Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej 2009 (76)

Autor	Romuald Hanisz,
Tytuł	Aktywna strategia finansowania warunkiem realności strategii przedsiębiorstwa w warunkach niepewności
Title	The active fi nancial strategy as a provision for enterprises plausibility of established strategy in uncertain conditions
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Abstract	The article focuses on financial strategy of Polish enterprises. In times of general economic insecurity and more difficult access to bank credits and loans, the strategy of obtaining the funds by enterprises should be more active. It ought to be based on a bigger range of financial sources offered by Polish and international finance markets. The emission of commercial paper is not so fully used as a source of financing
Cytowanie	Hanisz R. (2009) Aktywna strategia finansowania warunkiem realności strategii przedsiębiorstwa w warunkach niepewności.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 5-15
Pełny tekst	EIOGZ_2009_n76_s5.pdf
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Autor	Aldona Mrówczyńska-Kamińska, Walenty Poczta, Joanna Średzińska,
Tytuł	Determinanty dochodów gospodarstw rolnych Unii Europejskiej według typów rolniczych
Title	The factors determining the agricultural holdings’ incomes in the European Union according to the types of farming
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Abstract	The aim of this paper is to identify the factors determining the agricultural holdings’ incomes in the EU and to measure their strength and direction of impact on incomes achieved in holdings from specific types of farming. The FADN data from 2006 were used in the study. In order to realize the aim of this analyze the statistical method of multiple regression was used. The research showed that the strongest impacts on agricultural holdings’ incomes have: total utilized agricultural area, technical equipment of labour, inputs of current assets and subsidies on current operations. The strength and direction of influence of these factors are diverse for particular types of farming.
Cytowanie	Mrówczyńska-Kamińska A., Poczta W., Średzińska J. (2009) Determinanty dochodów gospodarstw rolnych Unii Europejskiej według typów rolniczych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 17-30
Pełny tekst	EIOGZ_2009_n76_s17.pdf
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Autor	Justyna Franc-Dąbrowska,
Tytuł	Praktyczne zastosowanie wybranych modeli panelowych do oceny sytuacji finansowej przedsiębiorstw rolniczych
Title	Practical application of selected panel models in assessment of financial situation in the agricultural companies
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Abstract	The study presents models which were used to prepare panel data (estimation based on the classical method of the smallest squares, panel model with fixed effects, panel model with random effects). Panel analyses were conducted which were supposed to identify factors influencing revenue figures. Based on the statistical tests it was found that panel model with fixed effects was more applicable then the other methods of estimation (for analyzed type of data). As a result of analyses performed it was found that revenue is mostly impacted by cash-flow, level of employment and work productivity. Established variables improve the management process of sale.
Cytowanie	Franc-Dąbrowska J. (2009) Praktyczne zastosowanie wybranych modeli panelowych do oceny sytuacji finansowej przedsiębiorstw rolniczych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 31-40
Pełny tekst	EIOGZ_2009_n76_s31.pdf
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Autor	Elżbieta Szymańska,
Tytuł	Struktura kapitału w gospodarstwach trzodowych o różnej wielkości ekonomicznej
Title	The capital structure in pigs holdings of different economic size
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Abstract	The paper aims to present the capital structure in pigs holdings of different economic size. A research was made in the holdings which produced 100 and more porkers per year and accordingly participated in Farm Data Accountancy Network in years 2004–2006. Holdings were divided into the two groups in accordance to the economic size (large and very large). It results from the research that holdings of different economic size differed in their efficiency of land, labor, capital and level of net debt. In the first group share of loan capital amounted to 17.0% but in second one– to 23.0%. As for the structure of loans, the majority of them were long and medium- term ones. These loans were fully secured with fixed assets. Loan capital led to the efficiency of own capital, especially in case of larger holdings. This group was characterized with higher labor efficiency and fixed assets, and more financial means was invested
Cytowanie	Szymańska E. (2009) Struktura kapitału w gospodarstwach trzodowych o różnej wielkości ekonomicznej.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 41-51
Pełny tekst	EIOGZ_2009_n76_s41.pdf
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Autor	Alexander Boldak, Maria Pestis, Pavel Pestis, Dmitry Rudenko, Elena Rudenko,
Tytuł	Sytuacja finansowania gospodarstw agroturystycznych na Białorusi
Title	Financial position of agroecotourist units in the Republic of Belarus
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Abstrakt	Agroturystyka staje się coraz bardziej dynamicznie rozwijającą się branżą w światowej turystyce. Białoruś posiada niewyczerpane zasoby rozwoju agroturystyki. Pozwala to na wspieranie stabilnego rozwoju obszarów wiejskich, podniesienie dobrobytu mieszkańców wsi poprzez wdrażanie atrakcyjnych inwestycji, kreując nowoczesną społeczną infrastrukturę, sprzyjając tworzeniu nowych miejsc pracy. Przyczynia się to do osiągnięcia kulturowo-społecznych celów. Agroturystyka jest postrzegana jako ważny składnik realizowania Państwowego Programu Rewitalizacji i Rozwoju Wsi na Białorusi w latach 2005–2010. Głównym problem podjętym w artykule jest brak środków pieniężnych na realizowanie w agroturystyce podstawowych założeń i modeli określonych w Programie Narodowym dla agroturystyki wiejskiej. Zagadnienie związane z interpretacją pomocy finansowej nie jest określone w orzeczeniu Prezydenta Białorusi „Stopień rozwoju agroturystyki na Białorusi”. Utrzymanie i rozwój naturalnego i ludzkiego potencjału pozwoli na wzrost efektywności agroturystyki w sektorze rolnictwa w gospodarce Białorusi
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Cytowanie	Boldak A., Pestis M., Pestis P., Rudenko D., Rudenko E. (2009) Sytuacja finansowania gospodarstw agroturystycznych na Białorusi.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 53-60
Pełny tekst	EIOGZ_2009_n76_s53.pdf
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Autor	Mirosław Krajewski,
Tytuł	System powiązania wskaźników w ocenie zarządzania kapitałami w przedsiębiorstwie
Title	The connection system of the capital management coeffi cients in enterprise assessment
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Abstract	The process of funding in enterprise joins two inseparable and mutually related problems in enterprise – the investments assets delimitation and identifying possible sources of financing, which from the managers point of view, should also includes the costs of gaining additional capital. The correct utilization of capital in enterprise requires continuous monitoring of the financial effects of its performance in aspect of possessed assets. It leads to formulating the establish definitions in relation to economic quantities which helps to identify the major efficient financing sources in company activity. The methods and analysis tools should asses the most profitable level of loan capital and assure possibility to create the early warning system before financial losses appear in enterprise.
Cytowanie	Krajewski M. (2009) System powiązania wskaźników w ocenie zarządzania kapitałami w przedsiębiorstwie.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 61-71
Pełny tekst	EIOGZ_2009_n76_s61.pdf
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Autor	Grażyna Klamecka-Roszkowska,
Tytuł	Finansowanie działalności innowacyjnej w podlaskich przedsiębiorstwach
Title	The financing innovation activities in Podlasie area
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Abstract	Innovation in companies is a large degree which depends on their financial resources. It influenced both the use of companies’ ideas concerning new choices and new technologies as well as the access of the external sources of innovation i.e. the purchase of license and modern fixed assets or the employment of highly-paid specialists. The purpose of this study is the discussion of the questionnaires results about financing innovation activities. The research has been carried out on 575 enterprises which conduct their activity in Podlasie area. The elaboration is a part of wider work, which aim was monitoring the Regional Innovation Strategy of Podlasie voivodeship.
Cytowanie	Klamecka-Roszkowska G. (2009) Finansowanie działalności innowacyjnej w podlaskich przedsiębiorstwach.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 73-84
Pełny tekst	EIOGZ_2009_n76_s73.pdf
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Autor	Danuta Zawadzka,
Tytuł	Znaczenie zobowiązań krótkoterminowych w finansowaniu przedsiębiorstw w Polsce – analiza porównawcza według sekcji PKD
Title	The importance of current liabilities in financing businesses in Poland – a comparative analysis according to the section in polish statistical classifi cation of economic activities
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Abstract	The aim of this paper is to assess the significance of current liabilities in financing businesses in Poland. The proposed thesis assumed that it is variable and highly dependent on the specificity of the sector in which the business operates. The article is a part of a broader study concerned the short-term finuancing sources of businesses in Poland. It presents the empirical verification based on the data from the Polish Central Statistical Office in 1998–2007. The statistical data include financial results of businesses keeping accounting books, in which the number of employees exceeds 9. Current liabilities of the companies were presented according to the types of activities based on the Polish Statistical Classification of Economic Activities.
Cytowanie	Zawadzka D. (2009) Znaczenie zobowiązań krótkoterminowych w finansowaniu przedsiębiorstw w Polsce – analiza porównawcza według sekcji PKD.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 85-94
Pełny tekst	EIOGZ_2009_n76_s85.pdf
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Autor	Joanna Baran,
Tytuł	Korzyści skali a wyniki ekonomiczno-finansowe przedsiębiorstw przetwórstwa mleka w latach 2004–2006
Title	The returns to scale in relation to economic-financial results of dairy companies in 2004–2006
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Abstract	This paper presents the issue of potential relation between returns to scale of dairy companies and their financial performance. The analysis based on 267 objects shows significant differences between companies of increasing, decreasing and constant returns to scale. Statistic tests showed that the constant returns to scale is connected with higher labour efficiency ratio and assets productivity. However the research does not conf rm hypothesis that constant returns leads to the higher return on equity (ROE), return on assets (ROA), return on sales (ROS)
Cytowanie	Baran J. (2009) Korzyści skali a wyniki ekonomiczno-finansowe przedsiębiorstw przetwórstwa mleka w latach 2004–2006.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 95-108
Pełny tekst	EIOGZ_2009_n76_s95.pdf
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Autor	Grażyna Karmowska, Anita Małecka,
Tytuł	Ocena kondycji finansowej przedsiębiorstwa PGE
Title	Evaluation of PGE company’s financial condition
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Abstract	Economical estimation rating should aid administrating, current and strategic. At present time, more and more important are methods to detect and evaluate threats for companies continue activity. For addition to traditional factor analysis there are discrimination functions to value bankruptcy threats. PGE company was used for research purposes (company activity: electric and heat energy generating, distribution and dealing). The aim was to estimate financial condition with the use of selected methods of economical analysis). Four models were selected: A. Hołda, E. Mączyńska, J. Gajdka and D. Stos, and the Poznań-based. On their basis it is possible to certify that the company did not belong to the bankruptcy endangered entities. Despite the fact that, specific factors (quick ratio, current ratio, return on equity, return on assets, return on sales, capital multiplier, total asset turnover) indicated that the company’s financial condition should be monitored due to a descending tendencies.
Cytowanie	Karmowska G., Małecka A. (2009) Ocena kondycji finansowej przedsiębiorstwa PGE.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 109-120
Pełny tekst	EIOGZ_2009_n76_s109.pdf
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Autor	Serhiy Zabolotnyy,
Tytuł	Sytuacja finansowa spółek giełdowych z wybranych branż produkcyjnych
Title	Financial situation of stock companies from selected branches of industry
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Abstract	The author analyzes financial condition of selected manufacturing branches in Poland on the example of stock companies quoted on Warsaw Stock Exchange. Among the branches under consideration are food, metal, machine-engineering and construction materials’ industries. Asset and capital-asset structure as well as liquidity and profitability ratios are analyzed. In 2003–2007 companies from all selected branches except of metal industry increased the value of fixed assets relating to current assets. The structure of current assets was gradually changed with more liquid assets such as receivables and cash in bank accounts. High ratios of liquidity together with a significant share of long-term capitals in liabilities structure indicated a more conservative approach to the liquidity risk. The highest and most variable rates of return were noticed in metal industry, food and machine-engineering branches were characterized by lower but constant profitability ratios in the whole period
Cytowanie	Zabolotnyy S. (2009) Sytuacja finansowa spółek giełdowych z wybranych branż produkcyjnych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 121-133
Pełny tekst	EIOGZ_2009_n76_s121.pdf
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Autor	Jadwiga Drożdż, Iwona Szczepaniak,
Tytuł	Ocena sytuacji ekonomiczno-finansowej przemysłu spożywczego w pięć lat po integracji Polski z Unią Europejską
Title	The assessment of the economic-fi nancial situation of food industry during fi ve years after integration of Poland into the European Union
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Abstract	After Poland accession to the European Union the value of sold production in food industry has increased dynamically. After five years of functioning in the EU structure the value of sold production increased over half. The production revival in this branch industry was the direct reason of the improvement in economical and financial results of food producers. Their indexes grew 150% and had remained on this level by several years. This was a general phenomenon, taking a stand in majority food sectors. Not earlier than last year, the slight decline in the financial and economical results in the food industry has been observed, but still they have been better than before the integration into the EU. The increase of sale and profit generated by the food industry was a result of influence, equal extensive and intensive, of the qualified factors. The biggest effect on the increase of the turnover had the grown of wealth involved in the food branch, and a high grow of sale profitability enabled increase the amount of financial result of food producers.
Cytowanie	Drożdż J., Szczepaniak I. (2009) Ocena sytuacji ekonomiczno-finansowej przemysłu spożywczego w pięć lat po integracji Polski z Unią Europejską.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 135-146
Pełny tekst	EIOGZ_2009_n76_s135.pdf
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Autor	Marcin Ratajczak,
Tytuł	Sytuacja finansowa małych i średnich przedsiębiorstw w Polsce w latach 2002–2007
Title	Financial situation of small and medium enterprises in Poland in 2002–2007
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Abstract	The purpose of the presented article is a presentation of analysis results concerning largeness of income in small and medium enterprises, with particular taking into consideration the yield of gross and net return in analyzed economic subjects. In the first part of article showed a meaning of enterprise and coherent in relation to economic development. Furthermore, the second part was devoted to the financial status of small and medium enterprises functioning on Polish market. The researched conducted in elaboration based on data from Polish Agency for Enterprise Development and include 2002–2007.
Cytowanie	Ratajczak M. (2009) Sytuacja finansowa małych i średnich przedsiębiorstw w Polsce w latach 2002–2007.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 147-155
Pełny tekst	EIOGZ_2009_n76_s147.pdf
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Autor	Sławomir Kowalski,
Tytuł	Źródła finansowania sektora małych i średnich przedsiębiorstw w Polscez uwzględnieniem funduszy strukturalnych UE
Title	The sources of financing of small and mediu enterprises in Poland in relation to EU Structural Funds
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Abstract	In Poland, in the sequence of recent years, changes in financing SME activity took place. Entrepreneurs are diverging from internal source of finances more and more by devoting to others forms of raising possessed capital. It is caused by increasing competition which is forcing companies to taking higher risk. A competent choice of the financing source is a substantial problem. It should have a beneficial influence on the profitability in the enterprise, as well as keeping the financial risk at reasonable level. The main direct benefit was a possibility of using structural funds after the accession of Poland into the EU, especially for the SME business sector. The implementation of programs which are co-financed by the EU funds is bringing visible effects more and more.
Cytowanie	Kowalski S. (2009) Źródła finansowania sektora małych i średnich przedsiębiorstw w Polscez uwzględnieniem funduszy strukturalnych UE.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 157-164
Pełny tekst	EIOGZ_2009_n76_s157.pdf
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Autor	Sławomir Juszczyk, Maria Tymińska,
Tytuł	Sterowanie zapasami materiałowymi firmy – aspekty ekonomiczne i organizacyjne
Title	Controlling of the material entities’ reserves – economical and organizational aspects
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Abstract	The paper presents issues connected with the optimal streams of input delivery in situation which should be rational, cyclical and regular. They have to be synchronized with the production needs. It is also analyzed the level of store costs and the costs of stoppage in production processes in result of reserves running low. The presented considerations have a modeling character in optimal controlling and it conducted to achieve the basic parameters linked with the size of guaranteed reserves and frequency of material delivery. The criterion in optimized process is function of minimizing total costs i.e.: a) storing and b) stoppages in production which are caused by running low of reserves.
Cytowanie	Juszczyk S., Tymińska M. (2009) Sterowanie zapasami materiałowymi firmy – aspekty ekonomiczne i organizacyjne.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 165-174
Pełny tekst	EIOGZ_2009_n76_s165.pdf
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Autor	Magdalena Mądra,
Tytuł	Obciążenie podatkiem rolnym indywidualnych gospodarstw rolnych
Title	The level of agricultural tax burden in individual farms
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Abstract	The elaborations presents the level of agriculture tax in farms which conduced, during the researched period, agriculture accountancy according to FADN system. The article deals also with the relationship between generate sales revenues (total output) and family farm income. The presented research was surveyed in 2004–2007 in Mazowsze and Podlasie region. Farms have been characterized by criterion of cropland area, agriculture type and Economic Size Unit. The highest agriculture tax burden noticed in farms which characterized with the lowest economic power. The level of paid agriculture tax in relation to sale revenues was low and the highest tax burden noticed in group 10–30 ha of cropland area. The visible influence of this tax was perceptible in farms which managed a crop production.
Cytowanie	Mądra M. (2009) Obciążenie podatkiem rolnym indywidualnych gospodarstw rolnych.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 175-186
Pełny tekst	EIOGZ_2009_n76_s175.pdf
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Autor	Aleksandra Pisarska, Mirosław Wasilewski,
Tytuł	Płynność finansowa w małych i średnich przedsiębiorstwach
Title	The financial liquidity in small and medium enterprises
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Abstract	The highest financial liquidity described enterprises with the highest value of possessed capital. In general companies from the group of average value of capital had noticed the financial liquidity on lower level than the enterprises with the lowest and the highest value of capital. The financial liquidity ratio had amounted to quite low level in group of companies with the highest value of fixed assets. In the enterprises with the average level of these assets had appeared the risk of the financial liquidity lack. In group of micro enterprises had recorded difficulties with marinating the financial liquidity, especially the treasury ratio. In researched period had ascertained slight improvement in this aspect. Whereas the financial liquidity level in small and medium enterprises had formed almost on similar level, particularly in quick and treasury ratio. This group of enterprises had recorded lower level of financial liquidity, which in case of smaller scale of production was substantiated, because of decreasing risk of bankruptcy.
Cytowanie	Pisarska A., Wasilewski M. (2009) Płynność finansowa w małych i średnich przedsiębiorstwach.Zeszyty Naukowe SGGW - Ekonomika i Organizacja Gospodarki Żywnościowej, nr 76: 187-200
Pełny tekst	EIOGZ_2009_n76_s187.pdf
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