165 research outputs found
New order in banking
Corporate Governance in the Banking Sector; rozdziałThe fi nancial crisis has highlighted many areas of corporate governance failures
system in banks. Currently, politicians, regulators, supervisors and environmental
bodies are trying to create the foundations for a new order in banking.
The article presents the key areas of identifi ed irregularities and new regulations
introduced to tighten the system. The main focus is however is on the issue of
ethical culture, which should become the cornerstone of the reforms and to shape
the new rules of corporate governance in banks
Bankowiec jutra, czyli o praktycznym programie kształcenia na Uniwersytecie Łódzkim
Artykuł dotyczy programu kształcenia na kierunku bankowość i finanse cyfrowe, funkcjonującego na Wydziale Ekonomiczno-Socjologicznym Uniwersytetu Łódzkiego. Program ten jest przykładem kooperacji uczelni wyższej z partnerami biznesowymi (mBankiem i Accenture). Przedstawiono podejście przyjęte podczas opracowywania założeń programu: analizę zawodów przyszłości w sektorze bankowym, oczekiwań pracodawców i studentów, standardów oraz dobrych praktyk z wiodących uczelni. W przyszłości będzie duży popyt na „cyfrowych bankowców” – pracowników dysponujących kwalifikacjami zarówno z obszaru finansów, jak i IT, zatem można oczekiwać, że absolwenci z łatwością znajdą zatrudnienie w zawodzie
Społeczna odpowiedzialność przedsiębiorstw – wpływ na zawartość raportów rocznych
The paper outlines the idea of corporate social responsibility, which stresses the role that company has to perform within the society. This idea is being propagated as "stakeholder capitalism". The stakeholders of a company - being very wide group of organizations and
individuals - have influence on company's actions and are influenced by the activities undertaken by a firm. The "stakeholder value" and the "shareholder value" concepts are outlined.
The main issue of the paper is the influence of corporate social responsibility concept on
company reporting. The triple-dimensional framework of reporting is presented, underlining
the necessity of corporate disclosure on financial, environmental and social aspects. The scope of what citizen is entitled to know about company performance is addressed. The examples
of reports within the sustainable development concept are discussed
Rola Komisji ds. Audytu we wspieraniu efektywnego nadzoru korporacyjnego
Ekonomiczne i społeczne problemy nadzoru korporacyjnego - rozdziałOsłabienie zaufania inwestorów do sprawozdań finansowych spowodowane licznymi
skandalami na wielką skalę powoduje negatywne skutki dla rynków finansowych i całej
gospodarki. Zarówno regulatorzy, jak i ciała środowiskowe i zawodowe podejmują wiele działań,
mających skutkować poprawą wiarygodności spółek i przekazywanych przez nie informacji.
Wiele z tych działań odnosi się do zwiększenia nadzoru nad podmiotami gospodarczymi
i procesem sprawozdawczości finansowej, a także do zmian standardów rachunkowości. Niniejszy
referat poświęcony jest zagadnieniom związanym z funkcjonowaniem komisji ds. audytu - organu
wydzielonego z rady nadzorczej, odpowiedzialnego za zagwarantowanie uczciwości sprawozdań
finansowych spółki. Przedstawiono regulacje związane z powoływaniem i działalnością komisji,
omówiono zadania tego organu oraz związane z nimi kwalifikacje osób w nim pracujących.
Zaakcentowano także czynniki wpływające na efektywność pracy komisji ds. audytu.The investors' trust and confidence in financial statements has been weaken after the series
of accounting scandals - this causes negative consequences for the financial markets and
the whole economy. Regulators, as well as professional bodies undertake many actions in order to
restore the credibility of companies and information disclosed by them. Many of those
undertakings relate to the increase the supervision and control over the companies, some concern
the changes in the accounting standards. The paper presents the aspects regarding the activity of
the audit committee - the body formed within the board of directors, being responsible for
ensuring the integrity of financial statements. The regulations concerning the audit committee and
its duties have been outlined, and the qualifications ofthe committee members have been stressed.
Issues relating to the effectiveness of the audit committee have also been presented
Władztwo publiczne – jak wdrożyć zasady corporate governance w sektorze publicznym?
The goal of the paper is to clarify the concept and principles of corporate governance
in the public sector. The starting point for the development of the idea of public sector
governance are the business models (the principles of economic entities management) and
accountability. The concept brings together the characteristics of "New Public Management"
and principles of corporate governance, stressing the necessity of public sector institutions to
be accountable before their stakeholders for their activities and resources used.
The paper describes the structure and components of the public sector governance system
and characterizes its basic principles. The examples of recommendations and codes of good
practices are presented
Dyscyplina rynkowa – czyli czy prywatny monitoring zwiększa bezpieczeństwo systemu bankowego
The article outlines the issues of market discipline - that is the private monitoring and
oversight over banks. Market discipline is considered to be an important component of the
supervisory system, which can significantly influence the stability of individual institutions, as well
as the whole banking system. The paper presents the theoretical considerations about private
monitoring and the possibilities of its widespread application. The recommendations of Basel
Committee on Banking Supervision are discussed. The discussion of conditions for the limits and
the conditions for effective market discipline is the complement for those considerations
Internetowe innowacje finansowe: agregatory i aukcje finansowe
The paper presents two kinds of technological innovations in the financial world: aggregators
and auctions. Those 'inventions' foster entrepreneurship and personal finance management: they
facilitate the access to funds, increase economic know-how and reduce financial costs.
Aggregators offer the complex access to financial services in one place: they group infonnation
about financial products from different institutions; on higher level they also enable the
transactions on-line.
Lending auctions idea is transferred from the scheme of internet auctions of physical goods:
potential borrowers place the tender offer and users interested in lending money bid the amount at a rate regarded as fair concerning the creditworthiness of a borrower. As these are usually peopleto-
people loans, the idea was named sociallending.
Both innovations raise some competitive concerns for financial institutions as they lower the
cost of financial products (mainly loans, but also insurance, investments, leasing, derivatives) and
increase their accessibility for individuals and micro- and small companies
Niematerialne zasoby banków jako źródło ich wartości
The paper discusses the role of intangibles in banks' value creation. It was assumed that
since the banks book value is a close approximation of their net assets value, the observed
difference between market value and book value of banks is a result of existence of resources
not included in the balance sheet which increase the income generation potential of those
entities. The paper presents the main types of intangibles used by banks (including employees,
clients, brands, quality).
The results of the research concerning the information about intangibles disclosed by
banks are also presented. Generally Polish public banks (having the biggest requirements
concerning information disclosure and corporate governance!) disclose very little information
about their intangibles. The potential users of the reports would experience difficulties with
using this information when assessing the ability of value creation in the future
Wartość, której nie ma w bilansie - wewnętrznie generowana wartość firmy
In the contemporary theory of organization management the main goal of enterprise is its value maximization. Value however has many aspects, although in the finance sphere we should accept the market value as the least controversial in this context. In practice market value (or at least its estimations) differs from book value. This results from principles of traditional accounting formulated in the industry age. Companies nowadays operate in the information age, in the Intellectual Capital Age. It makes us look at companies' resources in a very different way: in the way that would allow us estimate the value of intangible resources.
In this article I try to explain the nature of internally generated goodwill - the gap between company's book value and market value. I specify main factors creating goodwill and I indicate examples of metrics, indices and ration allowing their evaluatio
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