Long Term Effects of Bank Acquisitions in Central and Eastern Europe

Author(s):  
Markus Fritsch
2021 ◽  
Vol 24 (3) ◽  
pp. 58-78
Author(s):  
Petra Růčková ◽  
Nicole Škuláňová

Every economic sector, every single industry, every economy, and even every firm has its specific financial structure. Given that it is not possible to examine thousands of individual companies for scientific purposes, it is necessary to at least examine the differences between individual sectors, industries and countries. At the same time, the formation and optimization of the financial structure is influenced by a myriad of diverse factors that financial managers should take into account in their decisions. Thanks to these facts, more and more researches had been created for over half a century. This research expands knowledge in seven selected countries of Central and Eastern Europe – the Visegrád Group, Bulgaria, Slovenia and Romania. The aim of the research is to evaluate, based on the Generalized Method of Moments, the relationship between the six selected factors and the indebtedness level in companies belonging to the agricultural, forestry and fishing industry. The subject of the research is medium, large and very large companies during the years 2009 to 2016. The research deals with the influence of profitability, liquidity, asset structure, economic development, inflation and interest rates on the total, long-term and short-term indebtedness of companies. The main finding of the research is that companies are influenced by both internal and external determinants. However, even though the industry should be neutral, external determinants – GDP growth rates, inflation rates and interest rates – have a more significant impact on the debt level. The results of this research will not only extend current knowledge in the field of corporate finance, but at the same time, the results may be stimulating in setting support rules for public administration and even European institutions, as the selected industry is strongly linked to subsidy policies.


2003 ◽  
Vol 52 (3) ◽  
Author(s):  
Ralph Michael Wrobel

AbstractThe transformation of former socialist economies in Central and Eastern Europe is a still continuing long-term process. Since explanations and political recommendations by mainstream economics have not been sufficient, research on methodology and theory of transformation is necessary still today. In this paper an evolutionary approach will be introduced to explain the phenomenon of “transformation” as borderline case of long-term institutional evolution. In concrete it will be described as adaptive-imitative step within institutional competition caused by “exit” and “voice” in the Hirschman sense, initiated by political entrepreneurs, channelled by cultural restriction and path dependency and - as consequence of the evolutionary approach - independent of scientific valuation.


Geosciences ◽  
2019 ◽  
Vol 9 (2) ◽  
pp. 94
Author(s):  
Anne Carey ◽  
Matija Zorn ◽  
Jure Tičar ◽  
Matej Lipar ◽  
Blaž Komac ◽  
...  

Cave ice samples collected within karstic terrain have major ion and nutrient concentrations showing that the ice originates from local precipitation modified by the addition of Ca2+ and HCO3− from the dissolution of the local bedrock. Isotopic profiles of Paradana Cave ice are similar to those described in other ice caves in central and eastern Europe, where the profiles are developed through the freezing of cave pool or “lake” waters from the top downward during the onset of the cold portion of the year. Stable isotope data suggest future studies may yield a long-term paleo-environmental record for this location.


2022 ◽  
Author(s):  
Matus Adamkovic ◽  
Ivana Piterová ◽  
Denisa Fedáková

In recent years, biobanking infrastructure has been gradually built in Central and Eastern Europe. The long-term success of biobanking, however, depends on the public’s engagement in the process. The available evidence indicates low informedness and hesitancy towards biobanking in CEE. Understanding of driving forces and barriers in laypeople’s participation in biobanking is thus a key challenge. The present paper aims to (1) summarize the available evidence, especially from the CEE countries, on public awareness and willingness to participate in biobanking, (2) provide the results of a systematic review on psychological correlates of engagement in biobanking in CEE, and (3) highlight the most pressing issues regarding the available evidence. In general, public awareness, biobanks’ communication and cooperation, ethical and legal regulations, and institutional/governmental trust seem to determine public engagement in biobanking the most. However, cultural specifics are likely to play a major role. Unfortunately, there is a dearth of behavioral data on this topic for the CEE countries. General recommendations on how to increase laypeople’s participation in biobanking are discussed. For the field to progress, future in-depth research on this topic conducted in the CEE countries is needed.


Author(s):  
Arkadiusz Durasiewicz

<p><em>Due to the fact that the least favorable situation in terms of population is in the countries of Central and Eastern Europe, the article presents the demographic position of these countries, the challenges and risks associated with the demographic crisis, the existing policy guidelines for families and points to the long-term perspective to the next 60 years (graying society). The aim of this article is to present the scale of the demographic crisis but also describe the consequences associated with it, and the challenges faced by each country in the future in the relation to the aging population. The research methods used in this work is desk research, analysis and interpretation of available statistical data and descriptive method based on the available literature.</em><strong><em> </em></strong></p><p> </p>


1997 ◽  
Vol 15 (2) ◽  
pp. 177-186 ◽  
Author(s):  
K Zsamboki ◽  
M Bell

The development of autonomous local self-governments is a critical, albeit often over-looked, element of the long-term transition to democracy in Central and Eastern Europe and the newly independent states of the former Soviet Union. All countries in the region have taken clear steps to pass legislation creating new local government institutions. Such institutional reform is necessary, but not sufficient, for the development of autonomous local self-government. In this paper we present several fundamental criteria which must be satisfied in order to establish and nurture autonomous local self-government. We test these criteria against institutional reforms in Central and Eastern Europe and the newly independent states to gauge the extent to which there has been actual devolution of governmental responsibility from central to local governments. We conclude that, although some individual strands of these fundamental reforms may have received some attention in the current transition process, such attention is more ad hoc than strategic. As a result, the goal of creating autonomous local self-governments has not been achieved. Donor nations and reform elements in each country must think strategically about all dimensions of this local government transition if these changes are to be institutionalized and the transition is to be successful in the long term.


Slavic Review ◽  
2007 ◽  
Vol 66 (1) ◽  
pp. 20-44 ◽  
Author(s):  
Robert Nemes

The subject of this article is the Tiszaeszlár blood libel, one of several sensational Jewish ritual murder cases to unfold in central and eastern Europe in the last decades of the nineteenth century. By focusing on a region far removed from Tiszaeszlár, the article underscores the rapidity with which antisemitic violence traversed Hungary in the early 1880s. In examining the causes, function, and impact of this violence, Robert Nemes demonstrates the centrality of the provinces for understanding the depth and dynamism of political antisemitism in Hungary. Nemes also argues that Tiszaeszlár acted as a formative political experience for many people in the provinces and explores the wider consequences of this event, both in the near and in the long term.


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