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 Issue 35 (December 2018) ​

 

Wojciech Paprocki
SGH Warsaw School of Economics, Collegium of Management and Finance

Technology and the attractiveness of new business models in the digital economy (pdf)

Abstract
Dissemination of new digital technologies is linked with the adoption of new solutions that give shape to relationships between those who offer goods and services in the market and their consumers. In past decades, not all new projects have been commercialised successfully, which explains why one needs to examine the reasons behind a success or failure in putting in place new business models involving elements of digital technologies. This paper discusses a comparative analysis of two cases. Rapid growth of the Californian start-up Airbnb, an operator of a virtual platform in the flat-sharingbusiness that, on the one hand, helps people rent out their properties and, on the other hand, helps travellers find short-term lodging is an example of global success. The non-implementation of the Energy Citizen project demonstrates that, despite a number of advantages, the prosumer model in generating and consuming energy from renewable energy sources so far has fallen short of success. Comparative analysis has helped us to conclude that to be commercially successful in the digitaleconomy one needs a virtual platform operator capable of finding a business model attractive to all operators in a selected market segment. Ensuring benefits to consumers as well as to operators whooffer their goods or services in the market is the pre-condition.

Keywords: digital economy, new business models, flat-sharing, renewable energy sources
JEL Classification Codes: O11, O33, O50, P18

Iwona Franczak
University of Economics in Katowice, Faculty of Finance and Insurance, Department of Accounting


Abstract
This article discusses local government finances in Poland and the scope of budget implementation statements taking into consideration literature analysis and regulation interpretation. In provingthe research hypothesis as being valid, the project confirms that budget implementation statements of local governments give rise to the formation of judgements regarding said local government finances. Toward this end, the study assessments have quantitative values initially based on basic descriptive statistics, further developed through the application of Pearson’s correlation coefficient and Spearman’s rank-order correlation coefficient.

Keywords: budget implementation statement, local government finances
JEL Classification Codes: H720, M41

Aneta Kosztowniak
K. Pulaski University of Technology and Humanities in Radom

Changes of inward and outward FDI stocks in Poland and the stage of the investment development path (pdf)

Abstract
The aim of the paper is to analyze changes of inward and outward foreign direct investments (FDI) stocks in Poland in the years 1994–2016 in the field of the theory of J. H. Dunning`s investment development path (IDP). The following research hypothesis was adopted: If a persistent reduction of net outward FDI stock (NOI) to 0 is accompanied by economic growth (GDP growth, GDP per capita, structural changes in the economy), then it will be possible to achieve stage 3 of the IDP. The results of empirical research indicate that the changes of NOI accompanying economic development in 1994–2016 were insufficient to confirm full advancement of IDP stage 3 in Poland. We do not observe a definite change in the NOI and economic development stage from stage 2 to 3. Nevertheless, we can support that some changes occur that prove that the economy is at the beginning of stage 3, as the following symptoms are observed: a drop in the levels of NOI, NOI per capita and an increase in the outward performance index (OPI). Considering that stages 1 and 2 continued nearly for 10 years each, the confirmation of stage 3 is likely after 2022. Then we will have empirical data for the period 2013–2022.

Keywords: FDI, GDP, Investment Development Path, NOI, OPI
JEL Classification Codes: C50, F21, F37, F43, O11, O47

Elżbieta Wrońska-Bukalska
Maria Curie-Skłodowska University in Lublin, Faculty of Economics


Abstract
The aim of the paper is to identify the relation between managerial overconfidence, managerial power and dividend decisions. We have implemented the survey to detect managerial overconfidence. We collected 145 answers with financial data covering 2010–2015. We employed the managerial share in ownership as a proxy for managerial power. We found that managerial power enhances to reveal the overconfidence in dividend decisions. We also found the pattern of behaviour of an overconfident manager having more power: more frequent dividends are paid out, but if dividend is paid out, the level and ratio of the dividend is lower.

Keywords: overconfidence, managerial power, dividend payment
JEL Classification Codes: G34, G35, G41

Krzysztof Opolski
University of Warsaw, Chair of Banking, Finance and Accounting

Joanna Podgórska
University of Information, Technology and Management in Rzeszow, Department of Finance

Małgorzata Leśniowska-Gontarz
University of Information, Technology and Management in Rzeszow, Department of Management

Quality criterion in measuring the efficiency of health facilities (pdf)

Abstract
The paper describes one of the most popular methods of estimating the efficiency of health facilities – DEA (Data Envelopment Analysis). We highlight its practical and important role in examining the efficiency of health facilities. At the same time (by adopting a critical approach to the methodology), we propose to expand it with an additional quality dimension. The DEA method, enriched with the quality dimension, completes the notion of efficiency of a health facility and provides an effective measure for assessing a health facility’s performance. The proposed approach is new and it bridges the gap observed in the approach to investigating into the efficiency of health facilities.

Keywords: efficiency, quality, health facility, DEA method
JEL Classification Codes: I10, D0

Marzenna Dębowska-Mróz
University of Technology and Humanities in Radom, Faculty of Transport and Electrical Engineering

Ewa Ferensztajn-Galardos
University of Technology and Humanities in Radom, Faculty of Transport and Electrical Engineering

Renata Krajewska
University of Technology and Humanities in Radom, Faculty of Transport and Electrical Engineering

Andrzej Rogowski
University of Technology and Humanities in Radom, Faculty of Transport and Electrical Engineering

Analysis of the use of public transport in Radom (pdf)

Abstract
An efficient transport system in cities requires rational separation of transport tasks. Determining the mode of travel and preferences of the choice of means of transport enables shaping commuting behaviours. Research on the mobility of public transport is of particular importance. Filling measurements are the basis of many analyzes, enabling the characteristics of passenger flows in the quantitative and qualitative aspect, performance of transport efficiency assessment of individual lines. The aim of the article is to present the results of a survey conducted among drivers of public transport buses. These tests included information on filling and passenger exchange in the means of transport of individual bus lines in Radom. The results of the surveys carried out in households were also presented, thanks to which the motivation behind source-destination journeys of the inhabitants of Radom with the use of public transport was analyzed.

Keywords: bus, commute, public transportation, vehicle occupancy indicator, bus occupancy, traffic, transportation demand, transportation modes, travel behaviour, travel demand, average number of journeys, destination of journeys
JEL Classification Codes: R41, R410