10.22630/ZFIR.1711722196
1711722196
sggw
wwwwne@mail.sggw.pl
Tomasz Ruchniewicz
Zarządzanie Finansami i Rachunkowość
2300-9683
2543-8557
10.22630/ZFIR
http://zfir.wne.sggw.pl/
06
30
2017
06
30
2017
5
2
10.22630/ZFIR.2017.5.2
https://sj.wne.sggw.pl/zfir/2017/vol5/issue2
Rynek ubezpieczeń kredytu w Polsce – ocena tendencji ogólnych
Maria
Gorczyńska
Uniwersytet Ekonomiczny w Katowicach
Credit insurance is one of available methods of protection against the results of market partners insolvency. The purpose of this paper is to analyse the general tendencies observable on Polish credit insurance market in the period of 2004–2015. The study relies on the available market data which were discussed in three dimensions: supply of credit insurance, demand for credit insurance (in particular in corporate customers’ sector) and market equilibrium. The study has shown that the supply of credit insurance was relatively stable over the analysed period, and the leading group of purchasers were corporate customers. Since 2009, the market equilibrium has changed, due to the increasing burden of claims paid, relative to gross premiums written.
06
30
2017
5
16
10.22630/ZFIR.2017.5.2.07
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s5
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s5
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s5.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s5.pdf
Typ rolniczy a efektywność gospodarstw rolniczych w Polsce
Agnieszka
Gałecka
Państwowa Szkoła Wyższa im. Papieża Jana Pawła II w Białej Podlaskiej
https://orcid.org/0000-0002-7603-8086
The article assesses the level of effectiveness of farms in Poland depending on the type of farming. The analysis included agricultural farms participating in the Polish FADN. The study period covered the years 2010–2013. It was found that the highest efficiency use of resources of land, labor and capital were characterized by farm-type agriculture “granivores” and “milk cows”, while the lowest farm specialized in the breeding of other grazing livestock. In the analyzed period a uniform upward trend all analyzed performance indicators reported in farms focused on livestock granivores.
06
30
2017
17
27
10.22630/ZFIR.2017.5.2.08
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s17
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s17
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s17.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s17.pdf
Finansowe oraz pozafinansowe formy wsparcia startupów w Polsce
Justyna
Kogut
Uniwersytet Technologiczno-Humanistyczny im. Kazimierza Pułaskiego w Radomiu
Startups are newly created companies that are looking for further development opportunity. There are still new ones arising in Poland and they are considered as a “seed” of Polish entrepreneurship, diligence and independence. The key to innovative economy are exactly startups. To create a new company, adequate financial resources are necessary. Startups can acquire capital in many ways. Choosing appropriate depends on many factors, but it the end, the enterprise’s owners decide which one to choose.
06
30
2017
29
38
10.22630/ZFIR.2017.5.2.09
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s29
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s29
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s29.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s29.pdf
Przegląd badań dotyczących praktycznego wykorzystania metod szacowaniakosztu kapitału w gospodarkach rozwiniętych i rozwijających się
Tomasz
Pawlonka
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
https://orcid.org/0000-0002-3463-7013
The main goal of the companies, increasing the value for the shareholder, requires awareness of the cost of capital. The ways of estimating the cost of capital in finance theory and business practice are still debatable. They are not transparent for all companies and for all economies. The aim of this article is to present the opinion of practitioners and a summary of its with theoretical views regarding to reliable calculation of the cost of capital. Particular emphasis is placed on the CAPM and the various parameters of this model.
06
30
2017
39
51
10.22630/ZFIR.2017.5.2.10
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s39
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s39
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s39.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s39.pdf
Opcje realne jako alternatywa w wycenie projektów inwestycyjnych
Michał
Gnap
Uniwersytet Rzeszowski
The most important function of every company is to create value for its owners. In this concept, it is necessary to make actions both operating and investing. They are targeted to increase economical value in the future. Very popular in this age net present value and internal rate of return, even though very popular, they face absolute tool. Every limitation which is typical for those methods, lead to situations where management must take decisions intuitively. So standard analysis NPV should be expanded by additional tools like the real option. The aim of this work is not to characterize approaches used for estimation of real option value, but to show how seemingly unprofitable investments can be profitable due to feature real options which can bring to company over-proportional profit.
06
30
2017
53
63
10.22630/ZFIR.2017.5.2.11
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s53
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s53
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s53.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s53.pdf
Wielkość dotacji na działalność statutową a efektywność naukowa wydziałówSzkoły Głównej Gospodarstwa Wiejskiego w Warszawie
Piotr
Pietrzak
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
https://orcid.org/0000-0002-1319-4815
Both in Poland and in other European Union countries, universities are primarily financed from public funds. This is due to the role that societies assign the spread of higher education. However, increasingly important in determining the level of public funds play performance indicators. Thus, the starting point in designing procedures for allocation is the postulate that more efficient units (faculties) should get much more funds than to less efficient. The hypothesis of the research assumes that there is a high positive correlation between the amount of the statutory grant and scientific efficiency of Warsaw University of Life Sciences’ faculties.
06
30
2017
65
75
10.22630/ZFIR.2017.5.2.12
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s65
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s65
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s65.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s65.pdf
Struktura kapitału przedsiębiorstw budowlanych notowanychi nienotowanych na rynku kapitałowym
Magdalena
Mądra-Sawicka
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
https://orcid.org/0000-0001-7842-889X
Aneta
Kalisiak
Szkoła Główna Gospodarstwa Wiejskiego w Warszawie
https://orcid.org/0000-0003-3746-5939
The objective of the study was an evaluation of the differences in the capital structure among Polish construction companies listed and non-listed on the Warsaw Stock Exchange. The study was conducted in 2012–2015. The research compares two groups: 39 companies listed on the stock and 151 companies nonlisted but with the value of the highest total revenues during the research period (for entities with NAICS 23 which was awarded as the main activity). The study confirmed that there is a significant differentiation of capital structure among studied enterprise groups. The group of nonlisted companies was characterized by lower and more diversified exposure to long-term debt. Moreover, in those entities, there was no tendency towards higher equity involvement with higher debt level.
06
30
2017
77
92
10.22630/ZFIR.2017.5.2.13
https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s77
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https://sj.wne.sggw.pl/article-ZFIR_2017_n2_s77
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s77.pdf
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https://sj.wne.sggw.pl/pdf/ZFIR_2017_n2_s77.pdf