Dear Reader,
The 56th edition of the Journal of Management and Financial Sciences presents a diverse collection of articles exploring critical areas of management, finance, and related disciplines, reflecting the ongoing challenges and developments in these fields.
The articles examine critical barriers to the adoption of electric vehicles, the evolution and implications of cashless payment systems, and the quality of voluntary sustainability disclosures in Central-Eastern Europe. Further topics include strategic project portfolio management in the FMCG sector and comparative analysis of default risk in various financial institutions. Collectively, these studies provide valuable insights into current economic dynamics and organisational practices.
The opening article by Joanna Czerepko, Piotr Sliż, and Aleksander Jagiełło aims to identify the disadvantages of electric cars, resulting from their current technological development, and the state of supporting infrastructure, which users perceive as particularly problematic. The severity of each factor was assessed in two dimensions: firstly, by considering the likelihood of each issue occurring according to users’ opinions, and secondly, by evaluating the significance of its potential impact on the respondents. Both assessments are grounded in the perceptions of actual electric car users.
In next paper, Łukasz Marecki tries to understand cashless payments as a new phenomenon by examining their development, economic effects, and technological factors, pointing to a transition from the conventional use of cash to other forms advanced through technologies such as mobile money, blockchain, and biometric identification. The study tackles important questions, such as the effectiveness and openness of cashless technologies, their impact on economic formalisation, and financial inclusion, especially in remote areas.
A study by Milena Byrska aims to identify sustainability reports published voluntarily by companies listed on the stock exchange in one of the Central-Eastern European countries, as well as explore the quality of these reports. Content analysis is used over the 2020–2023 period and the results are interpreted through the lens of mimetic isomorphism. Companies listed on the Warsaw Stock Exchange disclose voluntary sustainability reports.
Another study, by Paweł Cabała, Waldemar Paluch, Sonia Żemła, and Emil Bukłaha, presents an analysis of the strategy implementation process in an FMCG sector company using project portfolio management. The study is based on two methods: a case study and participant observation.
In the last paper, Assil Bnayat examines default probabilities (PD), distance-to-default (DD), and recovery rates (RR) between IFIs and CFIs in the UK, Switzerland, and Turkey in the years 2004–2013. Despite structural differences, their coexistence in these markets allows a comparative assessment of default risk and financial stability.
We believe that the wide range of topics and thorough analyses featured in this issue will enrich academic discussions and encourage future research in management and finance. We hope you find this edition both insightful and engaging. We thank you for your ongoing interest
and readership, and wish you an enjoyable read.
Joanna Wielgórska-Leszczyńska
Chair of the Scientific Council and Dean of the Faculty
Michał Matusewicz
Vice-Chairman of the Scientific Council and Vice-Dean of the Faculty