We are pleased to present you with the 37th edition of the Journal of Management and Financial Sciences. This edition is devoted to issues related to financial stability, investments methods or expenditure on education.
The articles contained in the current issue were written by representatives of leading academic centres from Poland. They constitute the result of theoretical studies, deeply embedded in empirical research of the Polish, European and world economy.
The aim of the first article by Piotr Komorowski is to determine the importance of the role of financial stability for maintaining economic security and economic growth and to validate the role of the Safety Network Institution in maintaining stability.
Andrzej Tokarski and Maciej Tokarski as the aim of their article set the presentation of the kinds of restructuring proceedings, taking into account their characteristics, advantages and disadvantages, benefits and threats, resulting from the multitude of restructuring proceedings including an analysis and statistics concerning the analysed phenomenon in the Polish economy in the years 2016–2018.
The next article by Hanna Banaszek considers the actual impact of the Fukushima accident on the marine life along with the relevant recovery and remediation measures aimed to limit said impact, all in the light of the provisions of UNCLOS.
Ana Machidon in her study attempts to approach two angles of spending on education: to study and analyse public expenditures in education and in what budget proportions are these spent, and the other is to find out whether there exists a relationship between expenditures in education and government revenues; if yes, to what extent the revenues have an impact on the expenditures in education.
The purpose of the paper by Maria Anna Belka is to explore different funding sources for young technology-based companies at different stages of their development and their various characteristics, basing on a literature review and desk research analysis.
In the last article Wojciech Sabat and Tomasz Pilewicz survey empirical research on business location decisions which include the behavioural aspect. They conclude that entrepreneurs appear to be biased towards choosing locations in their place of residence and are reluctant to make complicated location analysis. They also indicate the research gap – a lack of research on the impact of heuristics on location decisions.
We hope that the content will make a valid contribution to the development of economic thought and lead to a deeper understanding of complex issues discussed in it. 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