; ias; ifrs; index; indices; information; interest; international; international accounting; items; journal; mandatory; mandatory disclosure; market; measurement; method; nature; new; number; overall; public; quality; regulations; reporting; research; sample; score; social; standards; statements; studies; study; test; total; variables; voluntary; voluntary disclosure cache: cjfa-30908.pdf plain text: cjfa-30908.txt item: #162 of 318 id: cjfa-30909 author: Hamid, Ishfaq; Jena, Pabitra Kumar title: LINEAR AND NON-LINEAR GRANGER CASUALITY BETWEEN FOREIGN DIRECT INVESTMENT AND ECONOMIC GROWTH: EVIDENCE FROM INDIA date: 2020-07-31 words: 12107 flesch: 61 summary: After that if the series are co-integrated, we apply the causality test of (Engle & Granger,1987) based on VECM, which is the best approach to find out the short and long-run associations, based on the subsequent forms: ∆ log(GDP)� = 𝛽𝛽�,�+ � 𝛽𝛽��, j ��� ��� ∆log(GDP)��� + � 𝛽𝛽��, j ��� ��� ∆log(FDI)��� + δ1EC��� + μ�� (4) ∆log(FDI)� = 𝛽𝛽�,�+ � 𝛽𝛽��, j ��� ��� ∆log(FDI)��� + � 𝛽𝛽��, j ��� ��� ∆log(GDP)��� + δ2EC��� + μ�� (5) After that if the series are co-integrated, we apply the causality test of (Engle & Granger,1987) based on VECM, which is the best approach to find out the short and long-run associations, based on the subsequent forms: ∆ log(GDP)� = 𝛽𝛽�,�+ � 𝛽𝛽��, j ��� ��� ∆log(GDP)��� + � 𝛽𝛽��, j ��� ��� ∆log(FDI)��� + δ1EC��� + μ�� (4) ∆log(FDI)� = 𝛽𝛽�,�+ � 𝛽𝛽��, j ��� ��� ∆log(FDI)��� + � 𝛽𝛽��, j ��� ��� ∆log(GDP)��� + δ2EC��� + μ�� (5) keywords: analysis; applied; approach; association; capita; causality; causality test; coefficient; cointegration; countries; density; development; direct; economic; economic growth; economy; effect; empirical; equation; evidence; factors; fdi; findings; foreign; gdp; granger; granger causality; growth; hypothesis; impact; independent; india; inf; investment; johansen; journal; kumar; lag; linear; long; lows; model; nations; non; order; period; policy; probability; relation; root; run; series; short; stationary; statistics; studies; study; t �; test; that(𝐻𝐻 �; time; trade; unit; variables; vecm; vector; world; � y; � �; 𝐻𝐻 �; 𝑁𝑁(0,1; 𝑋𝑋 �; 𝑦𝑦 �; 𝗅𝗅 �; 𝜇𝜇 � cache: cjfa-30909.pdf plain text: cjfa-30909.txt item: #163 of 318 id: cjfa-30910 author: Sanni, Mubaraq; Oke, Lukman Adebayo; Alayande, Idayat Titilayo title: BANK CREDIT ACCESSIBILITY AND PERFORMANCE OF SMES IN KWARA STATE, NIGERIA: A PLS-SEM ANALYSIS date: 2020-07-31 words: 6104 flesch: 52 summary: Mubaraq Sanni, Lukman Adebayo Oke, Idayat Titilayo Alayande60 Discussion of findings From the empirical analysis and hypotheses tested about, the results revealed that the independent variable proxy with access to bank credit and credit relat- ed charges exact significant positive effect on SMEs performance. Abstract: This study examines the effect deposit money banks credit accessibility on SMEs performance in Kwara State, Nigeria. keywords: access; accessibility; adebayo; analysis; authors; bank credit; banks; business; charges; commercial; computation; credit; credit accessibility; data; deposit; development; dmbs; economic; economy; effect; enterprises; finance; financial; financing; findings; firm; funds; growth; hassan; hypotheses; idayat; impact; interest; international; journal; kwara; kwara state; lending; lukman; management; medium; medium enterprises; model; money; mubaraq; nigeria; oke; performance; positive; rate; relationship; research; respondents; result; role; sanni; scale; sector; significant; small; smes; smes performance; square; state; studies; study; table; titilayo; ubesie; university; validity; value; variables; world cache: cjfa-30910.pdf plain text: cjfa-30910.txt item: #164 of 318 id: cjfa-3232 author: ., . title: Introduction date: 2013-12-01 words: 212 flesch: 46 summary: In this way a passion for scientific work finds new possibilities of coopera- tion. The Journal serves for the development of the science of Finance as a forum of presentations and analyses of scientific working papers in the scope of finance and accoun- ting in the international dimension. keywords: finance; journal; science; scientific cache: cjfa-3232.pdf plain text: cjfa-3232.txt item: #165 of 318 id: cjfa-3233 author: Adamiak, Stanisław; Chojnacka, Ewa; Walczak, Damian title: Social Security in Poland – cultural, historical and economical issues date: 2013-12-01 words: 6286 flesch: 43 summary: social security in poland 15 The doctrine of ‘needless goods’ was proclaimed by eminent theologians, including the most famous one, St. Thomas Aquinas (1225–1274) (Summa The- ologiae, IIa–IIae, q. 66, a. 7, sc), however, no major efforts were made to imple- ment the doctrine since it was difficult to define precisely what ‘excess goods’ were (Strzeszewski 1960). social security in poland 19 hand, however, an individual constitutes a goal and, therefore, has the right, within reasonable limits, to take care of his/her own good (e.g., pension depen- dent of the value of the assets saved by an individual). keywords: 2009–2013; act; activities; adamiak; age; amendments; assistance; benefits; care; catholic; catholic social; century; chojnacka; christian; church; citizens; common; contributions; country; cultural; current; damian; development; disabled; economic; elements; ewa; expenditure; family; farmers; financial; following; fund; gdp; goods; groups; health; independence; instance; insurance; item; journal; justice; later; laws; legal; method; need; new; obligations; old; paper; pension; people; period; persons; pln; poland; polish; political; polsce; poor; possessions; principle; property; regulations; rehabilitation; right; scope; security; security system; services; situation; social; social insurance; social security; social teaching; society; solidarism; spending; społeczne; stanisław; state; support; system; teaching; virtue; welfare; years cache: cjfa-3233.pdf plain text: cjfa-3233.txt item: #166 of 318 id: cjfa-3234 author: Buszko, Michał title: Swiss franc mortgage loans – a threat or source of benefits to borrowers? date: 2013-12-01 words: 6720 flesch: 60 summary: 118,7 98,1 165,6 19,5 8,2 10,0 0,4 Wartość portfela kredytów w CHF (mld zł) b.d. b.d. b.d. Oceniając opłacalność finansowania zakupu mieszkań w walucie obcej, należy wskazać również na sytuację ponoszenia wyższych wydatków w stosunku do kredytów w polskim złotym. keywords: 2013; banki; bankowego; bankowym; banków; borrowers; buszko; być; była; były; będzie; całym; chf; chociaż; chwili; czy; dla; droższe; dysparytet; długu; ekspozycji; finansowania; finansowego; finansowym; franc; frankowe; frankowych; franku; grudnia; istotnie; jak; jednocześnie; jedynie; jest; komisji; koniec; korzyści; kredytobiorców; kredytowania; kredytowej; kredyty; kredyty mieszkaniowe; kredyty w; kredytów; kredytów mieszkaniowych; kredytów walutowych; kursowego; kursu; kwietnia; kwotę; latach; letnich; letnie; letniego; libor; lipca; listopada; loans; ltv; lub; maksimum; marcu; michał; mieszkaniowe; mieszkaniowych; minimum; międzynarodowym; mortgage; może; możliwość; można; nadzoru; najwyższe; nieruchomości; niż; obcej; okresie; okresu; opracowanie; opłacalności; oraz; osoby; oszczędności; października; pln; pod; polsce; polskim; pomimo; pomocą; poniżej; portfela; poziomie; procentowych; przez; przypadku; przypadku kredytów; punktu; płynności; r. oraz; raport; rata; raty; ratę; relatywnie; rozpoczęcia; rynku; rys; ryzyko; również; samym; sektora; sektorze; sierpień; sierpniu; się; skrajnych; spłaty; stosunku; straty; stycznia; stóp; swiss; sytuacji; szczególności; szwajcarskim; także; tle; tym; tys; tytułu; tzn; udział; udzielonych; umowy; urząd; w chf; w pln; w walucie; walucie; walutowe; walutowe kredyty; walutowych; waluty; warszawa; wartości; wartość; warunkach; według; widzenia; więc; września; wszystkich; wyceny; wydatków; wysoki; wysokości; względem; względu; wzrostu; własne; zaciągane; zaciąganych; zadłużenia; zarówno; zmiany; złotowych; średniej; średnią; źródło cache: cjfa-3234.pdf plain text: cjfa-3234.txt item: #167 of 318 id: cjfa-3235 author: Huterski, Robert title: Money illusion – the essence, social and economic costs and ways of their reduction in the light of sustainable development concept date: 2013-12-01 words: 5237 flesch: 42 summary: hiperinflacja w Zimbabwe w czerwcu 2008 r., rzędu 11 mln procent w skali roku). Według Shafira i in. (1997, 367), zaakceptowanie poglądu, że ludzkie decyzje nie zawsze odpowiadają klasycznym kalkulacjom, a w konsekwencji, że ludzie mogą być podatni na iluzję pieniądza, rodzi pogląd, że różne tempa/stopy infla- cji mają normatywne implikacje (w sensie wnioskowania o właściwej reakcji, np. keywords: albo; american; artykułu; badania; badań; baniek; bardziej; brak; być; będzie; błędów; cen; ceny; charakter; cohen; czy; czyli; części; danych; decyzji; deflacji; development; dla; dobra; doi; dostęp; działań; economic; edukacji; efekcie; efekt; efektów; ekonomistów; fehr; finansowych; garcia; gdy; gdyż; gospodarcze; gospodarczych; gospodarki; hipotecznego; http://dx.doi; ich; illusion; iluzji; iluzji pieniądza; inflacji; informacji; inne; innych; instrumentarium; j.-r; jak; jako; jednak; jednostek; jego; jej; jest; jeśli; journal; kategoriami; koncepcji; konsekwencji; kontrahenci; kraju; kredytu; kryzysowych; które; którego; lub; ludzie; lxxv; mają; metody; między; mogą; money; może; możliwości; nabywczej; nad; należy; nawet; negatywne; new; nie; nieruchomości; nim; niż; nominalne; nominalnych; noussair; obcej; obligacji; oczekiwań; oczywiście; ograniczenia; okresach; okresie; oraz; oznacza; paper; pełni; pieniądza; pieniądza jest; pieniężnej; pieniężnych; podejmowania; podlegają; podstawie; poprzez; potencjalnych; powinny; powodu; powyższych; poziomie; prawidłowego; problemu; przedmiotu; przez; przy; przykład; publiczne; publicznych; punktu; płac; racjonalności; racjonalnych; raghubir; ramach; rational; reakcji; realne; realnych; realnymi; redukcji; relacji; research; review; rezultacie; rixtel; robert; rozwiązania; rozwoju; rynku; również; równowagi; równy; sam; shafir; się; się w; siły; skutki; skutków; spekulacyjnych; społeczeństwie; społeczno; srivastava; stabilności; strat; sustainable; swej; systemu; sytuacji; szoki; takich; także; tego; teorii; też; thaler; transakcji; tych; tylko; tym; tyran; uczestników; ujęciu; uwagę; van; vol; waluty; wartości; według; widzenia; wiedza; wielu; wiąże; wpływ; wskazują; wykorzystania; występowania; wyłącznie; wyżej; względem; względu; władze; wśród; york; zakresu; zarówno; zatem; zdaniem; zjawiska; zmianom; zmiany; znacznie; zrównoważonego; zwłaszcza; świetle cache: cjfa-3235.pdf plain text: cjfa-3235.txt item: #168 of 318 id: cjfa-3236 author: Kisiel, Michał title: Funding sources in mobile payments systems date: 2013-12-01 words: 4143 flesch: 41 summary: Innowacyjne systemy płatności mogą korzystać z istniejącej infrastruktury rozliczeń międzybankowych, rozliczeń kartowych i innych narzędzi pozo- stających pod kontrolą podmiotów z sektora finansowego podlegających licencjonowaniu. Ondrus J., Pigneur Y. (2006), Towards a holistic analysis of mobile payments: a multiple perspectives approach, “Electronic Commerce Research and Applications”, vol. 3, no. 3, Autumn, 246–257, http://dx.doi.org/10.1016/j.elerap.2005.09.003 Polasik M., Maciejewski K. (2009), Innowacyjne usługi płatnicze w keywords: akceptacji; akceptantów; ale; analizie; badań; bankowym; bezgotówkowego; business; być; będą; charakter; closed; commerce; czyli; część; dane; dcb; dla; dokonanie; dostęp; dostępne; działających; electronic; finansowania; finansowego; funkcję; gdzie; hayashi; informacji; infrastruktury; innych; instrumentów; jako; jednak; jednym; jego; jest; journal; kartowego; kartowych; karty; kilku; klasyfikacji; komórkowy; koszty; krajach; które; których; loop; lub; m.in; mechanizmy; michał; międzybankowych; mobile; mobilnego; mobilnych; model; mogą; może; można; najczęściej; nfc; nie; obciążenie; odbywa; ondrus; oparte; open; operatora; opiera; opracowaniu; oraz; payments; pieniądza; pieniężnych; pobiera; podmioty; podmiotów; podstawie; podziału; pojęcie; polasik; pomiędzy; poprzez; portfela; pozwala; pośredników; procesie; procesów; propozycja; przede; przedpłaconego; przedpłaconych; przez; przychodów; przypadku; punktu; płatnicze; płatniczych; płatnika; płatności; płatności mobilnych; płynności; rachunki; research; rolę; rozliczenia; rozliczeń; rozrachunku; rozrachunku transakcji; rozwiązań; rynku; również; sektora; sieć; się; stanowi; systemach; systemy; systemów; systemów płatności; takich; także; technologii; tego; telefon; telefonii; transakcji; transferu; tylko; tym; typu; urządzenie; użyciem; użyciu; użytkowników; vol; widzenia; wszystkim; wykorzystania; wykorzystujące; względu; zatem; zazwyczaj; środków; świecie; źródeł; źródła; źródła pieniądza cache: cjfa-3236.pdf plain text: cjfa-3236.txt item: #169 of 318 id: cjfa-3237 author: Kunkowski, Janusz title: Role and tasks of payment integrators in the Polish e-commerce date: 2013-12-01 words: 6047 flesch: 52 summary: Rozwiąza- nie to pozwala na wysyłanie i otrzymywanie pilnych płatności w czasie rzeczywistym. Dla- tego większość e-sklepów decyduje się na współpracę z integratorem płatności w celu udostępnienia szerokiej gamy metod płatności, obejmujących zarówno bankowe instrumenty płatnicze, keywords: badaniu; bankowy; bankowych; banków; bardzo; bezpieczeństwa; bluecash; być; będą; celem; celu; commerce; czasie; często; dla; dlatego; dopiero; duże; dzięki; elixir; express; gdyż; gotówką; głównie; handlu; ich; instytucje; integratorami; integratorów; integratorów płatności; internecie; internetowe; internetowych; jak; jako; janusz; jednak; jest; kart; klienta; klientom; klientów; koszty; kosztów; które; których; kunkowski; kupującego; małe; media; metod; metod płatności; mniej; model; mogą; może; możliwość; n=607; najczęściej; należy; natomiast; niż; obsłudze; obsługi; odbiorze; odpowiedzi; około; okresie; online; opracowanie; oraz; ostatnim; payment; payu; pobraniem; podkreślić; podmiotów; podstawie; polasik; polsce; polskiego; polskim; pomiędzy; ponadto; poniżej; poprzez; powyżej; pozostałych; pozwala; pośrednictwem; przelewu; przelewów; przez; przy; próba; płatnicze; płatniczych; płatności; płatności internetowych; płatność; realizacji; realizujące; respondentów; rola; rozwiązanie; rozwoju; rynek; rynku; również; serwis; się; sklepach; sklepy; sklepy internetowe; sklepów; spadek; sprzedaży; stosunkowo; systemu; tej; towaru; transakcji; tym; typu; udostępniają; udział; umowy; usług; w polsce; wartości; widać; wielokrotne; więcej; większość; współpracy; wymaga; wynikać; wyniki; względu; wzrost; własne; zadania; zakupów; zamówień; zapłaty; zasięg; zmiany; znacznie; znacząco; środki; środków; źródło cache: cjfa-3237.pdf plain text: cjfa-3237.txt item: #170 of 318 id: cjfa-3238 author: Lewandowski, Remigiusz title: Polish Security Printing Works in the system of public and economic security date: 2013-12-01 words: 5671 flesch: 45 summary: i PWPW SA, „Człowiek i Dokumenty”, 28. Maciejewski W. (2007), Dokumenty w systemie bezpieczeństwa państwa, „Człowiek i Do- kumenty”, 5. Majer P. (2012), W poszukiwaniu uniwersalnej definicji bezpieczeństwa wewnętrznego, „Przegląd Bezpieczeństwa Wewnętrznego”, 7. Misiuk A. (2008), Administracja porządku publicznego Grzemski J., Krześ A. (2010), Analiza pojęcia “przestępstwa godzące w podstawy eko- nomiczne państwa” w ustawie z dnia 24 maja 2002 r. o keywords: albo; artykuł; banknoty; banknotów; bezpieczeństwa; bezpieczeństwa narodowego; bezpieczeństwa państwa; bezpieczeństwa wewnętrznego; bezpośrednio; bowiem; brak; być; charakter; czy; czynników; człowiek; danych; dla; dla bezpieczeństwa; dnia; dokumentów; doprowadzić; dotyczy; dz.u; działalności; działania; economic; ekonomicznego; finansowych; funkcje; funkcjonowania; goc; gospodarczej; gospodarki; ich; identyfikacyjnego; informacji; infrastruktury; innych; instytucji; interes; interes bezpieczeństwa; istotny; jak; jako; jednak; jego; jej; jest; kitler; kluczowe; kolei; krajowym; krytycznej; które; których; kwietnia; lewandowski; literaturze; lub; lutego; m.in; mają; ministrów; mogą; może; należy; narodowego; nie; niejawnych; nimi; obejmuje; obrotu; obywateli; oceny; ochronie; ochrony; odniesieniu; odnosi; odpowiednie; opracowanie; oraz; organów; osobowych; papierów; państwa; państwa oraz; października; personalizacji; pieniężnych; pkt; podmioty; podmiotów; podstawowego; podstawowy; polska; pomiędzy; ponadto; potrzeby; poz; pozostaje; prawnych; prawo; procesów; produkcji; produktów; prowadzonej; przedmiotu; przedsiębiorców; przedstawiono; przegląd; przepisów; przez; przykładem; przypadku; publicznego; publicznych; punktu; pwpw; późn; r. o; r. w; rady; ramach; realizacji; realizowanych; remigiusz; rodzaju; rozporządzenie; rozwój; rynku; ryzyko; rzecz; również; równocześnie; schemacie; schemat; security; się; skarbu; sposób; społeczeństwa; sprawie; spółki; stabilności; state; stopniu; strat; systemie; systemy; systemów; szczególności; szczególnym; tajne; takich; także; tego; tej; towarzyszących; transakcji; transakcyjnego; tylko; tym; ustawodawca; ustawy; usługi; uwagę; warszawa; wartościowych; wewnętrznego; wiarygodność; widzenia; wolności; wpływu; wskazuje; wymaga; wytwórnia; własne; z dnia; zadań; zagrożenia; zakresie; zakłóceń; zamówienia; zamówień; zapewniające; zapewnienie; zarówno; zatem; zgodnie; znaczenie; związane; związanych; środków cache: cjfa-3238.pdf plain text: cjfa-3238.txt item: #171 of 318 id: cjfa-3239 author: Maciejewski, Krzysztof title: Impact of interchange fees rates on the Polish payment cards market date: 2013-12-01 words: 4870 flesch: 49 summary: Udział opłaty interchange w opłacie akceptanta w transakcjach terminalo- wych w Polsce w latach 2008–2010 Okres 2008 2009 2010 Wyniki badania ankietowego przeprowadzonego przez autora wśród agentów rozlicze- niowych umożliwiły ustalenie udziału opłaty interchange w opłacie akceptanta w przypad- ku transakcji przetwarzanych przez ww. podmioty w Polsce w latach 2008–2010 w fizycz- nych punktach sprzedaży (bez uwzględnienia transakcji internetowych), keywords: acceptance; agenci; agenta; agentów; akceptacji; akceptanta; autora; badania; badań; bank; benefits; być; było; czterostronnego; debetowych; development; dla; europejskiej; fakt; fee; fees; formę; funkcje; funkcjonowania; gotówki; interchange; jako; jednak; jednocześnie; jedynie; jego; jest; kart; kart płatniczych; klientów; kokkola; konsumentów; koszty; kosztów; krajach; krzysztof; które; których; kwoty; latach; lub; m.in; maciejewski; mastercard; model; mogą; można; msc; najwyższych; należy; natomiast; nbp; nie; niż; okresie; opracowanie; opłacie; opłat interchange; opłaty; opłaty akceptanta; oraz; organizacje; ostatnich; payment; podmioty; podmiotów; podstawie; polsce; polskim; pomiędzy; porównanie; posiadacz; poziom; poziomie; prowizję; przez; przy; przyjmując; przypadku; płatnicze; płatniczych; płatności; ramach; raport; rezultacie; rolę; rozliczeniowego; rozwoju; rynek; rynku; rynku kart; również; schemat; sieci; sieć; się; sklep; sprzedawcy; stanowią; stawek; stawki; systemach; systemowe; systemu; systemów; także; tego; tej; też; towaru; transakcji; trójstronnych; tych; tym; tytułu; udział; unii; usługi; użyciu; visa; w polsce; wartości; według; wielu; wrzesień; wydawcy; wydawców; wyniki; wysokości; wysokość; wyższe; własne; wśród; znaczenie; źródło cache: cjfa-3239.pdf plain text: cjfa-3239.txt item: #172 of 318 id: cjfa-3240 author: Merino, Elena; Manzaneque, Montserrat; Priego, Alba Maria title: “Board independence” and compensation structure of directors date: 2013-12-01 words: 11658 flesch: 49 summary: Cordeiro J., Veliyath R. & Eramus E. J. (2000), An empirical investigation of the determi- nants of outside director compensation. Boyd B. K. (1996), Determinants of US Outside director compensation. keywords: alba; andreas; assets; attendance; attfee; board; board characteristics; board compensation; board independence; board members; board size; ceo; chairman; characteristics; companies; compensation; compensation structure; consumer; control; corporate; data; different; director compensation; directors; effect; elena; empirical; error; et al; evidence; fees; firm; fixed; fixrem; following; governance; important; independence; industry; journal; level; log; logarithm; management; manzaneque; manzaneque et; mechanisms; members; merino; methodology; model; montserrat; natural; negative; number; numeric; order; othper; outside; ownership; panel; performance; perquisites; population; positive; previous; price; proportion; relationship; remuneration; representative; results; return; review; salary; salfee; sample; shareholders; significant; size; spain; spanish; stock; structure; studies; study; system; table; total; total compensation; type; variable; variable compensation; varrem; year cache: cjfa-3240.pdf plain text: cjfa-3240.txt item: #173 of 318 id: cjfa-3241 author: Pawłowski, Jarosław title: Derivatives as security against market risk on the example of the selected companies date: 2013-12-01 words: 4607 flesch: 54 summary: Depending on the criteria that are followed, there is a series of Derivatives as security against market risk on the example 155 classifications regarding separate types of risk. A role of security in this kind of risk is played by Asian call options of European Derivatives as security against market risk on the example 163 type, and risk reversal option strategies, which are based on purchasing both call and put options. keywords: basic; business; case; companies; company; contracts; currency; derivatives; dla; dziawgo; example; exchange; execution; financial; forward; futures; gas; hedging; instruments; interest; jarosław; kghm; kinds; korytarz; market; market risk; mewa; miedź; needs; operation; options; payments; pgnig; polska; price; price risk; rate; rate risk; risk; risk risk; sales; scheme; security; series; statement; strategies; strategy; subject; swap; transactions; types; usd; value; warszawa; way cache: cjfa-3241.pdf plain text: cjfa-3241.txt item: #174 of 318 id: cjfa-3242 author: Sojak, Sławomir title: Book-keeping in Mesopotamia in the Third and Second Millennium BC date: 2013-12-01 words: 6513 flesch: 60 summary: = 5/6 miny 8 1/3 śekli srebra przekazanego przez (giri3) – Lukalla, Lugal-kuzu i samego ensiego AS.4 rachunek rozliczeniowy Ur-Dumuzida, kupca – w aktywach: ensi dostawcą wełny sprzedanej – za srebro (ponad połowę całości aktywów)a) a) rachunek opiewa w aktywach na 6 5/6 miny 1 2/3szekla i 5 ziaren srebra, przy czym ze sprzedaży wełny dostarczo- nej przez ensiego uzyskano 3 5/6 miny 8 1/3 szekla Copernican Journal of Finance & Accounting e-ISSN 2300-3065 p-ISSN 2300-1240 Data wpłynięcia: 19.06.2013; data zaakceptowania: 09.12.2013. * Dane kontaktowe: sojak@umk.pl, Katedra Rachunkowości, Wydział Nauk Ekono- micznych i Zarządzania, Uniwersytet Mikołaja Kopernika, ul. Gagarina 13a, 87-100 Toruń, tel. 56 611 47 24. DOI: 10.12775/CJFA.2013.0222013, volume 2, issue 2 Sławomir Sojak* Uniwersytet Mikołaja Kopernika w Toruniu kSięgowość w mezopotamii w trzecim i drugim tySiącleciu przed chryStuSem Słowa kluczowe: Mezopotamia, księgowość, tabliczki gliniane, teksty klinowe, bilan- sowanie, podatek bala. keywords: 1/3; accounting; aktywa; aktywach; aktywów; ale; ancient; archiwum; bala; balancing; barany; baranów; bardziej; bethesda; bez; bielicki; boga; bogowie; bogów; book; bowiem; byli; być; była; było; były; cdl; cele; charakter; chr; cywilizacji; czasach; czasem; czasu; czy; czyli; czym; często; debet; deficytu; development; dla; dniówek; dobra; dokumentów; dostawcą; dostawy; dynastii; dóbr; e.m; east; economic; eds; englund; ensi; ensiego; ewidencja; foluszników; giri3; glinianych; gur; głównie; ich; iii; imieniu; innymi; jagniąt; jako; jednak; jego; jej; jest; jeśli; jursa; już; kapitał; każdy; keeping; kontroli; kredyt; księgowe; księgowość; księgowych; które; których; kupca; kupiec; lat; lecz; litrów; lub; ludzi; magazynu; magazynów; mających; mamy; marek; mezopotamii; miast; miały; miedzi; miejsce; mieroop; między; mogły; można; musiało; najczęściej; najpierw; narzędzia; nich; nie; niż; okresie; okresu; ono; oraz; osób; otrzymywali; owce; owiec; patrz; pałacu; pierwszy; podatkowych; podlegały; podobnie; pojedynczych; pola; polu; poprzedniego; postaci; potrzeby; pracy; press; procent; produktów; property; prowincji; przede; przerobu; przez; przy; przychodów; przyjęcie; przykład; przypadku; punktu; rachunek; rachunkowości; razem; record; rejestrowane; roku; rozchodów; rozliczeniach; rozliczenie; rozliczeniowy; rozliczeń; rzecz; rzemieślnicy; różnych; sadów; saggs; saldo; schemat; settlements; siew; sila; się; sposób; srebra; srebrze; stan; stanowić; steinkeller; stronie; strzyżone; stępień; sukna; sumeryjskich; surowca; sławomir; słowa; tabliczek; tabliczkach; tabliczki; także; tego; tekstów; też; tkaczy; tkaniny; towaru; towarów; transakcji; tych; tym; tysiąclecia; university; usług; uważa; van; warszawa; warsztatach; warsztaty; według; wełny; widzenia; więc; wobec; wraz; wszystkie; wszystko; wydanie; wynika; względu; wówczas; własnością; własny; zapisy; zapisów; zarządzania; zbiorcze; zdarzeń; ziarna; ziemi; zobowiązanie; zobowiązań; zwierząt; świątyni; świątynnego; świątynnych; życia cache: cjfa-3242.pdf plain text: cjfa-3242.txt item: #175 of 318 id: cjfa-3243 author: Solarz, Małgorzata title: The importance of shadow banking sector entities for population affected by credit exclusion date: 2013-12-01 words: 4706 flesch: 40 summary: Małgorzata Solarz* Wroclaw University of Economics, Faculty of Economics, Management and Tourism, Department of Finance and Accounting, Poland the iMportance of shadow banking Sector entitieS for population affected by credit excluSion Key words: shadow banking, financial exclusion, social lending. The imporTance of shadow banking secTor enTiTies for populaTion 191 Both products and services offered by alternative financial services pro- viders were mainly appreciated by households deprived of creditworthiness and offered them an opportunity to take advantage of bank credits. keywords: access; activities; advantage; affected; alternative; alternative financial; banking; banking sector; banks; case; clients; companies; credit; data; development; economics; entities; exclusion; fact; finance; financial; financial exclusion; financial services; following; functioning; global; group; households; importance; income; indebtedness; individuals; institutions; interest; lending; level; loan; market; małgorzata; means; microfinance; money; number; offer; operations; paper; people; poland; polish; poor; population; problem; products; providers; provision; research; responsible; result; sector; sector entities; services; shadow; shadow banking; social; solarz; state; system; threats; years cache: cjfa-3243.pdf plain text: cjfa-3243.txt item: #176 of 318 id: cjfa-3244 author: Wiśniewska, Jolanta title: Expert auditors’ services classification date: 2013-12-01 words: 3600 flesch: 45 summary: Taka klasyfikacja usług biegłego rewidenta wydaje się szczególnie istotna w świetle zmian uchwalonej Dyrektywy Parlamentu Europejskiego i Rady Europy 2013/34/UE z 26.06.2013 r. w sprawie rocznych sprawozdań finanso- wych, skonsolidowanych sprawozdań finansowych Żeby pracować w tym zawodzie trzeba spełnić szereg warunków: ■ korzystać z pełni praw publicznych oraz mieć pełną zdolność do czynno- ści prawnych; ■ mieć nieposzlakowaną opinię i swoim dotychczasowym postępowa- niem dawać rękojmię prawidłowego wykonywania zawodu biegłego re- widenta; ■ nie być skazanym prawomocnym wyrokiem za umyślnie popełnione przestępstwo lub przestępstwo skarbowe; ■ ukończyć studia wyższe w Rzeczypospolitej Polskiej lub zagraniczne studia wyższe uznawane w Rzeczypospolitej Polskiej za równorzędne i władać językiem polskim w mowie i piśmie; ■ odbyć roczną praktykę w zakresie rachunkowości w państwie Unii Eu- ropejskiej oraz co najmniej dwuletnią aplikację pod kierunkiem biegłego rewidenta, mającą na celu praktyczne przygotowanie do samodzielnego wykonywania zawodu, przy czym spełnienie tych warunków musi zo- stać potwierdzone przez Komisję Egzaminacyjną; ■ złożyć przed Komisją z wynikiem pozytywnym egzaminy dla kandyda- tów na biegłego rewidenta z wiedzy, o której mowa w art. keywords: analizując; art; article; artykułu; atestacyjne; atestacyjnych; auditing; auditors; audytu; badanie; biegłego; biegłego rewidenta; biegłych; celu; czynności; dla; dnia; doradztwo; dotyczące; dotyczących; działalności; etyki; expert; finansowej; finansowych; historycznych; iaasb; ich; ifac; informacji; inne; innych; jednostki; jest; jolanta; klasyfikacja; klasyfikacja usług; klienta; kodeksu; kontroli; krajowe; księgowych; które; lub; międzynarodowych; msua; należy; opracowanie; oraz; osób; podstawie; polsce; pomoc; pozostałe; pro; procedury; przedsiębiorstw; przedstawia; przez; przygotowanie; publicznego; publicznym; późn; rachunkowości; rady; regulations; rewidenta; rewizji; rodzaje; rynku; rysunek; rzecz; services; się; sprawie; sprawozdania; sprawozdań; spółek; spółki; standardów; stanowisko; tabela; taka; transakcji; tych; uregulowania; ustawy; usług; usług biegłego; według; wewnętrznej; wykonywania; wykonywanych; wymogami; wyników; wyszczególnienie; własne; zakresie; zakresu; zawodowych; zawodu; zawód; zgodności; świadczonych cache: cjfa-3244.pdf plain text: cjfa-3244.txt item: #177 of 318 id: cjfa-3245 author: Bolibok, Piotr title: Recenzja książki Bankowość, pod red. nauk. M. Zaleskiej, Wydawnictwo C. H. Beck, Warszawa 2013 date: 2013-12-01 words: 2877 flesch: 40 summary: M. Zaleska przedstawiła w niej przesłanki wpro- wadzenia modelu zintegrowanego, wynikające przede wszystkim z zacierania się różnic pomiędzy poszczególnymi elementami rynku finansowego, powsta- wania konglomeratów finansowych oraz optymalizacji procesów nadzorczych (s. 36–37). m. zaleskiej 219 nych tendencji zmierzających do przywrócenia modelu nadzoru zróżnicowa- nego oraz wyodrębnienia nadzoru makro- i mikroostrożnościowego, jako od- powiedzi na kryzys finansowy, zapoczątkowany w sektorze bankowym (s. 37). keywords: aktywami; analizy; audytu; autor; autorka; autorstwa; banking; bankowego; bankowej; bankowości; bankowych; bankowym; banku; banków; centralnego; części; część; data; dla; dokonane; dotyczących; dystrybucji; działalności; efektywności; finansowego; finansowych; finansów; funkcjonowania; ich; informacji; innych; instrumentów; instytucji; jak; jako; jego; jest; kanałów; kapitałowej; klienta; klientów; kluczowych; kontekście; korporacyjnych; kredytowego; kredytowych; kryzysu; książki; literatury; metod; modelu; możliwości; nacisku; nadzorczych; nadzoru; należy; nauk; nim; oceny; ochrony; oferty; okresie; omawianych; omówienie; operacyjnego; oprócz; oraz; papierów; piotr; podejścia; podrozdziału; podręcznika; polsce; pomiaru; portfelem; poszczególnych; poziom; poświęcony; praktyce; private; problematyki; produktów; przedmiotu; przedstawia; przedstawiono; przekroju; przez; przy; publikacji; punktu; płynności; recenzja; red; rekomendacji; roli; rolę; rozdział; rozważań; rozwiązań; rynkowego; rynku; ryzyka; ryzykiem; również; segmentu; sektora; się; stabilności; systemu; słusznie; także; tego; tej; tendencje; tle; tym; usług; uwagę; walorem; wartościowych; wewnętrznego; współczesnej; współczesnych; zagadnienia; zagadnień; zakresie; zaleska; zaleskiej; zaletą; zamyka; zarządzania; zasługuje; znaczenia; został; zwłaszcza cache: cjfa-3245.pdf plain text: cjfa-3245.txt item: #178 of 318 id: cjfa-3246 author: ., . title: Dla Autorów date: 2013-12-01 words: 899 flesch: 50 summary: W Copernican Journal of Finance & Accounting publikowane są artykuły w ję- zyku polskim oraz w języku angielskim. Definicje ghostwriting i guest authorship według Ministerstwa Nauki i Szkol- nictwa Wyższego (źrodło: http://www.nauka.gov.pl): ■ z ghostwriting mamy do czynienia wówczas, gdy ktoś wniósł istotny wkład w powstanie publikacji, bez ujawnienia swojego udziału jako je- den z autorów lub bez wymienienia jego roli w podziękowaniach za- mieszczonych w publikacji; ■ z guest authorship (honorary authorship) mamy do czynienia wówczas, gdy udział autora jest znikomy lub w ogóle nie miał miejsca, a pomimo to jest autorem/współautorem publikacji. keywords: accounting; adres; artykułu; artykułów; authorship; autora; autorem; autorów; być; będą; copernican; czasopisma; czasopiśmie; dla; doi; finance; ghostwriting; guest; internetowej; jego; jest; journal; języku; lub; ministerstwa; należy; nauki; naukowych; nie; oceny; oraz; powinny; przez; publikacji; rachunkowości; recenzentów; recenzji; recenzowania; redakcja; się; stronie; szkolnictwa; tekstu; wyższego cache: cjfa-3246.pdf plain text: cjfa-3246.txt item: #179 of 318 id: cjfa-3247 author: ., . title: Strony Redakcyjne date: 2013-12-01 words: 767 flesch: 69 summary: 125 Jarosław Pawłowski Derivatives as security against market risk on the example of the selected compa- nies ..................................................................................................................................... 153 Sławomir Sojak Księgowość w Mezopotamii w trzecim i drugim tysiącleciu przed Chrystusem ....... 167 Małgorzata Solarz The importance of shadow banking sector entities for population affected by credit exclusion ................................................................................................................. 189 Jolanta Wiśniewska Klasyfikacja usług wykonywanych przez biegłych rewidentów ................................ 203 v a r 56 611 46 34 (osoba do kontaktu mgr Agnieszka Żołądkiewicz), fax 56 654 24 93, cjfa@umk.pl, www.cjfa.umk.pl adRes wydawcy Uniwersytet Mikołaja Kopernika w Toruniu, ul. keywords: accounting; copernican; dr hab; economics; finance; główna; hab; handlowa; issn; journal; kopernika; poland; prof; school; szkoła; toruń; university; uniwersytet; warsaw; warszawie cache: cjfa-3247.pdf plain text: cjfa-3247.txt item: #180 of 318 id: cjfa-3255 author: Dziawgo, Leszek title: Introduction date: 2014-04-07 words: 279 flesch: 63 summary: However, in spite of the above mentioned four capitals we deal with two kinds of problems: ■ permanent problems (e.g., unemployment, poverty and overstress) and ■ extraordinary problems (e.g., economic or financial crisis). If yes, how to create and impose social capital in economy maintaining parallelly market mechanisms? Moreover, there are a lot of important, inspiring and very promising terms: CSR, SRI, ESG, CC, IR. keywords: capital; economy; finance; lot; problems; social cache: cjfa-3255.pdf plain text: cjfa-3255.txt item: #181 of 318 id: cjfa-3257 author: Adamiak, Stanisław; Walczak, Damian title: Catholic social teaching, sustainable development and social solidarism in the context of social security date: 2014-04-07 words: 3872 flesch: 46 summary: Clearly, social security is part of the essence of social solidarism through intergenerational solidarism, or through the concern of the community for the individual’s interest. Social security – relations that connect sustainable development, solidarism and Catholic social teaching The element connecting the issues presented is social security, defined as ‘the totality of measures and public actions (institutions), with the help of whose society tries to protect its citizens against the threat of unsatisfied basic needs, socially recognized as important’ (Piotrowski 1966, 29). keywords: adamiak; aspect; basic; benedict; catholic; catholic social; community; context; countries; damian; development; doctrine; economic; equality; european; finance; functioning; future; generations; good; growth; help; human; individual; institutions; interest; journal; lisbon; method; needs; paul; people; poland; poverty; present; public; right; security; social; social security; social solidarism; social teaching; society; solidarism; state; strategy; stronger; sustainable; sustainable development; teaching; time; treaty; union; vol; walczak; xvi; zrównoważony cache: cjfa-3257.pdf plain text: cjfa-3257.txt item: #182 of 318 id: cjfa-3259 author: Bartniczak, Bartosz title: State aid as a tool encouraging production of energy from renewable sources date: 2014-04-07 words: 4744 flesch: 53 summary: State aid as a tool encouraging production of energy from renewable sources. http://dx.doi.org/10.12775/CJFA.2014.002 Bartosz Bartniczak* Wrocław University of Economics state aid as a tool encouraging production of energy from renewaBle sources Keywords: state aid, renewable energy. keywords: aid; aid n; article; bartosz; biofuels; case; certain; commission; common; community; competition; conditions; costs; duty; economic; electricity; emissions; energii; energy; energy production; energy sources; environmental; european; example; excise; goods; granting; green; guidelines; investment; jest; market; measure; member; need; objectives; operating; paragraph; poland; price; production; program; promotion; public; renewable energy; renewable sources; sources; state aid; states; support; tool; type; union; use; źródeł cache: cjfa-3259.pdf plain text: cjfa-3259.txt item: #183 of 318 id: cjfa-3260 author: Bolibok, Piotr title: The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange date: 2014-04-07 words: 7105 flesch: 51 summary: In order to investigate the impact of IFRS on value relevance of accounting information published by the banks, in accordance with the approach proposed by Karğin (2013), the following regression was applied: ��� � �� � ��� ∙ �� � �� ∙ �� � �� ∙ ��� � �� ∙ ��� ∙ ��� � �� ∙ ��� ∙ ���� � �� (2) (1) where: ing only on banking industry, that exhibits a high degree of homogeneity in operations, reduces cross-sectional variation in factors that might affect estimates of models’ parame- ters (Beaver, Eger, Ryan, Wolfson 1989; Beaver, McAnally, Stinson 1997). In order to investigate the impact of IFRS on value relevance of accounting information published by the banks, in accordance with the approach proposed by Karğin (2013), the following regression was applied: ��� � �� � ��� ∙ �� � �� ∙ �� � �� ∙ ��� � �� ∙ ��� ∙ ��� � �� ∙ ��� ∙ ���� � �� (2) – closing price of a bank’s share at the end of period t; α0 – intercept; α1, α2 – structural parameters; bt – consolidated book value per share at the end of period t, ing only on banking industry, that exhibits a high degree of homogeneity in operations, reduces cross-sectional variation in factors that might affect estimates of models’ parame- ters (Beaver, Eger, Ryan, Wolfson 1989; Beaver, McAnally, Stinson 1997). keywords: accounting; accounting information; average; banking; banks; book; book value; capital; chow; coefficients; companies; consolidated; data; earnings; end; equity; error; estimates; financial; free; ifrs; impact; implementation; income; increase; information; introduction; market; market value; model; ohlson; parameters; period; pln; poland; price; rate; regression; research; residual; results; risk; share; statistic; std; structural; studies; test; value; value relevance cache: cjfa-3260.pdf plain text: cjfa-3260.txt item: #184 of 318 id: cjfa-3262 author: Buszko, Michał title: Investments in stock of banks implementing high social responsibility standards listed on the Warsaw Stock Exchange date: 2014-04-07 words: 7607 flesch: 65 summary: 2,71% 6,39% 5,91% 5,90% 7,34% 8,19% 8,08% Min. chg -6,02% -6,05% -4,49% -6,50% -7,81% -11,52% -7,48% -24,57% Tab 5. Tab. 5 Cumulative rates of return of banks participating in RESPECT vs. other indices Period Han- dlowy ING BSK BPH Millen- nium BZ WBK Kredyt Bank BRE Mean WIG Banking RESP 19.11.09– 31.12.09 5,74% 9,09% 19,54% 17,36% 7,34% 3,04% 8,02% 10,02% 1,27% 4,87% 31.12.09– 31.12.10 38,96% 14,62% -17,18% 4,17% 15,21% 24,14% 16,92% 13,83% 17,93% 32,17% 31.12.10– 31.12.11 -24,31% -10,40% -54,32% -24,00% 6,90% -30,86% -19,08% -22,30% keywords: 19.11.09; 1st; 2nd; 31.12.09; 31.12.10; 3rd; 4th; adjusted; analysis; bank; bank sa; banking; banking index; bph; bre; companies; csr; cumulative; data; edition; elaboration; entities; exchange; fig; financial; handlowy; high; investments; investors; kredyt; kredyt bank; long; market; millennium; normalized; period; portfolio; present; prices; pricing; profitability; rate; respect index; respect wig; responsibility; responsible; return; second; shares; social; source; standards; stock; tab; value; wbk; wig; wig banking; wse; wse data cache: cjfa-3262.pdf plain text: cjfa-3262.txt item: #185 of 318 id: cjfa-3263 author: Dziawgo, Ewa title: Real options in the assessment of the company’s pro-ecological investments date: 2014-04-07 words: 7908 flesch: 40 summary: Real options in the assessment of the company’s pro-ecological investments. http://dx.doi.org/10.12775/CJFA.2014.005 Ewa Dziawgo* Nicolaus Copernicus University rEal options in thE assEssmEnt of thE company’s pro-Ecological invEstmEnts Keywords: real options, pro-ecological investments. keywords: asset; binomial model; black; cash; changes; company; cox; current value; designations; ecological; environmental; european; evaluation; exit; exit options; factor; following; formula; generated; implementation; investment; jnj; kn n; knkn; market; materials; min; model; moments; n kk; new; option pricing; options; pricing model; production; projects; real option; realization; reducing; research; ross; rubinstein; scholes model; srovt; technologies; time; time t; value; waste; 00; iduvnjk cache: cjfa-3263.pdf plain text: cjfa-3263.txt item: #186 of 318 id: cjfa-3270 author: Karmańska, Anna title: The imperative of sustainable growth and reporting integration. Three eras in the corporate reporting development date: 2014-04-07 words: 3464 flesch: 40 summary: The current guidelines on social responsibility reporting and the conceptual frameworks of the so-called in- tegrated reporting may give rise to questions on the costs and benefits with regard to corporate reporting within the trend of sustainable growth. There is a conviction expressed in the text that the presently emerging fourth era in the deve- lopment of corporate reporting will significantly change the conceptual model of this kind of reporting. keywords: accounting; anna; area; assets; business; capital; changes; companies; corporate; corporate reporting; development; different; disclosure; era; eras; european; evaluation; extended; external; financial; financial reporting; fourth; growth; guidelines; imperative; important; information; integrated; intellectual; intellectual capital; international; issue; journal; karmańska; knowledge; management; measurement; needs; performance; present; project; przedsiębiorstw; regard; reporting; reports; rozwoju; sprawozdawczości; stakeholders; standards; statement; sustainable; sustainable growth; time; trend; value cache: cjfa-3270.pdf plain text: cjfa-3270.txt item: #187 of 318 id: cjfa-3272 author: Kołosowska, Bożena; Voss, Grażyna title: Authorised Adviser – as a company of public trust in the NewConnect OTC (Over-The-Counter) exchange date: 2014-04-08 words: 4621 flesch: 46 summary: However, the assessments tend to differ – in the year 2014 the Warsaw Stock Exchange has excluded out of the list of authorised advisers 4 entities servicing NewConnect companies, 13 warning notices admonitions have been issued and one financial penalty was given in the amount of 20,000 PLN. The history knows many cases of falls states, Authorised Adviser – As A compAny of public trust… 87 financial crises and bankruptcy of stock companies caused by the lack of ethi- cal behaviour in their management (Sawicki 2013, 239). keywords: accounting; actions; activities; adequate; adviser; audit; auditors; authorised; authorised adviser; bożena; business; capital; causes; companies; company; control; counter; development; duties; economic; employees; enterprises; entities; entity; ethical; ethics; exchange; external; finance; financial; functioning; good; grażyna; increase; information; internal; internal audit; investors; issuers; kołosowska; legal; list; management; market; medium; newconnect; otc; paper; practices; present; process; professional; public; regulations; requirements; rules; services; small; standards; stock; system; tasks; trust; unit; value; warsaw; warszawa; way; year cache: cjfa-3272.pdf plain text: cjfa-3272.txt item: #188 of 318 id: cjfa-3273 author: Kopyściański, Tomasz; Rólczyński, Tomasz title: Application of statistical methods in the diagnosis of environmental conditions of development of Lower Silesian voivodship in years 2006–2012 date: 2014-04-08 words: 4543 flesch: 54 summary: Coper- nican Journal of Finance & Accounting, 3(1), 97–108. http://dx.doi.org/10.12775/CJFA.2014.008 Tomasz KopyściańsKi* Institute of Finance and Accounting, Wroclaw School of Banking Tomasz RólczyńsKi** Institute of Economy, Wroclaw School of Banking applicaTion of sTaTisTical meThods in The diagnosis of enviRonmenTal condiTions of developmenT of loweR silesian voivodship in yeaRs 2006–2012 Keywords: environmental conditions of regional development, the method of standar- dised sums, Ward’s method. Wooded land: forestation (%) stimulant X7 Total sewage disposal per 1000 inhabitants destimulant X8 Particulate pollutants per county area destimulant X9 Gaseous pollutants per county area (tons/year) destimulant S o u r c e : own study based. keywords: 0,65; 0,68; 2006–2012; analysis; application; areas; characteristics; clusters; complex; conditions; counties; county; data; development; diagnosis; disparities; economic; economy; environmental; environmental conditions; extent; individual; information; issue; kopyściański; legnica; level; literature; local; lower; lower silesian; method; natural; objects; phenomenon; potential; powiat; ranking; regional; regions; research; results; set; significant; silesian; situation; sphere; statistical; statistical methods; study; table; terms; tomasz; units; value; voivodship; ward; worst; wrocław; years; zgorzelecki; zgorzelecki county cache: cjfa-3273.pdf plain text: cjfa-3273.txt item: #189 of 318 id: cjfa-3274 author: Kurek, Robert title: The efficiency of public insurance supervision vs. Pareto efficiency date: 2014-04-08 words: 3782 flesch: 34 summary: Additionally, the discussion referring to public supervision efficiency di- sregards the strategic efficiency by assigning significance to operational effi- ciency only. The thesis stating that Pareto efficiency can determine operations carried out by public insurance supervision authorities underlies this particular study and determines its goal. keywords: activities; allocation; assessment; authorities; available; case; certain; clients; consumers; costs; criterion; decisions; economic; economy; effective; efficiency; entire; entities; equilibrium; functioning; impact; individual; information; institutions; insurance; insurance institutions; insurance supervision; interests; journal; market; means; model; nadzoru; nature; operations; optimality; optimum; pareto; pareto efficiency; particular; perspective; point; possible; public; public insurance; public supervision; regulations; research; results; situation; supervised; supervision; supervision authorities; supervisory; terms; transactional; warszawa; wealth cache: cjfa-3274.pdf plain text: cjfa-3274.txt item: #190 of 318 id: cjfa-3275 author: Moszyński, Michał; Więckowska, Marcelina title: Evolution of ecological financial market from the perspective of institutional economics date: 2014-04-08 words: 4858 flesch: 42 summary: Evolution of ecological financial market from the perspec- tive of institutional economics Copernican Journal of Finance & Accounting, 3(1), 121–133. http:// dx.doi.org/10.12775/CJFA.2014.010 Michał Moszyński, Marcelina WięckoWska* Nicolaus Copernicus University evolution of ecological financial Market froM the perspective of institutional econoMics Keywords: ecological financial market, institutional economics, formal institutions, informal institutions. keywords: activities; actors; area; authors; capital; change; companies; compliance; concepts; context; corporate; csr; development; dziawgo; ecological; ecological financial; economic; environmental; esg; evolution; examples; exchange; existence; finance; financial; financial market; formalization; future; game; global; green; group; ideas; informal; informal institutions; informal rules; information; institutions; interaction; investment; investors; law; legislation; level; marcelina; market; michał; moszyński; new; non; participants; perspective; phenomenon; practice; process; protection; regulations; reporting; research; responsibility; responsible; risk; rules; rynku; sanctions; schema; self; set; social; society; sri; stakeholders; state; stock; subject; sustainability; sustainable; websites cache: cjfa-3275.pdf plain text: cjfa-3275.txt item: #191 of 318 id: cjfa-3276 author: Raulinajtys-Grzybek, Monika; Świderska, Gertruda Krystyna title: Object-based costing as an important tool for the economic analysis of sustainable development date: 2014-04-08 words: 3164 flesch: 45 summary: Treat- ing resources and activities equally to final cost objects and maintaining infor- mation about relations between objects causes that it can be a valuable tool to provide data on the economic effects of actions relating to environmental and social factors.   The model developed in the Department of Managerial Accounting of War- saw School of Economics (Świderska, Rybarczyk, Pielaszek 2002; Świderska 2004; Świderska, Raulinajtys 2009) has been adapted to the specifics of health- care during workshops on cost accounting and subjected to empirical verifi- cation during workshops on external reporting organized for representatives of healthcare providers. keywords: accounting; activities; activity; analysis; approach; benefits; birkin; costing; costs; development; economic; environmental; example; externalities; final; gertruda; grzybek; healthcare; implementation; important; information; kosztów; krystyna; management; medical; model; monika; needs; object; possible; principles; providers; rachunek; raulinajtys; reporting; research; resources; scheme; service; social; sustainable; sustainable development; system; tool; yourdon; świderska cache: cjfa-3276.pdf plain text: cjfa-3276.txt item: #192 of 318 id: cjfa-3277 author: Szlęzak-Matusewicz, Joanna title: Models of tax incentives for R&D activities of enterprises in European Union countries date: 2014-04-08 words: 5549 flesch: 52 summary: However, the general trend across countries has been to increase the avail- ability and generosity of R&D tax incentives, making the policy mix more in- direct over time (OECD 2012, 157). R&D tax incentives are widely used in OECD and non-OECD countries. keywords: -0.01; 2012; activities; activity; allowance; assets; business; capital; case; construction; costs; countries; credits; current; deduction; development; direct; economic; enterprises; entrepreneurs; european; evidence; expenditures; firms; fiscal; france; gdp; government; growth; gus; hall; hungary; incentives; income; incremental; index; innovation; international; investment; joanna; models; new; oecd; poland; policy; polish; przedsiębiorstw; r&d; r&d activities; r&d tax; ratio; relief; research; sector; solution; sphere; states; subsidy; supporting; szlęzak; table; tax; tax incentives; union; united; volume; warda; years cache: cjfa-3277.pdf plain text: cjfa-3277.txt item: #193 of 318 id: cjfa-3278 author: Uryszek, Tomasz title: Public finance crisis and sustainable development financing – evidence from EU economies date: 2014-04-08 words: 4359 flesch: 62 summary: Abstract: The paper aims at identifying the impact of public finance crisis on the changes in both level and structure of public spendings on sustainable development in the EU countries. The aim of the paper is to explore the impact of public finance crisis on the size and structure of public spendings on sustainable development in the EU countries. keywords: amounts; budget; budgetary; countries; crisis; culture; data; debt; development; economic; education; eu member; eur; eurostat; expenditure; finance; financing; future; gdp; general; government; głuchowski; health; imbalances; increase; journal; koguc; member; need; paper; poland; problems; protection; public; public finance; publicznych; racjonalizacji; research; revenue; sector; social; spending; states; structure; study; support; sustainable; sustainable development; szołno; table; tomasz; total; values; wydatków cache: cjfa-3278.pdf plain text: cjfa-3278.txt item: #194 of 318 id: cjfa-3279 author: ., . title: For Authors date: 2014-04-08 words: 1126 flesch: 30 summary: The procedures governing the review process of articles submitted for publi- cation in the Copernican Journal of Finance & Accounting meets the guideli- nes of the Announcement of the Ministry of Science and Higher Education from 29 May 2013 on the criteria and evaluation of scientific journals. DOI numbers can be checked on the website: http://www.crossref.org/guestquery/ Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-3279.pdf plain text: cjfa-3279.txt item: #195 of 318 id: cjfa-3280 author: ., . title: Editorial pages date: 2014-04-08 words: 828 flesch: 56 summary: Jan Turyna, Uniwersytet Warszawski, Warsaw University, Poland Prof. dr hab. Bogusław Pietrzak, Szkoła Główna Handlowa w Warszawie, Warsaw School of Economics, Poland Prof. dr hab. keywords: accounting; copernican; development; dr hab; dziawgo; economics; exchange; finance; główna; hab; handlowa; issn; journal; poland; prof; school; social; sustainable; szkoła; toruń; university; uniwersytet; warsaw; warszawie cache: cjfa-3280.pdf plain text: cjfa-3280.txt item: #196 of 318 id: cjfa-33338 author: ., . title: FOR AUTHORS date: 2021-02-27 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-33338.pdf plain text: cjfa-33338.txt item: #197 of 318 id: cjfa-33339 author: ., . title: EDITORIAL PAGES date: 2021-02-27 words: 876 flesch: 52 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Mostafa Hussein Abd-Alla Sentimental herding: the role of COVID-19 crisis in the Egyptian stock market ........... 9 Anju Bala, Kapil Gupta Examining the long memory in stock returns and liquidity in India ............................... 25 Hans Patrick Bidias-Menik, Simplice Gaël Tonmo Interest rate predictability in some selected African countries .................................... 45 Rajesh Desai, Jay Desai Moderating effect of firm size on capital structure determinants: evidence from Indian food processing industry ........................................................................................ UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: +48; accounting; copernican; dr hab; dziawgo; e n; economics; editorial; evidence; finance; gagarina; germany; hab; issn; italy; journal; kuzioła; macerata; national; phone; poland; poland prof; prof; school; spain; stock; toruń; umk; universidad; university; warsaw cache: cjfa-33339.pdf plain text: cjfa-33339.txt item: #198 of 318 id: cjfa-33340 author: Abd-Alla, Mostafa Hussein title: SENTIMENTAL HERDING: THE ROLE OF COVID-19 CRISIS IN THE EGYPTIAN STOCK MARKET date: 2021-02-27 words: 15581 flesch: 64 summary: = 𝜇𝜇� + 𝐻𝐻�� + 𝜐𝜐�� (9) 𝐻𝐻�� = 𝜑𝜑� 𝐻𝐻����� + 𝜂𝜂�� (10) Where 𝜂𝜂��~ iid (0,𝜎𝜎���� ). = 𝜇𝜇� + 𝐻𝐻�� + 𝜐𝜐�� (9) 𝐻𝐻�� = 𝜑𝜑� 𝐻𝐻����� + 𝜂𝜂�� (10) Where 𝜂𝜂��~ iid (0,𝜎𝜎���� ). keywords: absence; beta; big; book; change; covid-19; crisis; cross; data; equation; excess; financial; herding; herding behaviour; hwang; iid; individual; investors; log; market; market portfolio; measure; methodology; model; portfolio; presence; ratio; results; returns; salmon; sample; sectional; significant; size; small; stock market; stocks; study; time; � =; � �; 𝐻𝐻 �; 𝑅𝑅 �; 𝑆𝑆𝑆𝑆𝑆𝑆; 𝛾𝛾 �; 𝜂𝜂 �; 𝜇𝜇 �; 𝜑𝜑 � cache: cjfa-33340.pdf plain text: cjfa-33340.txt item: #199 of 318 id: cjfa-33341 author: Bala, Anju; Gupta, Kapil title: EXAMINING THE LONG MEMORY IN STOCK RETURNS AND LIQUIDITY IN INDIA date: 2021-02-27 words: 7119 flesch: 71 summary: http://dx.doi.org/10.12775/ CJFA.2020.010 anju bala* I.K. Gujral Punjab Technical University kapil gupta** I.K. Gujral Punjab Technical University exaMining tHe long MeMory in stock returns and liquidity in india Keywords: emerging market, long memory, persistence and market efficiency. Anju Bala, Kapil Gupta26  Introduction The presence of long memory supports the notion of market inefficiency in se- curities market (Onour, 2010). keywords: analysis; anju; applied; bala; barkoulas; baum; behavior; bhattacharya; cap; capital; correlation; dependence; economics; evidence; exchange; exponent; finance; financial; hurst; india; indices; information; international; journal; kapil; liquidity; long; long memory; management; market; memory; mid; n ex; n se; nifty; nifty-500; period; persistence; presence; prices; range; research; returns; serial; series; significant; stock; stock market; stock returns; structural; study; table; term; time; ty n; volatility; year cache: cjfa-33341.pdf plain text: cjfa-33341.txt item: #200 of 318 id: cjfa-33342 author: Bidias-Menik, Hans Patrick; Tonmo, Simplice Gaël title: INTEREST RATE PREDICTABILITY IN SOME SELECTED AFRICAN COUNTRIES date: 2021-02-27 words: 15973 flesch: 64 summary: He derived three models from these term premi- um as follows: 1 𝑘𝑘 � (𝐸𝐸� 𝑟𝑟���� (�) − 𝑟𝑟� (�)) ��� ��� = ∝ + 𝛽𝛽�𝑅𝑅�(�) − 𝑟𝑟�(�)� + 𝜀𝜀���, 𝑤𝑤𝑤𝑤𝑤𝑤𝑤 𝑤 𝑤 𝑤𝑤 𝑤 𝑤𝑤 (𝑤) 𝐸𝐸� 𝑟𝑟��� (�) − 𝑟𝑟�(�) = 𝛼𝛼 + 𝛽𝛽�𝑓𝑓� (𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) − 𝑟𝑟�(�)� + 𝜀𝜀����� (6) 𝐸𝐸� 𝑅𝑅��� (���) − 𝑅𝑅�(�) = 𝛼𝛼 + 𝛽𝛽 𝑤𝑤 𝑤𝑤 − 𝑤𝑤 �𝑅𝑅� (�) − 𝑟𝑟�(�)� + 𝜀𝜀��� (7) Where 𝐸𝐸� 𝑟𝑟���� (�) , 𝐸𝐸� 𝑟𝑟��� (�) and 𝐸𝐸� 𝑅𝑅��� (���) are the rational expected rates, 𝑓𝑓� (𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) is the implicit forward rate in the current term structure, 𝑅𝑅�(�)and 𝑟𝑟�(�) are respectively the current long term (n period) and short term (m period) rate, with k=n/m, 𝜀𝜀 is a with noise. ��� ��� = ∝ + 𝛽𝛽�𝑅𝑅�(�) − 𝑟𝑟�(�)� + 𝜀𝜀���, 𝑤𝑤𝑤𝑤𝑤𝑤𝑤 𝑤 𝑤 𝑤𝑤 𝑤 𝑤𝑤 (𝑤) 𝐸𝐸� 𝑟𝑟��� (�) − 𝑟𝑟�(�) = 𝛼𝛼 + 𝛽𝛽�𝑓𝑓� (𝑘𝑘, 𝑘𝑘 + 𝑤𝑤) − 𝑟𝑟�(�)� + 𝜀𝜀����� (6) 𝐸𝐸� 𝑅𝑅��� (���) − 𝑅𝑅�(�) = 𝛼𝛼 + 𝛽𝛽 𝑤𝑤 𝑤𝑤 keywords: capital; coefficient; context; current; equal; equation; equilibrium; expectations; fact; forward; forward rate; future; general; hypothesis; implicit; implicit forward; interest; interest rate; long; lutz; market; maturity; models; operators; period; power; predictive; premium; rate; rational; regression; results; shiller; short; situation; structure; study; term; term structure; test; theory; time; variation; yield; 𝑅𝑅 �; 𝑓𝑓 �; 𝑤𝑤𝑤𝑤𝑤𝑤𝑤 cache: cjfa-33342.pdf plain text: cjfa-33342.txt item: #201 of 318 id: cjfa-33343 author: Desai, Rajesh; Desai, Jay title: MODERATING EFFECT OF FIRM SIZE ON CAPITAL STRUCTURE DETERMINANTS: EVIDENCE FROM INDIAN FOOD PROCESSING INDUSTRY date: 2021-02-27 words: 7584 flesch: 59 summary: Profitability PRFT is found to be a weak predictor of long-term borrowings but it has signif- icant negative impact on short term debt for the whole sample data. Rajesh Desai, Jay Desai62 It is, further, found that small size firms employ more debt with increasing profitability whereas medium and large size firms tend to reduce their debt levels with increasing profitability. keywords: abor; analysis; assets; borrowings; capital; cash; companies; cost; data; debt; determinants; econometric; effect; equity; et al; evidence; finance; financial; financing; firms; food; funds; growth; indian; interest; journal; large; liquidity; literature; long; lqd; ltlr; model; myers; ndt; negative; ocfa; prft; profitability; rao; rao et; ratio; regression; relationship; research; results; rtx; sale; short; significant; size; small; source; stlr; structure; study; table; tangibility; tas; tax; term; term debt; total; value; variables; vijayalakshami; vintila cache: cjfa-33343.pdf plain text: cjfa-33343.txt item: #202 of 318 id: cjfa-33344 author: Kabir, Md. Humayun; Huda, S. S. M. Sadrul; Faruq, Omar title: MOBILE FINANCIAL SERVICES IN THE CONTEXT OF BANGLADESH date: 2021-02-27 words: 6054 flesch: 56 summary: HuMayun kabir* East West University s. s. M. sadrul Huda** North South University oMar faruq*** East West University Mobile financial services in tHe context of bangladesH Keywords: Financial services innovation, mobile financial services, mobile banking, internet banking, financial inclusion, financial technology. This paper studies the present scenario of mobile financial services, re- gulatory framework, and prospects and challenges of Bangladesh. keywords: account; agent; bangladesh; bangladesh bank; banking; banking services; banks; bdt; bill; business; cash; central; change; clients; context; country; credit; crore; customers; december; department; different; figure; finance; financial; financial services; government; growth; huda; humayun; inclusion; information; innovation; institutions; internet; july; kabir; lac; mfs; mobile; mobile banking; mobile financial; model; money; new; number; omar; operators; payment; person; phone; provider; recent; regulatory; sadrul; services; system; technology; total; transaction; transfer; university; utility; world cache: cjfa-33344.pdf plain text: cjfa-33344.txt item: #203 of 318 id: cjfa-33345 author: Neffati, Amira; Khiari, Wided; Lajmi, Azhaar title: CORPORATE GOVERNANCE AND POST-MERGER PERFORMANCE: EVIDENCE FROM US BANKS date: 2021-02-27 words: 4923 flesch: 55 summary: org/10.12775/CJFA.2020.014 aMira neffati* GEF-2A Laboratory, University of Tunis Wided kHiari** GEF-2A Laboratory, University of Tunis azHaar lajMi*** GEF-2A Laboratory, University of Tunis corporate governance and post-Merger perforMance: evidence froM us banks Keywords: bank mergers, governance, bank performance, deficit ratio. The main purpose of this study is to analyze the impact of various governance va- riables, like managerial ownership, the percentage of shares held by outside directors, the board size, the audit committee size and the percentage of stock options granted to managers, on post merger banks performance and to investigate how the firm size can inf luence bank performance following mergers operations. keywords: assets; audit; bank; bank mergers; bank performance; banking; board; coefficient; committee; compensation; confidence; corporate; deficit; directors; financial; firm; governance; impact; increase; journal; khiari; level; managerial; managers; market; mergers; neffati; number; operations; options; outside; ownership; paper; percentage; performance; period; post; ratio; relationship; results; sample; shareholders; significant; size; stock; studies; study; total; value; variables; years cache: cjfa-33345.pdf plain text: cjfa-33345.txt item: #204 of 318 id: cjfa-33346 author: Oshora, Betgilu; Fekete-Farkas, Maria; Zeman, Zoltan title: ROLE OF MICROFINANCE INSTITUTIONS IN FINANCING MICRO AND SMALL ENTERPRISES IN ETHIOPIA date: 2021-02-27 words: 6347 flesch: 58 summary: MSEs are working towards tackling poverty and finding the decent job for the poor but they are highly facing access to credit service due to high collat- eral requirements by formal financial institutions. According to the World Bank (2008) investigation report, the poor face two significant problems in obtaining access to credit services. keywords: access; africa; bank; betgilu; business; case; challenges; collateral; component; contribution; countries; creation; credit; data; development; economic; eigenvalue; empirical; enterprises; ethiopia; farkas; fdre; fekete; figure; financial; gap; gdp; group; growth; increase; instance; institutions; international; investigation; itc; job; jobs; journal; lack; lending; loan; main; maria; market; mfis; microfinance; mses; nations; nbe; number; oshora; pca; people; policy; poor; poverty; report; research; result; role; services; significant; small; study; support; unemployment; united; university; world; youth; zoltan cache: cjfa-33346.pdf plain text: cjfa-33346.txt item: #205 of 318 id: cjfa-33347 author: Purkayastha, Nadia Nahar; Tuzlukaya, Şule Erdem title: DETERMINATION OF THE BENEFITS AND RISKS OF PEER-TO-PEER (P2P) LENDING: A SOCIAL NETWORK TEORY APPROACH date: 2021-02-27 words: 4902 flesch: 52 summary: However, due to the economic conditions and lack of govern- ment support, P2P lending platforms in developing countries often fail to reveal the ‘credit history’ and ‘indebtedness’ of individual borrowers which have an expressive impact on loan performance. On other hand, the marginal costs on loans are relatively high for banks than P2P lending platforms which motivate the banks not to offer loans to the perilous borrowers, individuals, entrepreneurs, or small business- es (De Roure, Pelizzon & Tasca, 2016). keywords: access; bachmann; banking; banks; benefits; borrowers; business; capital; chen; cost; countries; country; credit; default; determination; economic; entrepreneurs; erdem; factors; field; finance; financial; higher; indirect; individual; information; investment; investors; journal; kiva; lenders; lending; lending platforms; loan; luence; management; media; microfinance; nadia; nahar; networks; online; p2p; p2p lending; paper; peer; peer lending; platforms; potential; profit; purkayastha; research; review; risk; security; services; small; social; social networks; study; traditional; trust; zhang; şule cache: cjfa-33347.pdf plain text: cjfa-33347.txt item: #206 of 318 id: cjfa-33350 author: Sanyaolu, Wasiu Abiodun; Adejumo, Babatunde Titus; Kadiri, Idris title: BOARD DILIGENCE AND FINANCIAL PERFORMANCE: EVIDENCE FROM NIGERIAN DEPOSIT MONEY BANKS date: 2021-02-27 words: 5219 flesch: 54 summary: http://dx.doi.org/10.12775/CJFA.2020.017 Wasiu abiodun sanyaolu* Crescent University, University of Benin babatunde titus adejuMo** Osun Debt Management Office in Osogbo idris kadiri*** University of Benin board diligence and financial perforMance: evidence froM nigerian deposit Money banks Keywords: board meetings, profitability, GMM. It is therefore recommended that preference sho- uld be given to the quality of board meetings and not the frequency of such meetings; and that issues that have implications on performance should be given utmost attention at board meetings. keywords: abiodun; accounting; adejumo; adequacy; asset; babatunde; banking; banks; benin; board; board diligence; board meetings; business; capital; companies; company; control; corporate; data; dbms; deposit; diligence; directors; economics; effect; evidence; finance; financial; financial performance; finding; firm; frequency; governance; idris; ilaboya; inf; international; johl; journal; loan; luence; management; meetings; monitoring; negative; nigerian; non; performance; performing; plc; positive; profitability; quality; ratio; review; roa; sanyaolu; sector; significant; size; studies; study; titus; university; value; variables; wasiu cache: cjfa-33350.pdf plain text: cjfa-33350.txt item: #207 of 318 id: cjfa-33360 author: Singh, Simarjeet; Walia, Nidhi title: TIME-SERIES AND CROSS-SECTIONAL MOMENTUM IN INDIAN STOCK MARKET date: 2021-02-27 words: 5813 flesch: 61 summary: To make time-series momentum returns directly comparable with cross-sectional momentum returns, we in- vest in 20% of total stocks. This table presents alphas of cross-sectional momentum returns regressed with time-series momen- tum returns and alphas of time-series momentum returns regressed with cross-sectional momentum returns. keywords: absolute; absolute momentum; adjusted; alphas; better; cross; data; difference; effect; factor; fama; finance; financial; findings; french; indian; investment; jegadeesh; journal; long; market; momentum; momentum returns; momentum strategies; month; moskowitz; net; past; performance; period; portfolio; profits; relative; relative momentum; research; results; returns; risk; sample; sectional; sectional momentum; series; series momentum; significant; stock; strategies; studies; study; table; time; time series cache: cjfa-33360.pdf plain text: cjfa-33360.txt item: #208 of 318 id: cjfa-34384 author: ., . title: FOR AUTHORS date: 2021-06-10 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-34384.pdf plain text: cjfa-34384.txt item: #209 of 318 id: cjfa-34385 author: ., . title: EDITORIAL PAGES date: 2021-06-10 words: 804 flesch: 51 summary: Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Zbigniew Krysiak, Warsaw School of Economics, Poland Prof. Nicoletta Marinelli, University of Macerata, Italy Prof. Astrida Miceikienė, Vytautas Magnus University, Lithuania Prof. Lyudmila Mihaylova, University of Ruse, Bulgaria Prof. Ewa Miklaszewska, Cracow University of Economics, Poland Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universidad Politécnica de Valencia, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Maria del Val Segarra -Oña, Universidad Politécnica de Valencia, Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Ibrahim Majeed Ajibola, Daud Omotosho Saheed, Lukman Adedoyin Impact of Microfinance Institutions on Financial Literacy in North Central Geo-Political Zone Nigeria ...................................................................... UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: +48; accounting; copernican; dr hab; dziawgo; economics; finance; financial; gagarina; germany; hab; issn; italy; journal; macerata; national; phone; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-34385.pdf plain text: cjfa-34385.txt item: #210 of 318 id: cjfa-34390 author: Ajibola, Ibrahim Majeed; Saheed, Daud Omotosho; Adedoyin, Lukman title: IMPACT OF MICROFINANCE INSTITUTIONS ON FINANCIAL LITERACY IN NORTH CENTRAL GEO-POLITICAL ZONE NIGERIA date: 2021-06-10 words: 4736 flesch: 45 summary: From the literature review surveyed, it was found that the researchers who studied financial literacy were conducted outside the shore of Nigeria hence, leaving a geographical gap, even considering the fact that most of the active players in the informal sectors were said to be rural dwellers who knew little or nothing about financial decision. E-banking product (EBP) and financial decision (FD) as a proxy for the independent variable equally shows to have strong positive relationship with financial literacy. keywords: activities; ajibola; banking; central; coefficient; correlation; customers; data; daud; decisions; development; dwellers; financial; financial literacy; geo; ibrahim; impact; inclusion; increase; independent; institutions; investment; journal; knowledge; level; literacy; lukman; majeed; mfio; microfinance; microfinance institutions; mobilization; model; nigeria; north; omotosho; platform; political; population; relationship; research; rural; rural dwellers; saheed; saving; significant; study; table; test; total; usage; variables; zone cache: cjfa-34390.pdf plain text: cjfa-34390.txt item: #211 of 318 id: cjfa-34393 author: Panda, Ruchira; Bag, Dinabandhu title: A SIMPLE LINEAR TEST OF THE INTEGRATION IN CORPORATE BOND MARKETS date: 2021-06-11 words: 3035 flesch: 61 summary: The reasons for the lower deviation in bond yields could be attributed to the integration of bond markets with money markets, external credit markets, forex markets or A simPle lineAr test of the integrAtion in corPorAte bond mArkets 79 commodity markets, respectively. Abstract: The purpose of this article is to identify the key elements of market determi- nants of bond yield and the external borrowing environment. keywords: accounting; activity; average; bank; bond; bond markets; bond yield; copernican; corporate; coupon; credit; data; economics; european; exchange; external; finance; financial; impact; india; indicators; inf; inr; integration; international; journal; law; libor; linear; liquidity; markets; maturity; model; money; new; non; panda; paper; price; rate; rating; rbi; reer; research; ruchira; simple; test; variables; yield cache: cjfa-34393.pdf plain text: cjfa-34393.txt item: #212 of 318 id: cjfa-34397 author: Veeravel, V.; Mohanasundaram, S. title: MARKET TIMING ABILITIES OF LARGE-CAP EQUITY MUTUAL FUND MANAGERS: EVIDENCE FROM INDIA date: 2021-06-11 words: 6630 flesch: 60 summary: 𝑅𝑅� − 𝑅𝑅� =  𝛼𝛼 𝛼  𝛼𝛼� �𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐷𝐷𝐷𝐷��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑃𝑃𝑃𝑃��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐹𝐹𝐹𝐹��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐺𝐺𝑃𝑃��� 𝛼  𝛾𝛾�𝑅𝑅� − 𝑅𝑅� � � 𝛼 𝜀𝜀�   𝑅𝑅� − 𝑅𝑅� =  𝛼𝛼 𝛼  𝛼𝛼� �𝑅𝑅� − 𝑅𝑅� � 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐷𝐷𝐷𝐷��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑃𝑃𝑃𝑃��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐹𝐹𝐹𝐹��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐺𝐺𝑃𝑃��� 𝛼  𝛾𝛾 𝐷𝐷�𝑅𝑅� − 𝑅𝑅� � 𝛼 𝜀𝜀�       The conditional TM model and the conditional HM model are represented by (5) and (6) respectively, where, 𝑅𝑅� , 𝑅𝑅�, 𝑅𝑅� , 𝛼𝛼, 𝛼𝛼, and 𝜀𝜀� are citrus paribus as (3), 𝑇𝑇𝑇𝑇��� refers yield on 91- day treasury bill rates; 𝐷𝐷𝐷𝐷��� is the dividend yield on CNX 500 market index; 𝑇𝑇𝑇𝑇��� denotes term structure rates; 𝑃𝑃𝑃𝑃��� indicates price-to-earnings ratio; and 𝐹𝐹𝐹𝐹��� refers yield on foreign exchange rates. (5) mArket timing Abilities of lArge-cAP equity mutuAl fund mAnAgers… 93 𝑅𝑅� − 𝑅𝑅� =  𝛼𝛼 𝛼  𝛼𝛼� �𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐷𝐷𝐷𝐷��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑃𝑃𝑃𝑃��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐹𝐹𝐹𝐹��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐺𝐺𝑃𝑃��� 𝛼  𝛾𝛾�𝑅𝑅� − 𝑅𝑅� � � 𝛼 𝜀𝜀�   𝑅𝑅� − 𝑅𝑅� =  𝛼𝛼 𝛼  𝛼𝛼� �𝑅𝑅� − 𝑅𝑅� � 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐷𝐷𝐷𝐷��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑇𝑇𝑇𝑇��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝑃𝑃𝑃𝑃��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐹𝐹𝐹𝐹��� 𝛼 𝛼𝛼��𝑅𝑅� − 𝑅𝑅� �𝐺𝐺𝑃𝑃��� 𝛼  𝛾𝛾 𝐷𝐷�𝑅𝑅� − 𝑅𝑅� � 𝛼 𝜀𝜀�       The conditional TM model and the conditional HM model are represented by (5) and (6) respectively, where, 𝑅𝑅� , 𝑅𝑅�, 𝑅𝑅� , 𝛼𝛼, 𝛼𝛼, and 𝜀𝜀� are citrus paribus as (3), 𝑇𝑇𝑇𝑇��� refers yield on 91- day treasury bill rates; 𝐷𝐷𝐷𝐷��� is the dividend yield on CNX 500 market index; 𝑇𝑇𝑇𝑇��� denotes term structure rates; 𝑃𝑃𝑃𝑃��� indicates price-to-earnings ratio; and 𝐹𝐹𝐹𝐹��� refers yield on foreign exchange rates. keywords: ability; assets; bootstrap; cap; conditional; equation 𝑅𝑅; equity; estimate; factor; fund; index; information; journal; large; managers; market; market timing; model; mta; mutual; negative; performance; portfolio; positive; public; return; risk; significant; study; term; time; timing; yield; � −; 𝐷𝐷 �; 𝐷𝐷𝐷𝐷; 𝐹𝐹𝐹𝐹; 𝑁𝑁𝑁𝑁𝑁𝑁; 𝑃𝑃𝑃𝑃; 𝑅𝑅 �; 𝑇𝑇𝑇𝑇; 𝛾𝛾 �; 𝜀𝜀 � cache: cjfa-34397.pdf plain text: cjfa-34397.txt item: #213 of 318 id: cjfa-34404 author: Vijayakumar, A.N. title: RELATIVITY OF INDIAN STOCK MARKET WITH EXCHANGE RATE, GOLD AND CRUDE OIL date: 2021-06-11 words: 9339 flesch: 59 summary: This study with cau- sal research method using 25 years of data administered Johansen co-integration and Vector Error Correction Model to explore the relative impact of exchange rate, crude oil and gold on Indian stock market. The findings shall facilitate in understanding the impact of f luctuations and investment decisions to benefit from Indian stock market. keywords: = 𝑋𝑋; breusch; causal; correlation; crude; crude oil; data; developed; equation; errors; exchange; exchange rate; existence; godfrey; gold; impact; independent; indian; indian stock; information; integration; journal; lag; level; long; market; mle; model; oil; prices; rate; regression; relationship; research; residuals; returns; run; sensex; serial; statistic; stock; stock market; study; table; test; value; variables; vecm; wald; � =; 𝐷 𝐷𝐷; 𝐷 𝐷𝐷𝐷𝐶𝐶𝐶𝐶𝐷𝐷𝐷𝐷𝐷; 𝐷𝐷𝐷𝐷𝐷 𝐷; 𝐼𝐼 �; 𝐽 �; 𝑆𝑆 �; 𝑦𝑦 �; 𝑧𝑧 �; 𝛔𝛔 �; 𝛽𝛽𝑦𝑦 �; 𝜃𝜃 �; 𝜖𝜖 � cache: cjfa-34404.pdf plain text: cjfa-34404.txt item: #214 of 318 id: cjfa-35343 author: Düzakın, Hatice; Yılmaz, Süreyya title: THE DETERMINANTS OF THE LEVEL OF FINANCIAL LITERACY IN TURKEY date: 2021-12-11 words: 6498 flesch: 54 summary: The results emphasized that there is a relationship between financial literacy level and Hatice Düzakın, Süreyya Yılmaz10 gender, age and education. Furtuna 2007 University / survey Financial literacy level of the unemployed and women are low. keywords: age; analysis; chen; countries; decisions; demographic; determinants; düzakın; economic; education; effect; family; finance; financial; financial knowledge; financial literacy; finansal; gender; hatice; high; household; hypothesis; income; individuals; international; journal; knowledge; level; literacy knowledge; literacy level; literate; logit; low; lusardi; management; marital; members; mitchell; model; number; oecd; okuryazarlık; participants; positive; potrich; predictive; primary; public; questions; relationship; research; results; school; significant; status; students; studies; study; survey; süreyya; table; turkey; university; variables; volpe; working cache: cjfa-35343.pdf plain text: cjfa-35343.txt item: #215 of 318 id: cjfa-35347 author: Patel, C.S. Divyesh; Patel, Dr. Naresh K. title: INDIA GAS EXCHANGE TODAY’S REALITY AND PATH AHEAD date: 2021-12-11 words: 7681 flesch: 56 summary: As IGX is purely electronic trading platform for natural gas which is considered as barometer of the India’s progressive policy as it integrates the entire energy value chain from gas production.   There has been paradigm shift from traditional sources such as coal, oil, lignite, natural gas, hydro and atomic energy to non-convention- al and Renewable Energy resources such as wind power, solar system includ- ing waste of rural and household (Ahmad, 2019). keywords: ahead; analysis; basin; bid; buy; c.s; case; clearing; consumption; contracts; dahej; data; day; delivery; demand; distribution; divyesh; domestic; energy; exchange; figure; financial; gas; gas exchange; government; hazira; hubs; iex; igx; india; india gas; industry; infrastructure; lng; major; market; marketing; mechanism; members; mmbtu; naresh; natural; natural gas; odoru; oil; order; patel; path; pay; period; petroleum; pipeline; platform; power; price; pricing; process; production; products; qty; reality; research; rules; sector; seller; settlement; source; study; supply; today; trade; trading; transactions; transportation cache: cjfa-35347.pdf plain text: cjfa-35347.txt item: #216 of 318 id: cjfa-35356 author: Saheed, Daud Omotosho; Ajibola, Ibrahim Majeed; Adedoyin, Lukman title: EFFICACY OF AUDIT FEE ON AUDIT QAULITY OF SELECTED PHARMACEUTICAL FIRMS IN NIGERIA date: 2021-12-11 words: 5460 flesch: 51 summary: http://dx.doi.org/10.12775/CJFA.2021.003 DauD omotosHo saHeeD* Kwara State University ibraHim majeeD ajibola** Kwara State University lukman aDeDoyin*** Federal Polytechnic Offa efficacy of auDit fee on auDit quality of selecteD PHarmaceutical firms in nigeria Keywords: audit fee, audit quality, audit report lag, mandatory auditor rotation. Model Specification This study was modelled according to the accrual quality model of Fuad (2012) which was modified by Bolajoko (2015) and Onaolapo, Ajulo and Onifade (2017) but specifically, this study adapted the model of Onaolapo, Ajulo and Onifade (2017) which studied the effect of audit Fees on audit quality a selected Cement Manufacturing Companies in Nigeria as a sample size. keywords: accounting; ajibola; assignment; audit; audit fee; audit firm; audit quality; audit report; audited; auditor; change; client; coefficient; companies; data; dependent; effect; efficacy; empirical; evidence; fee; fees; finance; financial; firms; ibrahim; impact; independence; information; journal; lag; lukman; management; mandatory; model; negative; nigeria; omotosho; pharmaceutical; pharmaceutical firms; plc; population; positive; posits; quality; relationship; report; reported; research; result; rotation; saheed; service; significant; statement; study; table; tenure; university; value; variables cache: cjfa-35356.pdf plain text: cjfa-35356.txt item: #217 of 318 id: cjfa-35359 author: Soni, Krunal; Desai, Maulik title: STOCK PRICES: EFFECT OF BEHAVIORAL BIASES ON INVESTOR’S MINDSET IN GUJARAT STATE, INDIA date: 2021-12-11 words: 4035 flesch: 51 summary: Introduction Normally the trend of stock market can be identified with the help of investor’s decision under the different circumstances. Abstract: Stock market performances has been observed through a good deal of litera- ture out of which it has been found out that the behavior of investors is affected through many parameters exist in the market like occurrence of any sudden event or inf luence of Individual advice apart from the past behavior of the stock which is called rational information regarding stock performances as per the traditional finance theory. keywords: ave; behavioral; behavioral biases; biases; company; company information; construct; convergent; criteria; data; different; discriminant; effect; factor; finance; fit; gujarat; impact; india; indirect; information; investors; ipo; issue; journal; location; market; mediation; mediation effect; model; prices; reliability; research; scale; significant; soni; state; stock; stock market; study; table; total; validity; value; variable; variance cache: cjfa-35359.pdf plain text: cjfa-35359.txt item: #218 of 318 id: cjfa-35360 author: ., . title: FOR AUTHORS date: 2021-12-11 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-35360.pdf plain text: cjfa-35360.txt item: #219 of 318 id: cjfa-35362 author: ., . title: EDITORIAL PAGES date: 2021-09-20 words: 780 flesch: 54 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Hatice Düzakın, Süreyya Yılmaz The Determinants of The Level of Financial Literacy in Turkey ........................................ 9 C.S. Divyesh Patel, Naresh K. Patel India Gas Exchange UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: accounting; copernican; dziawgo; economics; finance; gagarina; germany; hab; issn; italy; journal; macerata; national; phone; poland; poland prof; prof; school; spain; spain prof; toruń; umk; universidad; university; warsaw cache: cjfa-35362.pdf plain text: cjfa-35362.txt item: #220 of 318 id: cjfa-35387 author: . title: EDITORIAL PAGES date: 2021-09-23 words: 789 flesch: 53 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Navleen Kaur Determinants of Dividend Payout Decisions of Original Equipment Manufacturers from Indian Automobile Industry ........................................................................................ 9 Zhaochu Li, Iryna P. Lytvynenko, Karl S. Philippoff Reexamining the Economic Recovery Tax Act of 1981: Evidence from Innovative Efficiency ............................................................................................................................. UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: +48; accounting; copernican; dziawgo; economics; finance; gagarina; germany; hab; issn; italy; journal; macerata; national; phone; poland; poland prof; prof; school; spain; spain prof; toruń; umk; universidad; university; warsaw cache: cjfa-35387.pdf plain text: cjfa-35387.txt item: #221 of 318 id: cjfa-35410 author: . title: FOR AUTHORS date: 2021-09-23 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-35410.pdf plain text: cjfa-35410.txt item: #222 of 318 id: cjfa-35411 author: Kaur, Navleen title: DETERMINANTS OF DIVIDEND PAYOUT DECISIONS OF ORGINAL EQUIPMENT MANUFACTURERS FROM INDIAN AUTOMOBILE INDUSTRY date: 2021-12-12 words: 5535 flesch: 51 summary: Kaur* Shri Atmanand Jain (P.G.) College, Ambala City determinants of dividend payout decisions of original equipment manufacturers from indian automobile industry Keywords: dividend, panel data, automobile, original equipment manufacturers, Bom- bay Stock Exchange. Abstract: The purpose of this study is to identify and analyze the variables that signi- ficantly affect dividend payout decisions of Original Equipment Manufacturers (OEMs) from Indian automobile industry listed on the Bombay Stock Exchange (BSE). keywords: analysis; assets; automobile; book; capital; companies; company; correlation; data; decisions; determinants; dividend; dividend payout; earnings; effects; equity; financial; high; indian; industry; kumar; leverage; liquidity; ltd; manufacturers; model; negative; oems; payments; payout; payout decisions; payout ratio; percent; period; positive; present; price; profitability; random; ratio; regression; relationship; research; results; sample; selected; share; shareholders; significant; size; stock; studies; study; table; tangibility; test; value; variables cache: cjfa-35411.pdf plain text: cjfa-35411.txt item: #223 of 318 id: cjfa-35415 author: Li, Zhaochu; Lytvynenko, Iryna P.; Philippoff, Karl S. title: REEXAMING THE ECONOMIC RECOVERY TAX ACT OF 1981: EVIDENCE FROM INNOVATIVE EFFICIENCY date: 2021-12-12 words: 8332 flesch: 59 summary: Second, opponents question the efficacy of R&D tax credits. Third, rankings of R&D tax credits compare only the generosity of governmental policies, but do not ref lect actual spending of firms. keywords: accounting; appendix; application; average; coefficients; competition; control; credit; d1981; database; economic; effect; efficiency; empirical; equation; firm; following; hall; higher; hindext; impact; increase; industry; innovations; innovative; innovative efficiency; interest; journal; measure; new; number; panel; patents; policy; prior; process; r&d; r&d spending; r&d tax; ratio; recovery; regression; reports; research; resources; results; run; second; spending; statistics; study; summary; table; tax; tax credit; total; variables; year; year t cache: cjfa-35415.pdf plain text: cjfa-35415.txt item: #224 of 318 id: cjfa-35439 author: Prasetya Margono, Ferdy; Gantino, Rilla title: THE INFLUENCE OF FIRM SIZE, LEVERAGE, PROFITABILITY, AND DIVIDEND POLICY ON FIRM VALUE OF COMPANIES IN INDONESIA STOCK EXCHANGE date: 2021-12-12 words: 5917 flesch: 60 summary: According to Hirdinis (2019), company size has a negativeaand significant impact to company value. Based on the definition over, it can be resumed that the first hypothesis is: H1: There is an impact of company size, leverage, profitability, and dividend policy simultaneously on company value. keywords: accounting; assets; capital; coefficient; companies; company; company size; company value; dar; data; debt; dependent; dividend; dividend policy; dpr; effect; enterprise; finance; financial; firm; firm size; firm value; food; idx; impact; increase; influence; investors; journal; large; level; leverage; management; margono; number; policy; positive; prasetya; profitability; profits; ratio; regression; research; results; rilla; sales; sector; share; significance; size; study; test; theory; total; value; variable cache: cjfa-35439.pdf plain text: cjfa-35439.txt item: #225 of 318 id: cjfa-35455 author: Tiruneh, Dawit Tadesse title: EMPIRICAL EVIDENCE OF THE SUITABILITY OF IFRS FOR BANKING SECTOR IN SUB-SAHARAN AFRICAN COUNTRIES date: 2021-12-12 words: 5496 flesch: 51 summary: IFRS suitability This subsection examines about the proof of IFRS appropriateness for banking sector in Ethiopia depending on the view of banks financial directors, scholas- tics in the Accounting field and external auditors. The following research endeavors to acquire experiences into the benefits and detriments of IFRS execution in Ethiopian Banking sector depending on the view of banks financial directors, scholastics in accounting and external audi- tor. keywords: accounting; adoption; advantages; africa; anova; appropriateness; auditors; author; banking; banking sector; banks; benefits; business; clients; climate; commercial; construction; corporate; data; dawit; directors; empirical; ethiopia; evidence; examination; example; execution; experience; external; finance; financial; financial reporting; financial sector; gatherings; groups; ifrs; information; international; investigation; journal; mean; members; reporting; reports; research; respondents; saharan; scholastics; sector; standards; sub; suitability; table; tadesse; test; total; years cache: cjfa-35455.pdf plain text: cjfa-35455.txt item: #226 of 318 id: cjfa-35461 author: . title: FOR AUTHORS date: 2021-09-25 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-35461.pdf plain text: cjfa-35461.txt item: #227 of 318 id: cjfa-35462 author: . title: EDITORIAL PAGES date: 2021-09-25 words: 766 flesch: 54 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Mustafa Akan, Natalia Konovalova Optimal Incentives for Economic Growth in Central European Countries: A Micro Approach ............................................................................................................... UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: accounting; copernican; dziawgo; economics; finance; gagarina; germany; hab; issn; italy; journal; macerata; national; phone; poland; poland prof; prof; school; spain; toruń; umk; universidad; university; warsaw cache: cjfa-35462.pdf plain text: cjfa-35462.txt item: #228 of 318 id: cjfa-35471 author: Akan, Mustafa; Konovalova, Natalia title: OPTIMAL INCENTIVES FOR ECONOMIC GROWTH IN CENTRAL EUROPEAN COUNTRIES: A MICRO APPROACH date: 2021-12-13 words: 23501 flesch: 67 summary: These two facts are good indications of the end of effectiveness of monetary (easy money, low interest rate) policies. This is an important result since it helps to explain why low interest rates are no longer effective to induce growth. keywords: = 𝐴𝐴; assumed; build; case; condition; constant; cost; cost function; demand; demand function; denotes; dependent; economic; equation; firm; function; growth; holding; horizon; impact; incentives; inequality; interest; interest rates; inventory; large; low; marginal; marginal cost; necessary; new; period; planning; production; rates; satisfied; sinusoidal; technology; term; time; ≤ 𝐼; � ≤; � 𝑐𝑐𝑐𝑐𝑐𝑐; � 𝑟𝑟; � 𝑢𝑢𝑢𝑢; 𝐴 ℎ𝐼𝐼(𝑡𝑡; 𝐴 𝐴𝐴𝐴𝐴𝑖𝑖𝐴𝐴(𝐴𝐴𝐴𝐴𝐴𝑡𝑡; 𝐴 𝑓𝑓(𝑡𝑡)𝑐𝑐; 𝐴 𝜇𝜇(𝑡𝑡); 𝐴 𝜌𝜌(𝑡𝑡); 𝐴𝐴 𝐴; 𝐻𝐻 �; 𝐼 optimal; 𝐼 𝐼.; 𝐼𝐼(0; 𝐼𝐼𝑢𝑢𝑢𝑢 𝐼; 𝑎𝑎𝑎𝑎 𝐴𝐴; 𝑐𝑐 �; 𝑐𝑐𝐼𝐼 �; 𝑓𝑓𝑢𝑢𝑢𝑢; 𝑖𝑖 �; 𝑖𝑖(𝑡𝑡; 𝑟𝑟(𝑡𝑡; 𝑟𝑟𝑟𝑟𝑟𝑟 �; 𝑢 𝐼; 𝑢 𝑢𝑢𝑢𝑢𝑢𝑢; 𝑢𝑢 �; 𝑢𝑢(𝑡𝑡; 𝑢𝑢𝑢𝑢𝑢𝑢 cache: cjfa-35471.pdf plain text: cjfa-35471.txt item: #229 of 318 id: cjfa-35472 author: Pancenko, Erika; Ivanova, Tatyana title: OPPORTUNITIES FOR INCREASING THE EXPORT OF LATVIA TO UE COUNTRIES date: 2021-12-13 words: 6624 flesch: 48 summary: The ratio of goods of the 3rd group in the overall volume of goods exports to the relevant countries was: Czechia – 18.93%; Denmark – 15.78%; Germany – 13.56%; Finland – 12.65%; Estonia – 11.96%; Sweden – 11.49%; Lithuania – 10.65%. The analysis of goods performed for this study is only an overview of key as- pects of demand for Latvian goods in EU countries, having analysed indices of growth in goods exports to EU countries with consolidated grouping of goods by 4-digit codes. keywords: 2015–2019; analysis; assessment; authors; balance; countries; country; czechia; data; demand; denmark; development; dynamics; economic; erika; estonia; etc; eu countries; export; export growth; export potential; exporters; factors; finland; foreign; freedom; germany; global; goods; goods exports; groups; growth; ief; imports; increase; index; indicator; intensity; international; journal; latvia; latvian export; lithuania; markets; methodology; methods; net; opportunities; order; pancenko; partner; potential; present; promising; quantitative; research; reserves; specific; study; sweden; table; target; tatyana; total; trade; trademap; volume; world; worldwide cache: cjfa-35472.pdf plain text: cjfa-35472.txt item: #230 of 318 id: cjfa-35473 author: Tiruneh, Dawit Tadesse title: THE PERSPECTIVE OF CORPORATE GOVERNANCE ON THE INTERACTIONS OF INTERNAL AUDIT WITH MANAGMENT AND ITS IMPACT ON THE INTERNAL - EXTERNAL AUDIT LINKAGES date: 2021-12-13 words: 6258 flesch: 46 summary: Dawit taDesse tiruneh* GAMBY Medical and Business College the perspective of corporate governance on the interactions of internal auDit with ManageMent anD its iMpact on the internal – external auDit linkages Keywords: management, external audit, internal audit, corporate governance, inter- nal-external audit linkages, Ethiopia. 0.896 0.932 Senior management’s is aware of internal audit’s needs 0.795 Top management’s support positively moderates organizational independence towards the effec- tiveness of internal audits, audit professionalism towards internal audit activities and moderates the effect of the auditee’s perception towards. 0.808 External auditor’s reliance on internal audit is governed by the acceptance of internal audit recommendations by the management. keywords: acceptance; accounting; activities; analysis; associations; audit; audit linkages; audit work; auditing; auditors; author; business; construction; corporate; data; dawit; effectiveness; ethiopia; examination; external; external auditors; factor; findings; frequency; governance; gwilliam; hypothesis; iel; impact; independence; interactions; internal; internal audit; international; journal; level; linkages; maletta; management; managerial; mihret; perspective; positive; professionalism; public; recommendations; reliance; report; research; result; sector; senior; significant; staff; statements; study; support; table; tadesse; variables; viability; work cache: cjfa-35473.pdf plain text: cjfa-35473.txt item: #231 of 318 id: cjfa-37571 author: . title: EDITORIAL PAGES date: 2022-02-27 words: 898 flesch: 50 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Md Ali Ashraf The Impact of Mobile Financial Services on the Usage Dimension of Financial Inclusion: an Empirical Study from Bangladesh ................................................................ 9 Simona Činčalová, Veronika Toporová Model of Psychological Micro Foundations of CSR in Czech Brewery ........................ 27 Renu Isidore, C. Joe Arun Risk Profiling of Secondary Equity Investors from the Chennai City of India Based on the Big Five Personality Model ..................................................................................... 45 Patrycja Konieczna Local Currencies Supporting the Implementation of the Concept of Sustainable Development in Europe ..................................................................................................... UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla – La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: +48; accounting; copernican; dr hab; dziawgo; e n; economics; finance; gagarina; germany; hab; impact; issn; italy; journal; kuzioła; macerata; national; phone; poland; poland prof; prof; school; spain; spain prof; study; toruń; umk; universidad; university; warsaw cache: cjfa-37571.pdf plain text: cjfa-37571.txt item: #232 of 318 id: cjfa-37572 author: . title: FOR AUTHORS date: 2022-02-27 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-37572.pdf plain text: cjfa-37572.txt item: #233 of 318 id: cjfa-37574 author: Md Ali Ashraf title: THE IMPACT OF MOBILE FINANCIAL SERVICES ON THE USAGE DIMENSION OF FINANCIAL INCLUSION: AN EMPIRICAL STUDY FROM BANGLADESH date: 2022-02-27 words: 5616 flesch: 59 summary: Methodology The first task was to examine the trends of the two time series variables perti- nent to MFS usage and financial inclusion, by using monthly data from January, 2017 to December, 2020, obtained from Bangladesh Bank MFS dataset (Bang- ladesh Bank, 2021). Number of MFS agents Source: own study based on Bangladesh Bank MFS dataset (Bangladesh Bank, 2021). keywords: access; agents; bangladesh; bangladesh bank; bank; bank mfs; banking; causality; change; chart; cointegration; constant; d(no; dataset; decomposition; economic; finance; financial; financial inclusion; financial services; granger; growth; impact; impulse; inclusion; journal; mfs; mfs agents; mfs users; mobile; mobile financial; model; months; number; of_mfs_agents; of_registered_clients_per_100000; paper; people; policy; population; registered; response; series; services; significant; stationary; study; table; test; time; trend; unit; users; variables; variance; world cache: cjfa-37574.pdf plain text: cjfa-37574.txt item: #234 of 318 id: cjfa-37576 author: Renu Isidore; C. Joe Arun title: RISK PROFILING OF SECONDARY EQUITY INVESTORS FROM THE CHENNAI CITY OF INDIA BASED ON THE BIG FIVE PERSONALITY MODEL date: 2022-02-27 words: 6658 flesch: 57 summary: With respect to conscientiousness, the respondents with low risk have the highest mean and those with high risk have the lowest mean (table 2). With respect to conscientiousness, the respondents with low risk have the highest mean and those with high risk have the lowest mean (table 4). keywords: age; agreeableness; annual; anova; appetite; behavior; big; conscientiousness; conscientiousness personality; dimensions; durand; equity; equity investors; experience; extraversion; finance; financial; high; high conscientiousness; high investment; high risk; income; individual; inf; investment; investment experience; investors; isidore; joe; journal; level; low; low risk; market; mean; mediocre; medium; model; neuroticism; nicholson; openness; personality; profile; profiling; propensity; regression; renu; research; respondents; results; return; risk; risk profiling; risk tolerance; secondary; senior; significant; spss; study; table; taking; tolerance; type; value; variables; young cache: cjfa-37576.pdf plain text: cjfa-37576.txt item: #235 of 318 id: cjfa-37577 author: Patrycja Konieczna title: LOCAL CURRENCIES SUPPORTING THE IMPLEMENTATION OF THE CONCEPT OF SUSTAINABLE DEVELOPMENT IN EUROPE date: 2022-02-27 words: 3956 flesch: 52 summary: Abstract: Local currencies represent an alternative to fiat money. The effectiveness of the impact exerted by local currencies on sustainable development depends on the involvement of the creators of these currency systems and the specificity of the existing conditions. keywords: access; addition; alternative; area; austrian; bank; beki; belgium; community; concept; consumption; countries; currencies; currency; development; economic; economy; energy; enterprises; europe; exchange; exclusion; financial; functioning; german; goals; goods; implementation; kiwah; koruna; limbu; local; local currencies; modern; money; netherlands; new; non; poverty; production; program; renewable; research; small; social; sources; stable; support; sustainable; sustainable development; switzerland; system; tax; traditional; unemployment; users; value; waste; wir; wörgl; żwawa cache: cjfa-37577.pdf plain text: cjfa-37577.txt item: #236 of 318 id: cjfa-37578 author: Adish Kumar; Kapil Gupta title: EXAMINING THE IMPACT OF STRUCTURAL BREAKS ON PRICE DISCOVERY EFFICIENCY: EVIDENCE FROM THE INDIAN EQUITY FUTURES MARKET date: 2022-02-27 words: 7775 flesch: 70 summary: During full Adish Kumar, Kapil Gupta80 sample period, it is observed that there is a significant bi-directional causality betwe- en cash and futures markets and cash market leads futures market in price discovery. On the contrary, Karmakar and Inani (2019) posit that cash market is domi- nant in price discovery because there are some indirect costs associated with futures market due to which informed trading occurs in cash market. keywords: -0 .7; addition; breaks; cash; cash market; causality; cause; change; covid-19; crisis; demonetization; discovery; efficiency; equity; finance; financial; futures; futures market; global; government; horizon; impact; index; indian; information; io n; ja n; jan; journal; kumar; market; n d; n f; n n; n ov; nfr; nifty; period; post; pre; price; relationship; returns; sample; significant; stated; stock; structural; study; test; volatility; year cache: cjfa-37578.pdf plain text: cjfa-37578.txt item: #237 of 318 id: cjfa-37579 author: Kamaldeen Ibraheem Nageri title: RISK-RETURN RELATIONSHIP IN THE NIGERIAN STOCK MARKET DURING PANDEMIC COVID-19: SECTORAL PANEL GARCH APPROACH date: 2022-02-27 words: 19018 flesch: 53 summary: The following is the general form of the panel GARCH model used in this research: 𝐴𝐴𝐴𝐴𝐴𝐴��� = 𝐶𝐶 𝐶𝐶𝛼𝛼��𝐴𝐴𝐴𝐴𝐴𝐴����� 𝐶𝐶𝛼𝛼��� Cross-section mean return equation for 𝐴𝐴𝐴𝐴𝐴𝐴��� (7) 𝜎𝜎��� = 𝜔𝜔 𝐶 𝛼𝛼𝛼𝛼����� 𝐶𝐶 𝐶𝛽𝛽𝜎𝜎����� Cross-section variance of return equation (8) Where 𝜎𝜎��� represents the cross-section return variance (error term from the mean return equation) is determined by 𝜔𝜔 representing the constant, 𝛼𝛼����� representing the ARCH term showing the past period’s cross-section squared error term derived from the mean return equation and 𝜎𝜎����� representing the GARCH term showing the past period’s cross-section variance of the return. The following is the general form of the panel GARCH model used in this research: 𝐴𝐴𝐴𝐴𝐴𝐴��� = 𝐶𝐶 𝐶𝐶𝛼𝛼��𝐴𝐴𝐴𝐴𝐴𝐴����� 𝐶𝐶𝛼𝛼��� Cross-section mean return equation for 𝐴𝐴𝐴𝐴𝐴𝐴��� (7) 𝜎𝜎��� = 𝜔𝜔 𝐶 𝛼𝛼𝛼𝛼����� 𝐶𝐶 𝐶𝛽𝛽𝜎𝜎����� Cross-section variance of return equation (8) Where 𝜎𝜎��� represents the cross-section return variance (error term from the mean return equation) is determined by 𝜔𝜔 representing the constant, 𝛼𝛼����� representing the ARCH term showing the past period’s cross-section squared error term derived from the mean return equation and 𝜎𝜎����� representing the GARCH term showing the past period’s cross-section variance of the return. keywords: april; bad; cases; conditional; constant; covid-19; cross; data; decline; deviation; different; distribution; effect; error; estimates; estimation; financial; form; garch; garch model; garch term; general; good; heteroscedasticity; higher; impact; index; index return; january; market; mean return; model; negative; news; nigerian; nse; pandemic; panel; past; period; policy; positive; previous; regression; residuals; result; return; return equation; return relationship; return variance; return volatility; risk; section; section garch; section mean; section return; section variance; sectoral; sectors; series; specification; squared; standard; stat; stock; study; table; term; test; value; variance equation; volatility; � 𝐶; 𝐴𝐴𝐴𝐴𝐴𝐴; 𝐶 𝑖𝑖; 𝐶 𝛼𝛼𝛼𝛼; 𝐶𝐶 𝐶; 𝐶𝐶 𝐶𝛽𝛽𝜎𝜎; 𝐶𝐶𝛼𝛼; 𝑔𝑔𝑔𝜎𝜎 �; 𝑖𝑖 �; 𝛾𝛾 �; 𝜎𝜎 � cache: cjfa-37579.pdf plain text: cjfa-37579.txt item: #238 of 318 id: cjfa-37580 author: Avani Raval; Swati Saxena; Shashank Thanki title: HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS date: 2022-02-27 words: 7024 flesch: 56 summary: The findings of the research will assist managers in decision-making about carbon emission project risks.   Various studies discussed the importance of carbon risk. keywords: 2020; analysis; assessment; association; avani; carbon; carbon projects; carbon risk; categories; cdm; cdm projects; change; clean; climate; correlation; cost; countries; country; credit; data; developed; development; economic; economy; emissions; energy; environmental; figure; financial; financial risk; firms; global; greenhouse; iea; implementation; india; international; journal; kyoto; large; legal; level; literature; low; management; mann; market; market risk; mechanisms; methodology; non; operation; organization; performance; policy; private; projects; protocol; raval; reduction; renewable; research; results; review; risk; run; saxena; scale; sector; shashank; solar; statistics; study; supply; sustainable; swati; table; technology; test; time; trading; unfccc; university; variables; whitney; wind cache: cjfa-37580.pdf plain text: cjfa-37580.txt item: #239 of 318 id: cjfa-37581 author: Rihab Ben Slimen; Fethi Belhaj; Manel Hadriche title: BANKING SHORT- AND LONG-TERM STABILITY: A COMPARATIVE STUDY BETWEEN ISLAMIC AND CONVENTIONAL BANKS IN GCC COUNTRIES date: 2022-02-27 words: 7162 flesch: 56 summary: In the continuity of the previous works highlighting that islamic banks are more stable than conventional ones, this study aims to present the evidence that Islamic banks contribute positively to the financial stability of the banking sector in the short and long terms. Youssef (2017) ex- amined the stability of Islamic and conventional banks during and after the re- cent global crisis, while determining its impact on bank stability. keywords: assets; banking; banks; belhaj; ben; coefficient; concentration; conventional; conventional banks; credit; data; determinants; efficiency; empirical; fethi; finance; financial; financial stability; gdp; higher; income; inf; islamic; islamic banks; journal; ladr; liquidity; long; macroeconomic; main; manel; model; positive; profitability; ratio; results; roa; run; score; short; shortand; significant; size; slimen; stability; stable; system; term; term financial; term stability; variables cache: cjfa-37581.pdf plain text: cjfa-37581.txt item: #240 of 318 id: cjfa-37582 author: Dominik Tschinkl; Nathalie Weikert; Dirk Kiesewetter title: THE IMPACT OF TAXES ON INDIVIDUAL LONG-TERM SAVINGS DECISION date: 2022-02-27 words: 12779 flesch: 58 summary: This may be due to the fact that the differences between the possible net payouts were not large enough as the maximum difference in net yield between the three net-equiva- lent treatments (No Tax, Immediate Taxation and Deferred Taxation) and the In- come Tax treatment is 20 percentage points, which equals a difference in the the imPAct of tAxes on individuAl long-term sAvings decision 175 net payout of 30 CU18 or three euros. (1 − 𝑠𝑠𝑖 = 𝑍𝑍 �� 1 − 𝑠𝑠 ∙ (1 + 𝑖𝑖𝑖 ∙ (1 − 𝑠𝑠𝑖 = 𝑆𝑆�� Pa yo ut a ft er ta xa tio n is eq ui va le nt to th e pa yo ut in tr ea tm en t N T Investment and return on investment are tax free Taxation of late payout at tax rate 𝑠𝑠 BT Taxation of immediate payout at tax rate 𝑠𝑠 𝑍𝑍�� = 𝑍𝑍 �� 1 − 𝑠𝑠 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 − 𝑠𝑠𝑖 ∙ (1 + 𝑖𝑖𝑖 = 𝑍𝑍 �� 1 − 𝑠𝑠 ∙ (1 − 𝑠𝑠𝑖 ∙ (1 + 𝑖𝑖𝑖 = 𝑆𝑆�� Pa yo ut a ft er ta xa tio n is eq ui va le nt to th e pa yo ut in tr ea tm en t N T Taxation of invested amount at tax rate 𝑠𝑠 Payout and yield are tax free IT Taxation of immediate payout at tax rate 𝑠𝑠 𝑍𝑍�� = 𝑍𝑍 �� 1 − 𝑠𝑠 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 − 𝑠𝑠𝑖 ∙ (1 + 𝑖𝑖�𝑖 = 𝑍𝑍 �� 1 − 𝑠𝑠 ∙ (1 − 𝑠𝑠𝑖 ∙ (1 + 𝑖𝑖�𝑖 < 𝑆𝑆�� Pa yo ut b ef or e ta xa tio n is e qu iv al en t t o th e pa yo ut in tr ea tm en t N T Taxation of invested amount & yield at tax rate 𝑠𝑠 Payout is tax free Source: own representation. keywords: case; decisions; deferred; deferred taxation; different; different tax; effect; equivalent; experiment; following; gross; higher; hypothesis; immediate payout; immediate taxation; income tax; income taxation; individual; investment; late; long; lower; net; number; participants; payment; payout; phase; possible; preference; regime; respective; results; retirement; return; risk; s s; savings; structure; subject; tax free; tax rate; tax regime; tax treatment; tax 𝑍𝑍; taxation; taxation treatments; taxes; term; time; treatment income; treatments; utility; yield;  ;  ; 𝑆𝑆 �; 𝑍𝑍 �; 𝑖𝑖𝑖; 𝑠𝑠𝑖 cache: cjfa-37582.pdf plain text: cjfa-37582.txt item: #241 of 318 id: cjfa-38786 author: . title: FOR AUTHORS date: 2022-06-20 words: 1169 flesch: 29 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-38786.pdf plain text: cjfa-38786.txt item: #242 of 318 id: cjfa-38787 author: . title: EDITORIAL PAGES date: 2022-06-20 words: 808 flesch: 52 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Hope Osayantin Aifuwa, Muhammed Kamaldeen Usman, Muhammed Lawal Subair, Gideon Temidayo Philip, Kerimu Hussien Board Ethnicity and Sustainability Reporting ..................................................................... 9 Hela Frikha Chaari, Amel Belanès, Azhaar Lajmi Fraud Risk and Audit Quality: UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Elena Kireeva, Russian Presidential Academy of National Economy and Public Administration, Russia Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla - La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: +48; accounting; copernican; dr hab; dziawgo; economics; finance; gagarina; germany; hab; issn; italy; journal; macerata; mgr; national; phone; poland; poland prof; prof; school; spain; spain prof; toruń; umk; universidad; university; warsaw cache: cjfa-38787.pdf plain text: cjfa-38787.txt item: #243 of 318 id: cjfa-38788 author: Osayantin Aifuwa, Hope; Kamaldeen Usman, Muhammed; Lawal Subair, Muhammed; Temidayo Philip, Gideon; Hussien, Kerimu title: BOARD ETHNICITY AND SUSTAINABILITY REPORTING date: 2022-06-20 words: 5971 flesch: 53 summary: The average number of board members was about 14 di- rectors, while the average size of the banks studied stood at N9.286695 with a minimum and maximum value of N8,882,551 and N9,675,762, respectively. boArd ethnicity And sustAinAbility rePorting 19 Table 3. Previous literature has investigat- ed the impact of board members ethnicity on financial performance of firms (see, Ilaboya & Ashafoke, 2017; Ilogho, 2017; Omoye & Eriki, 2013). keywords: 2013; accounting; aifuwa; analysis; banks; board; board ethnicity; board members; computation; corporate; data; deposit; directors; disclosure; diverse; diversity; economic; effect; environmental; eriki; ethnic; ethnic groups; ethnicity; financial; firms; group; hausa; igbo; impact; inf; information; journal; luence; major; management; measure; members; minor; minor ethnic; model; money; nigeria; normality; omoye; panel; performance; philip; proportion; regression; reporting; size; social; state; study; subair; sustainability; sustainability reporting; table; test; total; usman; variables; yoruba cache: cjfa-38788.pdf plain text: cjfa-38788.txt item: #244 of 318 id: cjfa-38789 author: Frikha Chaari, Hela; Belanès, Amel; Lajmi, Azhaar title: FRAUD RISK AND AUDIT QUALITY: THE CASE OF US PUBLIC FIRMS date: 2022-06-20 words: 6475 flesch: 58 summary: us public firMs Keywords: fraud risk, bankruptcy, audit quality, financial reporting, Beneish M-score model, Z-score model. The paper suggests a more comprehensive proxy for fraud risk that relies on the combination of Z-score and Beneish M-score. keywords: .0001; accounting; altman; amel; assets; aud_big; aud_fee; audit; audit committee; audit quality; auditor; azhaar; belanès; beneish; big; binary; case; chaari; committee; companies; company; corporate; detection; earnings; evidence; existence; expertise; external; fees; finance; financial; firms; fraud; fraud risk; fraudulent; frikha; hela; high; independent; information; internal; internal audit; international; journal; lajmi; lev; management; members; model; occurrence; practices; public; quality; relationship; reporting; research; results; risk; roa; role; sample; score; significant; study; table; university; variables cache: cjfa-38789.pdf plain text: cjfa-38789.txt item: #245 of 318 id: cjfa-38805 author: Olalekan Iredele, Oluwamayowa; Babatunde Adeyeye, Gbadegesin; Babatunde Owoyomi, Ebenezer title: CREATIVE ACCOUNTING AND SHAREHOLDERS WEALTH MAXIMIZATION IN LISTED CONSUMER GOODS COMPANIES IN NIGERIA date: 2022-06-20 words: 6503 flesch: 46 summary: Branka, Ivana and Ivo (2018) opined that creative accounting is applied with the motive creAtive Accounting http://dx.doi.org/10.12775/CJFA.2022.003 oluwaMayowa olaleKan iredele* University of Lagos GbadeGesin babatunde adeyeye** University of Lagos ebenezer babatunde owoyoMi*** PricewaterhouseCoopers, Lagos creative accountinG and sHareHolders wealtH MaxiMization in listed consuMer Goods coMpanies in niGeria Keywords: creative accounting, shareholders’ wealth, Nigerian Stock Exchange. keywords: accounting; accounting practices; adeyeye; assets; business; capital; changes; companies; company; consumer; corporate; creative; creative accounting; data; depreciation; discount; earnings; effect; exchange; financial; firm; frequent; goods; impact; inf; information; international; inventory; iredele; journal; liabilities; management; managers; market; maximization; method; model; nigeria; performance; policy; positive; practices; rates; relationship; reports; research; result; shareholders; shareholders wealth; significant; significant effect; statements; statistics; stock; study; table; theory; valuation; value; variables; wealth cache: cjfa-38805.pdf plain text: cjfa-38805.txt item: #246 of 318 id: cjfa-38806 author: Kulshrestha, Preeti; Srivastava, Anubha title: USE OF CAMEL RATING FRAMEWORK: A COMPARATIVE PERFORMANCE ANALYSIS OF SELECTED COMMERCIAL BANKS IN INDIA date: 2022-06-20 words: 6949 flesch: 60 summary: Results shown that private sector banks are better performers compare to Public sector bank. Amongst Public Sector banks Union bank has the highest average in terms of Assets uti- lization ratio followed by PNB and SBI. keywords: adequacy; analysis; anubha; approach; asset; author; average; avg; axis; bank; banking; best; better; business; camel; capital; car; cash; central; commercial; composite; deposit; difference; efficiency; employee; financial; financial performance; framework; hdfc; highest; icici; india; indusind; international; journal; kulshrestha; liquidity; maharashtra; management; model; net; npa; overall; performance; pnb; poor; preeti; private; private sector; profit; public; public sector; quality; rank; rank avg; rating; ratio; reports; research; sbi; sector; sector banks; significant; study; table; uco; use; yes cache: cjfa-38806.pdf plain text: cjfa-38806.txt item: #247 of 318 id: cjfa-38808 author: Ben Slimen, Rihab; Belhaj, Fethi; Hadriche, Manel; Ghroubi, Mohamed title: BANKING EFFICIENCY: A COMPARATIVE STUDY BETWEEN ISLAMIC AND CONVENTIONAL BANKS IN GCC COUNTRIES date: 2022-06-20 words: 6493 flesch: 54 summary: http://dx.doi.org/10.12775/CJFA.2022.005 riHab ben sliMen* Carthage University, Tunisia fetHi belHaj** Carthage University, Tunisia Manouba University, Tunisia Manel HadricHe*** Carthage University, Tunisia Manar University, Tunisia MoHaMed GHroubi**** Ez-Zitouna University, Tunisia banKinG efficiency: a coMparative study between islaMic and conventional banKs in Gcc countries R. B. Slimen, F. Belhaj, M. Hadriche, M. Ghroubi90 Keywords: banking efficiency, CIR ratio, conventional banks, Islamic banks, stochastic frontier analysis. The results show that Islamic banks are less efficient in terms of cost than conventional banks, and that this result remains valid even during the 2008 crisis period and even after con- trolling for bank-specific variables. keywords: analysis; assets; banking; banking efficiency; banks; belhaj; business; cir; comparative; conventional; conventional banks; cost; countries; crisis; data; dea; economics; efficiency; empirical; finance; financial; frontier; gcc; hadriche; income; international; islamic; islamic banks; journal; management; measure; model; period; ratio; results; scale; score; sfa; significant; size; slimen; specific; stochastic; studies; study; table; terms; tunisia; university; variables; ɛit; � 𝑙𝑙𝑙𝑙 cache: cjfa-38808.pdf plain text: cjfa-38808.txt item: #248 of 318 id: cjfa-41509 author: . title: FOR AUTHORS date: 2022-12-23 words: 1186 flesch: 27 summary: for authors Peer Review ProcessPeer Review Process The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; board; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-41509.pdf plain text: cjfa-41509.txt item: #249 of 318 id: cjfa-41510 author: . title: EDITORIAL PAGES date: 2022-12-23 words: 797 flesch: 54 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Kaushik Bhattacharjee, Neetu Yadav, Geeta Singh Does Mutual Fund Manager’s Attributes Impact Fund Performance? UMK, mgr Anna Olewnik-Dejewska scientific council Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla-La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: +48; accounting; copernican; dziawgo; economics; finance; gagarina; germany; hab; issn; italy; journal; macerata; mgr; national; phone; poland; poland prof; prof; school; spain; spain prof; toruń; umk; universidad; university; warsaw cache: cjfa-41510.pdf plain text: cjfa-41510.txt item: #250 of 318 id: cjfa-41511 author: Bhattacharjee, Kaushik; Yadav, Neetu; Singh, Geeta title: DOES MUTUAL FUND MANAGER’S ATTRIBUTES IMPACT FUND PERFORMANCE? EVIDENCE FROM INDIA date: 2022-12-23 words: 7273 flesch: 56 summary: Similarly, the Q- code 3 represents fund manager is a Bachelor of Technology (B.Tech), and Master of Business Administration. Similarly, the Q-code 3 represents fund manager is a Bachelor of Technology (B.Tech), and Master of Business Administration. keywords: attributes; better; bhattacharjee; business; capital; categories; characteristics; chevalier; code; data; debt; degrees; different; educational; ellison; ended; evidence; experience; finance; financial; fund; fund managers; fund performance; growth; higher; iims; impact; income; india; industry; institutions; investment; journal; management; managerial; managers; mar/; mba; mutual; mutual fund; number; open; performance; qualification; related; relation; results; returns; risk; sample; scheme; studies; study; table; work; yadav; years; 𝐶𝐶𝐶𝐶𝐶𝐶𝐶𝐶𝑖𝑖; 𝛽𝛽1(experience_yrs𝑖𝑖; 𝛽𝛽3(agescheme_managers𝑖𝑖; 𝛽𝛽4(age_scheme𝑖𝑖; 𝜀𝜀𝑖𝑖 cache: cjfa-41511.pdf plain text: cjfa-41511.txt item: #251 of 318 id: cjfa-41512 author: A. Emeka-Nwokeji, Nkechi; Nangih, Efeeloo; O. Chiedu, Christian; N. Ekwunife, Ebele title: REACTION OF SHARE PRICES TO DIVIDEND POLICY OF NON-FINANCIAL FIRMS IN NIGERIA: A PANEL DATA APPROACH date: 2022-12-23 words: 7585 flesch: 59 summary: Thus, Omilabua, Alao and Situ (2018) posit that dividend policy indicates established benchmarks and guidelines which underpins management’s de- cision regarding distributing Profit after Tax (PAT) to ordinary sharehold- ers. As a result, prospective investors can use dividend policy as a source of information before committing to an investment (Margono & Gantino, 2021). keywords: age; analysis; business; c.o; cash; chiedu; companies; company; data; descriptive; dividend; dividend payout; dividend policy; dividend yield; dps; earnings; effect; emeka; exchange; finance; financial; firm; firm size; impact; investors; journal; market; market price; maximum; minimum; model; n.a; nangih; nigeria; normality; nwokeji; payout; performance; period; policy; positive; price; ratio; reaction; regression; relationship; research; result; share; share price; shareholders; significant; size; statistics; stock; study; table; test; value; variables; volatility; years; yield cache: cjfa-41512.pdf plain text: cjfa-41512.txt item: #252 of 318 id: cjfa-41518 author: Karthigeyan, A.; Mariappan, V.; Mani, R. title: RECAPITALIZATION AND ITS IMPACT ON BANK’S STABILITY, COMPETITIVENESS AND PROFITABILITY: EVIDENCE FROM INDIAN PSBs date: 2022-12-23 words: 6663 flesch: 58 summary: Moreover, the large capital infused banks have used the cap- ital for further lending which may also increase the credit risk but it is not in the case of small banks because they use the capital infusion for their further strengthening of bank capital. The reason may be Basel III implementation process started in India during 2013 and it ended in 2019 for further strengthening of bank capital and attaining global standards. keywords: adequacy; allahabad; assets; bank; banking; capital; capital infusion; chart; competitiveness; crisis; crores; data; effect; equity; f(ci; finance; financial; funds; global; government; impact; increase; india; indicators; individual; infusion; injection; karthigeyan; lending; level; line; loans; low; mariappan; medium; model; non; overall; panel; percent; performance; period; profitability; psbs; public; punjab; ratio; recapitalization; risk; sector; seos; shares; significant; stability; state; study; table; tarp; term; total; variable; years cache: cjfa-41518.pdf plain text: cjfa-41518.txt item: #253 of 318 id: cjfa-41519 author: Nasreen, Taslima; Baker, Ron title: CANADIAN GOVERNMENT ACCOUNTING: A SYSTEMATIC REVIEW date: 2022-12-23 words: 9418 flesch: 39 summary: The scope and impact of government accounting are very pervasive because they “affect not just how resources are produced and distributed in an econo- my, but [also] what is deemed organizationally and socially rational and valua- cAnAdiAn governMent Accounting: A systeMAtic review 7373 ble” (Cooper & Robson, 2006, p. 415). Coper- nican Journal of Finance & Accounting, 11(2), 71–97. http://dx.doi.org/10.12775/CJFA.2022.009 taslima nasreen* Gordon S. Lang School of Business and Economics at the University of Guelph ron baKer** Gordon S. Lang School of Business and Economics at the University of Guelph canadian Government accountinG: a sYstematic review Keywords: Canadian government accounting, financial accounting, managerial ac- counting, auditing, systematic review. keywords: accountability; accounting; accounting practices; accounting research; accrual; analysis; area; articles; auditing; authors; baker; basis; budgeting; busby; business; canada; canadian; canadian government; canadian public; capital; context; costing; debt; descriptive; different; domain; evolution; expenditure; federal; federal government; financial; financial accounting; findings; focus; framework; fund; future; general; government; government accounting; helden; historical; history; inf; institute; international; journal; light; lin; literature; management; management accounting; managerial; methods; nasreen; net; new; number; organizational; papers; percent; performance; perspective; political; practices; process; provincial; public; public accounting; public sector; publication; rennie; reporting; research; review; robson; role; sector; sector accounting; standards; statement; studies; study; systematic; table; techniques; theoretical; theory; tier; time; total; transparency; uddin; van; year cache: cjfa-41519.pdf plain text: cjfa-41519.txt item: #254 of 318 id: cjfa-41543 author: . title: FOR AUTHORS date: 2022-12-28 words: 1186 flesch: 28 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; board; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-41543.pdf plain text: cjfa-41543.txt item: #255 of 318 id: cjfa-41544 author: . title: EDITORIAL PAGES date: 2022-12-28 words: 774 flesch: 55 summary: Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Waldemar Tarczyński, Szczecin University, Poland Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland table of contents Rajesh Desai, Avani Raval Examining the Relation Between Market Value and CO2 Emission: Study of Indian Firms ............................................................................................................. 9 R. Mani, S. Thiyagarajan, N. Azhaguraja, S. Janakiraman Users’ Engagement in Banking Activities on Social Media: Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla-La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain Prof. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, WSB University in Poznań, Poland Prof. Małgorzata Zaleska, Warsaw School of Economics, Poland S t a t keywords: accounting; board; copernican; dr hab; dziawgo; economics; finance; germany; hab; issn; italy; journal; macerata; mgr; national; poland; poland prof; prof; school; spain; spain prof; toruń; umk; universidad; university; warsaw cache: cjfa-41544.pdf plain text: cjfa-41544.txt item: #256 of 318 id: cjfa-41545 author: Desai, Rajesh; Raval, Avani title: EXAMINING THE RELATION BETWEEN MARKET VALUE AND CO2 EMISSION: STUDY OF INDIAN FIRMS date: 2022-12-28 words: 5286 flesch: 54 summary: Effect of COEffect of CO22 emission on firm value emission on firm value Present study is based on unbalanced panel data of CDP India firms that have disclosed CO2 data through responding CDP questionnaire. Copernican Journal of Finance & Accounting, 11(3), 9–25, http://dx.doi. org/10.12775/CJFA.2022.011 Rajesh Desai* Pandit Deendayal Energy University avani Raval** Institute of Management, Nirma University examining the Relation between maRket value anD co2 emission: stuDy of inDian fiRms Keywords: market value, CO2 emission, India, sustainability, emerging. keywords: accounting; analysis; avani; business; capital; carbon; carbon emission; cdp; co2; co2 emission; companies; corporate; correlation; data; delmas; desai; discharge; disclosure; effect; emission; environmental; et al; finance; financial; findings; firm; firm value; firoz; gmm; growth; impact; important; india; information; issue; journal; level; leverage; market; market value; mbv; model; negative; output; past; performance; present; rajesh; ratio; regression; relation; research; results; review; sample; significant; size; studies; study; table; tobin; value; variables; wang; year cache: cjfa-41545.pdf plain text: cjfa-41545.txt item: #257 of 318 id: cjfa-41546 author: Mani, R.; Thiyagarajan, S.; Azhaguraja, N.; Janakiraman, S. title: USERS’ ENGAGEMENT IN BANKING ACTIVITIES ON SOCIAL MEDIA: A STUDY WITH REFERENCE TO FACEBOOK date: 2022-12-28 words: 7378 flesch: 69 summary: An event study analysis was carried out for a period from 7 to 90 days to see the difference in likes for bank posts on the Facebook. An event study analysis was carried out for a period of 7 to 90 days to see the difference in comments for bank posts on Facebook. keywords: activities; analysis; author; axis; azhaguraja; banking; banks; bob; business; comments; customers; days; demonetization; difference; engagement; event; facebook; followers; hdfc; higher; icici; india; likes; mani; mean; media; number; page; period; platforms; pnb; posts; presence; present; private; private sector; public; public sector; sbi; sector; sector banks; services; shares; significant; significant difference; social; social media; study; table; thiyagarajan; users; value cache: cjfa-41546.pdf plain text: cjfa-41546.txt item: #258 of 318 id: cjfa-41547 author: Ojuolape Gold, Nusirat; Osayantin Aifuwa, Hope title: BOARD MEETING AND SUSTAINABILITY REPORTING OF BANKS IN NIGERIA date: 2022-12-28 words: 5991 flesch: 48 summary: http://dx.doi.org/10.12775/ CJFA.2022.013 nusiRat ojuolape golD Kwara State University hope osayantin aifuwa University of Benin boaRD meeting anD sustainability RepoRting of banks in nigeRia Keywords: board meeting, sustainability reporting, global reporting initiative, listed deposit money banks. Sustainability issues are also discussed in board meeting and policies are made to meet the need and request of stakeholders of organization (Baba & Abdul- manaf, 2017). keywords: accounting; aifuwa; analysis; association; banks; board; board meeting; business; control; corporate; csr; data; dependent; deposit; directors; disclosure; economic; effect; environmental; esg; finance; financial; firms; fodio; framework; gold; governance; h.o; hope; impact; index; information; issues; iyafekhe; journal; level; management; meeting; model; money; musa; nigeria; number; nusirat; ojuolape; osayantin; panel; performance; quality; regression; reporting; research; responsibility; sampled; sciences; section; significant; size; social; squares; statistic; study; sustainability; sustainability disclosure; sustainability reporting; table; test; theory; time; total; university; uwuigbe; variable cache: cjfa-41547.pdf plain text: cjfa-41547.txt item: #259 of 318 id: cjfa-41550 author: Singh, Geeta; Dwesar, Rishi title: BOARD GENDER DIVERSITY, FIRM PERFORMANCE AND FIRM RISK: A LITERATURE SURVEY date: 2022-12-28 words: 5920 flesch: 58 summary: org/10.12775/CJFA.2022.014 geeta singh ICFAI Business School Hyderabad Rishi DwesaR ICFAI Business School Hyderabad boaRD genDeR DiveRsity, fiRm peRfoRmance anD fiRm Risk: a liteRatuRe suRvey Keywords: board gender diversity, firm performance, firm risk. Abstract: In this paper, we conduct a succinct review of literature to understand the impact of board gender diversity on firm performance and firm risk. keywords: articles; association; better; board; board diversity; board gender; boardroom; business; carter; ceo; corporate; countries; different; directors; economics; effect; evidence; female; finance; financial; financial performance; findings; firm; firm performance; firm risk; geeta; gender diversity; governance; higher; impact; international; journal; literature; liu; lower; management; market; negative; positive; presence; relation; representation; research; results; review; rishi; risk; roa; sample; significant; singh; stock; studies; study; taking; tobin; value; women cache: cjfa-41550.pdf plain text: cjfa-41550.txt item: #260 of 318 id: cjfa-41564 author: Zhubikenov, Adil title: KAZAKHSTAN AND ITS INVESTMENT DEVELOPMENT PATH date: 2022-12-28 words: 5012 flesch: 55 summary: Copernican Journal of Finance & Accounting, 11(3), 85–97. http://dx.doi.org/10.12775/CJFA.2022.015 aDil zhubikenov Nicolaus Copernicus University kazakhstan anD its investment Development path Keywords: foreign direct investment, investment development path, Kazakhstan, net outward income. This article attempts to explore the theory of investment development path (IDP according to Dunnings’s theory) of Kazakhstan which economy was considered as transitional, and its key component, the net external investment position, the starting point for data analysis is the beginning of Kazakhstan’s transition to the market system in 1991. keywords: advantages; business; capital; china; countries; country; data; developed; development; development path; direct; direct investment; dunning; eclectic; economic; economies; economy; efficiency; european; fdi; figure; foreign; global; gorynia; idp; increase; inf; intensive; international; investment; investment development; j.h; journal; kazakhstan; lows; manufacturing; market; narula; net; noi; nowak; ofdi; outflows; outward; outward fdi; paradigm; path; research; seeking; stage; studies; transition; unctad; wolniak; world; years cache: cjfa-41564.pdf plain text: cjfa-41564.txt item: #261 of 318 id: cjfa-45162 author: . title: FOR AUTHORS date: 2023-07-19 words: 1186 flesch: 28 summary: The procedures governing the review process of articles submitted for publica- tion in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 2 June 2015 on the criteria and evaluation of scientific journals. The jour- nal’s ethical principles are based on Code of Conduct and Best Practice Guide- lines for Journal Editors edited by Committee on Publication Ethics: https:// publicationethics.org/. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; authorship; board; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-45162.pdf plain text: cjfa-45162.txt item: #262 of 318 id: cjfa-45163 author: . title: EDITORIAL PAGES date: 2023-07-19 words: 670 flesch: 53 summary: UMK, mgr Anna Olewnik-Dejewska SCIENTIFIC COUNCIL Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. Gordon Chang, National Taiwan University of Science and Technology, Taiwan Prof. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. Luis Otero González, Universidad de Santiago de Compostela, Spain Prof. Christiane Goodfellow, Jade Hochschule Wilhelmshaven, Germany Prof. Günter Hofbauer, Technische Hochschule Ingolstadt Business School, Ingolstadt, Germany Prof. Rytis Krušinskas, Kaunas University of Technology, Lithuania Prof. Monika Marcinkowska, University of Lodz, Poland Prof. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla-La Mancha, Spain Prof. David Naranjo-Gil, Universidad Pablo de Olavide, Sevilla, Spain S t a t Spain Prof. Nirundon Tapachai, Kasetsart University, Thailand Prof. Gerard Olivar Tost, National University of Colombia, Colombia Prof. Yolanda Trujillo-Adria, Universitat Politècnica de València, Spain Prof. Jan Turyna, Warsaw University, Poland TABLE OF CONTENTS Gbenga Festus Babarinde, Bashir Ahmad Daneji, Mamoud Abdul Jalloh, Tajudeen Idera Abdulmajeed Financial Inclusion Implications on the Liquidity of the Nigerian Capital Market ......... Hafida Nur Chofifah, Ani Wilujeng Suryani Korean Music Awards and Abnormal Stock Returns ...................................................... keywords: accounting; copernican; dziawgo; editor; finance; financial; germany; hab; issn; italy; journal; macerata; national; poland; politècnica; prof; spain; spain prof; taiwan; technology; universidad; university; valència cache: cjfa-45163.pdf plain text: cjfa-45163.txt item: #263 of 318 id: cjfa-45164 author: Gbenga Festus Babarinde; Bashir Ahmad Daneji; Mamoud Abdul Jalloh; Tajudeen Idera Abdulmajeed title: FINANCIAL INCLUSION IMPLICATIONS ON THE LIQUIDITY OF THE NIGERIAN CAPITAL MARKET date: 2023-07-19 words: 10562 flesch: 48 summary: finanCial inClusion imPliCations on thE liquidity… 1515 Research methodology and research processResearch methodology and research process Research Design and Data DescriptionResearch Design and Data Description This study’s aim is to determine the implications of financial inclusion on stock market liquidity in Nigeria based on ex-post facto research design. finanCial inClusion imPliCations on thE liquidity… 1919 Theoretically, each of the indicators of financial inclusion, credit penetra- tion, bank penetration and deposit penetration, is expected to have significant relationship with liquidity of the capital market in Nigeria. keywords: adf; bank; bank penetration; capital; cointegration; cointegration test; covariance; credit; credit penetration; data; deposit; deposit penetration; financial; financial inclusion; gujarati; impact; implications; inclusion; johansen; juselius; liquidity; market; market turnover; model; nigeria; non; order; penetration; periods; porter; property; response; root; series; smtr; stationary; stock; stock market; study; test; time; time series; turnover; unit; unit root; value; variables; ß𝐢𝐢𝚫𝚫𝚫𝚫𝐭𝐭 �; � bkp; � crp; � dpp; � ß; � ɛ𝒕𝒕; � �; 𝐢𝐢 �; 𝐱𝐱𝐭𝐭 �; 𝐻𝐻 �; 𝑖𝑖𝑡𝑡𝑡𝑡𝑡𝑡𝑖𝑖𝑟𝑟𝑢𝑢𝑡𝑡𝑡𝑡𝑠𝑠; 𝑡𝑡𝑟𝑟𝑟𝑟𝑡𝑡 𝐻𝐻; 𝑡𝑡𝑡𝑡𝑡𝑡𝑡; 𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡𝑡; 𝑢𝑢𝑢𝑢𝑖𝑖𝑡𝑡; 𝚫𝚫𝐭𝐭 � cache: cjfa-45164.pdf plain text: cjfa-45164.txt item: #264 of 318 id: cjfa-45166 author: Hafida Nur Chofifah; Ani Wilujeng Suryani title: KOREAN MUSIC AWARDS AND ABNORMAL STOCK RETURNS date: 2023-07-19 words: 6008 flesch: 59 summary: Therefore, the impact of award information on the occurrence of ARs in entertainment com- panies is important to study. Stock returns movements 2018 Figure 2. keywords: 2019; abnormal; accounting; analisis; announcements; ars; artists; award; behavioral; business; car; cars; chart; chofifah; companies; company; confidence; corporate; cube; dan; date; decisions; different; efficient; entertainment; event; fama; figure; finance; gcma; gda; good; hafida; http://dx.doi; idols; impact; increase; indonesia; industry; information; international; investment; investors; journal; jyp; korean; making; malang; management; market; movements; music; music awards; negative; news; nur; overreaction; performance; period; perusahaan; pop; positive; price; public; ref; research; result; returns; saham; soribada; south; stock; stock returns; studies; study; suryani; t+1; table; test; value; wilujeng; window cache: cjfa-45166.pdf plain text: cjfa-45166.txt item: #265 of 318 id: cjfa-45177 author: Wulli Faustin Djoufouet; Thierry Messie Pondie title: IMPACTS OF FINTECH ON FINANCIAL INCLUSION: THE CASE OF SUB-SAHARAN AFRICA date: 2023-07-19 words: 9528 flesch: 65 summary: org/10.12775/CJFA.2022.019 Wulli faustin djoufouet* University of Bamenda thierry messie pondie** University of Dschang impacts of fintech on financial inclusion: the case of sub-saharan africa Keywords: FinTech, financial inclusion, Lewbel 2SLS. In fact, financial inclusion is the provision of low-cost finan- cial services to middle-income people who are disadvantaged by the tradition- al financial system (Ozili, 2018). keywords: access; account; africa; applications; average; baum; business; control; countries; country; covid-19; data; demir; development; digital; djoufouet; driscoll; econometric; economic; education; effect; endogeneity; evidence; faustin; finance; financial; financial inclusion; financial services; fintech; funds; global; growth; heteroscedasticity; impact; inclusion; income; increase; index; inequality; instruments; international; journal; kraay; level; lewbel; low; messie; method; mobile; model; new; pandemic; paper; penetration; people; period; phone; populations; positive; problem; rate; research; results; review; saharan; services; specific; squares; stage; study; sub; system; table; technique; thierry; time; use; variables; world; wulli; � 𝐸𝐸𝐸𝐸𝐸𝐸𝐸𝐸; � 𝑆𝑆𝐹𝐹𝐹𝑆𝑆𝑆𝑆𝐸𝐸; 𝐹𝐹𝐹𝐹𝐹𝐹; 𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹 �; 𝑋𝑋 �; 𝜀𝜀 � cache: cjfa-45177.pdf plain text: cjfa-45177.txt item: #266 of 318 id: cjfa-45186 author: Danuta Dziawgo title: CLASSIFICATION OF STAKEHOLDERS ACTIVISM AIMING TO INFLUENCE CORPORATE SOCIAL RESPONSIBILITY date: 2023-07-19 words: 5808 flesch: 45 summary: org/10.12775/CJFA.2022.020 danuta dziaWGo* Nicolaus Copernicus University in Toruń classification of stakeholders activism aiminG to influence corporate social responsibility Keywords: Corporate Social Responsibility, classification, theory, sustainable develop- ment, shareholder activism, consumer activism. On the other hand, consumers activism can be described as the active impact on company strat- egy and practices via consumer purchase power. keywords: actions; active; activism; activities; activity; aim; analysis; approach; behavior; boycott; business; case; certain; classification; commitment; companies; company; consumers; corporate; corporate social; criterion; csr; customer; danuta; development; distinguished; employees; entities; entity; environmental; ethics; example; fernández; financial; group; hand; impact; individual; investment; investors; issues; journal; kim; law; level; literature; management; market; media; number; organizations; particular; performance; positive; pressure; products; research; responsibility; responsible; result; review; rights; rodríguez; social; social responsibility; society; stakeholders; strategy; study; support; sustainable; term; time; value cache: cjfa-45186.pdf plain text: cjfa-45186.txt item: #267 of 318 id: cjfa-45188 author: Rajasekharan Ganesh; S. Thiyagarajan; Gopala Vasudevan; G. Naresh title: INVESTORS’ OVERCONFIDENCE IN THE STOCK MARKET date: 2023-07-19 words: 5578 flesch: 59 summary: The objective of the study is to find out the presence of overconfidence bias by examining the relationship between market return, trading volume and price volatility. These investors are termed to bear overconfidence bias. keywords: bias; biases; data; days; decisions; deviation; effect; evidence; figure; finance; financial; ganesh; increase; indian; information; investment; investors; journal; lag; lags; level; log; luence; market; market return; model; number; odean; overconfidence; overconfidence bias; period; positive; presence; price; relationship; response; results; return; shows; significance; stock; stock market; studies; study; table; test; thiyagarajan; time; trade; trading; trading volume; value; var; variable; vasudevan; volatility; volume cache: cjfa-45188.pdf plain text: cjfa-45188.txt item: #268 of 318 id: cjfa-45200 author: Nisarg A. Joshi title: IMPACT OF COVID-19 ON PERFORMANCE ON INDIAN STOCK INDICES: A STUDY FOR NSE COMPOSITE AND SECTORAL INDICES date: 2023-07-19 words: 9906 flesch: 62 summary: Ahmar and Val (2020) studied the short-run impact of coronavirus on Spain stock market index and found that SutteARIMA was a better method to estimate the effect of Covid-19 on the index. Nifty 500 index and Nifty FMCG index showed insignificant positive relationship between COVID-19 and skewness. keywords: analysis; bank; composite; covid-19; covid-19 lockdown; covid-19 period; daily; data; december; deviation; dummy; equal; error; finance; financial; impact; increase; index; indian; indices; international; january; journal; july; june; kurtosis; level; lockdown; lockdown period; market; metal; negative; nifty; nisarg; pandemic; performance; period; pharma; positive; post; pre; regression; relationship; results; returns; sample; sectoral; services; significant; skewness; standard; stock; stock indices; study; sub; table; term; time; value; variable; volatility; 𝐶𝐶𝐶𝐶𝐶𝐶𝐶𝐶𝑆𝑆 cache: cjfa-45200.pdf plain text: cjfa-45200.txt item: #269 of 318 id: cjfa-45201 author: Urszula Król title: A THEORETICAL ANALYSIS OF THE NEW POLISH INCOME TAX SYSTEM date: 2023-07-19 words: 7049 flesch: 61 summary: Tax amount calculation rules in Poland – progressive tax scale in 2021 Annual taxable income Tax amount calculation rules over up to PLN 85,528 17% of the tax base less the tax-decreasing amount PLN 85,528 PLN 14,539.76 + 32% of excess tax base above PLN 85,528 S o u r c e : Act of 26 July 1991 on personal income tax (consolidated text: Journal of Laws, 2021, No. 1128 as amended). S o u r c e : Act of 26 July 1991 on personal income tax (consolidated text: Journal of Laws, 2021, No. 1128 as amended). keywords: 000,00; analysis; base; basis; burden; business; calculation; changes; costs; deal; different; elaboration; entrepreneurs; figure; flat; form; health; health insurance; higher; income; income tax; insurance; journal; new; optimal; pln; polish; progressive; progressive tax; rate; revenue; rules; scale; system; table; tax; taxable; taxation; theoretical; v.1; v.2 cache: cjfa-45201.pdf plain text: cjfa-45201.txt item: #270 of 318 id: cjfa-45203 author: Salah Uddin Rajib title: MAX WEBER’S RATIONALITY IN ACCOUNTING RESEARCH date: 2023-07-19 words: 8960 flesch: 64 summary: Copernican Journal of Fi- nance & Accounting, 11(4), 165–181. http://dx.doi.org/10.12775/CJFA.2022.024 salah uddin rajib* Jahangirnagar University max Weber’s rationality in accountinG research Keywords: Max Weber, rationality, accounting, social studies, research, review. It is expected that the study will contrib- ute to understand the application of Weber’s concept in accounting research and poten- tiality as well. keywords: accountability; accounting; accounting research; action; analysis; auditing; business; capitalism; concept; covaleski; e m; economic; ethics; formal; framework; groups; historical; history; implementation; io n; journal; kalberg; l s; max; max weber; modern; number; organizations; papers; process; rationalities; rationality; rationalization; research; s oc; s th; s tu; salah; se s; social; society; study; substantive; swidler; tension; th e; ti ng; uddin; un ti; weber cache: cjfa-45203.pdf plain text: cjfa-45203.txt item: #271 of 318 id: cjfa-45206 author: Geeta Singh; Kaushik Bhattacharjee; Srikanth Potharla title: A LITERATURE SURVEY AND BIBLIOMETRIC ANALYSIS OF THE IMPACT OF CONTROLLING SHAREHOLDERS ON DIVIDEND POLICY date: 2023-07-19 words: 6267 flesch: 55 summary: http://dx.doi.org/10.12775/CJFA.2022.025 Geeta sinGh* ICFAI Business School kaushik bhattacharjee** ICFAI Business School srikanth potharla*** ICFAI Business School a literature survey and bibliometric analysis of the impact of controllinG shareholders on dividend policy Keywords: dividend policy, controlling shareholders, agency problem, signalling, bib- liometric analysis. We examine the literature on the linear and http://dx.doi.org/10.12775/CJFA.2022.025 Geeta Singh, Kaushik Bhattacharjee, Srikanth Potharla184184 non-linear association between the equity holding of the controlling shareholders and dividend policy. keywords: agency; analysis; articles; association; authors; average; bhattacharjee; bibliometric; cash; cent; citations; collaboration; control; corporate; countries; country; database; dividend; dividend payout; dividend policy; equity; evidence; family; finance; financial; firm; geeta; governance; impact; information; insiders; journal; kaushik; level; linear; literature; low; negative; non; note; ownership; papers; payout; policy; positive; problem; relation; research; results; review; scopus; shareholders; singh; srikanth; structure; studies; study; survey; table; university; usa cache: cjfa-45206.pdf plain text: cjfa-45206.txt item: #272 of 318 id: cjfa-45208 author: Agnieszka Żołądkiewicz-Kuzioła title: THE FINANCIAL EFFECTS OF THE FISCAL SOVEREIGNTY OF MUNICIPALITY REGARDING REAL ESTATE TAX date: 2023-07-19 words: 5750 flesch: 51 summary: Abstract: The aim of the article is to identify the differentiation of the financial effects of a municipality’s fiscal sovereignty in the field of real estate tax from the point of view of such criteria as the type of municipality (rural, urban, urban-rural and town with po- viat rights) and the type of fiscal sovereignty instrument (tax rates lower than the maxi- mum, reliefs and exemptions, redemption of tax arrears, payment in instalments, defer- ral of the payment date). On the other hand, the redemption of tax arrears was of the least importance in the decrease in real estate tax revenues. keywords: 2017–2021; budgets; case; date; effects; estate tax; exemptions; field; financial; financial effects; fiscal sovereignty; government; income; increase; individual; information; instruments; interest; local; lowering; mln; municipalities; municipality; payment; pln; poviat; poviat rights; real estate; redemption; reliefs; revenues; rights; rural municipalities; share; significant; sovereignty instruments; tax arrears; tax rates; taxes; towns; type; urban; use; value; years cache: cjfa-45208.pdf plain text: cjfa-45208.txt item: #273 of 318 id: cjfa-4707 author: Dziawgo, Leszek title: Introduction date: 2014-11-21 words: 358 flesch: 53 summary: What is the reason? Looking for real reasons of this situation it seems it is the lack of Profession- alism and Ethics in modern Economy that creates fundamental problems of dis- functioning of economic system. IntroductIon Professionalism & Ethics Contemporary Economy requires both: Professionalism and Ethics. keywords: economic; economy; ethics; modern; problems; professionalism; significant; signs cache: cjfa-4707.pdf plain text: cjfa-4707.txt item: #274 of 318 id: cjfa-4708 author: Dziawgo, Leszek title: Greening financial market date: 2014-10-21 words: 5183 flesch: 40 summary: Abstract: The idea of Corporate Social Responsibility is one of the most inspiring ideas in modern business, also even in financial business. The growing and diversified ecological engagement of different financial institutions could be even called ecological evolution of financial business. keywords: 2010; activities; activity; aspects; assessment; bank; bonds; business; capital; companies; concerns; corporate; csr; diversified; dziawgo; ecological; economy; energy; engagement; environment; equity; eur; evolution; example; financial; financial business; financial institutions; financial market; financing; friendly; funds; global; green; idea; impact; implementation; important; index; institutions; international; investment; kind; market; modern; natural; natural environment; new; ochrony; oeko; offers; poland; polish; process; products; proecological; projects; protection; public; resources; respect; responsibility; risk; sarasin; social; support; sustainable; transactions; use; warsaw; water; wse; środowiska cache: cjfa-4708.pdf plain text: cjfa-4708.txt item: #275 of 318 id: cjfa-4709 author: Kirillova, Nadezda title: Regulation of financial condition insurers in the Russian Federation and assessment the insurers by insured date: 2014-11-21 words: 3359 flesch: 35 summary: The first part is related to characteristic the basic regulatory requirements for the financial condition of insurance companies in Russia. It contains a brief descrip- tion of idea comprehensive analysis of the insurance company consumers of in- surance services, draws conclusions on the adequacy of the legal requirements Nadezda Kirillova82 for the financial condition of insurance companies. keywords: assets; author; authorized; bank; capital; companies; company; compliance; condition; condition insurers; control; equity; federation; finance; financial; financial condition; funds; insurance; insurance companies; insurance reserves; insurer; internal; investment; liabilities; life; life insurance; main; management; margin; market; ministry; payments; placement; regulation; regulatory; report; requirements; reserves; results; risk; russian; russian federation; russian insurance; solvency; statistics; structure; table; total; year cache: cjfa-4709.pdf plain text: cjfa-4709.txt item: #276 of 318 id: cjfa-4710 author: Kalinowski, Marcin title: Stock Exchanges Sustainability Support Assessment date: 2014-11-21 words: 4451 flesch: 54 summary: It helps to compare stock exchange sustainability support levels. Each category has been proposed as support variable assessing stock exchanges sustainability. keywords: africa; akcji; america; article; asia; assessment; bank; business; capitalization; companies; company; corporate; correlation; development; disclosure; eas; east; ecs; environmental; esg; exchange; financial; guidance; index; indices; initiative; level; listing; marcin; market; nations; north; number; overall; pearson; pri; profit; questions; ratio; region; relationship; research; rozwoju; size; social; ssi; stock; stock exchange; stock market; sub; support; support index; support level; sustainability; sustainability support; sustainable; table; united; value; variables; world; wsparcia; zrównoważonego cache: cjfa-4710.pdf plain text: cjfa-4710.txt item: #277 of 318 id: cjfa-4711 author: Nowak, Kamil title: Advanced Private Banking in Terms of Ecology date: 2014-11-21 words: 5000 flesch: 46 summary: Paper looks into sustainable investing through private banking sector. The involvement of private banking sector in the protection of the environment The involvement of financial institutions in the environmental protection can be observed directly in the business activity or in projects not directly connec- ted with it. keywords: activity; advanced; assets; banking; business; chemicals; companies; csr; customers; dws; dziawgo; ecological; ecology; energy; engagement; environment; figure; financial; fund; hnwi; individual; individual positions; industrial; institutions; investing; investment; invests; involvement; kamil; largest; largest individual; level; lux; management; natural; offer; portfolio; positions; private; private banking; products; projects; protection; responsible; sector; services; shares; social; sri; strategy; structure; sustainable; table; terms; ubs; usa; utilities; water; wealth cache: cjfa-4711.pdf plain text: cjfa-4711.txt item: #278 of 318 id: cjfa-4712 author: Karmańska, Anna title: The imperative of sustainable growth and reporting integration. The fourth era in the corporate reporting development date: 2014-11-21 words: 6464 flesch: 42 summary: Thus, this report is actually a combination of financial reporting and corporate social responsibility reporting. Combining the ideas of both organisations it may be said that a contempo- rary company within corporate activity reporting should: ■ focus on a chain of activities and processes thanks to which it creates va- lue; this is what the idea of integrated reporting should serve, and at the same time Anna Karmańska56 ■ it should present appropriate information about how the value creation goes hand in hand with the idea of sustainable growth, with the idea of social responsibility reporting serving this purpose. keywords: accounting; activities; activity; analysis; anna; area; aspects; basis; business; capital; changes; companies; company; conceptual; corporate; corporate reporting; creation; csr; december; development; different; disclosures; economic; effects; elements; environment; finance; financial; financial reporting; fourth; framework; future; global; governance; gri; growth; guidelines; human; idea; iirc; imperative; important; information; initiative; integrated; integrated reporting; international; karmańska; management; model; natural; new; organisation; people; performance; present; principles; process; reporting; reporting development; reports; resources; responsibility; rio; social; stakeholders; standards; structure; sustainability; sustainability reporting; sustainable; sustainable growth; term; thanks; value; warsaw; way; world cache: cjfa-4712.pdf plain text: cjfa-4712.txt item: #279 of 318 id: cjfa-4713 author: Janik, Bogna title: Market and non-market factors influencing the development of green energy producers date: 2014-11-21 words: 4680 flesch: 50 summary: It turned out simultaneously, though welcomed with a slight disbelief by other researchers, that in the analyzed period: ‘other factors such as research and innovation policies, market-based energy policies, energy prices, and R&D expenditures did not play a significant role in enhancing renewable energy and bioenergy supply’. Copernican Journal of Finance & Accounting, 3(2), 25–36. http://dx.doi.org/10.12775/ CJFA.2014.015 Bogna Janik* Poznan School of Banking market and non-market factors influencing the development of green energy producers Keywords: green energy, green energy producers, property rights, renewable energy. keywords: analysis; author; average; bioenergy; biomass; certificates; classification; conditions; data; development; electrical; energii; energy; european; exchange; factors; figure; final; fuels; green; green certificates; green energy; gus; index; indices; market; non; office; ozex_a; ozex_a_polpx; ozex_a_tp; pln; poland; policy; polish; power; prices; producers; production; renewable; renewable energy; research; resources; return; rse; share; solid; sources; supply; support; table; transactions; volatility; wind; years cache: cjfa-4713.pdf plain text: cjfa-4713.txt item: #280 of 318 id: cjfa-4714 author: Piotrowski, Dariusz title: The financial aspect of intergenerational solidarity from the point of view of the senior date: 2014-11-21 words: 4910 flesch: 49 summary: The first one, concerning burdening the young generation with the liabilities of the older generation, was verified with the use of questions regarding the defini- tion, understanding of the notion of financial intergenerational solidarity and the scale of financial burdens passed on to the younger generation. Jako cel uzupełnia- jący przyjęto natomiast poznanie poglądów seniorów na temat potrzeby i kierunków reform finansów publicznych Polski, w szczególności w zakresie świadczeń emerytal- nych oraz zdrowotnych. keywords: age; answers; aspect; benefits; burdens; chart; choice; citizens; costs; current; dariusz; debt; development; economic; expenditure; fact; finance; financial; financial aspect; financial burdens; functioning; funds; future; generation; health; high; hypotheses; idea; increase; intergenerational; intergenerational solidarity; low; market; medical; n=97; need; obligations; older; older generation; oraz; pension; people; period; persons; point; poland; policy; polish; public; public finance; question; representatives; research; respondents; results; scale; scope; seniors; service; situation; social; society; solidarity; state; study; survey; system; university; view; warsaw; years; younger; younger generation cache: cjfa-4714.pdf plain text: cjfa-4714.txt item: #281 of 318 id: cjfa-4715 author: Kasiewicz, Stanisław; Kurkliński, Lech title: Problems of regulations for SME in Poland – institutional and cultural context date: 2014-11-21 words: 4568 flesch: 44 summary: Since the beginning of the transformation, the quality of Polish regulations have become the subject of many studies, discussions and growing concerns due to insufficient response of regulators to the criticisms articulated by sci- entists and practitioners. We can call this situation as: “the drift of economic regulation”. keywords: activities; assessment; barriers; better; business; changes; companies; competitive; consequences; countries; cultural; current; development; dormant; economic; economy; enterprises; evaluation; gap; government; hand; high; impact; important; initiatives; institutional; jest; kasiewicz; key; kurkliński; law; lech; legislation; level; low; making; mps; msp; new; number; ocena; parliament; perception; poland; polish; polsce; polska; poor; practice; present; problems; procedure; process; quality; red; regulacji; regulations; regulatory; report; ria; role; rules; sector; shape; situation; skutków; small; sme; smes; social; stanisław; state; system; warsaw; warszawa cache: cjfa-4715.pdf plain text: cjfa-4715.txt item: #282 of 318 id: cjfa-4716 author: ., . title: Editorial pages date: 2014-11-21 words: 806 flesch: 57 summary: Jan Turyna, Uniwersytet Warszawski, Warsaw University, Poland Prof. dr hab. Waldemar Tarczyński, Uniwersytet Szczeciński, Szczecin University, Poland Prof. Titular Gerard Olivar Tost, National University of Colombia, Colombia Prof. Siniša Zarić, Ph.D., University of Belgrade, Serbia Prof. dr hab. keywords: accounting; copernican; dr hab; dziawgo; economics; finance; główna; hab; handlowa; issn; journal; leszek; poland; portugal; prof; school; szkoła; toruń; umk; university; uniwersytet; warsaw; warszawie cache: cjfa-4716.pdf plain text: cjfa-4716.txt item: #283 of 318 id: cjfa-4717 author: ., . title: For authors date: 2014-11-21 words: 1126 flesch: 30 summary: The procedures governing the review process of articles submitted for publi- cation in the Copernican Journal of Finance & Accounting meets the guideli- nes of the Announcement of the Ministry of Science and Higher Education from 29 May 2013 on the criteria and evaluation of scientific journals. Articles submitted for publication should be original and not published any- where before and should not be the subject of any qualification procedure for publication in any other journal of any other publisher. keywords: accounting; article; authors; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-4717.pdf plain text: cjfa-4717.txt item: #284 of 318 id: cjfa-4718 author: Ptak, Michał title: Environmental charges levied on power plants date: 2014-11-21 words: 3429 flesch: 60 summary: Despite this, the rates of emission charges in Poland are still very low in comparison to taxes levied in Northern European countries (table 2)1. However, one can estimate the revenues from emission charges levied on energy sector taking data on emissions as a basis for calculation. keywords: abstraction; air; analysis; carbon; charges; coal; combustion; data; deklaracja; dioxide; emissions; energy; environmental; example; fuels; iii; impact; jaworzno; landfill; michał; nitrogen; nox; ochrona; opłat; oxides; paper; percent; plants; pln; poland; pollution; power; power plants; production; rates; revenues; rok; sector; so2; subject; sulphur; table; tauron; taxes; thermal; total; use; waste; wastewater; water; wytwarzanie; środowiska cache: cjfa-4718.pdf plain text: cjfa-4718.txt item: #285 of 318 id: cjfa-4719 author: Pyka, Anna; Błach, Joanna title: Business-to-business platforms as a part of e-commerce – possibilities of practical use by Polish enterprises date: 2014-11-21 words: 4837 flesch: 48 summary: Abstract: There are plenty of e-commerce platforms operating domestically and inter- nationally. There are plenty of e-commerce platforms operating domestically and internationally. keywords: access; account; aleo; anna; auctions; b2b; b2b platforms; bank; biznesu; brand; business; business platforms; buyers; case; class; clients; commerce; commercial; companies; company; costs; dedicated; department; dla; effectiveness; electronic; enterprises; financial; financing; functionalities; government; information; ing; innovative; integration; international; internet; joanna; journal; katowice; limited; management; market; network; new; offer; operation; platforms; poland; polish; possibility; possible; potential; process; procurement; products; purchase; pyka; sale; sector; sellers; services; small; suppliers; support; systems; terms; time; transactions; twaróg; use; users cache: cjfa-4719.pdf plain text: cjfa-4719.txt item: #286 of 318 id: cjfa-4720 author: Zaremba, Adam; Żmudziński, Radosław title: IPO Initial Underpricing Anomaly: the Election Gimmick Hypothesis date: 2014-11-21 words: 5839 flesch: 63 summary: Impact of explanatory variables on initial IPO returns Panel A: full sample. The IPOs of state owned companies offered to both institutional and individual investors. keywords: abnormal; adam; amounts; analysis; anomaly; average; bloomberg; companies; data; differences; economics; election; election years; exchange; finance; financial; gimmick; hypothesis; index; initial; initial underpricing; ipo; ipo initial; ipos; issue; journal; literature; local; market; matched; mio; money; monte; new; non; offer; offerings; ownership; panel; paper; parliamentary; period; pln; poland; polish; post; price; public; radosław; research; returns; review; ritter; sample; second; shares; significance; size; standard; state; statistical; stock; table; underpricing; warsaw; years; zaremba cache: cjfa-4720.pdf plain text: cjfa-4720.txt item: #287 of 318 id: cjfa-4721 author: Saúde, Sandra; Borralho, Carlos; Féria, Isidro; Lopes, Sandra title: The impact of a Higher Education Institution on Socioeconomic Development – the Study Case of the Polytechnic Institute of Beja, Portugal date: 2014-11-21 words: 4572 flesch: 51 summary: This paper aims to ref lect on the role and impact of higher education on regional de- velopment, based on the reality of public higher education in Portugal and, more speci- fically, the case study of the Polytechnic Institute of Beja (IPBeja). Public higher education corresponds to about 1/3 of all the institutions, 15 of which belong to the university sub-system (14 uni- versities and 1 university institute). keywords: ace; alentejo; average; borralho; business; carlos; case; cultural; development; dimensions; direct; economic; economic impact; economy; education; employees; euros; expenditure; féria; hei; heis; higher; higher education; impact; inf; institute; institution; ipbeja; isidro; jobs; local; lopes; luence; model; municipality; national; non; number; polytechnic; polytechnic institute; population; portugal; private; public; regional; sandra; saúde; services; social; socioeconomic; staff; students; studies; study; teaching; territory; total; universities; university; value; volume; year cache: cjfa-4721.pdf plain text: cjfa-4721.txt item: #288 of 318 id: cjfa-7387 author: Dziawgo, Leszek title: Introduction date: 2015-08-25 words: 153 flesch: 39 summary: Society and Economy expect from us, that modern science will be more en- gaged in creating more human, but also economically effective better World. Meeting public expectations is exactly what our scientific challenge is. keywords: public; science; solutions; world cache: cjfa-7387.pdf plain text: cjfa-7387.txt item: #289 of 318 id: cjfa-7401 author: Bahçe, Abdullah Burhan; Gümüş, Öner title: A Solution To Eradicate Jobless Growth: Meritocracy date: 2015-08-25 words: 5842 flesch: 59 summary: A SOLUTION TO ERADICATE JOBLESS GROWTH: MERITOCRACY Keywords: labor market, globalization, global financial crisis, jobless growth, merito- cracy, tax burden. In this study, the significance of meritocracy in eradication jobless growth will be emphasized and some examples related to develo- ping countries will be given, and from this perspective some proposals will be presen- ted to figure jobless growth problem out by creating a meritocratic system. keywords: addition; burden; capital; capitalists; case; change; cooperation; countries; crisis; decrease; development; economic; economies; economy; education; employment; equal; financial; firms; gdp; globalization; growth; growth rate; important; income; increase; jobless; jobless growth; journal; justice; labor; level; market; meritocracy; meritocratic; mexico; money; new; oecd; opportunity; organization; people; period; policies; private; problem; public; qualified; rate; reason; regulation; sector; society; solution; states; system; tax; technology; terms; time; turkey; wages; workers cache: cjfa-7401.pdf plain text: cjfa-7401.txt item: #290 of 318 id: cjfa-7403 author: Çoban, Orhan; Üstündaĝ, Emıne; Çoban, Ayşe title: The Structural Analysis Of Construction Sector Of Turkey And Its Effect On The Selected Macroeconomic Indicators date: 2015-08-25 words: 5929 flesch: 55 summary: When construction sector itself is excluded, in case that the demand to the products THE STRUCTURAL ANALYSIS OF CONSTRUCTION SECTOR… 39 of construction sector increases by 100 units, in the first nine sectors provid- ing the most input to the sector, a production increase of 57.61 units emerge (157.69 – 100.08). http://dx.doi.org/10.12775/CJFA.2015.002 ORHAN ÇOBAN* Selcuk University, Department of Economics ** Selcuk University, Department of Economics *** Selcuk University, Vocational School of Social Sciences THE STRUCTURAL ANALYSIS OF CONSTRUCTION SECTOR OF TURKEY AND ITS EFFECT ON THE SELECTED MACROECONOMIC INDICATORS Keywords: construction sector, economic indicators, Turkey. keywords: activities; analysis; backward; balance; building; case; construction; construction sector; countries; data; demand; development; direct; economic; economic growth; economy; effect; employment; final; forward; gdp; general; growth; high; important; income; increase; indicators; industry; input; international; investments; iron; level; linkages; national; orhan; payments; place; production; products; rate; relationship; sector; sectorial; services; steel; structural; study; table; terms; total; turkey; turkish; units; way; çoban cache: cjfa-7403.pdf plain text: cjfa-7403.txt item: #291 of 318 id: cjfa-7404 author: Fiedorczuk, Julita title: Sustainable Development in Norway on the example of Government Pension Fund Global date: 2015-08-25 words: 3294 flesch: 45 summary: The Fund is a resilient executor and promot- er of sustainable development concept. ON THE EXAMPLE OF GOVERNMENT PENSION FUND GLOBAL Keywords: sustainable development, Global Government Pension Fund, Norway. keywords: 2011; activities; balance; capital; concept; corporate; country; csr; development; economic; economy; environmental; example; finance; fund; future; global; government; gpfg; human; implementation; importance; investment; julita; level; long; main; management; market; model; nature; needs; norway; norwegian; organization; pension; report; responsibility; responsible; sense; social; society; sovereign; state; sustainable; sustainable development; term; tool; value; wealth; world cache: cjfa-7404.pdf plain text: cjfa-7404.txt item: #292 of 318 id: cjfa-7405 author: Jaworek, Małgorzata; Kuzel, Marcin title: Transnational Corporations in the World Economy: Formation, Development and Present Position date: 2015-08-25 words: 4743 flesch: 50 summary: Transnational Corporations in the World Economy: Formation, De- velopment and Present Position. http:// dx.doi.org/10.12775/CJFA.2015.004 * Nicolaus Copernicus University MARCIN KUZEL** Nicolaus Copernicus University TRANSNATIONAL CORPORATIONS IN THE WORLD ECONOMY: FORMATION, DEVELOPMENT AND PRESENT POSITION Keywords: transnational corporations (TNCs), multinational firms, international busi- ness, foreign direct investment (FDI), global economy. keywords: activity; affiliates; article; assets; business; capital; changes; china; companies; corporations; countries; development; dunning; dynamic; economic; economy; enterprises; exports; fdi; foreign; foreign affiliates; germany; global; group; growth; home; international; investment; kingdom; largest; list; market; modern; multinational; new; number; possible; powers; production; r&d; research; role; sales; significant; small; states; switzerland; table; time; tncs; total; trade; transnational; transnational corporations; united; value; world; world economy; york cache: cjfa-7405.pdf plain text: cjfa-7405.txt item: #293 of 318 id: cjfa-7406 author: Karimov, Rovshan; Dargahov, Vugar title: Study of profitability of organization of tourism routes (on the example of Sheki-Zagatala Economic Region of Azerbaijan) date: 2015-08-25 words: 3473 flesch: 47 summary: Due to this activity, based on corporative interests, tourism companies may gain additional income as well as agitate the Sheki-Zagatala as tourism region. Study of profitability of organization of tourism routes (on the example of Sheki-Zagatala Economic Region of Azerbaijan). keywords: activity; azerbaijan; baku; calculation; centers; companies; company; consideration; country; customers; dargahov; development; economic; gabala; gakh; hotels; karimov; local; market; measuring; national; natural; number; operator; organization; planning; potential; price; profitability; region; relevant; resources; routes; services; sheki; study; terms; tourism; tourism routes; touristic; tourists; tours; visitors; zagatala cache: cjfa-7406.pdf plain text: cjfa-7406.txt item: #294 of 318 id: cjfa-7407 author: Kasperowicz - Stępień, Alicja title: The fiscal challenges of Polish integration with the euro area date: 2015-08-26 words: 3675 flesch: 50 summary: Improper design of fiscal rules, the politicization of their use and inade- quate identification of the national authorities with the European rules. 2010). The introduction of solutions to increase the role of fiscal rules in the fi- scal policy of the Member States, including solutions that aim to increase the identification of the authorities of the Member States with introdu- IV. keywords: analysis; area; balance; budget; challenges; changes; commission; convergence; council; criteria; debt; deficit; ecofin; economic; economy; euro; euro area; european; excessive; expenditure; figure; finance; fiscal; fiscal policy; fiscal rules; gdp; general; government; growth; income; increase; integration; introduction; level; member; national; new; percent; points; poland; policy; polish; public; revenue; rules; solutions; state; structural; tax; vat; warszawa cache: cjfa-7407.pdf plain text: cjfa-7407.txt item: #295 of 318 id: cjfa-7408 author: Kerlin, Jakub; Maksymiuk, Anna title: Comparative analysis of the bail-in tool date: 2015-08-26 words: 4082 flesch: 43 summary: Goals of bail-in and its main principles Approach Aim of bail-in Cyprus – Maximize bail-inable amounts and minimize further capital needs – Avoid strategic defaults – Protect covered deposits – Minimize the possibility of intervention of deposit insurer European BRRD To restore entity’s ability to comply with the conditions to authorization and to continue to carry out the activities for which it is authorized and to sustain sufficient market confidence in the institution or entity FSB Achieving or helping to achieve continuity of essential functions IMF To achieve a prompt recapitalization and restructuring of the distressed institution COMPARATIVE ANALYSIS OF THE BAIL-IN TOOL 103 Approach Aim of bail-in United Kingdom Minimizing recourse to public funds and reducing risks to financial stability USA – Avoiding or mitigating serious adverse effects on the financial stability or economic conditions of the country – Facilitating the orderly liquidation of the financial company – Ensuring that unsecured creditors bear losses in accordance with the priority of claims – Ensuring that the management responsible for the failing financial company is removed S o u r c e : own elaboration based on an analysis of legal acts and reports of international insti- tutions. keywords: act; analysis; anna; application; approach; bail; bank; bondholders; capital; claims; comparative; conditions; conversion; countries; country; creditors; cyprus; debt; definitions; denmark; depositors; different; equity; financial; financial institutions; frameworks; haircut; imf; institutions; international; jakub; jurisdictions; kerlin; legal; liabilities; liquidation; losses; new; owners; power; practical; process; public; resolution; restructuring; shareholders; stability; table; time; tool; triggers; unsecured; write cache: cjfa-7408.pdf plain text: cjfa-7408.txt item: #296 of 318 id: cjfa-7409 author: Konovalova, Natalia; Zarembo, Julia title: Imbalanced Liquidity Risk Management: Evidence from Latvian and Lithuanian Commercial Banks date: 2015-08-26 words: 7210 flesch: 53 summary: To achieve the aim of this research the following objectives are solved: to study theoretical aspects of commercial banks liquidity and to deter- mine the factors that inf luence it; to clarify the reasons for commercial banks liquidity problems; to make a comparative liquidity analysis between Latvian and Lithu- anian commercial banks; to ascertain the risk levels of an imbalanced liquidity; to study Basel III regarding the management of commercial banks’ liqu- idity; to work out some suggestions for „Lats” banks in Latvia and Lithuania that could increase efficiency of liquidity management. The short-term resource transfor- mation into the long-term assets threatens bank liquidity, and as a result, can lead to the bank insolvency. keywords: analysis; assets; authors; banks; basel; cash; central; coefficient; commercial; commercial banks; coverage; crisis; deposits; evidence; figure; financial; funding; gap; higher; hqla; iii; imbalanced; imbalanced liquidity; increase; investments; julia; konovalova; lats; lats banka; latvian; lcr; level; liabilities; liquidity; liquidity management; liquidity risk; lithuanian; loans; long; management; maturity; months; natalia; net; net liquidity; nsfr; position; qualifying; ratio; relative; reports; research; residual; resources; risk; risk management; securities; short; stable; surplus; term; term assets; term liquidity; term resources; total; transformation; year cache: cjfa-7409.pdf plain text: cjfa-7409.txt item: #297 of 318 id: cjfa-7410 author: Kościelniak, Helena; Skowron-Grabowska, Beata; Łęgowik-Świącik, Sylwia; Łęgowik-Małolepsza, Małgorzata title: The analysis of the capacity of the selected measures of decision-making models in companies date: 2015-08-26 words: 5133 flesch: 47 summary: To assessment of information capacity of the selected measures of decision- making models in organizational and financial processes of the cement indus- try companies has been applied Pearson correlation coefficient. Its scope de- pends on the entity conducting the analysis, objectives of its performance and availability and detailed information essential for its performance (Skoczylas, An effective tool of the assessment of selection alternatives in decision- making models, apart from the analysis of financial statements, is ratio analy- sis (Cebrowska 2006). keywords: activity; altman; altman model; analysis; assessment; assets; assets ratio; capacity; capital; cement; coefficient; companies; company; correlation; decision; decline; enterprises; equity; financial; financial liquidity; financial processes; increase; industry; information; level; liquidity; making; market; measures; model; organizational; paper; processes; ratio; research; return; sales; score; strong; total; total assets; trend; turnover; value; years cache: cjfa-7410.pdf plain text: cjfa-7410.txt item: #298 of 318 id: cjfa-7411 author: Sá e Silva, Eduardo; Pereira, Adalmiro Andrade title: Credit risk measures – a case of renewable energy companies date: 2015-08-26 words: 3302 flesch: 51 summary: The use of risk assessment models more sensitive to credit risk, allowing the determination of capital requirements more closely aligned with the potential economic loss that may occur in the bank’s assets; 2. More specifically, there is a need to develop tools to vali- date the systems used to generate the parameters (such as PD, LGD, EAD and ratings of perceived risk) that serve as starting points for the IRB approach for credit risk. keywords: adalmiro; advanced; andrade; approach; bank; banking; basel; borrower; capital; case; companies; credit; credit risk; default; determined; ead; eduardo; energy; equity; exposure; information; institution; internal; irb; lgd; loan; loss; maturity; measure; model; need; parameters; pereira; period; porto; portugal; rating; recovery; renewable; requirements; risk; sector; silva; system; time; use; variables; year cache: cjfa-7411.pdf plain text: cjfa-7411.txt item: #299 of 318 id: cjfa-7412 author: Stępień, Konrad title: Estimated values: the provisions and the write-downs of assets as tools to manipulate financial results of enterprises date: 2015-08-26 words: 4955 flesch: 42 summary: As a rule, the effect of the impairment loss is a cost, and therefore a write down of assets value. In accordance with the accounting practices, impairment losses may result : loss of asset value, valuation of assets according to specific parameters1. keywords: accordance; accounting; act; art; assets; balance; benefits; business; capital; circumstances; companies; company; creation; date; downs; economic; entity; financial; future; impairment; income; increase; information; liabilities; loss; losses; method; period; permanent; polish; practice; probable; profit; provisions; receivables; reporting; result; sheet; significant; term; use; valuation; value; warszawa; worth; write cache: cjfa-7412.pdf plain text: cjfa-7412.txt item: #300 of 318 id: cjfa-7414 author: Świetla, Katarzyna title: Risk in providing accounting services in the context of new regulations regarding liability insurance (OC) in Poland date: 2015-08-26 words: 4070 flesch: 33 summary: Among those present in Poland one should indicate, among others: BNP Paribas, which offers clearing and IT services, Brown Brothers Harrimann – corporate banking services, investment management, consulting on mergers and acquisitions, asset manage- ment, investment services, technical customer support, Euroclear – operational consulting in the field of after-sales services, HSBC – involved in the credit card services, customer service, financial operations, debt management, HR services, and payment support, State Street offers investment fund accounting, valuation of business as- sets (including securities), valuation of index funds and other derivative instruments, investment analysis, funds maintenance, operations support, risk analysis, and HR services; IT services: software development, quality control, production support, systems analysis and IT risk analysis, sales customer support for Bank Pekao S.A (ABSL 2013a, ABSL 2013b, The area of operation of these entities and their global offer is a derivative of reducing the barriers to international trade in accounting services (White 2001). Risk in the operation of accounting firms Type of risk Factors determining threats Market unmatched service offer to customer expectations, too few customers, an increase in the number of accounting firms due to the deregulation of bookkeeping services, Operational human error, incorrect operating system, poor work organization, improper distribution of tasks, ignorance of the laws, ignorance of customer expectations Reputation errors in customer service, lack of timeliness, ignorance of new regulations, lack of ethics, Legal conducting activities beyond the framework of existing legislation, legislative risk, the risk of an erroneous interpretation, risk of litigation, Credit force majeure, natural disasters, loss of customers, inadequate investments, economic crisis, Tax ignorance of the laws and the interpretation of tax regulations by the accountant, mal- functioning computer programs, erroneous preparation of tax return forms, Customer insolvency customer – or customer group – resignation from services without payment, Employee cost hiring incompetent employees, too many employees, 180 Type of risk Factors determining threats Penal and fiscal liabili- ty, collective entity obligation to pay penalties and reparations in the event of error being the fault of the accounting firm, Liquidity. keywords: access; accounting; accounting services; act; activities; analysis; area; associated; basis; bookkeeping; business; case; civil; company; compulsory; context; control; costs; customer; damage; documents; economy; entities; error; expectations; external; financial; firms; implementation; information; insurance; liability; management; market; need; operation; order; outsourcing; party; poland; processes; protection; providers; quality; records; regulation; result; risk; rules; services; specific; support; tasks; tax cache: cjfa-7414.pdf plain text: cjfa-7414.txt item: #301 of 318 id: cjfa-7415 author: ., . title: For Authors date: 2015-08-26 words: 1046 flesch: 26 summary: CJFA_1_2015_przed_drukiem.pdf FOR AUTHORS The procedures governing the review process of articles submitted for publi- cation in the Copernican Journal of Finance & Accounting meets the guideli- nes of the Announcement of the Ministry of Science and Higher Education from 29 May 2013 on the criteria and evaluation of scientific journals. Articles submitted for publication should be original and not published any- where before and should not be the subject of any qualification procedure for publication in any other journal of any other publisher. keywords: accounting; article; author; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-7415.pdf plain text: cjfa-7415.txt item: #302 of 318 id: cjfa-7416 author: ., . title: Editorial Pages date: 2015-08-26 words: 513 flesch: 67 summary: Jan Turyna, Uniwersytet Warszawski, Warsaw University, Poland Poland Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e i t o r : dr hab. keywords: analysis; dziawgo; hab; issn; journal; poland; prof; university cache: cjfa-7416.pdf plain text: cjfa-7416.txt item: #303 of 318 id: cjfa-8192 author: Dziawgo, Leszek title: Introduction date: 2015-12-17 words: 237 flesch: 54 summary: introduction Taking advantage of excellent opportunity – challenges still ahead The latest edition of ”Copernican Journal of Finance & Accounting” confirms our growing position in the world of the international science. More and more scientists from many countries have accepted our invitation for cooperation as Authors and Readers. keywords: international; journal; science; scientists cache: cjfa-8192.pdf plain text: cjfa-8192.txt item: #304 of 318 id: cjfa-8193 author: Al-Hajieh, Heitham; AlNemer, Hashem; Rodgers, Timothy; Niklewski, Jacek title: Forecasting the Jordanian stock index: modelling asymmetric volatility and distribution effects within a GARCH framework date: 2015-12-17 words: 9700 flesch: 61 summary: We have also identified from the literature that (i) no single GARCH mod- el specifications clearly outperforms other forms in all circumstances and (ii) evidence to suggest that the distribution of returns in emerging markets (like Jordan) can follow a number of possible forms and that these can interact with volatility models in different ways. We have also identified from the literature that (i) no single GARCH model specifications clearly outperforms other forms in all circumstances and (ii) evidence to suggest that the distribution of returns in emerging markets (like Jordan) can follow a number of possible forms and that these can interact with volatility models in different ways. keywords: asymmetry; coefficient; conditional; confidence; daily; data; different; distribution; effect; finance; financial; forecasting; function; garch; garch model; ged; generalized; gjr; impact; index; jordanian; journal; likelihood; log; markets; mean; model; normal; past; positive; returns; rodgers; set; shocks; significant; skewed; specification; stock; student; symmetric; t t; test; value; variance; volatility;  ;   cache: cjfa-8193.pdf plain text: cjfa-8193.txt item: #305 of 318 id: cjfa-8194 author: Çelıkkol, Hakan; Köse, Fatma title: SWOT analysis of Turkish Energy Market in the context of Electricity Market in the context of electricity market date: 2015-12-17 words: 6390 flesch: 50 summary: Situation of Electricity Market before Energy Market (EPİAŞ) Electricity market is composed of spot market that consists of day ahead market and balancing market, bilateral agreements and futures market. Electricity market is divided into three by the new Electricity Market Law: The first is spot market operated by EPİAŞ, the second is balancing power market directed by TEİAŞ and the third one is the derivative markets operated by BİST (Karagöl and Mıhçıokur 2013). keywords: addition; agreements; ahead; analysis; balancing; bilateral; bi̇st; capital; changes; consumption; context; current; day; demand; derivatives; electricity; electricity market; elektrik; energy; energy market; enerji; epdk; epi̇aş; figure; financial; free; futures; gas; generation; group; holders; important; increase; intraday; investment; karagöl; law; legal; license; management; market; natural; new; operating; opportunities; participants; private; public; sector; shares; source; spot; structure; swot; system; tei̇aş; threats; time; trading; turkey; turkish; turkish energy; weaknesses; wholesale; çelıkkol cache: cjfa-8194.pdf plain text: cjfa-8194.txt item: #306 of 318 id: cjfa-8195 author: Çelikkol, Mediha Mine; Çelikkol, Hakan title: The evaluation of the students in Dumlupinar University Vocational School of Social sciences about levels of financial literacy date: 2015-12-17 words: 6531 flesch: 55 summary: While the difference in the concepts of literacy and literate is growing, mental skills as well as physical skills should be associated with so- cial development and therefore need to be included in the education system. H8: There is a statistically significant difference between pocket money variable and financial literacy level. keywords: ability; analysis; awareness; banking; basic; behaviors; concept; decisions; development; difference; distributions; dumlupinar; education; evaluation; financial; financial information; financial literacy; finansal; foreign; frequency; group; hakan; high; important; income; increase; information; knowledge; kütahya; level; literacy; literacy level; low; management; mediha; money; need; number; oecd; order; p<0.01; parents; people; percentage; pocket; program; question; region; research; results; saving; school; sciences; shopping; significant; skills; social; state; students; study; survey; table; total; university; variable; vocational; working; çelikkol cache: cjfa-8195.pdf plain text: cjfa-8195.txt item: #307 of 318 id: cjfa-8196 author: Ciechan-Kujawa, Marlena title: Professional financial and accounting services in the light of European Union directives and the deregulation of professions in Poland – current status and research needs date: 2015-12-17 words: 4775 flesch: 40 summary: The differences in regulatory approaches generally result from a clear distinction between audit services and accounting services as well as from different perceptions of independence, quality and verification (Commission 2013, 18). Researchers explain the lack of significant observed changes in the strategy of service providers by high de- mand for accounting services currently delivered (Tabone, Baldacchino 2003; Chung, Narasimhan 2001) and by oligopolistic behaviours of audit firms, such as collusions or imitations (Moizer, Turley 1989). keywords: access; accounting; accounting services; accounts; annual; audit; auditing; auditors; business; changes; ciechan; competitiveness; consolidated; countries; demand; deregulation; development; directive; economic; entities; entity; european; finance; financial; financial services; financial statements; firms; impact; important; independence; innovation; journal; kujawa; legislative; legislative changes; level; market; needs; new; opportunities; poland; polish; price; professional; professional financial; public; quality; regulations; research; role; scope; security; services; services market; significant; small; stakeholders; statements; statutory; studies; tax; trading; union cache: cjfa-8196.pdf plain text: cjfa-8196.txt item: #308 of 318 id: cjfa-8197 author: Czerwonka, Monika title: The exploration of disposition effect among business undergraduates in Poland date: 2015-12-17 words: 4347 flesch: 54 summary: The exploration of disposition effect among business undergraduates in Poland. Copernican Journal of Finance & Accounting, 4(2), 79–89. http://dx.doi.org/10.12775/ CJFA.2015.017 Monika Czerwonka* Institute of Finance, Warsaw School of Economics the exploration of disposition effeCt aMong business undergraduates in poland Keywords: behavioral finance, disposition effect, experimental study. keywords: account; analysis; behavioral; behavioral finance; case; decision; disposition; disposition effect; economics; effect; experiment; explanation; figure; finance; gains; investors; journal; kahneman; literature; losers; losses; making; market; number; participants; price; prior; prospect; research; rise; risk; second; shefrin; stage; statman; stocks; students; studies; study; theory; tversky; value; weber; winners; zuchel cache: cjfa-8197.pdf plain text: cjfa-8197.txt item: #309 of 318 id: cjfa-8198 author: Kozlovska, Ieva title: The impact of long-lived non-financial assets depreciation/amortization method on financial statements date: 2015-12-17 words: 6365 flesch: 44 summary: Copernican Journal of Finance & Accounting, 4(2), 91–108. http://dx.doi.org/10.12775/CJFA.2015.018 Ieva KozlovsKa* Riga Business School the Impact of long-lIved non-fInancIal assets deprecIatIon/amortIzatIon method on fInancIal statements Keywords: non-financial long-lived assets, depreciation method, amortization me- thod, accounting policy, financial statements. This could be done in various ways – changing depreciation method, increasing/ decreasing period of an asset’s useful life, deciding to capitalize or not the elements of the acquisition cost. keywords: accordance; accounting; amortization; amortization method; appropriate; assets; author; balance; baltic; business; companies; company; cost; depreciation; depreciation method; depreciation/ amortization; economic; exchange; expenses; finance; financial; financial assets; financial statements; global; ieva; impact; income; information; intangible; international; investment; issues; journal; key; latvian; life; line; long; management; method; non; ones; particular; period; policy; process; production; profit; ref; regulations; research; results; review; shareholders; significant; situation; statements; stock; straight; study; tax; useful; value cache: cjfa-8198.pdf plain text: cjfa-8198.txt item: #310 of 318 id: cjfa-8199 author: Peršić, Milena; Bakija, Katarina; Vlašić, Dubravka title: Framework for improving quality and comparability of non-financial reporting system date: 2015-12-17 words: 6347 flesch: 33 summary: Accounting information system as a source of sustainability information, should systematically respond to new sustainability management require- ments, and provide framework for benchmarking, and for evaluating how sus- tainability strategies are performed. In doing so the framework of EU and national strategic documents and policies, as well as the previous re- search in Croatian companies was respected. keywords: accounting; applied; bakija; balanced; benchmarking; business; companies; company; comparability; corporate; croatian; croatian companies; csr; decision; development; directive; dubravka; empirical; environmental; external; faculty; financial; financial information; financial reporting; framework; global; goals; hospitality; ifrs; industry; information; internal; international; janković; journal; katarina; level; long; making; management; national; new; non; performance; peršić; present; principles; process; products; quality; relevant; reporting; reporting system; reports; requirements; research; responsibility; results; sample; sbsc; schaltegger; scorecard; segment; short; social; standards; strategic; strategy; sustainability; sustainability reporting; sustainable; sustainable development; system; term; tools; tourism; university; users cache: cjfa-8199.pdf plain text: cjfa-8199.txt item: #311 of 318 id: cjfa-8200 author: Procházka, David title: Lobbying on the IASB Standards: An analysis of the Lobbyists’ Behaviour over Period 2006–2014 date: 2015-12-17 words: 5135 flesch: 51 summary: The re- sults show that the IASB inclines to succumb to the pressure of lobbying parties if the lobbying is quite massive (in terms of number comment letters submit- ted) in relation to other projects. Total descriptive statistics for all projects are also partitioned into two sub- groups: major projects (based on data from Tab. 1 – Tab. 3) and minor amend- ments to existing projects (based on data from Tab. 4). keywords: accounting; accounting standards; amendments; analysis; behaviour; benefits; comment; david; decision; development; draft; economic; exposure; financial; higher; iasb; ifrs; inf; information; instruments; international; journal; kenny; larson; letters; literature; lobbying; lobbyists; luence; major; minor; model; number; paper; participation; parties; period; phase; political; process; projects; public; rational; research; review; setting; standards; tab cache: cjfa-8200.pdf plain text: cjfa-8200.txt item: #312 of 318 id: cjfa-8201 author: Redo, Magdalena title: The importance of prudential regulations in the process of transmitting monetary policy to economy date: 2015-12-17 words: 5385 flesch: 49 summary: It was also indicated by them that FED in the 90’s of the 20th century led the monetary policy according to the afore- mentioned theory and lowered interest rates more significantly in the situa- tion of bank shock; at the same time, it weakened the pro-cyclical character of bank regulations introduced in the 80’s, contrastively to the policies of central banks in Germany or Japan in the 80’s. Bank regulation and the credit crunch. keywords: 20th; activity; assets; bank; banking; basel; business; capital; capital regulations; case; central; century; channel; credit; crisis; crunch; cycle; cyclical; decrease; economic; economies; economy; effects; efficiency; financial; functioning; importance; increase; inf; interest; lending; level; loans; low; luence; macroprudential; magdalena; mishkin; monetary; monetary policy; paper; peek; policy; process; prudential; rates; regulations; regulatory; requirements; research; reserve; risk; rosengren; situation; stability; supervision; supply; taking; tendency; time; transmission; working; world cache: cjfa-8201.pdf plain text: cjfa-8201.txt item: #313 of 318 id: cjfa-8202 author: Sitorus, Tigor title: The Study of Risk-Weighted Assets on the Effects of Loan Exposure Valuation towards Credit Default (an empirical study on middle and top local banks listed in Indonesia stock exchange period 2008–2012) date: 2015-12-17 words: 5693 flesch: 60 summary: The variable of this research is risk- weighted assets (RWA), more specifically every balance sheet assets and off- balance sheet that give the appropriate weight levels of credit risk inherent in every account. Credit Risk, Weighted Risk and Loan Exposure According to the Regulation of Bank of Indonesia No. 14/18/PBI/2012, cred- it risk is a risk due to the failure of the debtor and/or other party in fulfilling obligation to the bank. keywords: amos; analysis; assets; bank; banking; business; capital; cfi; coefficient; control; credit; credit default; credit risk; data; default; direct; effect; equal; exchange; exposure; exposure valuation; factors; fit; gfi; good; greater; hypothesis; index; indonesia; inf; information; jakarta; journal; loan; loan exposure; loss; luence; management; means; measurement; model; npl; order; organization; output; placement; positive; problem; research; result; risk; rmsea; rwa; significant; square; stock; study; system; table; test; theory; tigor; valuation; value; variable; weighted cache: cjfa-8202.pdf plain text: cjfa-8202.txt item: #314 of 318 id: cjfa-8203 author: Tampu, Diana Larisa title: Human motivation and corporate governance date: 2015-12-17 words: 8565 flesch: 49 summary: Mediation relationship between the independent variable and the dependent variable a b c’ Source: Baron, Kenny 1986 � ���� � c’� � �� � �� (2) M – Mediator; c’ – The effect that the dependent variable has on the independent variable through the mediator; �� Random variable: is the error model; It is estimated that the coefficient “a”, to be the effect of the independent variable on the mediator: � ���� � �� � �� (3) �� Random variable: is the error model; The result is the indirect or the mediated effect. Mediation relationship between the independent variable and the dependent variable a b c’ Source: Baron, Kenny 1986 � ���� � c’� � �� � �� (2) M – Mediator; c’ – The effect that the dependent variable has on the independent variable through the mediator; �� Random variable: is the error model; It is estimated that the coefficient “a”, to be the effect of the independent variable on the mediator: � ���� � �� � �� (3) �� Random variable: is the error model; The result is the indirect or the mediated effect. keywords: associated; authors; baron; calculations; case; change; coefficient; corporate; corporate governance; correlated; correlation; data; durbin; effect; effectiveness; element; error; error model; exogenous variable; extent; figure; final; gdp; governance; governance effectiveness; government; hour; human; independent variable; indicators; kenny; level; life; mediation; mediation effect; mediator; mediator variable; model; motivation; order; predictor; random variable; relationship; relationship mediator; research; result variable; role; satisfaction; significant; sobel; source; standard; statistic; table; test; value; watson; words; worked cache: cjfa-8203.pdf plain text: cjfa-8203.txt item: #315 of 318 id: cjfa-8204 author: Zaremba, Adam title: The January seasonality and the performance of country-level value and momentum strategies date: 2015-12-17 words: 5683 flesch: 61 summary: Thus, our null hypothesis is: H0: the country-level value and momentum strategies have equal returns in De- cember and January, with the alternative hypothesis assuming the contrary: H1: the country-level value and momentum strategies do not have equal returns in December and January. Results and Discussion Table 1 reports the performance of the examined value and momentum strategies. keywords: adam; anomalies; approach; asness; asset; coefficients; composite; countries; country; december; effect; equal; evidence; finance; financial; global; gross; high; hypothesis; indices; investors; january; journal; level; long; low; market; mean; momentum; momentum strategies; month; monthly; net; patterns; performance; portfolios; positive; price; ratio; returns; seasonality; significant; standard; stock; strategies; strategy; study; table; taxes; term; test; value; value strategies; year; zaremba; α4f; αcapm cache: cjfa-8204.pdf plain text: cjfa-8204.txt item: #316 of 318 id: cjfa-8205 author: Žylius, Gediminas title: Evaluation of ATM Cash Demand Process Factors Applied for Forecasting with CI Models date: 2015-12-17 words: 16193 flesch: 59 summary: In this research forecasting accuracy metric called symmetric mean absolute percentage error (SMAPE) is used which is calculated with following formula: ����� � 100� � |��� � ��| 1 2���� � ��� � ��� . Where ��� is forecasted cash flow value and �� is real cash flow value. In this research forecasting accuracy metric called symmetric mean absolute percentage error (SMAPE) is used which is calculated with following formula: ����� � 100� � |��� � ��| 1 2���� � ��� � ��� . Where ��� is forecasted cash flow value and �� is real cash flow value. keywords: anfis; architecture; atm; atm cash; atm number; atms; autocorrelation; backpropagation; best; break; cash; cash flow; data; days; demand; elm; factors; feature; feed; figure; flow; forecasting; forward; function; fuzzy; hidden; historical; history; input; kernel; lag; layer; learning; linear; matlab; mean; membership; model; model training; monthly; network; neural; node; number; order; output; parameter; period; process; regression; research; results; rule; rvr; sample; seasonality; sequence; sequence number; set; space; squares; strong; structural; support; svr; training; tuning; typical; vector; weekly; weight; withdrawal; year; year training; yearly; � = cache: cjfa-8205.pdf plain text: cjfa-8205.txt item: #317 of 318 id: cjfa-8206 author: ., . title: For Authors date: 2015-12-17 words: 1126 flesch: 30 summary: The procedures governing the review process of articles submitted for publi- cation in the Copernican Journal of Finance & Accounting meets the guidelines of the Announcement of the Ministry of Science and Higher Education from 29 May 2013 on the criteria and evaluation of scientific journals. Editorial Office Copernican Journal of Finance & Accounting ul. keywords: accounting; article; author; copernican; copernican journal; editorial; finance; journal; process; publication; review; reviewers; science; scientific cache: cjfa-8206.pdf plain text: cjfa-8206.txt item: #318 of 318 id: cjfa-8238 author: ., . title: Editorial pages date: 2015-12-18 words: 924 flesch: 56 summary: Waldemar Tarczyński, Uniwersytet Szczeciński, Szczecin University, Poland Prof. Titular Gerard Olivar Tost, National University of Colombia, Colombia Prof. Siniša Zarić, Ph.D., University of Belgrade, Serbia Prof. dr hab. Jan Turyna, Uniwersytet Warszawski, Warsaw University, Poland Prof. dr hab. keywords: accounting; biannual; business; copernican; dr hab; dziawgo; economics; finance; financial; główna; hab; handlowa; issn; issue; journal; market; poland; poland prof; prof; school; szkoła; toruń; umk; university; uniwersytet; volume; warsaw; warszawie cache: cjfa-8238.pdf plain text: cjfa-8238.txt