Collegium of Management and Finance has been publishing the scholarly periodical "Journal of Management and Financial Sciences" 2008. It includes articles in the English language of a particular scientific value on crucial issues of economy, finance and management. Due to the close links between economic and other sciences, the editor accepts a variety of different research approaches. The thematic profile is also diversified. There are both theoretic analyses and those referring to national economies, business sectors or groups of business entities. JMFS are indexed in the following scientific databases: CEJSH - The Central European Journal of Social Sciences and Humanities, IC Journals Master List, BazEkon, PBN - Polska Bibliografia Naukowa. JMFS adheres to the core practices of COPE (Committee on Publication Ethics). A submitted article is sent to two reviewers who are outside the Warsaw School of Economics in accordance with the procedure "double-blind review proces.
No 40 (2020): Journal of Management and Financial Sciences
We present you with the 40th edition of the Journal of Management and Financial Sciences.
We hope that its content will make a valid contribution to the development of economic thought and contribute to a deeper understanding of complex issues discussed in it.
The influence of the private equity sector on contemporary economy is quite significant.
This is why the first paper by Olga Mikołajczyk and Bartosz Owedyk attempts to examine mechanisms private equity investors apply in order to increase the value of their investments. Their literature review identified the most fundamental elements of creating value on the basis of empirical, academic studies that verified hypotheses regarding the influence of particular mechanisms on the process of value creation in private equity investments. The paper is mainly based on the review of the foreign-language literature.
The following article by Arkadiusz J. Derkacz is an attempt to answer a question in the context of the theory of institutions: What are the reasons for the existence of various forms of transaction organisation and ways of their implementation within the company? The presented considerations, through the theoretical meanders of neo-institutionalism, ultimately lead to the localisation of institutional determinism, which shapes the way transactions are carried out within the company. Such a context of social and economic reality observed within the frame of the company has become a contribution to the emergence of the question which inspires the author’s scientific work within the scope of the new institutional economics.
In the next paper, Savvas Zachariadis addresses the issue of financial crises. The author focuses on the causes and implications for the world economy and financial stability. For this reason, the author attempts to identify the relative phenomena that encourage the emergence of financial crises. The amplification of the financial sector at the international level and the high degree of financial integration render the debate of financial crises solemnly significant.
In her article, Kateryna Vaskivska determines the main concepts of the term ‘region’ and analyses the term ‘innovation’. She emphasises the problem of the regional innovation system’s place and role in the development of a given region and its internal potential, in its competitiveness, too. The author proposes the diagnostics model of innovation product implementation and makes the comparison of innovation indexes, which are identified at the level of an individual country or its group. The Polish experience of the regional innovation system development under decentralisation changes in the country has been explored, too.
We wish you a pleasant reading.
Chairman of the Scientific Council and Dean of the Faculty
Vice-Chairman of the Scientific Council and Vice-Dean of the Faculty