scholarly journals The Impact of the Economic Situation on Individual Consumption in Poland in 2015–2019

2021 ◽  
Vol 55 (3) ◽  
pp. 101-115
Author(s):  
Genowefa Sobczyk
Keyword(s):  
Economic Situation ◽  
Individual Consumption ◽  
The Impact

Particularities of the independent auditor's report on reliability of accounting (financial) statements for 2019: COVID-19 as qualitatively essential information (Part 2)

2020 ◽  
Vol 23 (7) ◽  
pp. 777-799
Author(s):  
O.I. Shvyreva ◽  
Z.I. Kruglyak ◽  
A.V. Petukh
Keyword(s):  
Financial Reporting ◽  
Financial Statements ◽  
Economic Situation ◽  
Risk Disclosure ◽  
Essential Information ◽  
Logical Method ◽  
Annual Reporting ◽  
The Face ◽  
Key Aspects ◽  
The Impact

Subject. This article discusses the issues related to the practice of financial reporting in the face of uncertainties caused by the coronavirus contagion, as well as the specifics of the audit strategy and formation of an audit opinion on this reporting. Objectives. The article aims to identify the quality characteristics of financial reporting prepared in the context of the COVID-19 pandemic and justify the key aspects of assurance engagement completion in an extremely uncertain epidemiological and economic situation. Methods. For the study, we used an abstract-logical method, content analysis techniques, systematization, and classification. Results. Analyzing the impact of the extremely uncertain epidemiological and economic situation on financial statements, the article clarifies aspects of disclosure of events after the reporting date and threats to business continuity in the annual reporting of economic entities. The article identifies possible alternative procedures and algorithms to obtain proper evidence when it is insufficient in the face of the inability to meet certain audit standards requirements in a remote audit environment. The article defines the impact of COVID-19 risk disclosure on the structure of the audit report and opinion. Relevance. The results of the study can be used in the practical activities of economic entities that prepare financial statements in the face of significant uncertainty, as well as auditors and audit organizations.

The Economic Situation

1959 ◽  
Vol 4 ◽  
pp. 3-24
Keyword(s):  
Economic Situation ◽  
Western World ◽  
Industrial Countries ◽  
The Impact

The latest evidence strengthens the view that recovery is well under way in Britain and that the forces of recovery are spreading through the western world. In most industrial countries demand and activity are rising rapidly. Although the primary producing countries have not yet experienced much recovery in their export earnings, the impact of the recession on them is waning.

scholarly journals The Influence of Interest Rate Liberalization on Commercial Banks and Its Countermeasures

2020 ◽  
Vol 9 (1) ◽  
pp. 34
Author(s):  
Mengting Jiang
Keyword(s):  
Economic Development ◽  
Interest Rate ◽  
Commercial Banks ◽  
Economic Situation ◽  
Financial Reform ◽  
Interest Rate Liberalization ◽  
Loan Spread ◽  
Current Economic Situation ◽  
The Impact

<p>The liberalization of interest rate is an important part of the financial reform in China under the current economic situation, and it is the inevitable result of the economic development of China to a certain extent. With the deepening of interest rate liberalization reform in China, commercial banks have been affected to a certain extent; the deposit and loan spread, which accounts for the main income of commercial banks, has been narrowed, and the profit space of commercial banks has been further reduced. Therefore, this paper discusses the impact of interest rate liberalization on commercial banks and the choices that commercial banks should make under this situation.</p>

scholarly journals Systemic Approach to Evaluating External Factors Influencing the Resource Potential of the Catering Industry

2021 ◽  
Vol 2 (48) ◽  
pp. 143-148
Author(s):  
M. M. Kucher ◽  
◽  
H. P. Levchenko ◽  
Keyword(s):  
External Factors ◽  
Economic Situation ◽  
Business Practices ◽  
Labor Costs ◽  
Resource Potential ◽  
Factors Influencing ◽  
Catering Industry ◽  
Indirect Impact ◽  
Business Entities ◽  
The Impact

One of the defining sectoral features of the catering business as a component of a national economy is its increased sensitivity to changes occurring in the economic situation, environment and business practices. It is a priori impossible to take into account the absolute majority of factors influencing the process of resource potential formation, so it is necessary to determine the set of those factors that have a direct or indirect impact on the catering business in general and resource potential in particular, as well as on the formation of their comprehensive evaluation system. The article is aimed at evaluating the impact of these factors on the resource potential of enterprises in the catering industry. The macroenvironment is analyzed as a set of external factors of indirect impact by the following indices: GDP, investment, consumer price index, household income. The dualistic nature of the impact made by external factors of indirect impact is established, whereas these factors can be both opportunities and threats to the catering industry depending on certain criteria of the international economic situation. A comprehensive analysis of the meso environment from the standpoint of dividing impact factors in two groups: the market group (number of business entities in catering industry; gross output and volume of sales of goods; price indices for goods and services) and resource group (financial results of the catering industry and services; investment volume and structure in this area; employment and labor costs; information technologies usage). The presence and hidden sources by types of resources are established. Synthesis of the impact areas of external factors on the activity of catering business entities is made based on a symbiosis of the following methods: PEST-analysis, SWOT-analysis, PESTEL-analysis. A set of evaluation areas of factors influencing the formation of the resource potential of an enterprise is created, providing for the application of the distribution criterion depending on the area of evaluating external factors of indirect impact. The general economic indicator (GDP) is suggested to be used as a distribution criterion, whose range of values will indicate the transition of a particular index to the plane of "threat" or "opportunity".

Can donations be too little or too much?

2020 ◽  
Vol 55 (1) ◽  
pp. 271-296
Author(s):  
Marc Mazodier ◽  
Francois Anthony Carrillat ◽  
Claire Sherman ◽  
Carolin Plewa
Keyword(s):  
Charitable Giving ◽  
Economic Situation ◽  
Target Market ◽  
Content Type ◽  
Optimal Interval ◽  
Corporate Giving ◽  
Csr Image ◽  
Consumer Attribution ◽  
The Impact

Purpose Charities depend on giving behaviors of organizations to fulfil their purpose, whereas corporations seek to improve their image in return. Accordingly, the purpose of this research is to investigate optimal donation thresholds for organizations to enhance their corporate social responsibility (CSR) image. Design/methodology/approach Experiment 1 (N = 482) tests whether CSR image improves with donation amount up to the point at which it becomes excessive (H1) and whether this point differs between firms in a positive versus negative economic situation (H2). Experiment 2 (N = 432) examines the role of consumer attribution of firm motives through mediation of these effects (H3), while also exploring consumer donation expectations by testing an “undefined” amount. Experiment 3 (N = 400) validates the role of attributions through the moderating effect of motives. Findings The experiments demonstrate an optimal interval between inferior and superior donation amounts that maximize the impact of corporate giving on CSR image through the attribution of society-serving motives. Furthermore, the economic situation of the company alters these thresholds – higher donations are required to positively influence the CSR image when the company is in a favorable situation. Research limitations/implications This research answers a long-term call to provide more reliable tools on which to base charitable giving decisions. It also identifies perceived donating motives as the psychological process underlying consumers’ response to donation magnitudes. Practical implications The authors determine psychological donation thresholds by examining amounts perceived as insignificant in comparison to excessive and provide managers with an easy-to-implement method to determine optimal donation amounts from their target market. Originality/value By examining charitable giving at the micro-level, this research provides practical advice to companies on how to determine, ahead of time, how much to donate and what exactly to communicate in which economic situation.

scholarly journals РОЗВИТОК ТУРИЗМУ ЯК ОДИН ІЗ ПЕРСПЕКТИВНИХ НАПРЯМІВ ПОДОЛАННЯ МАКРОЕКОНОМІЧНИХ ПРОБЛЕМ КРАЇНИ В УМОВАХ ТРАНСФОРМАЦІЇ СУСПІЛЬСТВА

2014 ◽  
pp. 140-143
Author(s):  
І. І. Шупик
Keyword(s):  
Economic Development ◽  
Quality Characteristics ◽  
Tourism Industry ◽  
Economic Situation ◽  
The Public ◽  
Wide Range ◽  
Socio Economic Development ◽  
The Government ◽  
The Impact

Обґрунтована важливість туристичної галузі якодного з перспективних напрямів вирішення широкогокола макроекономічних проблем у період трансфор-мації суспільства, що дозволить стабілізувати соці-ально-економічну ситуацію у країні й поліпшити які-сні характеристики життя населення. Визначеніпровідні напрями впливу туристичної діяльності нарозвиток країни та причини, що їх обумовлюють.Наголошується, що досягнення поставлених цілейбуде можливим лише за умови послідовних і відпові-дальних дій влади, її постійної взаємодії з громадські-стю, бізнесом. Proved the importance of the tourism industry as one of the promising directions of solving a wide range of macroeconomic problems in the period of transformation of society, which will allow stabilizujace socio - economic situation in the country and to improve the quality characteristics of living. Defined major directions of the impact of tourism activities on socio-economic development of the country and the reasons for their cause. Emphasized that the achievement of goals is possible only if a consistent and responsible actions of the government, its constant interaction with the public, business.

scholarly journals THE IMPACT OF LOCAL GASTRONOMY ON THE DEVELOPMENT OF ECOTOURISM

2021 ◽  
Author(s):  
A.F. Abdurakhmanova ◽  
F.B. Ahrorov
Keyword(s):  
Local Community ◽  
Local Food ◽  
Local Population ◽  
Basic Needs ◽  
Food Products ◽  
Economic Situation ◽  
The World ◽  
The Impact

Local food products of each region play an important role in the development of ecotourism. The availability of facilities for the consumption of local food in places where ecotourism is located is not only to meet the basic needs of tourists, but also to improve the economic situation of the local population. Therefore, this article discusses the food-related characteristics of tourists and the benefits of local gastronomy for both the local community and ecotourism tourists around the world.

scholarly journals Economic Situation in the Manufacturing Sector as an Example of Modern Research in Industrial Geography in Poland

2014 ◽  
Vol 25 ◽  
pp. 38-55
Author(s):  
Wiesława Gierańczyk
Keyword(s):  
Regional Integration ◽  
Manufacturing Sector ◽  
Economic Situation ◽  
Industrial Geography ◽  
External Conditions ◽  
Late Twentieth ◽  
Object Of Study ◽  
The Impact ◽  
Late Twentieth Century ◽  
Central Statistics Office

The article presents change in the object of study of the industrial geography in Poland that took place in the late twentieth century with a context in the internal and external conditions of the functioning of the industrial activities. A kind of barometer of the impact of internal and external conditions for the functioning of industrial units and the scale of regional integration in this area can be achieved by studying the economic situation also known as business tendency. In this paper the author would like to draw attention to the economic condition survey in industry conducted by the Central Statistics Office (GUS) as an example of modern research in the industrial geography in Poland.

scholarly journals THE IMPACT OF THE GLOBAL DOWNTURN ON THE ECONOMIC SITUATION OF THE SME SECTOR IN POLAND

2016 ◽  
Vol 15 (2) ◽  
pp. 235
Author(s):  
Anna Stępniak-Kucharska
Keyword(s):  
Economic Situation ◽  
The Impact

scholarly journals The impact of relations with stakeholders on change management, innovation and competitiveness of the organization on the example of the current economic situation of enterprises in Poland

2020 ◽  
Vol 150 ◽  
pp. 333-345
Author(s):  
Marta WIĄCEK ◽  
Keyword(s):  
Change Management ◽  
Competitive Advantage ◽  
Global Market ◽  
Economic Situation ◽  
General View ◽  
Case Study Methodology ◽  
Current Economic Situation ◽  
Market Situation ◽  
Study Methodology ◽  
The Impact

Purpose: The purpose of this article is to systematize knowledge about organizations' relationships with their stakeholders and to highlight the connection and impact that managing these relationships and functioning in their network can have on them: an organization's capacity for innovation, change management efficiency and competitive advantage. Design/methodology/approach: Approach to the subject of the paper is theoretical in its first part and in the second one is based on the case study methodology conducted in chosen organization in Poland. On the basis of the literature, the basic variables influencing the accumulation of effects that can be achieved by an organization that effectively uses the synergy of all mentioned phenomena have been analysed. The examples of organizations in Poland applying such activities in the current economic situation were cited. Findings: Organisations which deal with difficult market situation should flexibly: use support from their stakeholders, take the risk of innovation and using both of the above try to implement and manage necessary changes efficiently and quickly. All these phenomena as well as the way of dealing with them make coping with hard situation easier. Practical implications: Article’s analysis and general view confirmes the significant economic and business impact on maintaining and increasing the competitive advantage of organizations using all mentioned phenomena to deal with difficulties of global market. Mentioned positive practical effects on enterprises prove how high the potential is created as a result of combining management of relations with stakeholders on competitiveness, innovation and the ability to manage organizational change. Originality/value: The interactions and effects of the impact on the organization of: stakeholders relations, networks and change management – that have already been scientifically described many times were emphasized because only in a few sectors of the economy their’ coexistence and its effects on the organization are clearly visible, observable and possible to describe.

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