cjfa: A Pathfinder

This is a computer-generated pathfinder created against the Distant Reader study called cjfa.

Each Distant Reader study carrel is composed of many individual items. Each item is bibliographically described with author, title, date, summary, and keyword values. Below is a list of the items' most signficant keywords as well as lists of the items themselves. Purpusing the content of this pathfinder provides the student, researcher, or scholar with one way to get their heads around the scope of the carrel. The keywords include:

Finance; Market; Poland; Prof; Companies; Value; Jest; Capital; Risk; Performance; Się; Development; Bank; Company; Banks; Management; Financial; Information; Model; Banking; Firm; Effect; Stock; Analysis; Nigeria; Firms; Table; Sector; Impact; Insurance; System; Countries; Data; Level; Services; Investment; Returns; Tax; Debt; Pln; Activities; World; Health; Decision; Payout; Equation; Tourism; Ethics; Solutions; Scientists; Finanse; Max; Science

Depending on how this pathfinder was created, many of the bibliographic sections will include elaborations on the meaning(s) of the given keywords. These elaborations were generated by feeding the items' summaries to a large langauge model and asking the model to address the question, "What is X?", where "X" is the keyword. The result will be a few sentences of elaboration. Be forewarned. The elaborations are often plausible, but they should not be take as truth. Instead, they should be taken as points for consideration.

• Sustainability transition needs sustainable finance by Ryszawska, Bożena (2016) - 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: carbon; climate; economy; finance; green; sustainability; system; transition
• For Authors by ., . (2016) - 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; finance; journal
• For Authors by b, m (2017) - 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; finance; journal
• FOR AUTHORS by ., . (2017) - The Editorial Board reserves the right to choose articles for publication in the Copernican Journal of Finance & Accounting and to shorten the text and make amendments in it without the Author’s consent. 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: authors; finance
• FOR AUTHORS by ., . (2017) - 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; finance; journal
• FOR AUTHORS by ., . (2018) - 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; finance; journal
• FOR AUTHORS by ., . (2018) - 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: finance; journal
• Introduction by Krupa, Dorota (2018) - You can find articles about public finance and self-government units, and about the role of corporate accounting in strategic decision-making. Contemporary finance and the economy are un- doubtedly areas full of challenges. Keywords: finance
• FOR AUTHORS by ., . (2018) - 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; finance; journal
• The role bonds in financing climate resilient economy by Więckowska, Marcelina (2013) - 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- The role bonds in financing climaTe resilienT economy 155 ket development. Keywords: bank; bond; carbon; climate; development; economy; energy; finance; financing; green; institutions; investment; investors; issuance; market; risk; usd; world
• FOR AUTHORS by ., . (2018) - 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; finance; journal
• Introduction by Dziawgo, Leszek (2013) - 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
• Introduction by Krupa, Dorota (2019) - 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: finance
• FOR AUTHORS by ., . (2019) - 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; finance; journal
• FOR AUTHORS by ., . (2019) - 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; finance; journal
• FOR AUTHORS by ., . (2019) - 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; finance; journal
• FOR AUTHORS by ., . (2019) - 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; finance; journal
• FOR AUTHORS by ., . (2019) - 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; finance; journal
• THE TRANSFORMATION OF THE CORPORATE GOVERNANCE MODEL: A LITERATURE REVIEW by Adnan, ATM; Ahmed, Nisar (2019) - Copernican Journal of Finance & Accounting, 8(3), 7–47. 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: accounting; agency; board; business; capital; control; corporations; directors; economics; executive; finance; firm; framework; governance; governance model; journal; management; market; model; ownership; performance; policy; review; stakeholder; structure; studies; study; theory; value
• FOR AUTHORS by ., . (2020) - for authors Peer 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. 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; finance; journal
• CHOOSING EQUITY AS A SOURCE OF FINANCE: PERCEPTION OF SME PROMOTERS by Aggarwal, Ansita; Acharya, Satya Ranjan (2020) - 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: bank; capital; company; equity; finance; india; kumar; loan; ltd; smes; source
• FOR AUTHORS by ., . (2020) - for autHors Peer 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. 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; finance; journal
• FOR AUTHORS by ., . (2020) - for autHors Peer 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. 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; finance; journal
• BANK CREDIT ACCESSIBILITY AND PERFORMANCE OF SMES IN KWARA STATE, NIGERIA: A PLS-SEM ANALYSIS by Sanni, Mubaraq; Oke, Lukman Adebayo; Alayande, Idayat Titilayo (2020) - Abstract: This study examines the effect deposit money banks credit accessibility on SMEs performance in Kwara State, Nigeria. Hence, this study is undertaken to examine the effect of DMBs credit accessibility and credit related charges (interest) on SMEs performance in Kwara State, Nigeria. Keywords: access; banks; credit; enterprises; finance; growth; kwara; nigeria; performance; sector; smes; state; study
• Introduction by ., . (2013) - 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
• Evolution of ecological financial market from the perspective of institutional economics by Moszyński, Michał; Więckowska, Marcelina (2014) - 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. Evolution of ecological financial market from the perspec- tive of institutional economics Copernican Journal of Finance & Accounting, 3(1), 121–133. Keywords: companies; csr; environmental; esg; finance; institutions; investment; market; new; process; reporting; rules; sri; state
• Public finance crisis and sustainable development financing – evidence from EU economies by Uryszek, Tomasz (2014) - Furthermore, in 19 out of 27 member states (including Portugal, Spain, Italy and Greece – i.e. highly Public Finance Frisis and sustainable develoPment Financing… 169 indebted PIGS countries) covered by the study, the rate of public expenditures connected with sustainable development financing was higher than the rate of increase in total public expenditures. The second one outlines changes in the structure of public expenditure connected with sustainable development financing. Keywords: countries; dev; development; finance; member; public; spending; states; sus; total
• For Authors by ., . (2014) - 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; finance; journal
• FOR AUTHORS by ., . (2021) - for autHors Peer 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. 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; finance; journal
• FOR AUTHORS by ., . (2021) - 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; finance; journal
• A SIMPLE LINEAR TEST OF THE INTEGRATION IN CORPORATE BOND MARKETS by Panda, Ruchira; Bag, Dinabandhu (2021) - 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: bond; coupon; credit; finance; integration; journal; markets; rate; yield
• FOR AUTHORS by ., . (2021) - 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; finance; journal
• FOR AUTHORS by . (2021) - 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; finance; journal
• FOR AUTHORS by . (2021) - for authors Peer 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. 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; finance; journal
• FOR AUTHORS by . (2022) - for authors Peer 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. 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; finance; journal
• FOR AUTHORS by . (2022) - 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; finance; journal
• FOR AUTHORS by . (2022) - 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. 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; finance; journal
• FOR AUTHORS by . (2022) - 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; finance; journal
• FOR AUTHORS by . (2023) - 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. 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; finance; journal
• IMPACTS OF FINTECH ON FINANCIAL INCLUSION: THE CASE OF SUB-SAHARAN AFRICA by Wulli Faustin Djoufouet; Thierry Messie Pondie (2023) - This is why FinTech is an accelerator of financial inclusion and an opportunity for poor peo- imPaCts of fintECh on finanCial inClusion… 7171 ple, women and rural populations excluded from the financial system (Gomber, Koch & Siering, 2017). 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. Keywords: africa; countries; economic; finance; financial; fintech; inclusion; journal; level; model; people; results; services; study; variables; � �; 𝐹𝐹𝐹𝐹𝐹𝐹 �
• The financial aspect of intergenerational solidarity from the point of view of the senior by Piotrowski, Dariusz (2014) - 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. In the supplementary question, the respondents were asked to indicate the relation between financial benefits and burdens resul- ting from the activities of the older generation felt by the representatives of the younger generation. Keywords: aspect; benefits; chart; debt; economic; expenditure; finance; generation; health; seniors; solidarity; state
• For authors by ., . (2014) - 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; finance; journal
• FOR AUTHORS by . (2023) - 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. 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; finance; journal
• A REVIEW OF STOCK MARKET IMPACT OF ENVIRONMENTAL CATACLYSMS AND LESSONS FOR INVESTORS by Ngwakwe, Collins C (2023) - Accordingly, the objective of this review paper is to use existing empirical studies to understand different effects of environmental disaster on the stock exchange and to draw out the lessons for investors and to develop framework for further research on stock market implication of environmental disasters. org/10.12775/CJFA.2023.006 collins c ngwaKwe* University of Limpopo a review of stocK marKet impact of environmental cataclysms anD lessons for investors Keywords: environmental finance, stock markets, environmental disaster, environ- mental risks, investment arbitrage, risk reduction, adaptive capacity. Keywords: capacity; corporate; disaster; finance; impact; market; research; review; risk; stock; stock market
• For Authors by . (2024) - 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. 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; finance; journal
• Financing of New SMEs in Latvia – Opportunities and Obstacles by Erika Pancenko; Marika Sakele (2024) - finanCing of nEw sMEs in latvia – oPPortunitiEs and oBstaClEs… 4747 To review the existing sources of financing for new SMEs in Latvia, the web- sites of the institutions that offer potential sources of financing and provide information on enterprise financing were analysed. Financing of New SMEs in Latvia – Opportunities and Obsta- cles. Keywords: age; business; capital; development; enterprises; factors; finance; financing; latvia; new; obstacles; smes; sources
• For Authors by . (2024) - 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. 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; finance; journal
• For Authors by . (2024) - 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. 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; finance; journal
• For Authors by . (2024) - 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. 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; finance; journal
• Quo Vadis Climate Transition Risk? A Literature Review and Recommendations by Oguntuase, Oluwaseun J.; Ajibare, Adedayo O. (2024) - Top journals in climate risk transition Table 2 shows the top journals with climate transition risk publications. Oluwaseun J. Oguntuase, Adedayo O. Ajibare6868 Top journals in climate risk transitionTop journals in climate risk transition Table 2 shows the top journals with climate transition risk publications. Keywords: authors; change; climate; climate risk; climate transition; compilation; economics; energy; finance; journal; policy; publications; research; risk; stability; table; transition risk
• For Authors by . (2024) - 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. 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; finance; journal
• An Inquiry Into the Effect of Working Capital Management on Firm Performance Using a Combined Approach of Bibliometric and Thematic Analysis by Bhatt, Amola; Mehta, Bhoomi; Raval, Avani; Joshi, Nisarg (2025) - Co- pernican Journal of Finance & Accounting, 13(3), 9–28. http://dx.doi.org/10.12775/CJFA.2024.011 amola bhatt* Nirma University bhoomi mehta** Nirma University avani Raval*** Nirma University nisaRg Joshi**** Nirma University an inquiRy into the effect of woRking capital management on fiRm peRfoRmance using a combined appRoach of bibliometRic and thematic analysis Keywords: working capital, firm performance, bibliometric analysis, thematic analy- sis, operating cycle, profitability, firm value. Kieschnick, Laplante and Moussawi (2013) has studied the impact of WC management on shareholders’ wealth which is broader as compared to firm profitability. Keywords: analysis; authors; business; capital; finance; financial; firm; impact; journal; management; performance; profitability; research; working
• For Authors by none (2025) - 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; finance; journal
• For Authors by none (2025) - 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. 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; finance; journal
• For Authors by none (2025) - 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. 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; finance; journal
• Cross-sectional Predictability of Indian Stock Returns: A Factor Analytical Approach by Shanbhag, Sanjay; Quddus, Kamran (2025) - For risk factors, we use the Connor and Korajczyk’s (1988) (CK) approach to extract principal components risk factors from the covariance matrix of security returns. We investigate the persistence of statistical significance of these firm char- acteristics after accounting for risk factors. Keywords: factor; fama; finance; firm; journal; model; pricing; returns; risk; stock; � �
• For Authors by none (2025) - 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. 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; finance; journal
• For Authors by ., . (2015) - 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: finance; journal
• The exploration of disposition effect among business undergraduates in Poland by Czerwonka, Monika (2015) - 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: behavioral; disposition; disposition effect; effect; finance; losses; price; stocks
• For Authors by ., . (2015) - 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; finance; journal

• LIQUIDITY-PROFITABILITY TRADEOFF EXISTENCE IN TURKEY: AN EMPIRICAL INVESTIGATION UNDER STRUCTURAL EQUATION MODELING by Baser, Furkan; Gokten, Soner; Kucukkocaoglu, Guray; Ture, Hasan (2017) - 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: financial; firms; fit; latent; liquidity; liquidity profitability; margin; market; model; profitability; turn; variables
• MANAGING FINANCIAL STABILITY BY THE EUROPEAN CENTRAL BANK IN THE PERIOD 2008–2012 by Ciukaj, Radosław (2017) - 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: bank; central; central bank; ecb; european; interest; market; policy; rates; stability; system
• BUSINESS MODEL AND ITS DILEMMAS OF CHOICE by Komorowski, Jan (2017) - 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: business; business model; capital; capital market; choice; companies; company; development; market; model; orientation; results; stock; value
• MEASURING COMPETITIVENESS OF BANKS IN LATVIA by Krasovskis, Deniss; Limanskis, Andrejs; Pancenko, Erika (2017) - 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. The first problem highlighted by interviewees was explanation of interac- tion between bank size (by customers) and financial indicators, such as ROE, ROA and liquidity ratio. Keywords: analysis; assets; banking; banks; competitiveness; concentration; index; industry; latvia; market; sector; shares
• FIELDS OF POTENTIAL USE OF CRYPTOCURRENCIES IN THE PAYMENT SERVICES MARKET IN POLAND – RESULTS OF AN EMPIRICAL STUDY by Piotrowska, Anna Iwona (2017) - 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: bitcoin; cryptocurrencies; experts; figure; institutions; market; mobile; payment; payment services; poland; services; services market; use
• SOCIALLY RESPONSIBLE INVESTMENT IN ASIA by Kłobukowska, Justyna (2017) - Socially responsible investment (SRI) is a kind of investment approach that considers the environmental and social impacts of investments in financial SOCIALLY RESPONSIBLE INVESTMENT IN ASIA analysis. Asian countries became a vital part of market too. Keywords: asia; companies; development; investment; market; social; sri
• EU ENERGY UNION: ADJUSTMENT TO THE NEW DEVELOPMENT CYCLE by Spiridonovs, Jurijs; Bogdanova, Olga (2017) - Taking into account that fact that usually competences for practical transposition of different actions (mostly in form of legal acts) falls under responsibility of different institutions constant cross-checking to avoid decrease of potential synergies between the benefits provided by the five dimensions. energy policy is relatively new, however energy is one of the fundamental sectors of economy having significant impact on the development of any country. 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: commission; dimensions; energy; energy union; european; market; union
• HEAVY-TAILED DISTRIBUTIONS AND THE CANADIAN STOCK MARKET RETURNS by Eden, David; Huffman, Paul; Holman, John (2017) - 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: distribution; market; returns; risk; skewed; stock
• ECONOMIC ACTIVITY AND SOCIAL DETERMINANTS VERSUS ETREPRENEURSHIP IN SMES – SELECTED ASPECTS by Małecka, Joanna; Łuczka, Teresa; Šebestová, Jarmila; Šperka, Roman (2018) - 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. Thus, a social aspect appears that is associated with distrust as an often indi- cated factor directly determining company development. Keywords: activity; business; capital; company; determinants; development; enterprises; entrepreneurship; knowledge; market; małecka; research; łuczka
• LOW COST RETIREMENT SOLUTIONS BASED ON ROBO-ADVISORS AND EXCHANGE TRADED FUNDS by Nowak, Kamil (2018) - ■ Tax efficiency – Unlike mutual funds ETFs do not expose their sharehol- ders to capital gains distributions. Money market ETFs and mutual funds expense ratio and performance comparison Fund Ticker AUM (millions USD) Expense ratio (%) Performance (%) +/- Keywords: advisors; average; cost; etfs; expense; fees; funds; index; market; ratio; retirement; robo; usd
• CONTAGION AND DIVERGENCE ON SOVEREIGN BOND MARKETS by Jaworski, Piotr; Liberadzki, Kamil; Liberadzki, Marcin (2018) - The research methodology and the course of the research process The framework for market contagion modeling Figure 1. The research methodology and the course of the research process The framework for market contagion modeling Figure 1. Keywords: changes; contagion; copula; crisis; distribution; divergence; effect; figure; market; values; � �
• THE GREEN BOND AS A PROSPECTIVE INSTRUMENT OF THE GLOBAL DEBT MARKET by Laskowska, Anna (2018) - The essence of green bonds Green bonds were defined as fixed-income securities, issued in order to obtain the capital for further financing or refinancing of undertakings contributing to the improvement of natural environment. Green bonds taxonomy Systematics of green bonds Energy Solar Wind Bioenergy Geothermal Hydropo- wer Wave and tidal Transport Low carbon transport Electric vehicles Public transport Water-borne Alternative fuel Water Green infrastruc- ture Wastewater treatment Desalination Infrastruct- ure upgrades Waste & Pollution Control Recycling Composting Circular economy Technology to sequester carbon Building & Industry Green buildings Energy capture systems Energy efficiency technology Efficient technology projects Waste heat recovery Agriculture & Forestry Afforesta- tion Revegeta- tion Organic agriculture Reduced fertilizer use Intensive agriculture efficiencies Land remediation Scheme 1. Keywords: bank; bonds; bonds market; capital; climate; debt; development; green; issue; market; world
• INDIVIDUAL INVESTORS ON THE FINANCIAL MARKET IN POLAND by Pawłowski, Jarosław (2018) - The results of analyses performed by the SII from 2010 to 2016 allow to formulate a number of conclusions concerning the structure of financial investments made by individual investors in Poland during that period. The results of analyses performed by the SII from 2010 to 2016 allow to formulate a number of conclusions concerning the structure of financial investments made by individual investors in Poland during that period. Keywords: approx; diagram; group; investments; investors; market; poland; research; respondents; stocks; years
• Private equity and venture capital – theoretical considerations by Drewniak, Zbigniew (2013) - i odnosi się wyłącznie do inwestycji w wykupy menadżerskie. i odnosi się wyłącznie do inwestycji w wykupy menadżerskie. Keywords: capital; czy; equity; evca; finansowania; industry; inwestycji; jako; jest; kapitału; kapitału podwyższonego; market; oraz; podwyższonego; podwyższonego ryzyka; polsce; private; przedsiębiorstw; przez; rozwoju; rynku; ryzyka; się; spółki; statistics; tego; tzw; venture; venture capital
• FINANCING THE SOLAR ENERGY MARKET THROUGH THE USE OF SECURITIZATION – THE CASE OF THE UNITED STATES by Pawłowski, Maciej (2019) - 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: assets; energy; energy market; financing; installations; market; photovoltaic; photovoltaic installations; process; securitization; solar
• CORPORATE SOCIAL AND ENVIRONMENTAL DISCLOSURES AND MARKET VALUE OF LISTED FIRMS IN NIGERIA by Okpala, Okwy Peter; Iredele, Oluwamayowa Olalekan (2019) - Abstract: This study examines the effect of corporate social environmental disclosure (CSED) on the market value of eighty-four (84) listed firms in Nigeria, which were pur- posively selected from the period 2011 to 2016. 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. Keywords: disclosures; effect; environmental; firm; journal; market; market value; nigeria; performance; reporting; responsibility; size; study; value; variables
• WEALTH MANAGMENT MARKET IN CHINA OPPORTUNITIES AND CHALLENGES by Dziawgo, Tomasz (2019) - Largest HNWI population… Wealth management market in China… 51 Chinese wealth management market characteristics and trends Chinese wealth management market has been on the rise since 2007 when first commercial banks introduced initial private banking services. In spite of being relatively young, Chinese wealth management market has been developing rapidly with increasing number of affluent clients and their value of total assets. Keywords: assets; china; chinese; hnwi; management; market; private; wealth
• STOCK MARKET INDICES AS A MEASURMENT TOOL FOR PROFITABILITY OF CORPORATE SOCIAL RESPONSIBILITY ACTIVITIES by Laskowska, Anna (2019) - Stock market indices as a measurement tool for profitability of corporate social responsibility activities. http:// dx.doi.org/10.12775/CJFA.2018.021 anna laskowska* Nicolaus Copernicus University in Toruń stock market IndIces as a measurement tool for profItabIlIty of corporate socIal Keywords: company; csr; index; indices; market; profitability; respect; responsibility; return; sharpe; sri; stock; sustainability; table; wig
• TRADIOTIONAL FISCAL DEVICES IN POLNAD AND THE CONCEPT OF THEIR MODERNIZATION by Jakubowska, Marta (2019) - 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: cash; cash registers; computer; devices; fiscalisation; market; number; online; poland; pos; system
• INTEGRATION OF FINANCIAL RISKS WITH NON FINANCIAL RISKS: AN EXPLORATORY STUDY FROM PAKISTANI CONTEXT by Shah, Syed Alamdar Ali (2019) - 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: asset; bank; banking; basel; business; capital; credit; earnings; financial; liability; management; market; risk; volatility
• INFORMATION CONTENT OF STOCKS IN CALL AUCTION OF SHORTER DURATION IN EMERGING MARKET by Bag, Dinabandhu (2020) - 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: information; market; order; probability; stocks; volatility; volume; � �; 𝑅 �; 𝑆𝑆 �
• IMPACT ON CAPITAL STRUCTURE DECISION MAKING: INDIAN MEDIUM-SIZED FOOD INDUSTRY ANALYSIS by Aggarwal, Ansita; Acharya, Satya Ranjan (2020) - 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: assets; capital; effect; equity; firms; food; india; market; structure
• Derivatives as security against market risk on the example of the selected companies by Pawłowski, Jarosław (2013) - 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: derivatives; exchange; instruments; market; options; price; rate; risk; security
• State aid as a tool encouraging production of energy from renewable sources by Bartniczak, Bartosz (2014) - State aid as a tool encouraging production of energy from renewable sources. Copernican Journal of Finance & Accounting, 3(1), 19–31. 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; biofuels; energy; energy sources; european; market; production; sources; state aid; support
• Authorised Adviser – as a company of public trust in the NewConnect OTC (Over-The-Counter) exchange by Kołosowska, Bożena; Voss, Grażyna (2014) - 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). Such companies then gain vari- ous benefits resulting from being listed in the NewConnect market, with signif- icantly limited capital resources and lower formal requirements in relation to the companies listed at the Warsaw Stock Exchange. Keywords: adviser; audit; capital; companies; company; ethical; exchange; kołosowska; market; newconnect; otc; stock; unit
• The efficiency of public insurance supervision vs. Pareto efficiency by Kurek, Robert (2014) - The thesis stating that Pareto efficiency can determine operations carried out by public insurance supervision authorities underlies this particular study and determines its goal. The specific recognition of efficiency underlying the operations performed by public insurance supervision authorities Public supervision is the function “aimed at compromising, in a supervisory manner, both private and public activities with the requirements of substan- tive law, following the interests of public order and public benefit” (Staryszak 1931, 93). Keywords: authorities; efficiency; entities; institutions; insurance; market; operations; pareto; situation; supervision
• EXAMINING THE LONG MEMORY IN STOCK RETURNS AND LIQUIDITY IN INDIA by Bala, Anju; Gupta, Kapil (2021) - 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: behavior; ift; journal; liquidity; market; memory; nifty; persistence; returns; stock; y n
• TIME-SERIES AND CROSS-SECTIONAL MOMENTUM IN INDIAN STOCK MARKET by Singh, Simarjeet; Walia, Nidhi (2021) - To make time-series momentum returns directly comparable with cross-sectional momentum returns, we in- vest in 20% of total stocks. Cross-alphas of various cross-sectional and time-series momentum returns Independent Variable    Cross-Sectional Dependent VariableCross-Sectional    Time-Series Time-Series Cross-Sectional    Holding Period 1 0.476% (2.037) 0.083% (0.347) 3 0.346% (1.360) 0.138% (0.452) 6 0.368% (1.362) 0.000% (-0.003) 9 0.458% (1.978) 0.039% (0.174) 12 0.729% (2.545) -0.284% (-0.934) 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: cross; market; momentum; momentum strategies; returns; series; series momentum; strategies; time
• INDIA GAS EXCHANGE TODAY’S REALITY AND PATH AHEAD by Patel, C.S. Divyesh; Patel, Dr. Naresh K. (2021) - IGX would lead India towards Gas Based Economy by designing and providing robust solution for natural gas trading and access. Conclusion IGX would lead India towards Gas Based Economy by designing and provid- ing robust solution for natural gas trading and access. Keywords: bid; energy; exchange; figure; gas; igx; india; market; natural; oil; petroleum; price; research; trading
• STOCK PRICES: EFFECT OF BEHAVIORAL BIASES ON INVESTOR’S MINDSET IN GUJARAT STATE, INDIA by Soni, Krunal; Desai, Maulik (2021) - 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 influence 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: company; construct; effect; investors; ipo; market; stock; study
• EXAMINING THE IMPACT OF STRUCTURAL BREAKS ON PRICE DISCOVERY EFFICIENCY: EVIDENCE FROM THE INDIAN EQUITY FUTURES MARKET by Adish Kumar; Kapil Gupta (2022) - 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: futures; market; n d; n f; period; price; stock
• HOW CARBON PROJECTS CAN ADD TO SUSTAINABLE DEVELOPMENT GOALS OF INDIA’, AN ASSOCIATIVE STUDY OF CDM PROJECTS by Avani Raval; Swati Saxena; Shashank Thanki (2022) - Avani Raval, Swati Saxena, Shashank Thanki132 Carbon risk differs with ownership of firm and methodology of project Carbon risk The firm’s ownership and methodology adopted for the project creates no dif- ference in carbon risk. The findings of the research will assist managers in decision-making about carbon emission project risks. Keywords: carbon; carbon risk; cdm; change; climate; countries; development; emissions; energy; firms; india; market; projects; risk; study; table; technology
• REACTION OF SHARE PRICES TO DIVIDEND POLICY OF NON-FINANCIAL FIRMS IN NIGERIA: A PANEL DATA APPROACH by A. Emeka-Nwokeji, Nkechi; Nangih, Efeeloo; O. Chiedu, Christian; N. Ekwunife, Ebele (2022) - 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: data; dividend; dividend policy; effect; firm; market; payout; policy; price; share; study; yield
• EXAMINING THE RELATION BETWEEN MARKET VALUE AND CO2 EMISSION: STUDY OF INDIAN FIRMS by Desai, Rajesh; Raval, Avani (2022) - 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. 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. J E L Classification: Q51, Q56. Keywords: carbon; co2; co2 emission; companies; data; effect; emission; firm; market; market value; performance; study; value
• KOREAN MUSIC AWARDS AND ABNORMAL STOCK RETURNS by Hafida Nur Chofifah; Ani Wilujeng Suryani (2023) - Therefore, the impact of award information on the occurrence of ARs in entertainment com- panies is important to study. Music awards that fail to elicit a response can be attributed to the awards’ timing being too close and the assessment criteria being too restrictive, preventing the public, especially investors, from making an investment decision. Keywords: ars; award; car; companies; entertainment; gcma; information; investors; journal; korean; market; music; price; returns; stock; study
• INVESTORS’ OVERCONFIDENCE IN THE STOCK MARKET by Rajasekharan Ganesh; S. Thiyagarajan; Gopala Vasudevan; G. Naresh (2023) - 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; investors; lag; market; overconfidence; overconfidence bias; return; study; trading; value; volume
• Greening financial market by Dziawgo, Leszek (2014) - 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: activities; bank; business; csr; dziawgo; environment; financial; funds; institutions; investment; market; products; protection
• Stock Exchanges Sustainability Support Assessment by Kalinowski, Marcin (2014) - It helps to compare stock exchange sustainability support levels. Each category has been proposed as support variable assessing stock exchanges sustainability. Keywords: companies; company; exchange; index; level; market; profit; ssi; stock; support; sustainability; sustainability support
• Market and non-market factors influencing the development of green energy producers by Janik, Bogna (2014) - They think that renewable energy sources in Poland are strictly connected with local so- cieties. 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’. Keywords: analysis; biomass; certificates; development; energy; market; ozex_a; production; rse; sources
• Business-to-business platforms as a part of e-commerce – possibilities of practical use by Polish enterprises by Pyka, Anna; Błach, Joanna (2014) - Business to business platforms as a form of e-commerce Business to business platforms are an innovative solution supporting the pro- curement (and sale) management process in a company, allowing increase in effectiveness of its activities. Business to business platforms: ■ are innovative solutions that give a real competitive edge thanks to si- gnificant reduction of costs of purchase of goods and services, shorte- ning of the return on investment period leading to increase in profitabi- lity of the company; 5 More: Niedźwiedziński 2004, 19–25. Keywords: b2b; bank; business; business platforms; commerce; companies; costs; internet; market; platforms; procurement; sale; services; use
• IPO Initial Underpricing Anomaly: the Election Gimmick Hypothesis by Zaremba, Adam; Żmudziński, Radosław (2014) - However, IPO initial underpricing anomaly… 175 we strongly feel that it may be due to model’s misspecification. Ritter J. (2003), Investment banking and securities issuance, [in:] Handbook of the Eco- nomics of Finance, G. Constantinides, M. Harris & R. Stulz (eds.), Elsevier, Amster- dam. IPO initial underpricing anomaly… 181 Ritter J., Welch I. (2002). Keywords: companies; election; ipo; ipos; market; money; offer; size; state; table; underpricing; years
• ARE LIQUIDITY, DIVIDEND POLICY, LEVERAGE, AND PROFITABILITY THE DETERMINANTS OF FIRM VALUE: EVIDENCE FROM THE LISTED FIRMS? by Chakraborty, Brishti; Maruf, Md. Yealid Hassan (2023) - The association between firm value and finan- cial ratios is tested through the following regression models: 𝑃𝑃𝑃𝑃𝑃𝑃�𝑇𝑇𝑇𝑇� � �� � ���𝐶𝐶𝐶𝐶𝐶𝐶��� � ���𝐶𝐶𝑅𝑅𝑅𝑅��� � ���𝐷𝐷𝑅𝑅𝐶𝐶��� � ���𝐷𝐷𝑃𝑃𝐶𝐶��� � ���𝑇𝑇𝑅𝑅𝑇𝑇��� � ���𝐹𝐹𝐹𝐹��� � ���𝐹𝐹𝑅𝑅��� � ���𝐹𝐹𝐹𝐹��� � �� ����� � ��𝐶𝐶 � �� � ���𝐶𝐶𝐶𝐶𝐶𝐶��� � ���𝐶𝐶𝑅𝑅𝑅𝑅��� � ���𝐷𝐷𝑅𝑅𝐶𝐶��� � ���𝐷𝐷𝑃𝑃𝐶𝐶��� � ���𝑇𝑇𝑅𝑅𝑇𝑇��� � ���𝐹𝐹𝐹𝐹��� � ���𝐹𝐹𝑅𝑅��� � ���𝐹𝐹𝐹𝐹��� � �� ����� � Where: Dependent Variables: PBV (TQ) and MKC; Independent Variables: CHR, ROA, DAR, DPR, TAT; Control Variables: FS, FA, FG; Coefficient β and Error term ε. A man- aged dividend policy does not have a negative effect on company value in the event that the capital market is perfect. Keywords: asset; company; dividend; firm; journal; liquidity; market; policy; price; ratio; total; value; � �; � 𝐹𝐹𝐹𝐹
• FIRM VALUATION WITH DATA ENVELOPMENT ANALYSIS: BORSA IṠTANBUL EXAMPLE by Ozan Üzgün, Yusuf; Aypek, Nevzat (2023) - For example, the dif- ference indicator between firm no. 2 and firm no. 42 is found by solving the fol- lowing formula: 9 δ2,42 = ∑���,� � ���,��� � �0.57� 0.65�� � �0.19� 0.09�� � �0.24� 0.26�� � 0.018 Table 1. Variable δij for each company i, difference indicator between companies i and j as follows (Anadol, 2000, p. 106-107): 𝛿𝛿�� ������ � ����� (3) Keywords: analysis; dea; firm; market; valuation; value; � �; � 𝑋𝑋; � 𝑌𝑌; 𝑀𝑀 �
• Intellectual Capital and Market Performance of Nigerian Companies by Titilayo Salman, Ramat; Abogun, Segun (2024) - Capital employed supports company intellectual capital to create value in the organization. Intellectual capital performance: An empirical investigation on Nigerian Bank, Abuja Journal of Banking & Finance. 4(2), 58-66. Keywords: capital; capital efficiency; companies; company; efficiency; journal; market; market value; nigerian; performance; salman; study; value
• Financialization and Dynamics of Currency Futures Market during COVID-19: Evidence from India by Kumar, Adish; Gupta, Kapil (2024) - It may be due to the reason that during COVID-19 period, there was so much volatility in foreign portfolio investment (Figure 2), which created a spillover effect on equity futures market and it started following currency futures market and also there is difference in tim- ing of market operation. In a nutshell, study suggests that there is an evidence of financialization of currency futures market in India, which is not documented yet in literature to the best of author’s knowledge. Keywords: cfr; covid-19; currency; currency futures; equity; exchange; futures; market; nfr; period; test
• The Impact of the Covid-19 Pandemic on Polish IT Enterprises - Financial Sector Analysis by Goldmann, Katarzyna; Zawadzki, Aleksander (2024) - The determined statis- tical parameters show that the COVID-19 pandemic had a positive impact on the finan- cial situation of IT sector companies listed on the Stock Exchange. The obtained results indicate differences in the finan- cial situation of IT sector companies listed on the main market compared to the paral- lel market and an increase in the investment attractiveness of IT sector companies in the analyzed period. Keywords: analysis; companies; enterprises; liquidity; market; median; pandemic; ratio; sector; sector companies; table
• Financial Market Development and Export Earnings in Nigeria by Aliyu, Ahmed Alhaji; Etudaiye-Muhtar, Oyebola Fatima (2025) - There- fore, it was concluded that financial market development through financial market ac- cess, efficiency, and stability has a significant impact on export earnings in Nigeria. http://dx.doi.org/10.12775/ CJFA.2024.015 ahmed alhaji aliyu* University of Ilorin oyebola fatima etudaiye-muhtar** University of Ilorin financial market development and export earnings in nigeria Keywords: financial markets, export earnings, Stock Market Volatility, economy. Keywords: development; earnings; export; export earnings; financial; market; nigeria; rate; relationship; study; test; variables; � ∑; � �; � 𝐹𝐹𝐹𝐹𝐹𝐹
• Effectiveness of Open, High and Low Prices in Stock Market Price Prediction by Ngwakwe, Collins C. (2025) - However, out of the existing research, only few, such as Collins C. Ngwakwe8080 Enow (2022), has used a combination of the open, high, and low prices to meas- ure their prediction effect on stock market price in six markets. This implies that in the absence of other market information, private or pub- lic, which may affect stock market price, the open, high, and low prices can be utilized by stock market participants, investors, and portfolio managers in pre- dicting the market price. Keywords: index; low; market; market price; prediction; price; regression; results; stock; table
• SWOT analysis of Turkish Energy Market in the context of Electricity Market in the context of electricity market by Çelıkkol, Hakan; Köse, Fatma (2015) - 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: ahead; day; electricity; electricity market; energy; energy market; epi̇aş; license; market; sector; structure; time; turkey
• Professional financial and accounting services in the light of European Union directives and the deregulation of professions in Poland – current status and research needs by Ciechan-Kujawa, Marlena (2015) - 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: accounting; accounting services; audit; business; changes; deregulation; european; impact; market; professions; quality; services

• Capital Flows in European Union on the Basis of International Investment Position – Selected Aspects by Maciejczyk-Bujnowicz, Iwona (2016) - 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. 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: capital; countries; gdp; iip; integration; liabilities; net; poland; share; structure
• Editorial pages by ., . (2016) - 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: dr hab; hab; poland; prof; university
• EDITORIAL PAGES by ., . (2018) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• THE ROLE OF CASHLESS TRANSACTIONS IN THE PROCESS OF LIMITING THE SCALE OF THE SHADOW ECONOMY by Jakubowska, Marta (2018) - The number of cashless transactions involving payment instruments per capita in the years 2001–2015 the shadow economy both in the EU and in Poland and the number of payment card transactions per capita have been presented. The value and number of payment card transactions Over the years 1999–2016 (figure 4) both the value and the number of payment card transactions were gradually increasing. Keywords: card transactions; cashless payment; cashless transactions; economy; figure; number; payment; payment cards; poland; shadow; shadow economy; years
• EDITORIAL PAGES by ., . (2018) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• ACCELERATORS FOR STARTUPS IN EUROPE by Serwatka, Anna (2018) - In Poland, 76 per- cent of startups operate in the B2B model, that is, selling technologies and ser- vices to other companies, while other startups have opted for the B2C model. Accelerators in the Start in Poland program Anna Serwatka74 pert advice and get to know other startups. Keywords: acceleration; accelerators; business; companies; development; europe; months; pln; poland; program; startups
• EDITORIAL PAGES by ., . (2018) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; prof; university
• EDITORIAL PAGES by ., . (2018) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• PROPAGANDA OF SUCCESS IN THE AREA OF THE STATE’S SOCIAL AND ECONOMIC POLICY by Piotrowski, Dariusz (2019) - 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). The third and last area of government propaganda analysed in this study is the high dynamics of Poland’s GDP. Keywords: family; figure; government; information; media; number; poland; programme; propaganda; respondents; state; survey
• INNOVATIVENESS OF THE POLISH ECONOMY IN THE CONTEXT OF SUSTAINABLE DEVELOPMENT by Ziółkowska, Wiesława (2019) - 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 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: average; capita; countries; development; economy; expenditure; gdp; innovation; innovativeness; percentage; poland; r&d
• EDITORIAL PAGES by ., . (2019) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2019) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• THE USAGE OF MOBILE BANKING APPLICATIONS IN POLAND: EMPIRICAL RESULTS by Borowski-Beszta, Mikołaj; Kiermas, Anna (2019) - 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.   The usage of mobile banking applications in Po- land: empirical results. Keywords: applications; banking; banking applications; banking users; mobile; number; payments; poland; polish; respondents; users
• EDITORIAL PAGES by ., . (2019) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2019) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik-Dejewska sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: economics; poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2019) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik-Dejewska sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2020) - 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 Wiatr, Warsaw School of Economics, Poland Prof. Joanna Wielgórska-Leszczyńska, Warsaw School of Economics, Poland Prof. Siniša Zarić, University of Belgrade, Serbia Dr Tomáš Heryán, Silesian University, School of Business Administration, Czech Republic C o v e r D e s Leszek Dziawgo ExECutivE Editor: dr Dorota Krupa assoCiatE Editors: dr Ewa Chojnacka, mgr Agnieszka Żołądkiewicz-Kuzioła sECrEtary: dr Damian Walczak, mgr Anna Olewnik-Dejewska sCiEntifiC CounCil Prof. Luis Otero González, Universidad 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. Stanisław Owsiak, Cracow University of Economics, Poland Prof. Wiesława Przybylska-Kapuścińska, Poznan University of Economics, Poland Prof. Mustafa Akan, Dogus University, Istanbul, Turkey Prof. 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: economics; hab; poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2020) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń, phone: + 48 56 611 46 34 (mgr Agnieszka Żołądkiewicz-Kuzioła), fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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 Hope Osayantin Aifuwa Sustainability reporting and firm performance in developing climes: A review of literature ............................................................................................................ 9 S. S. M. Sadrul Huda, Md. Humayun Kabir, Nurun Naher Popy, Sunny Saha Innovation in financial services: the case of Bangladesh ............................................. 31 Muhammed Lawal Subair, Ramat Titilayo Salman, Ayodeji Fatai Abolarin, Abdulrasheed Taiwo Abdullahi, Akeem Sisofa Othman Board Characteristics and the Likelihood of Financial Statement Fraud .................... 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: hab; poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2020) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2020 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2020 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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 Hedi Baazaoui For a new method of calculating the disclosure index ................................................... 9 Ishfaq Hamid, Pabitra Kumar Jena Linear and non-linear Granger causality between foreign direct investment and economic growth: evidence from India ................................................................. 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: hab; poland; poland prof; prof; university
• Social Security in Poland – cultural, historical and economical issues by Adamiak, Stanisław; Chojnacka, Ewa; Walczak, Damian (2013) - 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: act; benefits; catholic; church; contributions; fund; health; insurance; item; journal; laws; poland; security; state; system; teaching
• Models of tax incentives for R&D activities of enterprises in European Union countries by Szlęzak-Matusewicz, Joanna (2014) - 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: activities; activity; countries; development; enterprises; expenditures; incentives; oecd; poland; r&d; research; tax; tax incentives
• Editorial pages by ., . (2014) - 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: hab; poland; prof
• EDITORIAL PAGES by ., . (2021) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2020 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2020 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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 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 .................................... 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: hab; poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2021) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2020 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2020 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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 ...................................................................... 9 Diana Kangwa, Joseph Thokozani Mwale, Junaid M. Shaikh Co-evolutionary Dynamics of Financial Inclusion of Generation Z in a Sub-Saharan Digital Financial Ecosystem ................................................................ 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: hab; poland; poland prof; prof; university
• EDITORIAL PAGES by ., . (2021) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2021 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2021 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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: hab; poland; prof; spain; university
• EDITORIAL PAGES by . (2021) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2021 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2021 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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, 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: hab; poland; prof; spain; university
• EDITORIAL PAGES by . (2021) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2021 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2021 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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 ............................................................................................................... 9 Erika Pancenko, Tatyana Ivanova Opportunities for Increasing the Export of Latvia to EU Countries ................................ 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: hab; poland; prof; spain; university
• EDITORIAL PAGES by . (2022) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2021 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2021 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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 ........................ 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: hab; poland; poland prof; prof; spain; university
• EDITORIAL PAGES by . (2022) - Wersja papierowa jest dostępna w druku na żądanie na stronie internetowej Wydawnictwa www.wydawnictwoumk.pl © 2022 Copyright by Uniwersytet Mikołaja Kopernika Toruń 2022 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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: The Case of US Public Firms ............................................ 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: poland; poland prof; prof; spain; university
• EDITORIAL PAGES by . (2022) - Wydawnictwa www.wydawnictwoumk.pl © 2022 Copyright by Uniwersytet Mikołaja Kopernika w Toruniu Toruń 2022 ICV 2021: 100.00 list of reviewers Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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: poland; poland prof; prof; spain; university
• EDITORIAL PAGES by . (2022) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (mgr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2021: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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: A Study With Reference to Facebook ............................................................................. 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: poland; poland prof; prof; spain; university
• Problems of regulations for SME in Poland – institutional and cultural context by Kasiewicz, Stanisław; Kurkliński, Lech (2014) - 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: companies; development; legislation; poland; polish; process; regulacji; regulations; sme; smes; system; warszawa
• Environmental charges levied on power plants by Ptak, Michał (2014) - 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: air; charges; emissions; energy; environment; plants; poland; pollution; power; use; water; środowiska
• EDITORIAL PAGES by . (2023) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (mgr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2021: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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 Dalia Abrach, Khalil Feghali Examination of Ethical and Professional Conduct of Lebanese External Auditors ....... 9 Brishti Chakraborty Does Board Structure and Ownership Structure Influence 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: poland; poland prof; prof; spain; university
• Editorial pages by . (2024) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (mgr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2021: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain 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. 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 Gaye Acikdilli, Abdullah Bugra Soylu Service Trust, Loyalty, and Satisfaction: Do Clients Prefer Insurance Firms or Agencies? 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: poland; poland prof; prof; spain; university
• Editorial pages by . (2024) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2021: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Amira Ben Hassoun Auditor Choice and Peer Firms Similarity: the Case of Tunisian Firms ............................. 9 Karina Harjanto The Analysis of Financial Reporting Quality and Firm Value ......................................... 27 Adish Kumar, Kapil Gupta Financialization and Dynamics of Currency Futures Market During COVID-19: Evidence from India ........................................................................................................... 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: economics; poland; prof; spain; university
• Editorial pages by . (2024) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2022: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Amira Ben Hassoun, Manel Hadrich Does Tax Aggressiveness Lead to More Earnings Management: the Case of Tunisian Firms .................................................................................................... 9 Katarzyna Goldmann, Aleksander Zawadzki The Impact of the Covid-19 Pandemic on Polish IT Enterprises – Financial Sector Analysis .................................................................................................... 27 Rahji Ohize Ibrahim, Kamaldeen Ibrahem Nageri Foreign Financial Flows on Financial Efficiency in Sub-Sahara African Countries ...... 49 Srikanth Potharla, Suman Kolpula Board Independence and Earnings Stability: A Non-linear Perspective from Indian Companies .......................................................................................................................... 73 Saheed Akande Shittu, Emmanuel Abiodun Alagbe, Olushola Rasheed Jimoh Tax Planning, Corporate Tax Avoidance and Copernican Journal of Finance & Accounting Copernican Journal of Finance & Accounting e-ISSN: 2300-3065 p-ISSN: 2300-1240 Volume 12 Issue 4 2023 quarterly Editorial Board Editor in ChiEf: prof. Keywords: economics; poland; prof; spain; university
• Editorial pages by . (2024) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2022: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Fidiana Fidiana Media Pressure and Carbon Disclosure of Indonesian Greenest Firms ......................... 9 Collins C Ngwakwe Differential Effect of Advertising Frequency on Sales Turnover and Ads to Sales Ratio ..................................................................................................................................... 27 Erika Pancenko, Marika Sakele Financing of New SMEs in Latvia – Opportunities and Obstacles ................................ Copernican Journal of Finance & Accounting Copernican Journal of Finance & Accounting e-ISSN: 2300-3065 p-ISSN: 2300-1240 Volume 13 Issue 1 2024 quarterly Editorial Board Editor in ChiEf: prof. Keywords: economics; poland; prof; spain; university
• Editorial pages by . (2024) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2022: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Dorsaf Ben Aissia, Alaa Eddine Chakroun Study of the Performance and Determinants of Initial Coin Offering ............................ 9 Abdullahi Adio Babatunde Demand Side Factors and Financial Inclusion: The Mediating Role of Financial Self-efficacy ................................................................................................... Copernican Journal of Finance & Accounting Copernican Journal of Finance & Accounting e-ISSN: 2300-3065 p-ISSN: 2300-1240 Volume 13 Issue 2 2024 quarterly Editorial Board Editor in ChiEf: prof. Keywords: economics; poland; poland prof; prof; spain; university
• Editorial Pages by none (2025) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2023: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Amola Bhatt, Bhoomi Mehta, Avani Raval, Nisarg Joshi An Inquiry Into the Effect of Working Capital Management on Firm Performance Using a Combined Approach of Bibliometric and Thematic Analysis ........................... 9 Xiang (Gail) Gao, Emmanuel Sequeira, Qifeng (Charles) Wu The Impact of Female Executives on the Quality and Comparability of Financial Statements: Evidence from the U.S. ............................................................ UMK, dr 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: economics; poland; prof; spain; university
• Editorial Pages by none (2025) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2023: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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 Dr Dariusz Pauch, Szczecin University, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Ahmed Alhaji Aliyu, Oyebola Fatima Etudaiye-Muhtar Financial Market Development and Export Earnings in Nigeria ..................................... 9 Mikołaj Borowski-Beszta, Michał Polasik, Andrzej Meler, Anna Borowska-Beszta NFC, Wearables and QR Code in POS Payments: Determinants of Adoption of the Leading Mobile Payment Technologies in Europe ............................................. UMK 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: economics; poland; prof; spain; university
• Editorial Pages by none (2025) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2023: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Hussein Abd-Allah, Khloud Magdy Khalaf Mohamed, Maryam Safwat Mohammed Mahmood, Nada Nour Sayed Mohamed Herding Behavior and Stock Market Efficiency: An Empirical Study in the Egyptian Stock Market ......................................................................................................................... 9 Goodnews Kolawole Gureje, Okwy Peter Okpala, Collins Sankay Oboh Determinants of Audit Fees among Insurance Firms in Nigeria .................................... UMK, dr Maciej Chodziński 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: economics; poland; prof; spain; university
• Editorial pages by none (2025) - +48 56 611 40 10 kontakt@umk.pl, www.umk.pl Print: Drukarnia WN UMK Editorial offiCE Gagarina 13a, 87-100 Toruń phone: + 48 56 611 46 34 (dr Agnieszka Żołądkiewicz-Kuzioła) fax: +48 56 654 24 93 cjfa@umk.pl, www.cjfa.umk.pl ICV 2023: 100.00 list of rEviEwErs Prof. Domagoja Buljan Barbača, University of Split, Croatia Prof. Francesca Bartolacci, University of Macerata, Italy Prof. Jasna Bogovac, University of Zagreb, 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. Cristina Gânescu, Constantin Brâncoveanu din Pitești, Romania Prof. Jerzy Gierusz, Gdansk University, Poland Prof. Dirk Kiesewetter, Julius-Maximilians-Universität Würzburg, Germany Prof. Jan Koleśnik, Warsaw School of Economics, Poland Prof. Natalia Konovalova, RISEBA University, Riga, Latvia Prof. Janina Kotlińska, The John Paul II Catholic University of Lublin, Poland 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. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universidad Politécnica de Valencia, Spain Prof. Anna Szelągowska, Warsaw School of Economics, Poland 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 Ines Ben Flah, Azhaar Lajmi The Role of the Working Capital Structure in Financing Innovation: Evidence from the Eastern European Countries ............................................................... 9 Tomasz Dziawgo Regulatory Technology (Reg Tech) as an Enhancement of Compliance Processes in Financial Institutions ........................................................................................................ UMK, dr Maciej Chodziński 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: economics; poland; prof; spain; university
• Editorial pages by ., . (2015) - 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: hab; poland; prof; university

• Editorial pages by ., . (2017) - 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 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. 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. 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: prof
• EDITORIAL PAGES by ., . (2017) - 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 Wiatr, Warsaw School of Economics, Poland Dr Tomáš Heryán, Silesian University, School of Business Administration, SECRETARY: dr Damian Walczak SCIENTIFIC COUNCIL Prof. 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: prof; university
• EDITORIAL PAGES by ., . (2017) - 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 Wiatr, Warsaw School of Economics, Poland Dr Tomáš Heryán, Silesian University, School of Business Administration, SECRETARY: dr Damian Walczak, mgr Anna Olewnik SCIENTIFIC COUNCIL Prof. Luis Otero González, Universidad 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: prof; university
• Strony Redakcyjne by ., . (2013) - Stanisław Owsiak, Uniwersytet Ekonomiczny w Krakowie, Cracow University of Economics, Poland Prof. dr hab. Wiesława Przybylska-Kapuścińska, Uniwersytet Ekonomiczny w Poznaniu, Poznan University of Economics, Poland Prof. Dr. Sandra Isabel Goncalves da Saude, Instituto Politecnico de Beja, Portugal Prof. dr hab. Keywords: hab; prof
• EDITORIAL PAGES by . (2023) - 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 www.umk.pl Print: Drukarnia WN UMK EDITORIAL OFFICE cjfa@umk.pl, www.cjfa.umk.pl ICV 2021: 100.00 LIST OF REVIEWERS Prof. Francesca Bartolacci, University of Macerata, Italy 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. Cristina Gânescu, Constantin Brâncoveanu din Pite ti, Romania 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. Ewa Miklaszewska, Cracow University of Economics, Poland Prof. Emil Papazov, University of National and World Economy, Sofia, Bulgaria Prof. Ángel Peiró Signes, Universitat Politècnica de València, Spain Prof. Adalmiro Pereira, Politécnico do Porto, Portugal Prof. Wojciech Piotrowicz, University of Oxford, Great Britain Prof. Francisco Sánchez del Cubo, Universidad de Castilla-La Mancha, Spain Prof. Maria del Val Segarra-Oña, Universitat Politècnica de València, 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 ......... Keywords: prof; spain; university
• Editorial pages by ., . (2014) - 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: hab; prof; university
• Editorial Pages by ., . (2015) - 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. 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. Keywords: prof

• 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 by Braga, João Paulo; Gomes, Luís M. Pereira (2016) - [8] �������� � � ���� �� ���� [9] where ���� represents the average abnormal return in relation to all stocks in � period, � is the number of companies in analysis, �� is the number of weeks in relation to the period studied and �������� represents the cumulative average abnormal return between week �� and week ��. [8] �������� � � ���� �� ���� [9] where ���� represents the average abnormal return in relation to all stocks in � period, � is the number of companies in analysis, �� is the number of weeks in relation to the period studied and �������� represents the cumulative average abnormal return between week �� and week ��. Keywords: announcement; average; bid; bids; companies; model; returns; stock; takeover; takeover bid; target companies; term �; week �; � constituent; � period; � �
• Basel III Equity Requirements and a Contemporary Rating Approach by Hofbauer, Günter; Klimontowicz, Monika; Nocoń, Aleksandra (2016) - The above capital has to be considered as equity capital, according to na- tional accounting standards. Today both countries fulfil the Basel requirements but the share of equity capital in total assets is still at the higher level in Poland (see Figure 3). Keywords: banks; basel; basel iii; capital; companies; equity; iii; rating; risk
• DISCLOSING NON-FINANCIAL INFORMATION IN COMPANIES’ REPORTS IN CROATIA by Peršić, Milena; Halmi, Lahorka (2017) - Copernican Journal of Finance & Accounting, 5(2), 181–200. 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. This research was focused on the structure of the indicators identified in non-financial reports, viewed as content-orien- ted and entry-oriented measures (attributes). Keywords: attributes; companies; indicators; information; measures; non; number; reports; research; results; sum; sustainability; ☻ ☻
• CREATIVE ACCOUNTING PRACTICIES IN SLOVAKIA AFTER PASSING FINANCIAL CRISIS by Škoda, Miroslav; Lengyelfalusy, Tomáš; Gabrhelová, Gabriela (2017) - 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. And one of the new ways is creative accounting. Keywords: accounting; companies; company; earnings; financial; income; information; management; managers; practices; slovakia; tax
• THE INFLUENCE OF ASSET AND PROFITABILITY TOWARD SHARE VALUE: MEDIATION EFFECT OF LIQUID ASSET by Sitorus, Tigor; Denny, * (2018) - 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. The independent variables which are: asset value (X1) which is indica- ted by the ratio of current asset and fixed asset, (Kieso et al., 2011), War- ren et al. (2005), and profitability (X2) which is indicated by net income, ROA, ROE, (Ulupui, 2008). 2) The dependent variables which are: the value of stock (Y2) represented by share price at the time of closing of transactions till end of year, Bri- gham and Houston (2010). 3) Mediation variables which are: liquid asset (Y1) that is represented by ratio of net cash flow, Stice, Stice and Skousen (2009). 3. Keywords: asset; companies; company; influence; liquid; mining; profitability; research; share; share value; stock; value; variable
• MANAGING SOLID URBAN WASTE IN ITALY: AN ECONOMIC, FINANCIAL, AND ENVIRONMENTAL PERFORMANCE ANALYSIS by Bartolacci, Francesca; Soverchia, Michela; Zigiotti, Ermanno (2018) - 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: capita; companies; italy; management; net; performance; plant; revenues; waste
• DIVIDEND PRACTICES IN LISTED BANKS OF BANGLADESH by Islam, Mohammad Shahidul (2018) - 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: bangladesh; banks; cash; companies; dividend; firm; journal; payout; policy; practices; table
• THE IMPACT OF INTANGIBLE FACTORS ON PROFITABILITY: EVIDENCE FROM CORPORATIONS TRADED AT MUSCAT SECURITIES MARKET IN OMAN by Kaymaz, Mike Onder; Yilmaz, Ilker; Kaymaz, Ozgur (2019) - It is an alternative way to use all such expenses instead of only using intangible assets value from the balance sheet. Fixed effects and random ef- fects regressions had produced insignificant results at a first run and Haus- man test needed showed that random effects regression model must be chosen. Keywords: assets; companies; cvif; effects; factors; intangibles; model; performance; regression; results; value
• SUSTAINABILITY REPORTING AND FIRM PERFORMANCE IN DEVELOPING CLIMES: A REVIEW OF LITERATURE by Aifuwa, Hope Osayantin (2020) - Impact of sustainability performance of company on its financial performance. In selecting articles that research the impact of sustain- ability practices on corporate firm performance, several keywords were used: corporate sustainability, social sustainability, environmental sustainability, firm performance, financial performance, and non-financial performance. Keywords: accounting; business; companies; disclosure; firms; gri; impact; issues; journal; nigeria; organization; performance; reporting; sustainability; sustainability reporting
• Investments in stock of banks implementing high social responsibility standards listed on the Warsaw Stock Exchange by Buszko, Michał (2014) - Returns of RESPECT Index vs. WIG and NCI Period RESPECT WIG NCI 19.11.09 – 31.12.09 4,87% 1,63% 2,26% 31.12.09 – 31.12.10 32,17% 18,77% 27,65% 31.12.10 – 31.12.11 -11,25% -20,83% -34,39% 31.12.11 – 31.12.12 29,23% 26,24% -20,09% 31.12.12 – 31.03.13 -7,41% -4,87% -1,68% 19.11.09 – 31.12.10 38,61% 20,70% 30,53% 19.11.09 – 31.12.11 23,02% -4,44% -14,36% 19.11.09 – 31.12.12 58,98% 20,63% -31,56% 19.11.09 – 31.03.13 47,20% 14,75% -32,72% Source: own elaboration based on data of WSE. Returns of RESPECT Index vs. WIG and NCI Period RESPECT WIG NCI 19.11.09 – 31.12.09 4,87% 1,63% 2,26% 31.12.09 – 31.12.10 32,17% 18,77% 27,65% 31.12.10 – 31.12.11 -11,25% -20,83% -34,39% 31.12.11 – 31.12.12 29,23% 26,24% -20,09% 31.12.12 – 31.03.13 -7,41% -4,87% -1,68% 19.11.09 – 31.12.10 38,61% 20,70% 30,53% 19.11.09 – 31.12.11 23,02% -4,44% -14,36% 19.11.09 – 31.12.12 58,98% 20,63% -31,56% 19.11.09 – 31.03.13 47,20% 14,75% Keywords: bank; bank sa; banking; companies; data; elaboration; fig; prices; respect index; stock; wig; wse
• DETERMINANTS OF DIVIDEND PAYOUT DECISIONS OF ORGINAL EQUIPMENT MANUFACTURERS FROM INDIAN AUTOMOBILE INDUSTRY by Kaur, Navleen (2021) - http://dx.doi.org/10.12775/CJFA.2021.005 navleen 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: automobile; companies; company; decisions; dividend; dividend payout; payout; ratio; relationship; study; variables
• FRAUD RISK AND AUDIT QUALITY: THE CASE OF US PUBLIC FIRMS by Frikha Chaari, Hela; Belanès, Amel; Lajmi, Azhaar (2022) - Copernican Journal of Finance & Accounting, 11(1), 29–47. http://dx.doi.org/10.12775/ CJFA.2022.002 Hela friKHa cHaari* University of Tunis aMel belanès** University of Jeddah University of Tunis azHaar lajMi*** University of Tunis fraud risK and audit quality: tHe case of 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; audit; committee; companies; fees; fraud; fraud risk; quality; risk; score
• CREATIVE ACCOUNTING AND SHAREHOLDERS WEALTH MAXIMIZATION IN LISTED CONSUMER GOODS COMPANIES IN NIGERIA by Olalekan Iredele, Oluwamayowa; Babatunde Adeyeye, Gbadegesin; Babatunde Owoyomi, Ebenezer (2022) - Creative Accounting and Shareholders Wealth Maximization in Listed Consumer Goods Companies in Nigeria. Creative accounting is a term used to describe means used by preparers of financial statements to make companies become competitive in the busi- ness environment where they operate (Odia & Ogiedu, 2013). Keywords: accounting; changes; companies; effect; inventory; practices; shareholders; study; valuation; wealth
• CLASSIFICATION OF STAKEHOLDERS ACTIVISM AIMING TO INFLUENCE CORPORATE SOCIAL RESPONSIBILITY by Danuta Dziawgo (2023) - 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: activism; business; classification; companies; company; consumers; csr; financial; investors; management; responsibility; stakeholders; time
• Regulation of financial condition insurers in the Russian Federation and assessment the insurers by insured by Kirillova, Nadezda (2014) - 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: companies; condition; federation; insurance; insurer; requirements; reserves; russian; russian federation
• Advanced Private Banking in Terms of Ecology by Nowak, Kamil (2014) - 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; banking; companies; environment; fund; institutions; investment; positions; private; sector; ubs
• DIGITALIZATION AS A LEVER OF INNOVATION FOR SMES: AN EXPLORATORY STUDY IN THE CAMEROONIAN CONTEXT by Djeudja, Rovier; Matejang, Letissia Stephanie; Nya, Magloire Tchatchoua (2023) - Translating or de- fining what is meant by process innovation. The table above relates the perception of digital in the companies to their in- fluence on innovation variables such as process and product. Keywords: cameroonian; companies; company; digitalization; hand; innovation; management; process; research; smes; study; technologies; technology; variables
• Service Trust, Loyalty, and Satisfaction: Do Clients Prefer Insurance Firms or Agencies? Evidence from Turkey by Acikdilli, Gaye; Bugra Soylu, Abdullah (2024) - Yet, how trust in insurance agencies affects the loyalty of insurance customers has not been a focus in academic literature. An- dreassen and Lanseng (1997) reported insurance firms had a higher impact on the loyalty levels of insurance customers than the agencies and, where the per- ceived service quality is of high quality, corporate image influences custom- er loyalty. Keywords: agencies; companies; company; customer; customer loyalty; customer satisfaction; dimensions; insurance; loyalty; quality; satisfaction; service; service quality; trust
• Is It Worth the Hype? Influence of Artificial Intelligence Efforts on Key Financial Company Metrics by Maier, Daniel (2024) - Despite of this, an increasing number of AI efforts over the last years can be confirmed.   It is also not known whether AI efforts have any quantitatively measurable consequence on success metrics at all. Keywords: companies; company; data; effort; impact; performance; research; value
• Media Pressure and Carbon Disclosure of Indonesian Greenest Firms by Fidiana Fidiana (2024) - The current study aims to empirically test carbon emission disclosure (CED) in developing countries such as Indonesia. Therefore, the various dimensions that can motivate carbon emissions disclosure have not yet received established statistical sup- port. Keywords: carbon; carbon disclosure; climate; companies; company; disclosure; emissions; indonesia; legitimacy; media; performance; pressure; research
• Sustainability Committee, Audit Firm Type and Corporate Sustainability Reporting of Non-Financial Firms in Nigeria by Muhammed Kamaldeen Usman (2024) - This was modified because the researcher focused on the relationship between corporate governance and business characteristics (board size, board independence, CEO duality, director’s shareholding, audit committee, firm age, firm growth, firm debt ratio and firm size) and sustainability reporting disclosure considering 2010-2013 annual reports of Taiwan 50 Index-listed companies which are different from this current study. The association between predictors and sustainability reporting practices in listed non-financial firms was elucidated through the interpretation of coeffi- cient values, t-values, and probability values (sig), which reveal both the direc- tion and strength of the relationships among the variables. Keywords: audit; committee; companies; disclosure; firm; practices; reporting; reporting practices; study; sustainability; sustainability committee; sustainability reporting; type
• Intellectual Capital and Financial Performance of Listed Oil & Gas Companies in Nigeria by Salman, Ramat Titilayo; Abdulsalam-Gambari, Aisha (2025) - Intellectual capital performance: an empirical investigation of Nigerian banks. Abstract: Intellectual capital is a driving force of performance of many organizations worldwide. Keywords: capital; companies; efficiency; firms; gas; human; nigeria; oil; performance; value
• The Role of the Working Capital Structure in Financing Innovation: Evidence from the Eastern European Countries by Ben Flah, Ines; Lajmi, Azhaar (2025) - Product innovation is affected by WCS. The main conclusions of this research high- light the importance of working capital as a funding resource for innovation activities. Keywords: activities; bank; capital; companies; credit; financing; firms; innovation; products; r&d; research; working
• Stock Prices Volatility as an Input to the Economic Assessment of the Nuclear Power Plant in the Real Option Method by Krysiak, Zbigniew (2025) - http://dx.doi.org/10.12775/CJFA.2025.008 zbIgnIew KrysIaK* Warsaw School of Economics STOCK PRICES VOLATILITY AS AN INPUT TO THE ECONOMIC ASSESSMENT OF THE NUCLEAR POWER PLANT IN THE REAL OPTION METHOD Keywords: exchange traded funds, nuclear assets, Monte Carlo simulation, real op- tions, volatility, regression analysis, nuclear power plant, small modular reactors, high- temperature gas-cooled reactors. 150 entities involved in the provision of products and services for nuclear power plants and simultaneous production of heat and electricity based on nuclear energy. Keywords: activity; companies; energy; etf; nua; plants; power; prices; sector; share; stock; volatility
• The impact of long-lived non-financial assets depreciation/amortization method on financial statements by Kozlovska, Ieva (2015) - Opinions expressed by foreign researchers are that depreciation/ amorti- zation expense is informative about company’s depreciation policy and depre- ciation/ amortization methods have significant influence over investment de- cisions taken by company’s management and shareholders. The impact of long-lived non-financial assets depreciation/ amortization method on financial statements. 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. Keywords: accounting; amortization; amortization method; assets; author; companies; company; depreciation; economic; financial; journal; management; method; research
• Framework for improving quality and comparability of non-financial reporting system by Peršić, Milena; Bakija, Katarina; Vlašić, Dubravka (2015) - 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. IT support for accounting information system in hospitali- ty industry. Keywords: accounting; business; companies; croatian; development; directive; framework; hospitality; information; management; peršić; reporting; sustainability; system

• An empirical evaluation of selected accounting-based value drivers in the Polish banking sector by Bolibok, Piotr (2016) - 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. Financial innovation, Basel Accord III, and bank value. Keywords: accounting; assets; banks; charter; equity; size; value; � �
• THE ROLE OF INSTANT PAYMENT SYSTEMS IN THE POLISH ECONOMY by Sadłakowski, Dominik (2017) - 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: bank; instant; payment; retail; settlement; system; value
• VARIABILITY OF ACCOUNTING POLICIES – ADVANTAGES AND DISADVANTAGES by Bojarenko, Julija (2018) - 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.   A systematic and comprehensive approach to the formation and disclosure of fixed asset accounting policy will ensure the truthfulness of financial infor- mation. Keywords: accounting; accounting policy; assets; costs; policy; value
• PENSION VALORIZATION METHOD – SELECTED ISSUES by Kobylińska, Anna; Balcerowski, Maciej (2018) - 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; benefits; gdp; inflation; pension; ratio; valorization; value
• INVESTOR’S STOCK SELECTION DECISION: INFLUENCE OF PROFITABILITY, COMPANY SIZE, AND RAROC by Sitorus, Tigor; Yuganda, Kendo (2019) - 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: company; decision; investor; model; profitability; research; results; risk; selection decision; size; stock; stock selection; study; value
• AN EMPIRICAL ANALYSIS OF CORPORATE CAPITAL STRUCTURE AND FINANCIAL PERFORMANCE OF LISTED CONGLOMERATES IN NIGERIA by Oke, Lukman Adebayo; Saheed, Daud Omotosho; Quadri, Yusuf Olamilekan (2019) - 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: assets; capital; capital structure; debt; financial; firm; journal; nigeria; performance; ratio; relationship; structure; study; term; total; value
• ACCOUNTING INFORMATION AND LENDING DECISION: DOES SUSTAINABILITY DISCLOSURE MATTER? by Aifuwa, Hope Osayantin; Saidu, Musa; Enehizena, Osaruese Cynthia; Osazevbaru, Albert (2020) - The study concluded that accounting information affect banks’ lending decisions, also although corporate sustainability insignificantly influence bank lending decision, it does not matter.   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). Keywords: accounting; accounting information; banks; collateral; commercial; disclosure; financial; firms; information; journal; lending; lending decisions; level; management; nigeria; profit; study; sustainability; value
• The impact of IFRS on the value relevance of accounting data of banks listed on the Warsaw Stock Exchange by Bolibok, Piotr (2014) - 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). The Chow test statistic is given by the following equation (Dougherty 2001, 245-246): ���� � � ��� = ���������������� �����������/������ (3) where: − RSSP – total sum of the squares of the residuals in the pooled regression, − RSSA, RSSB – residual sums of squares for the subsample regressions A and B, respec- tively, − n – number of observations in the pooled sample, − k – number of regression coefficients. Keywords: accounting; banks; ifrs; value; value relevance; ∙ �; � parameter; � period; � ∙; � �
• Real options in the assessment of the company’s pro-ecological investments by Dziawgo, Ewa (2014) - 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; following; investment; model; option; time; time t; value
• The imperative of sustainable growth and reporting integration. Three eras in the corporate reporting development by Karmańska, Anna (2014) - 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; capital; development; era; growth; information; reporting; stakeholders; statement; value
• CORPORATE GOVERNANCE AND POST-MERGER PERFORMANCE: EVIDENCE FROM US BANKS by Neffati, Amira; Khiari, Wided; Lajmi, Azhaar (2021) - Amira Neffati, Wided Khiari, Azhaar Lajmi100 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 influence bank performance following mergers operations. http://dx.doi. 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. Keywords: bank; deficit; firm; mergers; ownership; performance; results; size; study; value
• THE INFLUENCE OF FIRM SIZE, LEVERAGE, PROFITABILITY, AND DIVIDEND POLICY ON FIRM VALUE OF COMPANIES IN INDONESIA STOCK EXCHANGE by Prasetya Margono, Ferdy; Gantino, Rilla (2021) - 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: company; company value; dividend; firm; impact; leverage; policy; profitability; research; size; value
• THE FINANCIAL EFFECTS OF THE FISCAL SOVEREIGNTY OF MUNICIPALITY REGARDING REAL ESTATE TAX by Agnieszka Żołądkiewicz-Kuzioła (2023) - 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: effects; estate tax; field; increase; municipalities; municipality; pln; revenues; sovereignty; value
• The imperative of sustainable growth and reporting integration. The fourth era in the corporate reporting development by Karmańska, Anna (2014) - 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. This text, which is the second part of a two-part analysis, refers to the problem of a new trend of corporate reporting primarily for two reasons: (1) to point to the legitimacy of the joint deter- mination by economic sciences of the axis around which reporting on corporate (orga- nisation) performance should revolve, (2) in view of the variety of perceptions of va- lue, to make everybody aware that different elements of corporate reporting should be compatible and that its usefulness for a wide range of stakeholders is predetermined by the explicitness of perception of the categories which are present in these elements. Keywords: business; development; framework; growth; guidelines; iirc; information; international; management; organisation; reporting; sustainability; sustainability reporting; value
• Real Options Approach to the Pre-Closing Process of a Merger and Acquisition: An Exploratory Study in the French Context by Flah, Ines Ben (2024) - http://dx.doi.org/10.12775/CJFA.2024.007 ines ben flah* University of Tunis real options approach to the pre-closing process of a merger anD acquisition: an exploratory stuDy in the french context Keywords: real options, mergers and acquisitions, pre-closing process, exploratory study. On this basis, we will resume the main theoretical work concerning the optional approach in M&A. The applied research method aims to enrich and complete this literature by identify- ing the different types of real options related to M&A projects based on a qualitative and exploratory research study and carried out with experts involved in the French M&A market (investment bankers, merger and acquisition consultants, strategy advi- sor, financial transaction services manager and accounting experts). Keywords: acquirer; acquisition; category; closing; m&a; options; phase; potential; process; target; value
• Transnational Corporations in the World Economy: Formation, Development and Present Position by Jaworek, Małgorzata; Kuzel, Marcin (2015) - FORMATION, DEVELOPMENT AND PRESENT POSITION Keywords: transnational corporations (TNCs), multinational firms, international busi- ness, foreign direct investment (FDI), global economy. The discussion in the second part focuses on defining the role that transnational corporations play in the world economy. Keywords: corporations; economy; global; international; role; states; table; tncs; united; value; world
• The analysis of the capacity of the selected measures of decision-making models in companies by Kościelniak, Helena; Skowron-Grabowska, Beata; Łęgowik-Świącik, Sylwia; Łęgowik-Małolepsza, Małgorzata (2015) - Tools and measures of the assessment of selection alternatives of decision- making may not only support decision-making processes in the assessment of regularities of use of the possessed resources and achievement of the assumed objectives but also they should enable the formation of model solutions. Studies are designed to show the main parts of the decision-making pro- cess in researches companies. Keywords: altman; analysis; assets; decision; making; model; ratio; value
• Estimated values: the provisions and the write-downs of assets as tools to manipulate financial results of enterprises by Stępień, Konrad (2015) - 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: accounting; assets; company; downs; provisions; value; write
• The January seasonality and the performance of country-level value and momentum strategies by Zaremba, Adam (2015) - 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. First, the zero-portfolios from sorts on earnings-to-price ratios have are positive returns that significantly differ from 0 only in the net approach. Keywords: country; december; effect; january; journal; level; momentum; performance; returns; strategies; value

• Freedom of choice of a lawyer by Balcerowski, Maciej (2013) - 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. Wątpliwości budzi zwłaszcza pominięcie profesjonalnych pełnomocników, wymienionych w art. Keywords: art; dyrektywy; jednak; jest; lub; może; należy; nie; ochrony; oraz; pełnomocnika; postępowania; prawnej; prawnych; prawo; przez; przypadku; ramach; się; tego; tym; ubezpieczenia; ubezpieczeniowej; ubezpieczeń; udu; ust; ustawy; usług; wyboru; wydaje; zgodnie
• Bookkeeping techniques in historical perspective by Banaszkiewicz, Aleksandra (2013) - Podobnie jak w wielodziennikowej metodzie włoskiej, zapisy z ame- rykańskich dzienników szczegółowych były przenoszone w sumach ogólnych, najpierw do dziennika zbiorczego, a następnie do księgi głównej (Niemski 1947: 170). Podobnie jak w wielodziennikowej metodzie włoskiej, zapisy z amerykańskich dzienników szczegółowych były przenoszone w sumach ogólnych, najpierw do dziennika zbiorczego, a następnie do księgi głównej (Niemski 1947: 170). Keywords: amerykańskiej; były; dziennik; graficzny; główna; głównej; jak; jako; jednocześnie; jej; jest; konto; ksiąg; księgi; księgi głównej; księgowości; księgowych; które; matuszewicz; metody; metodzie; niemski; prowadzenia; rachunkowości; rachunkowych; rysunek; również; schemat; się; szachownicy; techniki; też; warszawa; wieku; włoskiej; zapisy; zapisów
• Obligatory third party liability insurance for professionals by Bożek, Diana Renata (2013) - Autorka odnosi się także do wpływu deregulacji do- stępu do zawodów na ubezpieczenia odpowiedzialności cywilnej. De lege ferenda trzeba postulować gruntowny przegląd zawodów objętych obowiązkiem po- siadania ubezpieczenia odpowiedzialności cywilnej i podjęcie przez ustawo- dawcę decyzji, w stosunku do których zawodów taki obowiązek nie znajduje racjonalnego uzasadnienia. Keywords: bowiem; cywilnej; czy; dnia; dostępu; insurance; jest; kowalewski; które; których; liability; nie; obowiązkowe; obowiązkowych; odpowiedzialności; odpowiedzialności cywilnej; prawo; przez; renata; się; ubezpieczenia; ubezpieczeniowej; ubezpieczeń; umowy; ustawy; więc; zawodowe; zawodów; zaś
• Attitude of the International Monetary Fund to a concept of sustainable development by Huterski, Robert (2013) - Robert Huterski68 Jednakże zawarta w punkcie pierwszym akceptacja wzrostu gospodarcze- go jako narzędzia likwidacji biedy i niedorozwoju stała się przyczyną znaczą- cej krytyki zrównoważonego rozwoju w ujęciu Raportu Brundtland (Kośmic- ki 2010: 114). Odniesienia do zrównoważonego rozwoju w publikacjach MFW Specyfiką międzynarodowych instytucji finansowych, takich jak MFW czy Bank Światowy, jest z pozoru działalność mocno ograniczona do transakcji fi- nansowych. Keywords: development; dla; działalności; działania; fund; funduszu; gospodarczego; ich; imf; instytucji; jako; jego; jest; koncepcji; mfw; między; międzynarodowego; nie; oraz; przez; roku; rozwoju; rozwój; się; stosunek; systemu; tym; walutowego; wzrostu; zasobów; zrównoważonego; zrównoważonego rozwoju; zrównoważony; środowiska; światowego
• The impact of the greenhouse gas emission allowances trading system on the enterprise value by Jankowski, Paweł (2013) - Jednym z rynkowych rozwiązań w ochronie środowiska są zbywalne po- zwolenia na korzystanie ze środowiska. Paweł Jankowski* Uniwersytet Mikołaja Kopernika w Toruniu ochrona środowiska w wycenie Przedsiębiorstwa na Przykładzie wykorzystania oPcJi rzeczywistych Słowa kluczowe: ETS, EU ETS, ochrona środowiska, opcje rzeczywiste, wartość przed- siębiorstwa. Keywords: być; cieplarnianych; emisji; energii; gazów; instrumentów; jak; jest; które; lub; mogą; może; możliwość; ochrony; opcji; options; opóźnienia; oraz; produkcji; projektu; przedsiębiorstwa; przez; przy; realnych; rzeczywistych; się; skalę; wykorzystania; zarządzania; środowiska
• Risk appraisal in the award of contract bonds by Jańska, Anna (2013) - 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 Ź r ó d ł o : opracowanie własne na podstawie: Nowak 2011 oraz dane ze strony www.knf.gov.pl Zobowiązany z kolei może zacząć traktować gwarancję jaką formę nieoprocentowanego kredytu kupieckiego – w przypadku gwarancji handlowych. Keywords: charakter; czy; dla; działalności; gwarancji; gwaranta; jak; jest; kontraktu; lub; nie; oceny; oraz; procesie; procesu; przez; przypadku; roku; ryzyka; się; ubezpieczenia; ubezpieczeniowych; ubezpieczeń; udzielania; umowy; usterek; usunięcia; wad; wykonania; właściwego; zapłaty; zobowiązanego
• The development of contactless payment market in Poland and in the world by Kunkowski, Janusz (2013) - 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. Orange Cash do płatności w Internecie. Keywords: contactless; dzięki; jest; karty; klientów; mastercard; mobilnych; natomiast; nfc; nie; orange; oraz; paypass; paywave; polasik; polsce; przez; płatniczych; płatności; rfid; roku; rozwoju; rozwój; rynek; rynku; się; technologii; transakcji; visa; zbliżeniowej; zbliżeniowych
• The development of Polish venture capital and private equity market by Lulek, Izabela (2013) - Warto zauważyć, że mimo wysokiego udziału inwestycji typu VC/PE w Polsce w ogóle zrealizowa- nych inwestycji w regionie Europy Środkowo-Wschodniej, sięgającego nawet 51% w 2010 roku, inwe- stycje realizowane w Polsce mają niższy udział w PKB w porównaniu do całej Europy Środkowo- Wschodniej (z wyjątkiem 2010 i 2011 roku). Warto zauważyć, że mimo wysokiego udziału inwestycji typu VC/PE w Pol- sce w ogóle zrealizowanych inwestycji w regionie Europy Środkowo-Wschod- niej, sięgającego nawet 51% w 2010 roku, inwestycje realizowane w Polsce mają niższy udział w PKB w porównaniu do całej Europy Środkowo-Wschod- niej (z wyjątkiem 2010 i 2011 roku). Keywords: capital; dla; equity; europie; europy; fundusze; fundusze vc; inwestorów; inwestycji; jest; kapitału; latach; oraz; pe w; podstawie; polsce; private; przedsiębiorstwa; przez; roku; rozwoju; rozwój; rynku; ryzyka; również; się; udział; venture; w europie; w latach; w polsce; wschodniej; wysokiego; yearbook; środkowo
• The use of electronic distribution channels of banking services in Poland by Polasik, Michał (2013) - ką rozwoju zbliżoną do Niemiec czy Austrii, z pewną korektą w dół wskaźnika bankowości internetowej w stosunku do odsetka użytkowników Internetu, która jest spowodowana występującym w Polsce problemem wykluczenia fi- nansowego (około 30% mieszkańców Polski w wieku 15+ nie Liczba przelewów zleconych poszczególnymi kanałami bankowości elektronicznej w grudniu danego roku (w tys.) 42 136 49 627 59 123 63 229 11 320 11 769 16 916 18 852 11 870 11 235 10 316 9 540 335 314 276 343 0 10 000 20 000 30 000 40 000 50 000 60 000 70 000 80 000 90 000 100 000 2008 2009 2010 2011 Pozostałe kanały* Keywords: banking; bankowości; bankowych; banków; dla; dystrybucji; elektronicznych; home; internetowej; jest; kanałów; klientów; lat; liczby; mobilnej; oraz; pod; polsce; przelewów; przez; roku; rozwoju; się; także; transakcji; usług; wykorzystanie; wykres
• Changes in Ias 1 and the practices of selected companies listed on the Warsaw Stock Exchange by Winnicka, Edyta (2013) - Są to m.in.: zmiany w nadwyżce z przeszacowania, zyski i straty wynikające z prze- liczenia pozycji sprawozdania finansowego jednostki działającej za granicą, zyski Istotną zmianą w MSR 1, dokonaną we wrześniu 2007 roku, a obowiązują- cą od 1 stycznia 2009 roku, było wprowadzenie koncepcji wyniku całościowego. Keywords: bek; całkowitych; dochodów; finansowej; finansowych; gaik; informacji; innych; jest; kapitału; msr; nie; notowanych; oraz; pozycji; prezentacji; przez; roku; się; sprawozdania; spółek; spółki; sytuacji; walińska; wybranych; wyniku; własnego; x x; zmiany
• Corporate Social Responsibility accounting in the context of the selected cultural aspects of the twenty-first century by Banaszkiewicz, Aleksandra; Makowska, Ewa (2013) - Poza tym zużywa ona mniejszą ilość prądu w porównaniu z innymi drukarkami tej klasy, a wykorzystywane do jej obsługi tonery charakteryzują się wyższą wydajnością. Wolonta- riat pracowniczy polega na angażowaniu się pracowników firmy w działalność woluntarystyczną na rzecz organizacji społecznych. Keywords: banaszkiewicz; biznesu; csr; dla; działań; ewa; firmy; jak; jako; jej; jest; kontekście; które; lub; makowska; odpowiedzialność; oraz; pracowników; pracy; przedsiębiorstwa; przez; przykład; rachunkowości; rozwoju; rzecz; również; się; społeczeństwa; społeczna; także; warszawa; wybranych; środowiska
• Cost management of e-business projects by Ciechan-Kujawa, Marlena; Goldmann, Katarzyna (2013) - Rezerwa 5000 Razem 94 200 * Przyjęte koszty odwzorowują poziom cenowy obowiązujący w miastach o liczbie mieszkańców w przedziale 250– –350 tys. Realizowane w tym zakresie przedsięwzięcia mają służyć poprawie efek- tywności, szybkości i innowacyjności oraz stanowić nowy sposób tworzenia wartości w organizacji. Keywords: biznesowe; biznesowych; business; będzie; ciechan; czy; grupowych; ich; jak; jest; katarzyna; kosztami; koszty; kosztów; kujawa; marlena; miesiąc; między; oraz; produktu; projektu; przedsięwzięcia; przez; realizacji; serwisu; się; usługi; wartości; zakresie; zakupów; zarządzanie
• Arrangement of functioning of shadow banking in Poland and in the European Union by Huterska, Agnieszka; Huterski, Robert (2013) - Ze względu na pogorszenie się jakości kredytów w portfelach banków można przypuszczać, że udział niespłaconych Agnieszka Huterska, Robert Huterski OR 58 pożyczek znajdujących się w instytucjach parabankowych, które w bardziej li- beralny sposób przyznają pożyczki swoim klientom, może być wysoki (Raport o stabilności 2012: 63). Także zgromadzone w nich depozyty nie są ob- jęte gwarancjami Bankowego Funduszu Gwarancyjnego (art. Keywords: banking; bankowości; bankowych; bankowym; czynności; działalności; finansowego; jak; jest; knf; komisja; które; lub; może; nadzoru; nie; oraz; podmioty; podmiotów; przez; rynku; równoległej; shadow; się; systemu; także
• Business Interruption insurance as an element of production company insurance program by Kita, Mateusz (2013) - Zastosowanie w działalności de- weloperskiej, Biblioteka Bankowca, Twigger, Warszawa. Zdarzenie objęte zakresem ubezpieczenia bazowego jest równocześnie początkiem okresu odszkodowawczego w odpowiednim ubezpieczeniu utraty zysku. Keywords: być; działalności; element; galey; gdy; ich; insurance; jako; jego; jest; koszty; kosztów; kuhn; lub; mienia; może; nie; odszkodowania; oraz; produkcji; programu; przedsiębiorstwa; przez; przychodów; rynku; się; szkody; ubezpieczenia; ubezpieczeń; utraty; utraty zysku; wskutek; zaś; zysku
• Costs of research and development in the view of the Accounting Act and the International Accounting Standard № 38 “Intangible Assets” by Kozak, Piotr (2013) - Rozliczenie Koszty obrotów (1) Poniesienie kosztów rodzajowych w związku z pracami rozwojowymi. (2) Księgowanie kosztów prac rozwojowych ze względu na miejsce ich poniesienia. Rozliczenie Koszty obrotów (1) Poniesienie kosztów rodzajowych w związku z pracami rozwojowymi. (2) Księgowanie kosztów prac rozwojowych ze względu na miejsce ich poniesienia. Keywords: badawczo; badawczych; działalności; ich; jest; koszty; kosztów; kosztów koszty; kosztów prac; kosztów zakończonych; księgowanie kosztów; lub; miejsce; niematerialne; okresie; opracowanie; prac; prac rozwojowych; przeniesienie kosztów; rachunkowości; rozliczenie; rozwojowej; rozwojowych; rozwojowych ze; się; wartości; względu; własne; zakończonych; zakończonych prac; związku
• Saving preferences of households in Poland by Krupa, Dorota; Walczak, Damian; Chojnacka, Ewa (2013) - Krupa, Damian Walczak, Ewa Chojnacka OR 118 Wyszczególnienie 2005 2007 2009 2011 w obligacjach 5,8% 3,3% 3,6% 2,9% w funduszach inwestycyjnych 9,2% 14,5% 8,4% 7,2% Indywidualne Konto Emerytalne 11,9% 9,0% 6,2% 4,3% w papierach wartościowych notowanych na giełdzie 3,2% 2,5% 2,0% 2,6% udziały oraz akcje w prywatnych spółkach akcyjnych 3,1% 2,4% 1,4% 2,1% lokaty w nieruchomościach 6,8% 6,4% 4,5% 3,0% lokaty w innych niż nieruchomości dobrach materialnych 2,6% 2,1% 1,8% 1,8% w gotówce 39,5% 44,2% 42,6% 44,7% w polisie ubezpieczeniowej X X X 9,1% w innej formie 6,0% 5,0% 6,0% 5,6% Gospodarstwa domowe deklarujące posiadanie oszczędności oraz formy gromadzenia oszczędności Wyszczególnienie 2005 2007 2009 2011 Udział gospodarstw domowych posiadających jakiekolwiek oszczędności 22,7% 27,7% 31,0% 36,1% Wskazywane formy gromadzenia oszczędności lokaty w bankach w złotych 66,1% 66,8% 70,4% 68,0% lokaty w bankach w walutach obcych 9,6% 6,6% 5,4% 4,0% Dorota Keywords: alokacji; bankowych; cel; diagnoza; domowe; domowych; form; gospodarstw; jak; jest; lokatach; nie; oraz; oszczędności; oszczędzania; pln; przez; się; społeczna; udział; wartość
• Quantitative Easing – idea, targets and results by Piotrowski, Dariusz; Piotrowska, Anna (2013) - Ta sytuacja może się jednak zmienić wraz z pojawieniem się pierwszych oznak ożywienia gospodarczego w Polsce, co jest prognozowane na drugą połowę 2013 r.  Literatura Borowski K. (2010), Zachowanie się stóp procentowych oraz indeksów giełdowych w okre- sie kryzysu, [w:] Instrumenty i regulacje bankowe w czasie kryzysu, J. Nowakowski (red.), Difin, Warszawa. i s ta bi liz ac yj ne j n ie ce lo - w e, w ah an ia p ro du kt u są p oż ąd an e i o pt y- m al ne , p re fe ro w an e re gu ły ni e w pł yw a na w ie lk oś ci r ea ln e, je dy ni e je j ok re so w e zm ia ny m og ą pr ow ad zi ć do n ie - w ie lk ic h „e fe kt ów p ły nn oś ci ” je st n eu tr al ny ra cj on al ne br ak ro zr óż ni en ia ho ry zo nt ów , h i- po te za o dw ro tn ej pr zy cz yn ow oś ci N ow a sz ko ła ke yn es ow sk a pr ow ad ze ni e po lit yk i st ab ili za cy jn ej uz a- sa dn io ne i st ni ej ąc ym i sz ty w no śc ia m i, tz w . Keywords: bank; banków; centralny; dolarów; fed; gospodarczego; gospodarki; jest; kryzys; lat; luzowania; mld; natomiast; nie; około; okresie; oraz; papierów; pieniądza; pieniężnej; podaży; polityki; poziomu; przez; rynku; się; stopy; tego; teorii; tym; warszawa; wzrost
• The comparison of net premium to gross premium volume of life insurance by Zgliczyńska, Wioleta (2013) - Przez dx rozumie się przeciętną liczbę zgonów w przedziale wieku od x do x+1, czyli (Śliwiński 2012: 62): �� � �� � ���� . Przez dx rozumie się przeciętną liczbę zgonów w przedziale wieku od x do x+1, czyli (Śliwiński 2012: 62): �� � �� � ���� . Keywords: jest; które; lat; netto; netto w; oznacza; prawdopodobieństwo; przez; równość �; się; się w; składek �; składki; stąd �; w ubezpieczeniach; w wieku; wieku x; wynosi �; zatem �; śliwiński; świadczeń �; życia; − �; � gdzie; � oraz; � wartość; � łatwo; � −; � �
• The evolution of segment reporting standards under IFRS and its determinants by Zimnicki, Tomasz (2013) - Tomasz Zimnicki166 Schemat 4. Informacje wymagane do ujawnienia przez IFRS8 149  których wyniki są regularnie przeglądane przez główny organ odpowiedzialny za podejmowanie decyzji operacyjnych w jednostce oraz stanowią podstawę alokacji Te obszary mogą zostać określone w oparciu o (IAS14R.13): ■ lokalizację aktywów – należy przez to rozumieć, że podczas dokony- wania podziału prowadzonej działalności ze względu na jej geograficz- ne rozczłonkowanie dokonuje się jej ze względu na położenie zakładów produkcyjnych lub punktów świadczenia usług; ■ lokalizację rynków i klientów – w tym przypadku należy kierować się geograficznym rozczłonkowaniem odbiorców towarów lub świadczo- nych usług, czyli rynków, które są przez daną jednostkę obsługiwane. Keywords: accounting; ang; działalności; finansowej; ias14r; informacji; jednostki; jest; które; lub; należy; nichols; oraz; pod; przez; przychody; rachunkowości; ramach; reporting; również; segmentach; segmenty; segmentów; segmentów działalności; się; sprawozdawczości; standard; street; tych; tym; ujawnianych; według; według segmentów
• Funding the development of micro enterprises in rural areas from PROW 2007–2013 – results by Żołądkiewicz, Agnieszka (2013) - Dofinansowanie rozwoju mikroprzeDsiębiorczości… 185 Walczak D., Żołądkiewicz A. (2012), Dotacje dla mikroprzedsiębiorstw na wsi w ramach 2007–2013, [w:] Uwarunkowania rynkowe rozwoju mikro, małych i średnich przedsię- biorstw – Mikrofirma 2012, Zeszyty Naukowe Uniwersytetu Szczecińskiego, Szcze- cin, s. 267–275. AgnieszkA Żołądkiewicz* Uniwersytet Mikołaja Kopernika w Toruniu dofinAnsowAnie rozwoju mikroprzedsiębiorczości nA terenAch wiejskich w rAmAch prow 2007–2013 – rezultAty Słowa kluczowe: finanse, mikroprzedsiębiorstwo, PROW 2007–2013. Keywords: arimr; działania; jest; miejsc; mikroprzedsiębiorczości; mikroprzedsiębiorstw; obszarów; pracy; prow; ramach; realizacji; rozwoju; rozwój; tworzenie; tym; tys; wiejskich; wsi
• For authors by the editor, From (2013) - są publikowane artyku- ły w języku polskim oraz w języku angielskim. Autorzy artykułów publikowanych w czasopiśmie „Copernican Journal of Finance & Accounting” nie otrzymują wynagrodzenia autorskiego. Keywords: jest; journal; oraz
• Money illusion – the essence, social and economic costs and ways of their reduction in the light of sustainable development concept by Huterski, Robert (2013) - Wywołują one dysharmonię między ładem gospodarczym i społecznym, co wzmaga negatywne skutki zaburzeń w ramach tych ładów dla ładu środo- wiskowego. Może też oddziaływać sam efekt większego nominału ( face value effect) albo różnica w łatwości podzielenia względem pomnożenia przy danych układach kursowych, rzutująca na prawidłowość przeliczania relacji jednostek waluty krajowej względem jednostek waluty obcej i w rezultacie na ostateczną decyzję o transakcji. Keywords: cen; czy; decyzji; dla; doi; economic; gdy; ich; illusion; iluzji; iluzji pieniądza; inflacji; informacji; jak; jako; jego; jest; które; lub; między; mogą; money; może; nie; niż; nominalnych; oraz; pieniądza; przez; przy; relacji; rozwoju; rynku; shafir; się; skutki; tego; tych; tyran; uczestników; zrównoważonego; zwłaszcza
• Funding sources in mobile payments systems by Kisiel, Michał (2013) - DOI: 10.12775/CJFA.2013.0162013, volume 2, issue 2 Michał Kisiel* Uniwersytet Ekonomiczny we Wrocławiu Wydział Nauk Ekonomicznych Katedra Finansów Modele systeMów płatności Mobilnych a źródła pieniądza oraz MechanizMy rozrachunKu transaKcji Słowa kluczowe: płatności, płatności mobilne, bankowość elektroniczna, instrumen- ty płatnicze. Istota i klasyfikacje płatności mobilnych Pojęcie płatności mobilnych definiowane jest zazwyczaj jako „płatności dokonywane przy użyciu urządzenia mobilnego” (Hayashi 2012, Borcuch 2007, Polasik 2009). Keywords: być; jest; karty; lub; mobile; mobilnego; mobilnych; model; mogą; może; nie; oparte; operatora; oraz; payments; pieniądza; podziału; przez; płatnicze; płatniczych; płatności; płatności mobilnych; rozrachunku; się; systemy; systemów; transakcji; zazwyczaj; źródła
• Role and tasks of payment integrators in the Polish e-commerce by Kunkowski, Janusz (2013) - Dostępność metod płatności w sklepach internetowych Wyniki badania uwidoczniły występowanie znaczących dysproporcji w zasięgu akceptowania po- szczególnych metod płatności przez sklepy internetowe. Rozwiąza- nie to pozwala na wysyłanie i otrzymywanie pilnych płatności w czasie rzeczywistym. Keywords: dla; handlu; integratorów; internetowe; internetowych; jest; które; kunkowski; metod; może; oraz; payu; pobraniem; polasik; polsce; polskim; przelewów; przez; przy; płatniczych; płatności; płatność; się; sklepy; sklepów; transakcji; udział; wykres; zamówień
• Polish Security Printing Works in the system of public and economic security by Lewandowski, Remigiusz (2013) - Grzemski J., Krześ A. (2010), Analiza pojęcia “przestępstwa godzące w podstawy eko- nomiczne państwa” w ustawie z dnia 24 maja 2002 r. o Agencji Bezpieczeństwa W literaturze przedmiotu wskazuje się, że państwa stosują odpo- wiednie rozwiązania (w tym instrumenty prawne) zapewniające utrzymanie produkcji dokumentów i banknotów w macierzystym kraju, z uwzględnieniem interesu państwowego (Girdwoyń 2007, 5). Keywords: banknotów; bezpieczeństwa; bezpieczeństwa państwa; dla; dnia; dokumentów; działalności; ekonomicznego; interes; jak; jako; jest; które; lub; narodowego; nie; oraz; papierów; państwa; podstawowego; podstawowy; polska; procesów; produkcji; przez; przypadku; publicznego; pwpw; również; security; się; także; tego; transakcji; tym; ustawy; wartościowych; wewnętrznego; wytwórnia; zakresie; zamówień; zatem; środków
• Impact of interchange fees rates on the Polish payment cards market by Maciejewski, Krzysztof (2013) - 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), co przedstawiono w tabeli 1. Tabela 1. Porównanie stawek opłat interchange w Polsce Keywords: agenta; agentów; akceptacji; akceptanta; bank; dla; europejskiej; interchange; jest; kart; latach; lub; nie; opłaty; oraz; podstawie; polsce; polskim; przez; płatniczych; płatności; rozliczeniowego; rozwoju; rynku; się; systemu; systemów; transakcji; unii
• Book-keeping in Mesopotamia in the Third and Second Millennium BC by Sojak, Sławomir (2013) - giri3 Kaamu, ogrodnik – 20 litrów kleiku mlecznego (ga-śe-a) i od ensiego (ki ensi2-ta) AS.3 rachunek rozliczeniowy Pada, kupca – w aktywach: ensi dostawcą części srebra AS.3.i rachunek rozliczeniowy Ur-Dumuzida, kupca: – w aktywach: ensi przekazuje (giri3) wełnę sprzedaną za srebro (1 mina) – w pasywach: 11 śekli srebra na signum ensiego AS.4 aktywa kupców: – ensi dostarczył 45 talentów wełny za 5 min srebra AS.4 rachunek rozliczeniowy Sagku, kupca: – w aktywach: ensi dostawcą całego srebra na aktywa = 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 i 20 ziaren srebra. Keywords: bala; bielicki; była; było; były; chr; czy; dla; ensi; ensiego; gur; ich; iii; jako; jego; jest; keeping; księgowość; księgowych; lub; magazynu; mezopotamii; można; nie; oraz; owce; pracy; przez; przy; rachunek; roku; się; srebra; stępień; sławomir; tabliczek; tabliczki; także; towarów; tym; według; wełny; więc; zapisy; zapisów; świątyni
• Expert auditors’ services classification by Wiśniewska, Jolanta (2013) - i inne usługi świad- czone na potrzeby i w związku z postę- powaniem sądowym (usługi pomocnicze w sprawach sądowych) – usługi pomocnicze w sprawach sądowych – występowanie w charakterze biegłego sądowego – wyliczanie szacunkowych kwot szkód lub odszkodowań albo innych kwot, które w wyniku sprawy sądowej lub innego sporu prawnego, mogą stać się należnościami lub zobowiązaniami – pomoc przy zarządzaniu dokumentami oraz ich wyszukiwaniu usługi prawne – usługi dotyczące działalności korporacyjnej i przejęć, a także pomoc dla wewnętrznych działów prawnych klientów – usługi prawne służące wspieraniu klienta w przeprowadzeniu transakcji usługi rekrutacyjne – sprawdzenie kwalifikacji zawodowych grupy – kandydatów oraz doradzanie w zakresie ich przydatności na dane stanowisko – odbywanie rozmów kwalifikacyjnych z kandydatami na określone stanowisko – udzielanie porad na temat kompetencji kandydata ubiegającego się o stanowisko w dziale rachunkowości finansowej, administracji lub kontroli usługi z zakresu finan- sów korporacyjnych – pomoc w projektowaniu strategii przedsiębiorstwa – doradztwo z zakresu transakcji kupna lub sprzedaży – wsparcie w przeprowadzeniu transakcji mających na celu uzyskanie finansowania – doradztwo z zakresu restrukturyzacji działalności przedsiębiorstwa Keywords: art; badanie; biegłego; biegłych; czynności; finansowej; finansowych; informacji; jest; klasyfikacja; lub; międzynarodowych; oraz; przez; rachunkowości; rewidenta; rewizji; sprawozdań; standardów; usług; według; wykonywanych; zawód
• Recenzja książki Bankowość, pod red. nauk. M. Zaleskiej, Wydawnictwo C. H. Beck, Warszawa 2013 by Bolibok, Piotr (2013) - Rozdział trzeci zamyka, dokonane przez J. Koleśnika, omówienie filarów Nowej Umowy Kapitałowej: wymogów kapitałowych (w tym kapitału regula- cyjnego i współczynnika adekwatności kapitałowej), procesu analizy nadzor- czej oraz dyscypliny rynkowej. Niewątpliwą zaletą jest silne osadzenie tego fragmentu w praktyce bankowej oraz prezentacja no- woczesnych rozwiązań w zakresie platform bankowości transakcyjnej (s. 106), biometrycznych technologii uwierzytelniania (s. 106), usług zarządzania płyn- nością (s. 112–113) Keywords: bankowego; bankowości; bankowych; banku; banków; dla; finansowego; funkcjonowania; jak; jego; jest; klientów; metod; nauk; oraz; portfelem; przez; publikacji; rozdział; ryzyka; się; stabilności; systemu; tego; tym; usług; współczesnej; zagadnienia; zarządzania
• Dla Autorów by ., . (2013) - 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. Na podstawie uzyskanych ocen Redakcja podejmuje decyzję o odrzuceniu, przyjęciu albo odesłaniu publikacji do Autora w celu naniesienia poprawek. Keywords: artykułu; autorów; czasopisma; jest; journal; lub; nie; przez; publikacji

• Analysis and evaluation of capital adequacy in Latvian banking system by Konovalova, Natalia; Dalecka, Snezhana (2016) - 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: banking; banks; basel; capital; capital adequacy; group; iii; latvian; risk
• THE IMPACT OF THE 2007–2009 FINANCIAL CRISIS ON RISK MANAGEMENT IN CREDIT INSTITUTIONS by Boda, Michał (2017) - 2 basic mod- els can be extracted (Iwanicz-Drozdowska, 2012, p. 247): �������� � ������ �������������������∗���������������������������������� ∗ 100% (5) ���������� � � ������������������������������������������������� ∗ 100% (6) 2 basic mod- els can be extracted (Iwanicz-Drozdowska, 2012, p. 247): �������� � ������ �������������������∗���������������������������������� ∗ 100% (5) ���������� � � ������������������������������������������������� ∗ 100% (6) Keywords: business; capital; credit; institutions; models; risk; rorac; ∗ �; � ∗; � �
• THE JOINT EFFECT OF BORROWER TARGETED MACROPRUDENTIAL INSTRUMENTS AND CAPITAL REGULATIONS ON PROCYCLICALITY OF LOAN-LOSS PROVISIONS by Olszak, Małgorzata; Roszkowska, Sylwia; Kowalska, Iwona (2019) - This regression reads as follows LLP��� � �� � ��LLP����� � �� LLP����� � �� ������������ � ��� ����� � ��� ��������� � �� ���������� ������� � �� ������������ ������� � ��������� � ��� ������� � ������� � ��� ������� � ��������� � ������� � �� � ���� (Eq. 2) This regression reads as follows LLP��� � �� � ��LLP����� � �� LLP����� � �� ������������ � ��� ����� � ��� ��������� � �� ���������� ������� � �� ������������ ������� � ��������� � ��� ������� � ������� � ��� ������� � ��������� � ������� � �� � ���� (Eq. 2) Keywords: banks; borrower; capital; gdpg; instruments; llp �; loan; loss; median; olszak; policy; procyclicality; regulations; � �
• THE EFFECT OF SOCIAL CAPITAL ON OPERATIONAL PERFORMANCE: RESEARCH IN BANKING SECTOR IN ERBIL by Hamad, Ahmed Abdulqader; Tuzlukaya, Şule; Kırkbeşoğlu, Erdem (2019) - 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, flexibility performance and innovation performance) based operational performance measures. Keywords: banks; capital; cognitive; development; dimensions; effect; erbil; journal; management; organization; performance; study; table
• CAPITAL STRUCTURE AS DETERMINANT OF FINANCIAL PERFORMANCE: REVIEW OF LITERATURE by Desai, Jay; Desai, Rajesh (2020) - http://dx.doi. 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: capital; capital structure; debt; firm; impact; journal; performance; ratio; research; structure
• Introduction by Dziawgo, Leszek (2014) - 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? Keywords: capital
• MODERATING EFFECT OF FIRM SIZE ON CAPITAL STRUCTURE DETERMINANTS: EVIDENCE FROM INDIAN FOOD PROCESSING INDUSTRY by Desai, Rajesh; Desai, Jay (2021) - 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. 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: capital; debt; determinants; et al; firms; size; structure; study; tax; term; total; variables
• USE OF CAMEL RATING FRAMEWORK: A COMPARATIVE PERFORMANCE ANALYSIS OF SELECTED COMMERCIAL BANKS IN INDIA by Kulshrestha, Preeti; Srivastava, Anubha (2022) - Results shown that private sector banks are better performers compare to Public sector bank. In India, public sector banks are encountering challenges from private sector banks and are under constant pressure to perform better. Keywords: avg; bank; banking; camel; capital; financial; india; performance; public; rank; ratio; sector
• RECAPITALIZATION AND ITS IMPACT ON BANK’S STABILITY, COMPETITIVENESS AND PROFITABILITY: EVIDENCE FROM INDIAN PSBs by Karthigeyan, A.; Mariappan, V.; Mani, R. (2022) - 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: bank; capital; capital infusion; india; infusion; model; recapitalization; stability; study
• Corporate Governance and Capital Structure by Zahid, Rehan (2025) - In previous literature, limited evidence is available to determine the asso- ciation between board structure and capital structure. Corporate board and capital structure dynamics in Nigerian listed firms. Keywords: board; capital; capital structure; debt; decisions; directors; firm; governance; journal; research; size; structure
• The importance of prudential regulations in the process of transmitting monetary policy to economy by Redo, Magdalena (2015) - 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: bank; basel; capital; channel; credit; economic; loans; policy; prudential; regulations; risk

• RISKY RISK MEASURES: A NOTE ON UNDERESTIMATING FINANCIAL RISK UNDER THE NORMAL ASSUMPTION by Goodfellow, Christiane; Salm, Christian (2017) - Since the bivariate cumulative distribution function is estimated: ��(�, �) = 1 �� (�� � �, �� � �) � �=1 we also estimate the copula with (��1, ��1),� , (���, ���) ��(�, �) = 1 �� (��� � �, ��� � �) � �=1 with (�, �) ∈ More formally, lower (upper) tail dependence refers to the probability that one portfolio component assumes very small (high) values we also estimate the copula with ��(�, �) = 1 �� (�� � �, �� � �) � �=1 we also estimate the copula with (��1, ��1),� , (���, ���) ��(�, �) = 1 �� (��� � �, ��� � �) � �=1 with (�, �) ∈ Keywords: coefficient �; covariance �; distribution; function �; parameter �; portfolio; risk; × �; � =; � ≤; � �
• IMPLEMENTATION OF ALTERNATIVE INDEX WEIGHTING TO WARSAW STOCK EXCHANGE by Nowak, Kamil (2017) - 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; cap; index; portfolio; return; risk; stocks; weighting; wig20; � �
• A RISK MANAGEMENT SYSTEM IN INSURANCE UNDERTAKING by Dzięcioł, Paweł (2017) - The course of the research process Apart from duty of running risk management system in insurer, therefore the legislator requires rules of risk management, internal control and audit, as well as outsourcing in black and white, referred to Article 46 (1) of Act. 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. Keywords: act; insurance; management; risk; risk management; solvency; system; undertakings
• THE ROLE OF THE AMOUNT OF MONEY IN RISK-TAKING by Nagy, Viktor (2017) - Expected value is often used in probability theory to determine the optimal choice. 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. Keywords: alternative; case; money; probabilities; probability; question; risk
• Selected aspects of due diligence of sovereigns by Hyżyk, Sebastian (2013) - SebaStian Hyżyk* European Investment Bank, Luxembourg selected aspects of due diligence of sovereigns** Key words: due diligence, public debt, sovereign credit rating. Selected aSpectS of due diligence of SovereignS 67 1. Keywords: assessment; country; credit; currency; debt; diligence; factors; government; rating; risk; score; sovereigns; strength
• DETERMINANTS OF THE PROFITABILITY OF COMMERCIAL BANKS IN ETHIOPIA by Shifa, Muktar Abdela; Debela, Kenenisa Lemmi; Tarfa, Endalew Gutu (2020) - http://dx.doi. 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: asset; banking; banks; business; determinants; ethiopia; gdp; income; profitability; risk; study
• DETERMINATION OF THE BENEFITS AND RISKS OF PEER-TO-PEER (P2P) LENDING: A SOCIAL NETWORK TEORY APPROACH by Purkayastha, Nadia Nahar; Tuzlukaya, Şule Erdem (2021) - P2P lending platforms always focus on democratizing the borrowers rather than discriminating them on their so- cial or financial status (Herzenstein, Andrews, Dholakia & Lyandres, 2008). Scholars identified social networks are the key to formulate mutual trust, reciprocity, and to override any negative financial consideration for the lenders to participate in P2P lending platforms (Saeidi, 2020; Gonzalez, 2019). Keywords: borrowers; information; lenders; lending; networks; online; p2p; p2p lending; peer; peer lending; platforms; risk; social
• RISK PROFILING OF SECONDARY EQUITY INVESTORS FROM THE CHENNAI CITY OF INDIA BASED ON THE BIG FIVE PERSONALITY MODEL by Renu Isidore; C. Joe Arun (2022) - 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: agreeableness; conscientiousness; equity; experience; income; investment; investors; journal; low; personality; risk; table
• BOARD GENDER DIVERSITY, FIRM PERFORMANCE AND FIRM RISK: A LITERATURE SURVEY by Singh, Geeta; Dwesar, Rishi (2022) - http://dx.doi. 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: board; board gender; directors; firm; gender diversity; impact; journal; performance; relation; risk; women
• The Role of Female Leadership in Times of Financial Crisis – an Analysis During the COVID-19 Pandemic by Sinha, Tanja (2024) - First, as this is the most common risk indicator when talking about stock prices, the volatility in terms of standard deviation will be calculated, using: 𝜎𝜎� � � � ��� ∙ ∑ �𝑟𝑟�,� � 𝜇𝜇������� (3) First, as this is the most common risk indicator when talking about stock prices, the volatility in terms of standard deviation will be calculated, using: 𝜎𝜎� � � � ��� ∙ ∑ �𝑟𝑟�,� � 𝜇𝜇������� (3) Keywords: risk; � ∙; � �; � 𝑉𝑉; � 𝛼𝛼; 𝐹𝐹𝐹𝐹𝐹𝐹 �; 𝑀𝑀𝑀𝑀 �; 𝑁𝑁 �; 𝑆𝑆𝑉𝑉 �; 𝑉𝑉𝑉𝑉𝑉𝑉 �; 𝑝𝑝 �; 𝑟𝑟 �; 𝜎𝜎 �
• Impact Investing from an European Perspective – Do Good and Earn Money? by Reuthlinger, Eva; Sinha, Tanja (2025) - The findings show that impact portfolios yield the highest returns, without sacrificing financial performance when integrating sustainability criteria that go beyond the clas- sical ESG investing. ; impact portfolios were constructed from the MSCI ACWI Sustainable Impact Index, containing companies whose core business addresses global social or environmental chal- lenges and promotes the SDGs (MSCI, 2024a). Keywords: conventional; diversification; esg; eur; impact; impact investing; impact portfolio; investing; investments; markowitz; naive; performance; portfolio; returns; risk
• Regulatory Technology (Reg Tech) as an enhancement of compliance processes in financial institutions by Dziawgo, Tomasz (2025) - Among research questions are: What are the current advantages and risks of adopting Reg Tech solutions in financial institutions? In this context, Reg Tech solutions have gained recognition as innovative tools to transform how compliance is managed, leveraging latest technologies to help organizations meet regulato- ry obligations more efficiently and effectively. Keywords: banking; compliance; data; industry; institutions; reg; reg tech; regulators; reporting; risk; solutions; stability; sup; tech; technology
• Imbalanced Liquidity Risk Management: Evidence from Latvian and Lithuanian Commercial Banks by Konovalova, Natalia; Zarembo, Julia (2015) - 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 influence 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: assets; banks; lats; latvian; liquidity; liquidity risk; resources; risk; term; term assets; term resources
• Credit risk measures – a case of renewable energy companies by Sá e Silva, Eduardo; Pereira, Adalmiro Andrade (2015) - 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. http://dx.doi.org/10.12775/ CJFA.2015.010 EDUARDO SÁ E SILVA* Polytechnic Institute of Porto ADALMIRO ANDRADE PEREIRA** Polytechnic Institute of Porto CREDIT RISK MEASURES – A CASE OF RENEWABLE ENERGY COMPANIES Keywords: credit risk, rating, banking, renewable energies. Keywords: approach; bank; case; credit; default; irb; model; risk
• Risk in providing accounting services in the context of new regulations regarding liability insurance (OC) in Poland by Świetla, Katarzyna (2015) - 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: accounting; accounting services; customer; documents; entities; insurance; liability; risk; services
• 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) by Sitorus, Tigor (2015) - 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. Banks are exposed to credit risk due to the nature of their lending-based business while the bank’s debt and capital ratio is highly leveraged. Keywords: assets; bank; credit; credit default; default; effect; exposure; loan; loan exposure; model; research; risk; study

• FINANCIAL INNOVATION, RISK MANAGEMENT, AND BANK PERFORMANCE by Zouari, Ghazi; Abdelmalek, Imen (2020) - At the detailed level, the im- pact of risk management on bank performance shows a positive relationship between financial risk management and bank performance. Similarly, Chen and Peng (2019) ar- gue that financial innovation increase banks’ liquidity risk. Keywords: bank; bank performance; effect; fininn; innovation; performance; relationship; risk management; � �; � 𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹𝐹; � 𝑍𝑍; � 𝛼; 𝑃𝑃 �; 𝑅𝑅𝑅𝑅 �; 𝛿𝛿 �; 𝜀𝜀 �
• BOARD DILIGENCE AND FINANCIAL PERFORMANCE: EVIDENCE FROM NIGERIAN DEPOSIT MONEY BANKS by Sanyaolu, Wasiu Abiodun; Adejumo, Babatunde Titus; Kadiri, Idris (2021) - 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: board; board meetings; diligence; effect; journal; loan; meetings; nigerian; performance; profitability; ratio; study
• BOARD ETHNICITY AND SUSTAINABILITY REPORTING by Osayantin Aifuwa, Hope; Kamaldeen Usman, Muhammed; Lawal Subair, Muhammed; Temidayo Philip, Gideon; Hussien, Kerimu (2022) - 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: banks; board; directors; ethnicity; members; nigeria; performance; reporting; study; sustainability; sustainability reporting; yoruba
• DOES MUTUAL FUND MANAGER’S ATTRIBUTES IMPACT FUND PERFORMANCE? EVIDENCE FROM INDIA by Bhattacharjee, Kaushik; Yadav, Neetu; Singh, Geeta (2022) - Given the above arguments, many researchers have tried to figure out whether some mutual fund managers are better than others by studying the relationship between fund performance and fund manager’s personal charac- 1  Similarly, the Q- code 3 represents fund manager is a Bachelor of Technology (B.Tech), and Master of Business Administration. Keywords: attributes; characteristics; experience; fund; fund managers; fund performance; managers; mba; performance; qualification; scheme; table
• DOES BOARD STRUCTURE AND OWNERSHIP STRUCTURE INFLUENCE THE PERFORMANCE OF LISTED COMPANIES: EVIDENCE FROM PHARMACEUTICALS AND CHEMICAL INDUSTRY OF BANGLADESH? by Chakraborty, Brishti (2023) - Corporate boards and firm performance: a meta-analytic approach to examine the impact of contextual factors. Thus, the goal of this research is to examine the influence of corporate board structure, Ownership struc- ture, and corporate control on a firm’s performance in the pharmaceutical and chemical industry of Bangladesh. Keywords: board; board structure; committee; firm; governance; journal; ownership; performance; significant; size; structure; study
• The Impact of Corporate Governance (CG) on Firm Performance: Evidence from Emerging Countries Banking Industry by Bansal, Atul; Prasad Samontaray, Durga; Kumar, Rahul (2024) - Corporate Governance and bank performance: A study of selected banks in GCC region. Naushad and Malik (2015) carried a study on GCC countries banks and commenced that the smaller the size of BoD the better the FP. Keywords: banks; bod; governance; performance; relationship; roa; study; variables
• Board Characteristics, Asset Quality and Financial Performance of Deposit Money Bank by Quadri, Yusuf Olamilekan; Omotosho, Ifedolapo Oluwasolape; Saheed, Daud Omotosho; Adio, Babatunde Abdullah (2024) - Thus, the study also suggests that deposit money bank boards of directors be restructured in accordance with the corporate governance code and members of these boards should have diverse skills and experience to improve the finan- cial performance of these institutions. Board characteristics and bank performance in India. Keywords: asset; banks; board; characteristics; deposit; journal; money; nigeria; performance; quality; study
• Short-term Persistence Performance of Equity Mutual Fund Returns: Evidence from India by Veeravel, V. (2024) - 𝑅𝑅�� � 𝑅𝑅�� � 𝑎𝑎� � 𝛽𝛽��𝑅𝑅�� � 𝑅𝑅��� � 𝑒𝑒�� �1� where 𝑅𝑅�� represents the returns of the individual fund t; 𝑅𝑅�� refers to the market return; 𝑅𝑅�� presents risk-free returns; 𝑎𝑎� refers to Jensen’s alpha; and 𝛽𝛽� is the sensitivity coefficient of systematic risk; 𝑒𝑒�� is an error term. 𝑅𝑅�� � 𝑅𝑅�� � 𝑎𝑎� � 𝛽𝛽��𝑅𝑅�� � 𝑅𝑅��� � 𝑒𝑒�� �1� where 𝑅𝑅�� represents the returns of the individual fund t; 𝑅𝑅�� refers to the market return; 𝑅𝑅�� presents risk-free returns; 𝑎𝑎� refers to Jensen’s alpha; and 𝛽𝛽� is the sensitivity coefficient of systematic risk; 𝑒𝑒�� is an error term. Keywords: equity; factor; funds; performance; � �; 𝐿𝐿𝑆𝑆𝐿𝐿 �; 𝑅𝑅 �; 𝑆𝑆𝑆𝑆𝑆𝑆 �; 𝑊𝑊𝑆𝑆𝐿𝐿 �; 𝑎𝑎 �; 𝑒𝑒 �
• Board Independence and Earnings Stability: A Non-linear Perspective from Indian Companies by Potharla, Srikanth; Kolpula, Suman (2024) - board independence and earnings stability: a non-linear perspective from indian companies Keywords: corporate governance, board independence, stability of earnings, non-line- ar approach, Indian companies. Abstract: This research examines the relationship between board independence and earnings stability in Indian companies. Keywords: board; board independence; earnings; earnings stability; firm; independence; journal; performance; stability; study
• Governance and Organizational Performance in the Era of Local and Regional Authorities in Sub-Saharan Africa: the Case of Cameroonian Municipalities by Nya, Magloire Tchatchoua; Kemgni, Georgette Moyum; Djeudja, Rovier; Tzegouo, Marie Alvisse; Messie, Thierry (2024) - Theoretical approach to the influence of the personal characteristics Theoretical approach to the influence of the personal characteristics of communal actors and that of non-conventional regulation mechanisms of communal actors and that of non-conventional regulation mechanisms on the OP of the LRAson the OP of the LRAs Prud’homme (1995) and Bardhan (2002) consider that, because of the increase in the number of public decision-making units in a system of local governance in a context of decentralisation, local government officials can easily form priv- ileged relationships with local interest groups and will then be more exposed to pressure from the latter, which would lead to an increase in acts of trans- gression of the principles laid down. Article 14(1) of the Charter, which stipulates the principles of “transparency, accountability and ethical behaviour”, calls on governments and all those involved in local governance to put in place tools and mechanisms to make public action at local level more transparent. Keywords: cameroon; communes; data; governance; level; lra; mechanisms; performance; results; transparency; variables; � �

• Foreign currency housing loans and exchange rates – risk evaluation by Buszko, Michał (2013) - -40,0% -30,0% -20,0% -10,0% 0,0% 10,0% 2006-01-02 2006-07-02 2007-01-02 2007-07-02 2008-01-02 2008-07-02 EUR CHF Ź r ó d ł o : opracowanie własne na podstawie średnich kursów walutowych NBP. 65,76 195,1 11,64 217,8 22,82 267,5 19,18 318,8 Udział kredytów walut w kredytach mieszk. Keywords: 1,000000; banków; euro; franka; kredyty; kredytów; kursu; kursów; mieszkaniowe; mieszkaniowych; mld; obcych; okresie; oraz; podstawie; polsce; raport; rynku; ryzyka; się; sytuacji; udział; walut; walutach; walutowe; walutowych; wartości; wartość; zmiany; zmienności
• Swiss franc mortgage loans – a threat or source of benefits to borrowers? by Buszko, Michał (2013) - W praktyce sytuacja taka zaistniała na początku 2009 r. oraz w szczególności w całym 2012 r. 8,2 10,0 0,4 Wartość portfela kredytów w CHF (mld zł) b.d. b.d. b.d. Keywords: 2013; banków; chf; dla; finansowania; franku; kredytobiorców; kredytowania; kredyty; kredytów; kursu; letnich; mieszkaniowe; mieszkaniowych; okresie; opracowanie; oraz; pln; przypadku; punktu; rata; rynku; rys; ryzyko; się; spłaty; stosunku; tym; tytułu; walucie; walutowe; walutowych; wartości; wartość; widzenia

• LEGAL REGULATION OF TOURISM BUSINESS IN GEORGIA by Lekashvili, Eka; Dodashvili, Veko (2017) - 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. Under the Law of Georgia on Tourism and Resorts, the term “tourism” is defined as “free, voluntary, temporary movement of people from their place of residence - law, it is defined as “services rendered by an entity engaged in tourism activ- ity including accommodations, catering, tour operations, transportation, excur- sions, recovery, rehabilitation, advertising, informational, cultural, sports, do- mestic, entertainment, etc. services for satisfying tourist requirements”. Keywords: business; development; georgia; regulation; tax; tourism; travel
• Catholic social teaching, sustainable development and social solidarism in the context of social security by Adamiak, Stanisław; Walczak, Damian (2014) - Catholic social teaching, social solidarism and sustainable growth refer both to obliging the state to help people who are facing a situation of unsatisfied basic needs Stanisław Adamiak, Damian Walczak10 (do not allow the possibility of leaving the individual alone – the procurement method) and to indicating everyone the necessity of self-protection that reaches above the mini- mum guaranteed by the state (the insurance method). Social solidarism is stipulated by the Constitution of the Republic of Poland, according to which all are obliged to ‘preserve the inherent human dignity, the right to liberty and obligation of solidarity with others’ (from the Preamble), CatholiC soCial teaChing, sustainable development… 13 and the social market economy is based on economic freedom, private owner- ship, and solidarism, dialogue and cooperation between social partners forms the basis of the political system (Article 20). Keywords: catholic; community; development; individual; method; security; solidarism; teaching; vol; walczak
• Application of statistical methods in the diagnosis of environmental conditions of development of Lower Silesian voivodship in years 2006–2012 by Kopyściański, Tomasz; Rólczyński, Tomasz (2014) - Gaseous pollutants per county area (tons/year) destimulant S o u r c e : own study based. It is especially evi- dent in terms of such characteristics as mixed waste collected in one year per capita (tones), electricity consumption per capita, total sewage disposal per 1000 inhabitants, particulate pollutants per county area and gaseous pollu- tants (tons/ year) per county area. Keywords: 0,67; 0,69; 0,71; conditions; counties; county; development; method; powiat; research; terms; years
• Object-based costing as an important tool for the economic analysis of sustainable development by Raulinajtys-Grzybek, Monika; Świderska, Gertruda Krystyna (2014) - 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.   Additionally, the use of standard values for assigning resource costs to activities causes that the model can successfully be used to calculate the planned costs of resources, activities and final objects as well as to estimate the demand for resources and activities reported by de- fined health services. Keywords: accounting; activities; costing; costs; development; information; management; object; resources
• ROLE OF MICROFINANCE INSTITUTIONS IN FINANCING MICRO AND SMALL ENTERPRISES IN ETHIOPIA by Oshora, Betgilu; Fekete-Farkas, Maria; Zeman, Zoltan (2021) - Moreover, the paper aims to address: ■ The status of MSEs finance gap and the role of MFIs in filling the existing gap; ■ The challenges of MSEs in accessing micro credit from MFIs; ■ The contribution of MSEs to the country’s inclusive economic growth particularly in unemployment reduction. Limited access to finance is a key barrier to economic growth, limiting start-up capital and busi- ness expansion. Keywords: access; bank; credit; development; economic; ethiopia; growth; job; microfinance; mses; poor; role; � �
• LOCAL CURRENCIES SUPPORTING THE IMPLEMENTATION OF THE CONCEPT OF SUSTAINABLE DEVELOPMENT IN EUROPE by Patrycja Konieczna (2022) - The essence of local currencies Local currencies are not transferred outside the region in which they oper- ate, they feed the local market alone acting as a catalyst for the local entre- preneurship through supporting local enterprises and integrating the com- munity in a given area (Maroszek, 2015). http:// dx.doi.org/10.12775/CJFA.2021.015 patrycJa konieczna* Wroclaw University of Economics and Business local currencies supporting the iMpleMentation of the concept of sustainable developMent in europe Keywords: financial market, money, local currencies, sustainable development. Keywords: concept; currencies; currency; development; energy; implementation; money; social; support; system; wir
• KAZAKHSTAN AND ITS INVESTMENT DEVELOPMENT PATH by Zhubikenov, Adil (2022) - 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: countries; development; development path; dunning; fdi; investment; investment development; kazakhstan; net; path
• Foreign Financial Flows on Financial Efficiency in Sub-Sahara African Countries by Ibrahim, Rahji Ohize; Nageri, Kamaldeen Ibrahem (2024) - 𝑙𝑙𝑙𝑙�𝐹𝐹𝐹𝐹��,� � 𝜃𝜃�� � 𝜃𝜃��𝑙𝑙�,� � ��,� (4) 𝑙𝑙𝑙𝑙�𝐹𝐹𝐹𝐹��,� � 𝜃𝜃�� � 𝜃𝜃��𝑙𝑙�,� � ��,� (4) Keywords: countries; development; efficiency; fdi; growth; inflows; investment; percent; remittance; study; � �; � 𝐹𝐹𝐹𝐹; � 𝐹𝐹𝐺𝐺𝐹𝐹; � 𝑅𝑅𝑅𝑅𝑅𝑅; � 𝜃𝜃; 𝐹𝐹𝑅𝑅 �; 𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺𝐺 �
• Sustainable Development in Norway on the example of Government Pension Fund Global by Fiedorczuk, Julita (2015) - The Fund is a resilient executor and promot- er of sustainable development concept. In the ranking of the World Economic Forum in 2005 in terms of sustainable development index Norway took second place (Angel 2013, 22). Keywords: concept; development; fund; global; government; norway; pension; state; world

• ROBUSTNESS OF THE BANK RESOLUTION FRAMEWORK IN THE EUROPEAN UNION by Pys, Jan (2017) - * Contact information: jan.pys.edu@gmail.com, Cracow University of Economics, JAN PYS* Cracow University of Economics ROBUSTNESS OF THE BANK RESOLUTION FRAMEWORK IN THE EUROPEAN UNION Keywords: bank, financial crises, resolution, liquidation, financial aspects of economic integration. This article is an attempt to demonstrate that the new European resolution framework contains provisions and tools that may limit the use of public funds in resolution of fa- iling banks. Keywords: authorities; bank; border; crisis; european; framework; resolution
• 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 by Zabawa, Justyna (2018) - 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: accounting; analysis; bank; banking; gri; information; institutions; reporting; reports; s.a; sector; standard
• CROSS-SELLING AND UP-SELLING IN A BANK by Kwiatkowska, Julia (2019) - The basic principle of cross-selling is the fact that an additional product or service is offered only when the customer has already purchased the basic product, but the purchase transaction has not yet been completed. The pur- poses of using cross-selling are (Paradecki, 2008, p. 343): ■ increasing turnover while fixed costs are constant, ■ increasing customer loyalty, ■ reducing the clients' fluctuation, ■ building a relationship with the client, ■ optimal use of distribution channels, ■ reducing uncertainty and risk. Keywords: bank; cross; cross selling; customers; products; selling; use
• INNOVATION IN FINANCIAL SERVICES: THE CASE OF BANGLADESH by Huda, S. S. M. Sadrul; Kabir, MD. Humayun; Popy, Nurun Naher; Saha, Sunny (2020) - 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. Moreover, the study focus on a comparative picture, which gives us a clear understanding of the situation of financial services innovation be- tween Bangladesh and other countries. Keywords: account; agent; bangladesh; bank; banking; cash; customers; financial; innovation; internet; mfs; payment; products; services; world
• THE IMPACT OF MOBILE FINANCIAL SERVICES ON THE USAGE DIMENSION OF FINANCIAL INCLUSION: AN EMPIRICAL STUDY FROM BANGLADESH by Md Ali Ashraf (2022) - This is where mobile financial services come into considera- tion. Hence, one of the objectives of this pa- per is to investigate whether a particular dimension of MFS, namely the num- ber of agents that provide mobile financial services, can affect the number of users of such services – as indicated by the number of registered MFS users in Bangladesh. Keywords: agents; bangladesh; bank; inclusion; mfs; mobile; number; services; time; users
• Financial Inclusion Towards Financial Stability in Ghana: Insights from Quantile Regression Analysis by Narh, Philomina Maku; Dzitse, Collins Dodzi (2025) - Copernican Journal of Finance & Accounting, 14(1), 47– 69. http://dx.doi.org/10.12775/CJFA.2025.003 PHiloMina MaKu narH* University of Cape Coast collins dodzi dzitse** Renmin University of China FINANCIAL INCLUSION TOWARDS FINANCIAL STABILITY IN GHANA: INSIGHTS FROM QUANTILE REGRESSION ANALYSIS Keywords: financial inclusion, financial stability, cointegration quantile regression, Ghana. However, while financial inclusion is often linked to economic re- silience and stability, as it can broaden access to financial services and reduce vulner- ability, its direct, quantifiable impact, particularly at different quantile levels, remains largely untested in the sub-Saharan African context. Keywords: analysis; ardl; bank; financial; ghana; hypothesis; inclusion; quantile; regression; relationship; stability; statistic; table; variables; � �; 𝐹𝐹𝐹𝐹 �
• Comparative analysis of the bail-in tool by Kerlin, Jakub; Maksymiuk, Anna (2015) - What is important is that it allowed for continuity of critical functions of financial institutions as well as shifting part of the recapitalization costs to bank creditors. Abstract: The article aims to analyse selected components of one of the tools of orderly restructuring and liquidation of financial institutions, namely the conversion of equity or debt write-down tool (bail-in). Keywords: analysis; bail; bank; creditors; financial; haircut; institutions; resolution; tool

• RESPONSIBILITY ACCOUNTING INSPIRATION FOR SEGMENT REPORTING by Zimnicki, Tomasz (2017) - 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; centres; company; costs; information; management; reporting; responsibility; responsibility centres; segment
• AN ANALYSIS OF BROKERAGE RECOMMENDATIONS FOR THE BIGGEST COMPANIES OF WIG20 by Drewniak, Zbigniew (2017) - An Analysis of Brokerage Recommendations for the Biggest Companies ZBIGNIEW DREWNIAK* AN ANALYSIS OF BROKERAGE RECOMMENDATIONS FOR THE BIGGEST COMPANIES OF WIG20 Keywords: recommendations, capital market, brokerage house. If, through valuation, the value of a com- pany’s stocks is set at the level V, then recommendations should be issued in ac- cordance with the following algorithm: (1) (2) where: c AN ANALYSIS OF BROKERAGE RECOMMENDATIONS… A recommending person should base the valuation on at least two methods. Keywords: analysis; brokerage; company; number; period; price; rate; recommendations; return
• NON-FINANCIAL INFORMATION AND INTEGRATED REPORTING IN THE HOSPITALITY INDUSTRY: CASE STUDY OF CROATIA by Peršić, Milena; Halmi, Lahorka (2018) - 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. 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). Keywords: accounting; business; company; croatian; gri; hospitality; information; principles; quality; reporting; sustainability; valamar
• USING ACCOUNTING INFORMATION FOR STRATEGIC DECISION-MAKING IN A MULTI-SEGMENTED COMPANY by Mihaylova, Lyudmila; Papazov, Emil (2018) - 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; business; company; information; management; operating; reporting
• THE INITIAL COIN OFFERING – CHALLENGES AND OPPORTUNITIES by Wiśniewska, Anna (2018) - 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: bitcoin; coin; company; currency; ethereum; ico; offering; procedure; tokens
• MODEL OF PSYCHOLOGICAL MICRO FOUNDATIONS OF CSR IN CZECH BREWERY by Simona Činčalová; Veronika Toporová (2022) - Hejjas et al. (2019) present another two reasons for the individual level of analysis of employee CSR engagement. The limited number of individual-level studies already identified the key predictors and mediators of employee CSR engagement, as described in the previous chapter. Keywords: codes; company; csr; determinants; employee; employee csr; engagement; figure; respondents; study

• CORPORATE SOCIAL RESPONSIBILITY IN JAPANESE BANKING SECTOR by Murawski, Tomasz (2017) - Next it will present the comparison of the Japanese and world main growth in- dicators and the numbers of CSR reports. 5-14):  The Ministry of Economy, Trade and Industry – he is as CSR leader and is responsible for internal control, compliance with regulations and risk management, improvement of corporate competitiveness, human resources and corporate brands, and mostly for the pro- motion of CSR,  The Cabinet Office created Report by the Study Group on Social Responsibility for a Safe and Comfortable. Keywords: banking; banks; csr; financial; group; japan; japanese; mufg; reporting; responsibility; sector; world
• LOCALITY AND THE TRANSFER OF FUNDS IN THE COOPERATIVE BANKING SECTOR IN POLAND by Golec, Maria Magdalena (2018) - http://dx.doi.org/10.12775/ CJFA.2017.014 MarIa Magdalena golec* WSB University in Poznan localIty and the transfer of funds In the cooperatIve bankIng sector In poland Keywords: locality, net lenders, cooperative banks. Abstract: One of the most important features of cooperative banks is locality which means concentrating financial activity on a specific area. Keywords: activity; banks; cooperative; deposits; financial; funds; locality; ratio; sector
• CSR IN AMERICAN BANKING SECTOR by Murawski, Tomasz (2018) - The research methodology and the course of the research process The purpose of this article is to present an approach to the topic of corporate social responsibility by top US banks. It combines the involvement of bank employees as part of volun- teering, cooperation with NGOs and the foundation that coordinates some of the initiatives (U.S. Bankcorp, 2016, pp. Keywords: activities; banking; banks; csr; fargo; federal; financial; reserve; sector; system; u.s; wells
• MOBILE FINANCIAL SERVICES IN THE CONTEXT OF BANGLADESH by Kabir, Md. Humayun; Huda, S. S. M. Sadrul; Faruq, Omar (2021) - It is found from the aforementioned analysis that Bangladesh Bank has provided the approval to 28 banks for running mobile banking services as on December 2014; out of 28 banks, 19 banks have already launched mobile financial services in December 2014. http://dx.doi.org/10.12775/ CJFA.2020.013 Md. 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. Keywords: bangladesh; banking; banks; cash; december; financial; mfs; mobile; money; payment; services
• EMPIRICAL EVIDENCE OF THE SUITABILITY OF IFRS FOR BANKING SECTOR IN SUB-SAHARAN AFRICAN COUNTRIES by Tiruneh, Dawit Tadesse (2021) - In such manner an aggregate of 30 surveys were conveyed to banks financial supervisors, scholastics and external auditors who have rich informa- tion and involvement with IFRS execution in financial sector in Ethiopia. To this end, the examination caught those scholastics, external audi- tors and banks’ financial directors who have rich information and involvement with IFRS execution in financial sector in Ethiopia. Keywords: accounting; banking; banks; ethiopia; ifrs; information; reporting; respondents; sector; table
• BANKING SHORT- AND LONG-TERM STABILITY: A COMPARATIVE STUDY BETWEEN ISLAMIC AND CONVENTIONAL BANKS IN GCC COUNTRIES by Rihab Ben Slimen; Fethi Belhaj; Manel Hadriche (2022) - 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. http://dx.doi.org/10.12775/CJFA.2021.019 rihab ben sliMen* Manar University, Tunisia fethi belhaJ** Manouba University, Tunisia Manel hadriche*** Manar University, Tunisia banking short- and long-terM stability: a coMparative study between islaMic and conventional banks in gcc countries Keywords: Islamic finance, Islamic banks, conventional banks, financial stability, Z -score, LADR ratio. Keywords: banking; banks; islamic; model; ratio; results; score; stability; term
• BANKING EFFICIENCY: A COMPARATIVE STUDY BETWEEN ISLAMIC AND CONVENTIONAL BANKS IN GCC COUNTRIES by Ben Slimen, Rihab; Belhaj, Fethi; Hadriche, Manel; Ghroubi, Mohamed (2022) - 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; banking; banks; cost; efficiency; islamic; � bankit; � �; � 𝑙𝑙𝑙𝑙; 𝑙𝑙 �; 𝑣𝑣 �
• USERS’ ENGAGEMENT IN BANKING ACTIVITIES ON SOCIAL MEDIA: A STUDY WITH REFERENCE TO FACEBOOK by Mani, R.; Thiyagarajan, S.; Azhaguraja, N.; Janakiraman, S. (2022) - This clearly defines the quality and the kind of posts public sector banks posts. 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. Keywords: banks; days; difference; engagement; facebook; media; posts; sector; sector banks; users
• BOARD MEETING AND SUSTAINABILITY REPORTING OF BANKS IN NIGERIA by Ojuolape Gold, Nusirat; Osayantin Aifuwa, Hope (2022) - Their study used a sample of 24 empirical studies to clari- fy the relationship between the number of board meeting with ESG disclosure that number of board meetings does not affect the ESG Voluntary disclosure. 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. Keywords: aifuwa; banks; board; board meeting; disclosure; firms; governance; meeting; nigeria; reporting; study; sustainability; sustainability reporting
• Accounting Controls and Quality of Financial Reporting by Olumoh, Yusuf Alabi (2025) - The results of the study reveal that both detective and corrective controls have a significant posi- tive effect on the financial reporting quality of MFBs in the area, while preventive con- trols do not exhibit a significant impact on financial reporting quality at a 5% level of significance. Improving these controls is crucial for enhancing financial reporting quality and transparency nationwide. Keywords: accounting; accounting controls; banks; controls; detective; impact; institutions; journal; management; microfinance; nigeria; quality; reporting; reporting quality; research
• Monitoring Activities and Non Performing Loans of Financial Institutions in Nigeria by Ilelaboye, Charles Segun; Alade, Muyiwa Ezekiel (2025) - Audit Quality and Non-Performing LoansAudit Quality and Non-Performing Loans Various studies have shown convergent and divergent views on how audit qual- ity, through the use of Big 4 audit firms affects non-performing loans of finan- cial institutions. Monitoring Activities and Non-Performing Loans of Financial Institutions in Nigeria. Keywords: audit; audit quality; banks; board; effect; financial; independence; institutions; loans; monitoring; nigeria; npls; quality

• THE UNIQUE OPPORTUNITIES OF ACCOUNTING TO PROMOTE TRANSPARENCY OF ECONOMIC PROCESSES by Slyozko, Tetyana; Kurilo, Lyudmila; Mazina, Oleksandra (2019) - Others authors are exploring study the question about the role accounting information has in economy, for example, papers: by Brandas, Megan and Didraga (2015), Marius, Denisa and Florina (2012), Trigo, Belfo and Estebanez (2016), Chapman and Kihn (2009), Papazov and Mihaylova (2015); some authors see a close relationship between the information which Accounting provides and requirements as to its institutions and individual us- ers, for instance Navarro-Garcіa and Madrid-Guijarro (2016); Banociova and Pavlikova (2014). All of these factors allow accoun- ting to provide transparent accounting information to any users and institutions. Keywords: accounting; economy; financial; information; institutions; management; reporting; rules; ukraine
• THE CHARACTERISTICS OF TOP MANAGMENT AND FIRM’S EARNINGS MANAGEMENT: THE EVIDENCE FORM THAILAND by Khunkaew, Rojana; Qingxiang, Yang (2019) - AB_CFO the abnormal cash flows from operations that is measured as (−1)*the residual from following regression: ������ ������� � ��� � �� �� ������⁄ ) � ����� ������)⁄ � ���� �� ������⁄ ) � ��� CFO is cash flows from operation; S is annual sales; A is total assets. AB_CFO the abnormal cash flows from operations that is measured as (−1)*the residual from following regression: ������ ������� � ��� � �� �� ������⁄ ) � ����� ������)⁄ � ���� �� ������⁄ ) � ��� CFO is cash flows from operation; S is annual sales; A is total assets. Keywords: + �; accruals �; characteristics; earnings; earnings management; management; qingxiang60 �; tenure; tmt; year; ⁄ �; ⁄⁄⁄ �; � cfo; � disx; � ⁄; � ⁄⁄⁄; � �
• BOARD CHARACTERISTICS AND THE LIKELIHOOD OF FINANCIAL STATEMENT FRAUD by Subair, Muhammed Lawal; Salman, Ramat Titlayo; Abolarin, Ayodeji Fatai; Abdullahi, Abdulrasheed Taiwo; Othman, Akeem Sisofa (2020) - 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: accounting; board; characteristics; firms; fraud; independence; journal; likelihood; management; research; statement; statement fraud; study
• THE PERSPECTIVE OF CORPORATE GOVERNANCE ON THE INTERACTIONS OF INTERNAL AUDIT WITH MANAGMENT AND ITS IMPACT ON THE INTERNAL - EXTERNAL AUDIT LINKAGES by Tiruneh, Dawit Tadesse (2021) - http://dx.doi.org/10.12775/CJFA.2021.011 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. Factor… the PersPective of corPorAte governAnce… 65 Factor Variables Cronbach’s Alpha KMO Factor Lodgings Management’s support Senior management supports internal audit’s personnel(Employing skillful internal audit staff, developing career paths for internal audit staff, and providing organizational independence for internal audit works) 0.929 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: audit; audit linkages; auditors; effectiveness; governance; interactions; level; linkages; management; table; work
• CANADIAN GOVERNMENT ACCOUNTING: A SYSTEMATIC REVIEW by Nasreen, Taslima; Baker, Ron (2022) - 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. To the best of our knowledge, T. Nasreen, R. Baker7272 no systematic review has been done in Canadian government accounting. Keywords: accounting; analysis; articles; baker; canada; canadian; government; government accounting; management; practices; public; rennie; reporting; research; review; sector; study
• Does Tax Aggressiveness Lead to More Earnings Management: the Case of Tunisian Firms by Ben Hassoun, Amira; Hadrich, Manel (2024) - This is the most prevalent model in earnings management studies. This is the most prevalent model in earnings management studies. Keywords: accounting; aggressiveness; avoidance; earnings; earnings management; firms; journal; management; quality; size; tax; △ �; � △; � �
• Tax Planning, Corporate Tax Avoidance and Real Earnings Management: GMM Approach in Nigeria by Shittu, Saheed Akande; Alagbe, Emmanuel Abiodun; Jimoh, Olushola Rasheed (2024) - http://dx.doi.org/10.12775/CJFA.2023.022 saHeed aKande sHittu* Federal Polytechnic Ayede emmanuel abiodun alagbe** LAUTECH, Ogbomoso olusHola rasHeed jimoH*** The Polytechnic Ibadan tax planning, corporate tax avoidance and real earnings management: gmm approacH in nigeria Keywords: tax planning, corporate tax avoidance, listed non-financial firms, real earn- ings management, Nigeria, GMM. Abstract: The study examines the effect of tax planning and corporate tax avoidance on Real Earnings Management (REM) in Nigeria. Keywords: accounting; cta; earnings; earnings management; effect; firms; journal; management; nigeria; rem; shittu; study; tax; tax avoidance; tax planning

• The importance of shadow banking sector entities for population affected by credit exclusion by Solarz, Małgorzata (2013) - Anderloni L. (2008), Financial services provision and prevention of financial exclusion, European Commission, http://ec.europa.eu/social/main.jsp?langId=en&catId=22 (27.09.2013). 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: banking; credit; entities; exclusion; financial; institutions; loan; population; sector; services; shadow; shadow banking; system
• CO-EVOLUTIONARY DYNAMICS OF FINANCIAL INCLUSION OF GENERATION Z IN A SUB-SAHARAN DIGITAL FINANCIAL ECOSYSTEM by Kangwa, Diana; Mwale, Joseph Thokozani; Shaikh, Junaid M. (2021) - Co-evolutionary dynamics of digital financial inclusion of Generation Z Co-evolutionary Dynamics of Financial Inclusion of Generation Z In pursuit of the second objective of the research, causal loop analysis was used to visually quantify the co-evolutionary dynamics of financial inclusion of Generation Z within a digital financial ecosystem. The paper has demon- strated that digital financial inclusion occurs within a continuum of co-evolu- tionary dynamics in which the financial institutions build consumer demand for digital financial services based on the participatory accountability and fi- nancial capability of the clientele. Keywords: business; demand; digital; dynamics; ecosystem; financial; generation; inclusion; model; research; services; study; variables
• Board Expertise, Female Gender Representation and Corporate Financial Misconduct in Nigeria: A Mediating Effect Analysis by Otuya, Sunday (2025) - Against this backdrop, we propose the following hypothesis: H3: Board female representation mediates the effect of board expertise on corporate financial misconduct. http://dx.doi.org/10.12775/CJFA.2024.014 sunday otuya* Edwin Clark University boaRd eXpeRtise, female gendeR RepResentation and coRpoRate financial misconduct in nigeRia: a mediating effect analysis Keywords: board expertise, female representation, financial misconduct, liquidity. Keywords: accounting; board; board expertise; effect; expertise; financial; firm; fraud; gender; journal; misconduct; representation; research; variable

• Accountancy-Based Sources of Information for Planning Purposes in SMEs by Papazov, Emil; Mihaylova, Lyudmila (2016) - 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; actuality; data; information; liabilities; planning; quality; smes; sources
• THE USEFULNESS OF FINANCIAL REPORTING FOR FINANCIAL INSTRUMENTS IN THE DECISION-MAKING PROCESSES OF INDIVIDUAL INVESTORS by Pawłowski, Jarosław (2019) - (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; data; figure; group; information; instruments; investors; reporting; statement; usefulness
• THE IMPACT OF ICT ON TAXATION: EVIDENCE FROM OYO STATE by Adegbite, Tajudeen Adejare; Bojuwon, Mustapha; Adegbite, Adenike Foluke (2020) - 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: administration; collection; disagree; government; ict; impact; information; nigeria; oyo; oyo state; revenue; state; tax; taxation; taxpayers
• FOR A NEW METHOD OF CALCULATING THE DISCLOSURE INDEX by Baazaoui, Hedi (2020) - The influence 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; disclosure; disclosure index; ias; ifrs; index; information; method; sample; standards; study
• Auditor Choice and Peer Firms Similarity: the Case of Tunisian Firms by Ben Hassoun, Amira (2024) - Extending the analysis, we examine factors that should enhance or decrease the association between peer firms similarity and sharing auditor in an emerg- ing economy. This study aims to investigate the as- sociation between peer firms similarity and the likelihood of sharing auditor. Keywords: accounting; auditor; choice; client; firms; industry; information; peer; product; research; sample; similarity
• The evaluation of the students in Dumlupinar University Vocational School of Social sciences about levels of financial literacy by Çelikkol, Mediha Mine; Çelikkol, Hakan (2015) - H2: There is a statistically significant difference between the program that they take education variable and financial literacy level. The evaluation of the students in dumlupinar university… 45 Literature review Financial literacy today is an important element of financial stability and de- velopment, and a global key success factor. Keywords: difference; education; information; level; literacy; money; people; research; school; students; study; table; university

• 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? by Tadesse, Tekilu; Melaku, Tesfaye (2019) - 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) 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) availability of data for each of the variable included in the model for the entire time horizon while its sufficiency is taken into consideration as well. Keywords: analysis; ardl; equation; ethiopia; gdp; growth; model; policies; policy; rate; run; test; variables; ≠ �; � ≠; � �
• “Board independence” and compensation structure of directors by Merino, Elena; Manzaneque, Montserrat; Priego, Alba Maria (2013) - The   4 1k itX are independent variables representative of board charac- teristics, where k= board ownership (OWNDIRit), duality of the chairman of the board and the CEO (CEODUAit), proportion of external board members (OUTSIDit), board size (BRDSIZit);   4 1m itCV are control variables, where m= corporate size (CRPSIZEit), industry dummies (INDUSTRYit), return on assets (ROAit) and stock return (STOCKRETit); and εit is the idiosyncratic error. The   4 1k itX are independent variables representative of board charac- teristics, where k= board ownership (OWNDIRit), duality of the chairman of the board and the CEO (CEODUAit), proportion of external board members (OUTSIDit), board size (BRDSIZit);   4 1m itCV are control variables, where m= corporate size (CRPSIZEit), industry dummies (INDUSTRYit), return on assets (ROAit) and stock return (STOCKRETit); and εit is the idiosyncratic error. Keywords: board; characteristics; compensation; control; directors; effect; et al; fees; governance; independence; manzaneque; members; model; remuneration; size; stock; variable
• FACTORS AFFECTING THE ADOPTION OF FINTECH: A STUDY BASED ON THE FINANCIAL INSTITUTIONS IN BANGLADESH by Khatun, Nasima; Tamanna, Marzia (2021) - Chakraborti (2019) revealed that the use of Fintech technology emergently increasing day by day as the country’s mobile subscription density is very high. We picked social influence as one of the vital factors to analyze whether Fintech adoption of the related organizations influences behavior intention to Fintech users. Keywords: adoption; age; factors; fintech; influence; intention; model; moderating; spss; technology; use; users
• NFC, Wearables and QR Code in POS Payments: Determinants of Adoption of the Leading Mobile Payment Technologies in Europe by Borowski-Beszta, Mikołaj; Polasik, Michał; Meler, Andrzej; Borowska-Beszta, Anna (2025) - The study examined NFC mobile payments, wearables payments, and QR code payments, to determine the potential for development in the European mar- ket. This work analyz- es two main categories of mobile payments: NFC mobile payments (made using smartphones and wearable devices) and mobile payments with QR codes. Keywords: beszta; borowski; code; contactless; mobile; model; nfc; payments; polasik; research; technology; use; variables; wearables
• Forecasting the Jordanian stock index: modelling asymmetric volatility and distribution effects within a GARCH framework by Al-Hajieh, Heitham; AlNemer, Hashem; Rodgers, Timothy; Niklewski, Jacek (2015) - The specification for the conditional variance is: ��� ��� � � � [� � ����]��[� � ����]������� [3] where ����� � ����� ���� ������ � ��[|��| � �|��|]����������� ��������� ������ The log specification implies that the asymmetric effect is exponential, rather than quadratic, and that forecasts of the conditional variance that are generated are non- negative. The specification for the conditional variance is: ��� ��� � � � [� � ����]��[� � ����]������� [3] where ����� � ����� ���� ������ � ��[|��| � �|��|]����������� ��������� ������ The log specification implies that the asymmetric effect is exponential, rather than quadratic, and that forecasts of the conditional variance that are generated are non- negative. Keywords: distribution; garch; model; student; t t; volatility; | �; � |; � �
• Evaluation of ATM Cash Demand Process Factors Applied for Forecasting with CI Models by Žylius, Gediminas (2015) - Where ���� ��� is defined as kernel function and � is model weight vector. Where ���� ��� is defined as kernel function and � is model weight vector. Keywords: atm; cash; cash flow; flow; forecasting; function; layer; model; number; training; year; | �; � |; � �

• IMPACT OF MICROFINANCE INSTITUTIONS ON FINANCIAL LITERACY IN NORTH CENTRAL GEO-POLITICAL ZONE NIGERIA by Ajibola, Ibrahim Majeed; Saheed, Daud Omotosho; Adedoyin, Lukman (2021) - http://dx.doi.org/10.12775/CJFA.2020.019 IbrahIm majeed ajIbola* Kwara State University daud omotosho saheed** Kwara State University lukman adedoyIn*** Federal Polytechnic Offa Impact of mIcrofInance InstItutIons on fInancIal lIteracy In north central geo-polItIcal zone nIgerIa Keywords: financial literacy, saving mobilization, e-banking, financial decisions. This work examines the Ibrahim Majeed Ajibola, Daud Omotosho Saheed, Lukman Adedoyin10 impact of Microfinance Institutions on financial Literacy in North Central Geo-Political Zone Nigeria. Keywords: banking; dwellers; institutions; literacy; microfinance; microfinance institutions; nigeria; north; study; zone

• A LITERATURE SURVEY AND BIBLIOMETRIC ANALYSIS OF THE IMPACT OF CONTROLLING SHAREHOLDERS ON DIVIDEND POLICY by Geeta Singh; Kaushik Bhattacharjee; Srikanth Potharla (2023) - 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: analysis; articles; authors; dividend; dividend policy; family; firm; ownership; policy; relation; shareholders
• Determinants of Audit Fees among Insurance Firms in Nigeria by Gureje, Goodnews Kolawole; Okpala, Okwy Peter; Oboh, Collins Sankay (2025) - The study also concluded that client firm size, complexity, and profitability of an insurance firm do not significantly influence the fees charged by audit firms as audit fees. The results suggest that audit firm size is a significant determinant of audit fees, as client firm size, complexity, and profitability did not significantly im- pact audit fees. Keywords: audit; audit fees; client; complexity; determinants; firm; insurance; nigeria; profitability; size; study; variables

• THE DETERMINANTS OF THE LEVEL OF FINANCIAL LITERACY IN TURKEY by Düzakın, Hatice; Yılmaz, Süreyya (2021) - 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: education; effect; family; income; individuals; knowledge; level; literacy; literacy level; study; turkey; university
• Differential Effect of Advertising Frequency on Sales Turnover and Ads to Sales Ratio by Collins C Ngwakwe (2024) - Advertising expenses features prominently as a vital element of operat- ing expenses in the accountant’s financial accounts and in some management accounting analysis (Mun & Jan, 2018; Enache & Srivastava, 2018; Matsuoka, 2020). However, accounting research seldom dwells on advertising expenses and the attendant ramifications on sales revenue. Keywords: ads; advertising; amazon; effect; expenses; marketing; paper; ratio; sales; sales ratio; table
• Human motivation and corporate governance by Tampu, Diana Larisa (2015) - 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. 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: effect; error; governance; mediation; mediator; model �; motivation; test; variable; � c; � �

• IMPACT OF COVID-19 ON PERFORMANCE ON INDIAN STOCK INDICES: A STUDY FOR NSE COMPOSITE AND SECTORAL INDICES by Nisarg A. Joshi (2023) - 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. In this context, there are recent and relevant studies which had studied the effect of COVID-19 on performance of stock indices, volatility, stability of stock indices etc., which were supported by other empirical studies. Keywords: covid-19; december; indices; july; lockdown; nifty; period; returns; stock; � �; � 𝐶𝐶𝐶𝐶𝐶𝐶𝐶𝐶𝑆𝑆

• HIGHER EDUCATION FUNDING: COMPARATIVE ANALYSIS OF PORTUGAL AND POLAND PUBLIC SYSTEMS by Dziawgo, Danuta; Féria, Isidro; Saúde, Sandra (2017) - Yes Yes Implementation of formula funding unit cost model for teaching Funding formula on the national level Funding formula on the national level Distinction between teaching and re- search Component for research = 10% No distinction Criteria used in the teaching formula Number of students and degrees Number of students and degrees Distinction between full-time and part-time students Only full-time students are weighted No differentiation Planning of student numbers Estimation based on the develop- ments in the past years (+ 2% previous year) Estimation based on the develop- ments in the past years Price model versus distribution model Distribution model Distribution model Unit costs per student place in 2011 (euro) Differ between fields of study Differ between fields of study Criteria of allocation considering field of study and level Weightings (or coefficients) are used as an indirect form of government control over education areas. X X Adaptable to Econo- mic Conditions The funding formula should have the capacity to apply in a variety of economic situations, such as when the state demand for higher education is increasing, stable or decreasing. Keywords: analysis; education; factor; formula; funding; heis; institutions; number; research; students; studies; time
• OPPORTUNITIES FOR INCREASING THE EXPORT OF LATVIA TO UE COUNTRIES by Pancenko, Erika; Ivanova, Tatyana (2021) - 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: analysis; countries; country; export; export potential; goods; groups; index; latvia; potential; study; trade
• CIRCULAR ECONOMY AND ENVIRONMENTAL BEHAVIOUR: A SYSTEMATIC LITERATURE REVIEW by Sánchez-Cubo, Francisco; Vargas-Vargas, Manuel; Mondéjar-Jiménez, José; Lasso-Dela-Vega, Elena (2022) - http://dx.doi.org/10.12775/CJFA.2022.010 francisco sánchez-cubo* University of Castilla-La Mancha manuel varGas-varGas** University of Castilla-La Mancha josé mondéjar-jiménez*** University of Castilla-La Mancha elena lasso-dela-veGa**** University of Málaga circular economY and environmental behaviour: a sYstematic literature review F. Sánchez-Cubo, M. Vargas-Vargas, J. Mondéjar-Jiménez, E. Lasso-Dela-Vega100100 Keywords: bibliometric analysis, behaviours, circular economy, environment, green economy. That is why this work aims to be the meeting point for the main ideas and experiences so far, combin- ing the most recent studies with those most relevant from the beginning of the studies on circular economy. Keywords: analysis; articles; behaviour; data; economy; figure; green; journal; mondéjar; periods; production; research; study; vargas
• Lobbying on the IASB Standards: An analysis of the Lobbyists’ Behaviour over Period 2006–2014 by Procházka, David (2015) - Number of comments letters: descriptive statistics Major projects 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. Keywords: accounting; analysis; comment; iasb; letters; lobbying; projects; standards

• AN EVALUATION OF THE EFFECT OF TAXATION POLICY ON INFLATION IN NIGERIA by Adegbite, Tajudeen Adejare (2019) - Transforming equation (1) to the natural logarithm it changed to �������� � � ��� �� +��1������ � ��� +��2������ � ��� +��3�������� � ��� +��4��������� � ��� + μ4 (2) Basic VECM is ��� �� ������ + ∑ ������ +∈���� ��� (3) where y is a (K x 1) vector of I(1) variables, and  are (Kx r) parameter matrices with rank r < K, 1,.,.., p-1 are (K x K) matrices of parameters, and t is a (K x1) vector of normally distributed errors that is serially uncorrelated but has contemporaneous covariance matrix. Transforming equation (1) to the natural logarithm it changed to �������� � � ��� �� +��1������ � ��� +��2������ � ��� +��3�������� � ��� +��4��������� � ��� + μ4 (2) Basic VECM is ��� �� ������ + ∑ ������ +∈���� ��� (3) where y is a (K x 1) vector of I(1) variables, and  are (Kx r) parameter matrices with rank r < K, 1,.,.., p-1 are (K x K) matrices of parameters, and t is a (K x1) vector of normally distributed errors that is serially uncorrelated but has contemporaneous covariance matrix. Keywords: + �; granger; inflation; m1 �; nigeria; taxation; vat; ∈ �;  �; � +; � �
• Demand Side Factors and Financial Inclusion: The Mediating Role of Financial Self-efficacy by Babatunde, Abdullahi Adio (2024) - All of these factors can significantly shape financial self- efficacy and, consequently, impact financial inclusion as reported by Oke and Adamson (2023), Yangdol and Sarma (2019), Jappelli and Padula (2013), San- dEmand sidE faCtors and finanCial inClusion… 3131 ni, Oke and Alayande (2020), Orazi, Martinez and Vigier (2023) and Mose and Thomi (2021). These studies have investigated whether subjective norms ex- ert a direct or indirect impact on financial inclusion, and findings have varied dEmand sidE faCtors and finanCial inClusion… 3333 across different contexts. Keywords: attitude; demand; efficacy; experience; factors; inclusion; journal; msmes; nigeria; norms; research; self; study

• EFFICACY OF AUDIT FEE ON AUDIT QAULITY OF SELECTED PHARMACEUTICAL FIRMS IN NIGERIA by Saheed, Daud Omotosho; Ajibola, Ibrahim Majeed; Adedoyin, Lukman (2021) - Copernican Journal of Finance & Accounting, 10(1), 53–66. 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. The result from the finding shows that all the adopted surrogates for the independent va- riable were jointly significant in explaining about 72% variation in audit quality given credence to the coefficient of (R2) which stood at 0.72 as well as the combined p-value of 0.000. Keywords: audit; audit fee; audit quality; auditor; fee; firms; pharmaceutical; quality; report; study; variables
• Does Blockholders’ Concentration Influence Spending on Corporate Social Responsibility? – Evidence from the Indian Firms by Potharla, Srikanth (2024) - Specifically, the influence of external blockholders on CSR spending is greater than that of promoters. This study addresses this gap by investigating the specific attributes of external blockholders, such as investment size, coalition strength, and con- testability, and their impact on CSR spending. Keywords: blockholders; concentration; csr; csr spending; firms; impact; influence; ownership; spending; study
• Do Foreign Institutional Investors impact Compliance with CSR Expenditure Regulation? Evidence from India by Singh, Geeta (2025) - Using a sample of 1,423 listed firms, we employ OLS and Logit regression models to establish that an increase in the FIIs reduces the extent of non-compliance with mandatory CSR expenditure and the likelihood of such non- compliance. It is a continuous variable, measured as the difference of mandatory CSR expenditure and actual CSR expenditure as N_CSR. Keywords: compliance; csr; csr expenditure; expenditure; fiis; firms; investors; non; variable
• Bridging Disclosure Gaps: The Role of Institutional Investors in Contingent Liabilities Reporting by Indian Listed Companies by Potharla, Srikanth (2025) - The analysis focuses on firms reporting contingent liabilities and having institutional investor ownership data available. Drawing on agency, stakeholder, and resource dependence theories, this research analyzes how institutional investors reduce infor- mation asymmetry and enhance corporate transparency. Keywords: cld; contingent; disclosure; firms; investors; liabilities; ownership; stakeholder; transparency

• EXAMINATION OF ETHICAL AND PROFESSIONAL CONDUCT OF LEBANESE EXTERNAL AUDITORS by Abrach, Dalia; Feghali, Khalil (2023) - The results reveal that because of an economic dependance on their clients, Lebanese external auditors dem- onstrate an inability to remain independent. This study http://dx.doi.org/10.12775/CJFA.2023.001 http://dx.doi.org/10.12775/CJFA.2023.001 Dalia Abrach, Khalil Feghali1010 adds to the sparse literature found in developing countries that highlight the behavior of Lebanese external auditors with respect to professional conduct, which has always been considered sensitive and complex. Keywords: accounting; auditing; auditors; code; compliance; conduct; ethics; independence; lebanese; opinion; quality; table

• The Structural Analysis Of Construction Sector Of Turkey And Its Effect On The Selected Macroeconomic Indicators by Çoban, Orhan; Üstündaĝ, Emıne; Çoban, Ayşe (2015) - 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: construction; construction sector; demand; economy; employment; growth; increase; linkages; production; sector; total

• The impact of a Higher Education Institution on Socioeconomic Development – the Study Case of the Polytechnic Institute of Beja, Portugal by Saúde, Sandra; Borralho, Carlos; Féria, Isidro; Lopes, Sandra (2014) - This paper aims to reflect 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: education; euros; hei; impact; institute; ipbeja; municipality; polytechnic; portugal; sandra; students; university

• Scope and assessment of the insurance for members of voluntary fire brigades provided by local government by Kuligowska, Angelika (2016) - 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; brigades; damage; fire; government; insurance; members; rescue; scope; vfb
• INVESTMENT PLATFORMS EVOLUTIONS – ETF FUNDS by Kraiński, Karol (2017) - The purpose of this article is to present the first ETF inve- stment platform in Poland. 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; etf; funds; insurance; investment; platform; pln
• A THEORETICAL ANALYSIS OF THE NEW POLISH INCOME TAX SYSTEM by Urszula Król (2023) - Those choices are particularly interesting due to the fact that most probably a large part of entrepreneurs changed their chosen taxing rules from income-based tax rules (progressive tax and flat tax) to reve- nue-based tax rules. It does not change the calculations on progressive tax and flat tax. Keywords: health; income; insurance; pln; revenue; tax

• A Solution To Eradicate Jobless Growth: Meritocracy by Bahçe, Abdullah Burhan; Gümüş, Öner (2015) - 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. In terms of jobless growth, from 2008 to 2009 while growth rate increases, the employment rate will be almost fixed, meaning that jobless growth problem occurred in Japan. Keywords: economic; economy; employment; growth; labor; level; meritocracy; rate; system; workers

• Evaluation of relationship between banks lending activities and the economies in Baltic countries by Lakštutienė, Aušrinė; Barkauskaitė, Aida (2016) - 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; countries; gdp; growth; lending; loans; non; � �
• CONVERGENCE OF HEALTH EXPENDITURE IN EU 12 AND V4 STATES by Kułyk, Piotr; Augustowski, Łukasz (2017) - 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: care; convergence; countries; expenditure; health; spending

• FINANCIAL CONSEQUENCES OF CYBER ATTACKS LEADING TO DATA BREACHES IN HEALTHCARE SECTOR by Meisner, Marta (2018) - http://dx.doi.org/10.12775/ CJFA.2017.017 Marta MeIsner* Nicolaus Copernicus University in Torun fInancIal consequences of cyber attacks leadIng to data breaches In healthcare sector Keywords: cybersecurity, data breach, healthcare. Healthcare sector vulnerabilities to cyber threats leading to data breach Reports and analysis indicate that within healthcare sector data breaches are, beyond ransomware, the greatest threat, which (apart from names, birth dates, finanCial ConsEquEnCEs of CyBEr attaCks lEading… 65 contacts) involve the most sensitive personal data – medical information (Se- curityScorecard, 2016, p. 2; Romanosky, 2016, p. 122; Lloyd’s, 2017, p. 15). Keywords: breach; costs; cyber; cybersecurity; data; healthcare; pln; usd
• THE SOCIAL BACKGROUND OF BREXIT by Ahmed, Ahmed L.M. (2019) - 0 3 12 13 24 17 32 45 62 29 19 13 20 60 45 32 18 36 27 26 19 2 10 12 11 1 0 10 20 30 40 50 60 70 1979 1984 1989 1994 1999 2004 2009 2014 UKIP Labour Conservative Liberal Democrate 11 % 12 % 11 % 06 % 10 % 06 % 25 % 00 % 07 % 04 % 02 % 02 % 01 % 00 % 00 % 0 0 0 0 0 07 % 00 % 02 % 07 % 05 % 05 % 10 % 06 % 02 % 07 % 13 % 05 % 23 % 16 % 07 % 00 % 0 0 0 0 0 04 % 00 % 0 0 0 0 0 09 % 00 % 0 0 0 0 01 5% 01 5% 00 % 0 01 % 07 % 16 % 07 % 28 % 0% 5% 10% 15% 20% 25% 30% 1 9 8 4 1 9 8 9 1 9 9 4 1 9 9 9 2 0 0 4 2 0 0 9 2 0 1 4 Front National (FR) Die Republikaner (DE) Alan Sked, the UKIP founder who resigned the leadership in 1997, opposed the idea of entering the European Parliament elections, wanting the party to concentrate on the UK Parliament instead of having seats in the Eu- ropean Parliament, describing it as a “gravy train”. Keywords: brexit; britain; british; data; eec; european; figure; identity; parliament; party; referendum; union

• SUSTAINABILITY, CONSUMPTION, AND TECHNOLOGY by Akan, Mustafa (2017) - Letting: / (1 ) 0 (1 ) / ( 1) 0 m 1 0 n 2 0 ((2 ) 1) / ( 1) 0 q (1 ) / ( 1) 0 s l p α γ θ γ γ µ θ θ γ γ α γ γ = − < = − − < = − < = − > = − − − < = − − − < In addition, for simplification, let: a = k/(θ-1) k c a nbT c dpc T c c bmT c dc qT − − − −− − = − − + − − = − − − + − − − (12) (13) For simplicity, we will rewrite these equations as: 1 2 3 4 ' ( ) ( ) (14) c'=C ( ) ( ) s s s s T C c c C T T c c C T T = − + − − + − (15) (14) (15) Where the capital Cs represents the terms multiplying (c-cs) and (T-Ts) where C1, C2, C4 are all negative. Keywords: consumption; economic; growth; level; technology; − −; − −=; −= −
• THE LEVEL OF SHADOW ECONOMY IN WARMIŃSKO-MAZURSKI AND KUJAWSKO-POMORSKI REGIONS by Buszko, Andrzej (2017) - 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: economic; economy; kujawsko; level; mazurski; pomorski; region; shadow; shadow economy; warmińsko

• PRINCIPLES OF SUPPORT FOR THE COMMON GOOD SERVICES CO-FINANCED FROM PUBLIC FINANCIAL MEANS by Kogut-Jaworska, Magdalena (2018) - 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: aid; european; good; government; interest; public; self; services; support; units

• BEHAVIORAL BIASES AND PORTFOLIO STRATEGIES: ANALYZING THE IMPACT ON INVESTOR DECISION MAKING IN THE NEPALESE STOCK MARKET by Nepal, Bidush; Gyawali, Mira (2023) - Copernican Journal of Finance & Ac- counting, 12(1), 83–102. http://dx.doi.org/10.12775/CJFA.2023.005 biDush nepal* MPhil Scholar, Kathmandu University School of Management mira gyawali** School of Management Tribhuvan University behavioral biases anD portfolio strategies: analyzing the impact on investor Decision maKing in the nepalese stocK marKet Keywords: behavioral biases, portfolio investors, portfolio strategies, decision making. The impact of behavioral biases on investor decisions in Kenya: Male VS Female. Keywords: aversion; biases; decision; experience; herding; investment; investors; loss; making; overconfidence; portfolio

• ESTIMATING HEDGING EFFECTIVENESS USING VARIANCE REDUCTION AND RISK-RETURN APPROACHES: EVIDENCE FROM NATIONAL STOCK EXCHANGE OF INDIA by Kaur, Mandeep; Gupta, Kapil (2020) - 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: Rs,t = α0 + β1Rf,t + εt. Keywords: cash; effectiveness; futures; hedge; hedge ratio; hedging; hedging effectiveness; portfolio; returns; variance

• REEXAMING THE ECONOMIC RECOVERY TAX ACT OF 1981: EVIDENCE FROM INNOVATIVE EFFICIENCY by Li, Zhaochu; Lytvynenko, Iryna P.; Philippoff, Karl S. (2021) - PAT_RD��������� = a firm’s innovative efficiency in year t PATt = a firm's total number of patents applied in year t and eventually granted RDm = R&D spending in year m Equation (1) shows the first measure of innovative efficiency. PAT_RD��������� = a firm’s innovative efficiency in year t PATt = a firm's total number of patents applied in year t and eventually granted RDm = R&D spending in year m Equation (1) shows the first measure of innovative efficiency. Keywords: efficiency; pat_rd �; r&d; tax; year; ∑ �; � =; � m; � t; � �; 𝐻𝐻𝐻𝐻𝐻𝐻𝐻𝐻𝐻𝐻𝐻𝐻 �
• The fiscal challenges of Polish integration with the euro area by Kasperowicz - Stępień, Alicja (2015) - 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: area; deficit; euro; expenditure; gdp; introduction; polish; rules; tax

• THE MACROECONOMIC DRIVERS OF HOUSEHOLD DEBT-TO-INCOME RATIO: AN EVIDENCE FROME THE OECD COUNTRIES by Bolibok, Piotr (2018) - The variables exhibiting a significant skewness of the distribution have been log-transformed, yielding the following regression model: �� ����� � �� + �� � ������ + �� � �������� + �� � ���� + �� � �� ���� + �� � ������������ + �� � �����+�� � ������+�� � ������� + �� � ����� + �� + ��� where: ‒ �� �����– natural log of the total household debt to net disposable income, ‒ ������ – natural log of the average annual wage (constant PPP), ‒ �� ������ – natural log of the rate of growth in real GDP per person (constant PPP), ‒ ���� – short-term interest rate, ‒ �� ���� – natural log of the unemployment rate, ‒ ������ – housing rent price index, ‒ ������������ – natural log of the share of population aged 25–39, ‒ ����� – the share of population aged 25–64 with tertiary education attainment, – the share of population aged 25–64 with tertiary education attain- ment, ‒ ‒ �� ����� – wage-productivity gap measured as the natural log of the relation of GDP per person employed to average annual wage, ‒ �� ��� – natural log of the Gini coefficient for net disposable income, ‒ ��� ��� � � �� – regression coefficients, ‒ �� – intercept, ‒ �� – unknown intercept for each country, ‒ � – country, ‒ � – year, ‒ ��� – error term. The variables exhibiting a significant skewness of the distribution have been log-transformed, yielding the following regression model: �� ����� � �� + �� � ������ + �� � �������� + �� � ���� + �� � �� ���� + �� � ������������ + �� � �����+�� � ������+�� � ������� + �� � ����� + �� + ��� where: ‒ �� �����– natural log of the total household debt to net disposable income, ‒ ������ – natural log of the average annual wage (constant PPP), ‒ �� ������ – natural log of the rate of growth in real GDP per person (constant PPP), ‒ ���� – short-term interest rate, ‒ �� ���� – natural log of the unemployment rate, ‒ ������ – housing rent price index, ‒ ������������ – natural log of the share of population aged 25–39, ‒ ����� – the share of population aged 25–64 with tertiary education attainment, where: ‒ particular, the evidence based on both broader international data and a wide set of exam- ined explanatory variables remains rather modest. Keywords: + �; debt; household; income; log; rate; � +; � estimate; � �
• FINANCIAL STABILITY OF LOCAL GOVERNMENT UNITS – LEGAL AND ECONOMIC APPROACH by Cilak, Małgorzata (2019) - 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: article; budget; debt; expenditure; government; income; operating; p.f.a; property; units

• THE TENDENCY OF HOUSEHOLDS TO INVEST IN AN ECOLOGICAL MODERNIZATION OF THE UTILIZED HEATING SOURCES by Chodziński, Maciej (2019) - Information about the analysed data N % 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: answers; elaboration; figure; furnace; heating; heating source; people; place; pln; question; respondents; source

• ASSESSMENT OF THE ENVIRONMENTAL POLLUTION DETERMINANTS IN THE ECONOMY SECTORS OF LITHUANIA by Miceikienė, Astrida; Rimkuvienė, Daiva; Gesevičienė, Kristina (2020) - 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; climate; emissions; environmental; ghg; ghg emissions; lithuania; pollution; research

• CRYPTO CURRENCY – A NEW CHALLENGE FOR THE ECONOMY OF GEORGIA by Lekashvili, Eka; Mamaladze, Lela (2019) - 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: bitcoin; crypto; currency; figure; georgia; research; world

• OPTIMAL CONTROL THEORETIC APPROACH TO INVESTMENT IN DOCTORS by Akan, Mustafa (2020) -              2( ) 2 ( ) or, =2 (D-T) D T D T       ' 2 '( ) 2 ' D T T     2 2 2 12 '( ) 2 ' ( ) 2 ( ) 2 ( ) ( ) ( )D T T d e c D T D T T F D T                  / 1( / )k              2( ) 2 ( ) or, =2 (D-T) D T D T       ' 2 '( ) 2 ' D T T     2 2 2 12 '( ) 2 ' ( ) 2 ( ) 2 ( ) ( ) ( )D T T d e c D T D T T F D T                  / 1( / )k Keywords: d t; doctors; equation; health; number; t t;  ;  ;  

• Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST by Erdoğan, Namık Kemal; Altınırmak, Serpil; Karamaşa, Çağlar (2016) - Comparison of multi criteria decision making (MCDM) methods with respect to performance of food firms listed in BIST. In other words VIKOR based on measure of closeness to ideal solution is multi criteria decision ranking index (Opricovic, Tzeng 2004). Keywords: alternative; criteria; decision; decision matrix; matrix; solution; xxxx; ;  ;  ;  ;  

• THE IMPACT OF TAXES ON INDIVIDUAL LONG-TERM SAVINGS DECISION by Dominik Tschinkl; Nathalie Weikert; Dirk Kiesewetter (2022) - Characteristics of treatments and payout structure Treat- ment type of taxation payment structure immediate payout saving NT No Tax 𝑍𝑍�� 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 + 𝑖𝑖𝑖 DT Taxation of immediate payout at tax rate 𝑠𝑠 𝑍𝑍�� = 𝑍𝑍�� 1 − 𝑠𝑠 𝑆𝑆�� = 𝑍𝑍�� ∙ (1 + 𝑖𝑖𝑖 ∙ (1 − 𝑠𝑠𝑖 = 𝑍𝑍�� 1 − 𝑠𝑠 ∙ (1 + 𝑖𝑖𝑖 ∙ (1 − 𝑠𝑠𝑖 = 𝑆𝑆�� Pa yo ut a fte r t ax at io 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�� Keywords: income tax; payout; savings; tax rate; tax 𝑍𝑍; taxation; treatments; � ∙; � �; 𝑆𝑆 �; 𝑍𝑍 �

• A dynamic model of a nonlife insurance company by Akan, Mustafa (2016) - G pA k T b                           (10) B a a B a r pAG M G k bM G                 '( ) ( ) ( ) G t a t G t  1 2 2 1 2 1 2' c ( ) (1 ( ) ) Keywords: equation; g t;  ;  ;  ;  

• Study of profitability of organization of tourism routes (on the example of Sheki-Zagatala Economic Region of Azerbaijan) by Karimov, Rovshan; Dargahov, Vugar (2015) - Due to this activity, based on corporative interests, tourism companies may gain additional income as well as agitate the Sheki-Zagatala as tourism region. As for the tourism routes in Sheki-Zagatala, first of all, it should be noted that there are some problems concerning the organization of local tours, faced by companies. Keywords: region; routes; sheki; tourism; tourists; tours; zagatala

• Introduction by Dziawgo, Leszek (2014) - 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: ethics

• Introduction by Dziawgo, Leszek (2015) - 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: solutions

• Introduction by Dziawgo, Leszek (2017) - CJFA offers an excellent possibility for scientists to publish their articles. This requires strong scientific support from us – scientists. Keywords: scientists

• Introduction by Dziawgo, Leszek (2013) - Przed- stawiciele tak szeroko zdefiniowanego środowiska naukowego będą twórca- mi i odbiorcami treści publikowanych w CJF&A. W utrzymaniu wysokiej jako- ści publikowanych opracowań wspierają nas uznane osoby w Radzie Naukowej i Zespole Recenzentów, którym dziękujemy za zaangażowanie w tak ważne dzieło. Pismo jest przeznaczone dla środowiska zarówno teoretyków, jak i tych praktyków, którzy podjęli wyzwanie zdobywania stopni naukowych w dyscy- plinie „Finanse”. Keywords: finanse; pismo

• MAX WEBER’S RATIONALITY IN ACCOUNTING RESEARCH by Salah Uddin Rajib (2023) - This paper aims to investigate the influence of Weber’s ‘rationality’ concept in accounting research through the identification of research platforms, trends and major themes and findings. 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: accounting; max; rationality; research; society; weber

• Introduction by Dziawgo, Leszek (2015) - 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: science

Epilogue

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Created: 2025-12-24