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Autor	Maria Niewiadoma
Tytuł	Problems of Management Risk at Financial Institutions in Context of the Financial Crisis
Title	Problemy zarządzania ryzykiem w bankach w warunkach kryzysu finansowego
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Abstrakt	Zarządzanie ryzykiem jest ważną dziedziną w każdej firmie. Szczególnej uwadze poddano w niniejszym opracowaniu elementy związane z zarządzaniem ryzyka w bankach w warunkach kryzysu finansowego. Omówiono elementy tworzące proces zarządzania ryzykiem, etapy identyfikacji ryzyka oraz bariery stojące na przeszkodzie minimalizacji ryzyka w instytucjach finansowych. Zwrócono uwagę na istotną rolę specjalistów zatrudnionych dla pomiaru, wykrywania i eliminacji ryzyka (CFO, RMO, CRO). Celem artykułu jest badanie stanu istniejącego oraz wydanie opinii w zakresie kierunków doskonalenia konkretnych czynników związanych z kwestią zarządzania ryzykiem w bankach. Opracowanie oparto na krajowej i zagranicznej literaturze przedmiotu z lat 2002–2012 oraz na wynikach przeprowadzonej ankiety własnej w bankach komercyjnych w 2012 r. Wykorzystano następujące metody badawcze: dedukcji, obserwacji, wywiadu i analizy opisowej.
Abstract
Cytowanie	Niewiadoma M. (2012) Problems of Management Risk at Financial Institutions in Context of the Financial Crisis.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 77-87
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Pełny tekst	EIOGZ_2012_n96_s77.pdf

Autor	Krystyna Brzozowska
Tytuł	Ryzyko na rynkach finansowych: zarządzanie ryzykiem kredytowym w sektorze bankowym w Polsce
Title	Financial Market Risks: Credit Risks Management in Banking Sector in Poland
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Abstract	Risks are connected to each economy action. Risks in financial markets are mainly important because their occurring can evolve losses or gains. Precise instruments should be used in risk management process to minimize possibilities of occurring losses. In banking sector credit risk play a major role in loan activity. The aim of an article is to indicate an importance of credit risk management in aspect of monitoring of quality of granted loans. An examination is based on analysis of quality of credit portfolio as a share of threat loans in credit portfolio of banking sector in Poland. Results shown an increasing share of bad loans in following years in each group of borrowers with special progress in group of households loans.
Cytowanie	Brzozowska K. (2012) Ryzyko na rynkach finansowych: zarządzanie ryzykiem kredytowym w sektorze bankowym w Polsce.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 89-99
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Pełny tekst	EIOGZ_2012_n96_s89.pdf

Autor	Adam Samborski
Tytuł	Zarządzanie ryzykiem w przedsiębiorstwie – uwarunkowania w kontekście zasad nadzoru korporacyjnego
Title	Enterprise Risk Management in the Context of the Principles of Corporate Governance
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Abstract	For a long time enterprise risk management was associated with financial management, and the use of specific financial instruments such as options or swaps. Today, however, the risk analysis has been incorporated into more formal processes and structures set in the framework of internal control and risk management. As a result of corporate scandals and the loss of confidence in financial reporting there is increased interest in issues of corporate governance among the board, senior management, auditors, and stakeholders. More and more companies are trying to manage risk in a holistic manner. The question is – how to effectively integrate enterprise risk management with the system of corporate governance?
Cytowanie	Samborski A. (2012) Zarządzanie ryzykiem w przedsiębiorstwie – uwarunkowania w kontekście zasad nadzoru korporacyjnego.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 101-113
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Pełny tekst	EIOGZ_2012_n96_s101.pdf

Autor	Małgorzata Białas
Tytuł	Możliwości identyfikacji ryzyka gospodarczego w sprawozdaniach finansowych
Title	The Ability of Identifying the Economic Risk in the Financial Statements
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Abstract	Investors making their decisions rely on the data in the financial statements. They seek there the information about the risks associated with the operations of the commercial entity. Such knowledge is essential for them, because the success of investment depends also on the degree of risk that a company is exposed to. Unfortunately, a chance of identifying economic risks in the financial statements is significantly limited. The meaning of the measurement risk is becoming more and more important in the financial statements as a result of the changes in the accounting rules. This paper is devoted mainly to fair value, as one of the methods of measuring values. The paper lists the advantages and disadvantages and also the consequences of using fair value method in financial statements. In the last part the author presents the calculated ratios on the basis of financial reports of selected entities. The results indicate the differences between the real values and non-real values as a consequence of using, among others, fair value method.
Cytowanie	Białas M. (2012) Możliwości identyfikacji ryzyka gospodarczego w sprawozdaniach finansowych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 115-128
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Pełny tekst	EIOGZ_2012_n96_s115.pdf

Autor	Ryszard Kata
Tytuł	Ryzyko finansowe w działalności jednostek samorządu terytorialnego – metody oceny
Title	Financial Risk in the Activities of Local Government Units – the Method of Assessment
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Abstract	The study presents the methods of multivariate analysis and created on this basis synthetic indicators of financial autonomy and indebtedness, which can be useful in assessing the financial risks of local government units. The study was conducted on a sample of 111 rural communities in the Podkarpackie region, which were due to level of indebtedness and financial autonomy are classified into four groups according to the level of financial risk related to their activities.
Cytowanie	Kata R. (2012) Ryzyko finansowe w działalności jednostek samorządu terytorialnego – metody oceny.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 129-141
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Pełny tekst	EIOGZ_2012_n96_s129.pdf

Autor	Anna Kuzior
Tytuł	Odzwierciedlenie ryzyka utraty wartości aktywów w sprawozdaniu finansowym
Title	The Presentation of Risks of Impairment Losses in Financial Statement
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Abstract	The article presents problems concerning tests for impairment and impairment losses based on Polish accounting law. Impairment losses are caused by risks that the company will not obtain economic benefits from controlled assets. External and internal indications of impairment as well as the procedure of tests for impairment were described here. The values of assets which must be determined to answer the question if assets are impaired or not were depictured. Problems of differed tax assets connected with impairment losses were mentioned. Treatment and allocation of impairment losses were presented. The rules of their presentation in an income statement in a statement of changes in equity and in notes were shown.
Cytowanie	Kuzior A. (2012) Odzwierciedlenie ryzyka utraty wartości aktywów w sprawozdaniu finansowym.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 143-153
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Pełny tekst	EIOGZ_2012_n96_s143.pdf

Autor	Bożena Horbaczewska
Tytuł	Zależność między ryzykiem a stopą zwrotu z wybranych indeksów na Giełdzie Papierów Wartościowych w Warszawie SA
Title	Investment Risk Versus Rate of Return on Indexes on Warsaw Stock Exchange
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Abstract	Investment Risk Versus Rate of Return on Indexes on Warsaw Stock Exchange Index WIG20 includes shares of twenty largest and most liquid companies listed on WSE, the next forty are grouped in mWIG40 index, and another eighty – in the sWIG80 index. It is generally agreed that the index WIG20 allows to realize lower rates of return with a lower risk level than indexes mWIG40 and sWIG80. Directly proportional relationship between the rate of return and the investment risk comes from the CAPM model. The purpose of this research is to verify this view by analyzing rates of return and their volatility on indexes WIG20, mWIG40 and sWIG80 in the period 16.05.2005–7.04.2011. The results show reversed relationship between the rates of return and volatility on the indexes. Throughout the whole period the index WIG20 had the lowest rate of return, at the highest level of volatility, and the index sWIG80 – the highest rates of return with lowest risk level. The relationship changed with the capital market conditions. WIG20 index has achieved the best rate of return only during a fall in the value of indexes, but at the highest level of investment risk.
Cytowanie	Horbaczewska B. (2012) Zależność między ryzykiem a stopą zwrotu z wybranych indeksów na Giełdzie Papierów Wartościowych w Warszawie SA.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 155-165
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Pełny tekst	EIOGZ_2012_n96_s155.pdf

Autor	Jacek Tomaszewski
Tytuł	Zastosowanie swapów towarowych w zarządzaniu ryzykiem cenowym na rynkach towarowych
Title	Commodity Swaps and Commodity Price Risk Management
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Abstract	Dramatic increase in the use of derivatives instruments as the tools commodity price risk management has been observed over the course of recent years. New types of instruments are designed that can better match risk profiles of the commodity market participants. One of the newly introduced instruments is commodity swap, offered for the first time in the mid 1980’s. Particularly large increase in the volume and value of these transactions has been recorded during the first decade of the XXI-st century. The basic commodity swap is a transaction between two parties which calls for the single or multiple exchange of cash flows where the value of these cash flows is dependent on the price of commodity (or basket of commodities) underlying the contract. Entering into commodity swap as a risk management tool allows fixing the price of the underlying commodity over long term time horizon. Commodity swap are used most extensively as a risk management instrument for energy commodities and for commodities with no active commodity futures markets that are considered prime alternative to swaps. In the last few years energy companies listed on the Warsaw Stock Exchange began to use commodity swaps, primarily for the purpose of fixing purchase price of oil and gas – major cost components for these companies.
Cytowanie	Tomaszewski J. (2012) Zastosowanie swapów towarowych w zarządzaniu ryzykiem cenowym na rynkach towarowych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 167-179
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Autor	Małgorzata Just
Tytuł	Porównanie metod szacowania wartości zagrożonej na rynku metali szlachetnych
Title	The Comparison of Methods of Estimating Value at Risk on the Precious Metals Market
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Abstract	The aim of this work is to compare methods of estimating Value at Risk of precious metals which are quoted on the London Metal Exchange in the period from beginning 2007 to the end of April 2012. There were analyzed five methods: historical simulation, variance-covariance approach, Monte Carlo simulation, Generalised Autoregressive Conditional Heteroscedasticity (GARCH), RiskMetrics. This models proved to be useful in the precious metals market. They allow for proper estimation of Value at Risk in the most turbulent periods in commodity markets.
Cytowanie	Just M. (2012) Porównanie metod szacowania wartości zagrożonej na rynku metali szlachetnych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 181-193
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Pełny tekst	EIOGZ_2012_n96_s181.pdf

Autor	Bożena Sowa
Tytuł	Sposoby ograniczania indywidualnego ryzyka bankowego – analiza wybranych aspektów
Title	Forms of Individual Banking Risk Reduction – Analysis of Selected Aspects
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Abstract	Commercial banks, the activity of which is based on economic criteria, are an important element of a financial system. Functioning of these entities as institutions of public trust, is associated with the occurrence of different risk forms, among which credit risk considered as one of the major threats for current and future bank’s activity, is primary. Despite of continuous changes present within banking sector, consisting in improving the techniques and methods of risk recognition and evaluation, there is a need to distinguish the manners for reducing the individual banking risk. It cannot be eliminated, but only influenced on its level due to efficient policies being a reflection of the solutions applied. Therefore, the aim of the present paper is to analyze the ways of reducing the individual banking risk (taking into considerations the credit risk) and to recognize all factors having some impact on its level.
Cytowanie	Sowa B. (2012) Sposoby ograniczania indywidualnego ryzyka bankowego – analiza wybranych aspektów.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 209-219
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Pełny tekst	EIOGZ_2012_n96_s209.pdf

Autor	Anna Żelazowska-Przewłoka
Tytuł	Prognozowanie zagrożenia finansowego przedsiębiorstw agrobiznesu w województwie świętokrzyskim w latach 2005–2010
Title	Forecasting Financial Risk of Agribusiness Companies in the Świętokrzyskie Province in 2005–2010
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Abstract	The elaboration presents forecast for financial risk of selected agribusiness firms in the świętokrzyskie Province. Two models were used to predict corporate bankruptcy: a model M. Hamrol, B. Czajka and M. Piechocki, and A. Hołda model. The data based on financial statements placed in the Polish B Monitor of selected companies of the agribusiness calculated rates which served the post of discriminatory chosen models for calculating the value stayed. Enterprises were provided with examinations: Bakery at the Telegraph Roman Smolarski in Kielce, Plant Fruit and Vegetable Industry Dwikozy S.A. in Dwikozy, AGROMA Kielce Ltd. z o.o. in Kielce, Department of Fruit Processing Ltd. SAMBOR in Samborcu, Plant Grain-Milling ROC S.A. in Kielce, Kielce Brewery Co. Ltd. in Kielce, EKOPLON S.A. in Grabkach Large, Horticultural Wholesale Market in Sandomierz S.A. in Sandomierz, Department of Poultry-Cold store imports and exports in Jędrzejów Stanisław Bik. The study covered years 2005– –2010, while in the case of a brewery in Kielce from 2004 to 2009 in Kielce. This enterprise was liquidated by the management board of the Brewing Company in September 2009. In the examination they used the comparative analysis which was exploited for verifying two models for the early stage of warning before the bankruptcy.
Cytowanie	Żelazowska-Przewłoka A. (2012) Prognozowanie zagrożenia finansowego przedsiębiorstw agrobiznesu w województwie świętokrzyskim w latach 2005–2010.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 221-230
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Pełny tekst	EIOGZ_2012_n96_s221.pdf

Autor	Emilia Grzegorzewska
Tytuł	Model wczesnego ostrzegania jako narzędzie oceny kondycji finansowej spółek hodowli roślin i zwierząt
Title	Early Warning Model as Instrument for Assessing the Financial Condition of Plant and Animal Breeding Companies
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Abstract	The objective of the study was to assess the financial condition of a selected group of agricultural enterprises by the early warning model, which takes into account the specify of the agricultural sector. The study examines plant and animal for this study breeding companies owned by Agricultural Property Agency were selected. The analysis covered the years 2008–2010. The results showed that the end of the period, almost half surveyed companies were in poor financial condition. The biggest financial risk was noted in the companies of horse breeding. In 2010 almost two third of the companies obtained a value of early warning model substantially below the border point. The best financial condition was characterised by the company’s animal husbandry. The average index value YSHO during the period was above 4.0. Carried out the analysis indicated agricultural enterprises located in the best and the weakest financial condition. Companies in which the indicator YSHO signals financial risk should undergo a thorough ratio analysis to identify the critical areas of activity and determine the corrective action.
Cytowanie	Grzegorzewska E. (2012) Model wczesnego ostrzegania jako narzędzie oceny kondycji finansowej spółek hodowli roślin i zwierząt.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 231-241
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Pełny tekst	EIOGZ_2012_n96_s231.pdf

Autor	Magdalena Hodun, Joanna Żurakowska-Sawa
Tytuł	Prognozowanie upadłości firm modelami analizy dyskryminacyjnej na przykładzie wybranych spółek giełdowych sektora przemysłu
Title	Prediction of Bankrupt Companies Discriminant Analysis Models Based on Selected Stock Companies of the Industrial Sector
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Abstract	The bankruptcy of companies is a natural event of any economic activity. The main goal of this paper was to research insolvency risk chosen enterprises using discriminant analysis models. In this article characteristic and results of seven chosen discriminant models were presented.
Cytowanie	Hodun M., Żurakowska-Sawa J. (2012) Prognozowanie upadłości firm modelami analizy dyskryminacyjnej na przykładzie wybranych spółek giełdowych sektora przemysłu.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 243-253
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Pełny tekst	EIOGZ_2012_n96_s243.pdf

Autor	Rafał Balina, Jolanta Pochopień
Tytuł	Skuteczność modeli do prognozowania bankructwa przedsiębiorstw handlu hurtowego żywnością, napojami i wyrobami tytoniowymi
Title	The Effectiveness of Models for Predicting Bankruptcy of Companies Wholesale Food, Drink and Tobacco
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Abstract	In the paper was verified the effectiveness of the five chosen foreign models and twenty six polish models for bankruptcy prediction of companies from the sector of wholesale food, drink and tobacco. Most of analyzed models can’t be able to recognize symptoms of insolvency.
Cytowanie	Balina R., Pochopień J. (2012) Skuteczność modeli do prognozowania bankructwa przedsiębiorstw handlu hurtowego żywnością, napojami i wyrobami tytoniowymi.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 255-263
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Pełny tekst	EIOGZ_2012_n96_s255.pdf

Autor	Dorota Czerwińska-Kayzer, Joanna Florek
Tytuł	Wykorzystanie wybranych modeli analizy dyskryminacyjnej w ocenie sytuacji finansowej przedsiębiorstw produkujących pasze
Title	The Use of Discriminant Analysis Selected Models in the Evaluation of the Financial Situation of Companies Producing Animal Feed
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Abstract	The main target of the article was to present selected Polish models of early warning and to assess their adaptation to indicate a deterioration in the financial situation of enterprises producing animal feed. The presented research shows that the use of different models of early warning doesn’t give base to unambiguous evaluation of the company’s financial situation.
Cytowanie	Czerwińska-Kayzer D., Florek J. (2012) Wykorzystanie wybranych modeli analizy dyskryminacyjnej w ocenie sytuacji finansowej przedsiębiorstw produkujących pasze.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 265-276
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Pełny tekst	EIOGZ_2012_n96_s265.pdf

Autor	Serhiy Zabolotnyy
Tytuł	Priorytety polityki zarządzania majątkiem obrotowym w spółkach giełdowych z sektora agrobiznesu w opiniach zarządzających
Title	The Priorities in Currents Assets Management Policy in the Warsaw Stock Exchange Agribusiness’ Companies in Opinion of Managers
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Abstract	In the article the opinions of managers of agribusiness joint stock companies on current assets’ management are presented. With the help of questionnaire the strategies of inventory, receivables and cash were defined. It was stated, that in the companies of agribusiness variable strategies of current assets were applied, with the advantage of moderate strategies. On one hand striving for ensuring of delivery stability, reducing losses of overdue payments and meeting the debts in time proved the conservative approach to the current assets management. On another hand orientation on reducing the costs of inventory, using of trade credits to stimulate sales and reinvestment of cash demonstrated the aggressive character of applied strategies.
Cytowanie	Zabolotnyy S. (2012) Priorytety polityki zarządzania majątkiem obrotowym w spółkach giełdowych z sektora agrobiznesu w opiniach zarządzających.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 277-289
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Autor	Magdalena Forfa, Mirosław Wasilewski
Tytuł	Przepływy pieniężne a efektywność wykorzystania czynników wytwórczych w gospodarstwach rolniczych
Title	Cash Flow Management vs. Effectiveness of Utilization of Factors of Production in Agriculture Farm
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Abstract	The elaboration presents the effectiveness of utilization of land, labor and capital in agriculture farms in relation to cash flow management. Research objects were individual farms which were participating in the PL-FADN in 2005–2009. It was found that with increasing value of the balance of the total flow from the farm, the balance of the cash flows from operating activities and the final state cash, increased profitability and productivity of land. Farms generating more cash from operating activities, and having a higher total net flows from the farm better managed equity and assets.
Cytowanie	Forfa M., Wasilewski M. (2012) Przepływy pieniężne a efektywność wykorzystania czynników wytwórczych w gospodarstwach rolniczych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 291-302
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Pełny tekst	EIOGZ_2012_n96_s291.pdf

Autor	Teresa Domańska, Mirosław Wasilewski
Tytuł	Wykorzystanie modeli dyskryminacyjnych do oceny kondycji finansowej Zakładów Tłuszczowych Kruszwica S.A.
Title	Discriminatory Models as a Measure of Financial Situation of ZT Kruszwica S.A.
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Abstract	The following study determines the risk prediction of bankruptcy of ZT “Kruszwica” industrial enterprise, using certain discriminatory models in terms of maintaining financial liquidity. The research, covering the period from 2008 to 2010, was based on a unit, quarterly financial statements. It was observed that liquidity ratings reached a satisfactory level. However, two of the accepted models showed a difficult financial situation of ZT “Kruszwica” S.A. For instance, E.I. Altman’s model indicated threat of bankruptcy in 2008. Contrary to A. Mączynska’s model, which informed about a bad financial condition in the second quarter of 2010. The other models proved that the company was developing dynamically at that time. To conclude, the prediction models of bankruptcy can have ambiguous results. However, discriminatory models can be treated as part of the financial situation of a company and fundamental analysis.
Cytowanie	Domańska T., Wasilewski M. (2012) Wykorzystanie modeli dyskryminacyjnych do oceny kondycji finansowej Zakładów Tłuszczowych Kruszwica S.A..Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 96: 303-321
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Pełny tekst	EIOGZ_2012_n96_s303.pdf

Autor	Elżbieta Skrzypek
Tytuł	Zarządzanie wiedzą i informacją w organizacjach gospodarczych
Title	Knowledge Management and Information in Business Organizations
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Abstract	Knowledge is the most important of all resources and even more so in conditions of the new economy. Usefulness of KM becomes more evident in the process of improving management of an organization which nowadays is functioning in changeable surroundings. Research, was conducted in 2011, concerning 50 enterprises with implemented QMS in accordance that ISO 9001 requirements that were interested in implementation of KM system.
Cytowanie	Skrzypek E. (2012) Zarządzanie wiedzą i informacją w organizacjach gospodarczych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 97: 5-16
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Pełny tekst	EIOGZ_2012_n97_s5.pdf

Autor	Grażyna Ancyparowicz, Miłosz Stanisławski
Tytuł	Kryterium fiskalne a procedura nadmiernego deficytu wobec Polski
Title	The Fiscal Criterion and the Excessive Deficit Procedure Against Poland
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Abstract	The formulation of the nominal convergence criteria in the Treaty establishing the European Union was dictated by the need to examine the degree of consistency in the economies of Member States. These criteria enabled verification of their readiness to participate in the Monetary Union. In particular, establishment of the fiscal criterion was aimed to impose financial discipline. Poland participates in the third stage of Economic and Monetary Union on the rights of the State with a derogation, however, it does not exempt our country from fulfilling the fiscal criterion. Exceeding the reference level of the general government sector’s deficit triggered EC’s initialization of Excessive Deficit Procedure (EDP) against our country in 2009. The answer to this challenge was the Government’s plan to consolidate public finances. In 2011, at the cost of raising tax rates and eliminating most of the allowances, while limiting transfers to Open Pension Funds (OFE) and reducing social spending, an improvement of the reference indicators was achieved. Nevertheless, the results after the first quarter of 2012 are not optimistic.
Cytowanie	Ancyparowicz G., Stanisławski M. (2012) Kryterium fiskalne a procedura nadmiernego deficytu wobec Polski.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 97: 17-30
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Pełny tekst	EIOGZ_2012_n97_s17.pdf