DOES CAPITAL DRAIN REDUCE TOTAL FACTOR PRODUCTIVITY GROWTH IN DEVELOPING COUNTRIES?

Halit Yanikkaya, Abdullah Altun This study investigates the effects of foreign direct investment (FDI) and royalties and licence fees (RLF) on total factor productivity (TFP) growth of about 90 countries for the period 2003-2011 for both inward and outward variables. The estimates for the full sample indicate that while inward FDI stocks have no significant […]

IS REPUTATIONAL RISK IMPORTANT FOR BANK PERFORMANCE? EVIDENCE FROM CEE-11 COUNTRIES

Ewa Miklaszewska, Krzysztof Kil, Małgorzata Pawłowska The 2007-2009 revealed the weaknesses of the growth foundation and failure of risk management systems in large global banks. Consequently, there has been renewed interest in the creation of stable and functional risk culture. Protecting a financial institution’s reputation is among the most significant challenges facing financial firms. Thus […]

IS THERE “TOO MUCH FINANCE” IN CENTRAL AND EASTERN EUROPEAN COUNTRIES?

Grabowski Wojciech, Maciejczyk-Bujnowicz Iwona In this paper, the parameters of the growth regression, including different variables measuring the degree of financial development for the Central and Eastern European countries are estimated. Next, the optimal values of specific variables measuring the level of financial development are calculated. The results of the empirical investigation indicate that countrieswith […]

THE ROLE OF A SUBSIDIARY WITHIN THE VALUE CHAIN OF AN MNE – A STRUCTURAL MODEL DEVELOPMENT

Marlena Dzikowska A growing number of foreign subsidiaries nowadays specialize in relatively narrow sets of activities in the multinational enterprise (MNE) value chain and perform different roles in it. The scientific problems addressed in this paper are the potential determinants of the roles that the foreign subsidiaries fulfill in the value chains of MNEs. An […]

ATTITUDES TO INCOME INEQUALITY AS AN ELEMENT OF SOCIAL CAPITAL

Urszula Markowska-Przybyła, David Ramsey This article presents the results of research on an aspect of social capital, i.e. attitudes to inequality, which has seldom been investigated. The aims of this article are to analyze spatial variance in such attitudes within Poland, compare these results with research carried out in other countries, and investigate the nature […]