CJFA_1_2015_przed_drukiem.pdf


Copernican Journal of Finance & Accounting





Copernican Journal of 
Finance & Accounting

e-ISSN: 2300-3065

p-ISSN: 2300-1240

Volume 4 
Issue 1

2015
biannual

Nicolaus Copernicus University



EDITORIAL BOARD
EDITOR IN CHIEF: prof. dr hab. Leszek Dziawgo
EXECUTIVE EDITOR: dr Dorota Krupa
ASSOCIATE EDITORS: 
SECRETARY: dr Damian Walczak

SCIENTIFIC COUNCIL
Prof. Dr. M. Peter van der Hoek, Erasmus University, Rotterdam, Netherlands, Academy of Economic Studies, Bucharest, 

Romania
Prof. Dr. Juan-Antonio Mondéjar-Jiménez, Universidad de Castilla – La Mancha, Spain

Poland
Prof. Dr. Sandra Isabel Gonçalves da Saúde, Instituto Politécnico de Beja, Portugal

S t a t i s t i c a l  E d i t o r :  dr hab. Piotr Fiszeder, prof. UMK
P o l i s h  P r o o f  R e a d e r : 
E n g l i s h  P r o o f  R e a d e r :  dr hab. Richard Nicholls, mgr Hazel Pearson

SUBJECT EDITORS
A c c o u n t i n g :  
F i n a n c e :  prof. dr hab. Danuta Dziawgo
B e h a v i o r a l  F i n a n c e  a n d  F i n a n c i a l  E n g e e n e r i n g :  

LIST OF REVIEWERS
Prof. Dr. Catherine Deffains-Crapsky, Université d’Angers, France

Prof. Dr. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany

Prof. Dr. Natalia Konovalova, RISEBA University, Riga, Latvia

Prof. Dr. Adalmiro Pereira, Politécnico do Porto, Portugal

Prof. dr hab. 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 s i g n :  

The primary version of the Journal is the on-line version (www.cjfa.umk.pl), however the Journal is available both in 
print and electronic form.

e-ISSN: 2300-3065 p-ISSN: 2300-1240

 i dystrybuowane w wersji 

EDITORIAL OFFICE
Phone: + 48 56 611 46 34 (mgr Agnieszka ), fax: +48 56 654 24 93 

cjfa@umk.pl, www.cjfa.umk.pl
ADDRESS OF THE PUBLISHER

phone +48 56 611 40 10, kontakt@umk.pl, www.umk.pl

Print: Drukarnia WN UMK, Printed in 300 copies

ICV 2013: 6.9



TABLE OF CONTENTS

Leszek Dziawgo
Introduction  ........................................................................................................................... 7

A solution to eradicate jobless growth: meritocracy  ....................................................... 9

The structural analysis of construction sector of Turkey and its effect  
on the selected macroeconomic indicators  .................................................................. 27

Sustainable development in Norway on the example of government pension fund 
global  ................................................................................................................................... 45

Transnational corporations in the world economy: formation, development and 
present position  .................................................................................................................. 55

S -
gatala economic region of Azerbaijan)  ......................................................................... 71

T  ...................................... 83

Comparative analysis of the bail-in tool  .......................................................................... 97

Imbalanced liquidity risk management: evidence from Latvian and Lithuanian 
commercial banks  ........................................................................................................... 109



 

The analysis of the capacity of the selected measures of decision-making models 
in companies  .................................................................................................................... 131

Credit risk measures – a case of renewable energy companies  ............................... 147

Estimated values: the provisions and the write-downs of assets as tools  
 ................................................................ 157

Risk in providing accounting services in the context of new regulations regarding 
liability insurance ( ) in Poland  ................................................................................... 173

For Authors  ......................................................................................................................... 187