Dear Reader,
We present you with the 44th edition of the Journal of Management and Financial Sciences.
This edition contains important and current issues concerning challenges in organisations, issuing bonds by Polish companies and the role of the public and private sector in creation of the local centres in urban neighbourhoods, hubs concentrating services and amenities indispensable for modern city life.
In the first paper, Mateusz Juchniewicz, Dorota Luba, and Monika Mądel aim to identify the major challenges faced when implementing significant changes in an organisation using two case studies as an example. The first case study concerns a change to the Agile approach in the organisation’s operations, while the second one refers to the implementation of the Design Thinking concept in the work of project teams. The obtained results have become a starting point for more in-depth studies on change management focused in particular on factors contributing to organisational change success or failure and the role of individual stakeholders in the process.
The first objective of the next paper by Czesław Bartłomiej Martysz and Agnieszka Kołyszko was to determine what makes Polish companies decide to issue bonds. The second objective was to examine the key factors determining the interest rate of bonds. The research was based on public bonds, listed in the Polish Catalyst bond market. In their research, the authors found that the size of a company and the level of its financial leverage are the main incentives for Polish companies to issue bonds. Moreover, the size of the issuer and the level of its financial leverage are the key factors determining the bonds margin.
In the last paper, Katarzyna Sadowy investigates the role of the public and private sector in creation of the local centres in urban neighbourhoods, hubs concentrating services and amenities indispensable for modern life. The analysis is based on the case study of the Ursynów district in Warsaw, designed and constructed mainly in the 1980s, but with several infrastructural, housing, and commercial investments realised after 1989. The study encompassed the location of local centres, their functions, and spatial forms. The results of the study also show the evolutionary nature of the local centres’ development.
We hope that the content will make a valid contribution to the development of economic thought and contribute to a deeper understanding of complex issues discussed in it. We wish you a pleasant reading.
Ryszard Bartkowiak,
Chairman of the Scientific Council
Michał Matusewicz,
Vice-Chairman of the Scientific Council and Vice-Dean of the Faculty