The development of higher education (HE) is amongst topical issues. The modern society recognises that the most valuable capital is a human being with his/her intellectual potential and this has become the main resource for social and economic development. The important component of the HE...

Firms with low credit risk realize higher returns than firms with high credit risk. This credit risk effect in the cross-section of stock returns is a puzzle because investors appear to pay a premium for bearing credit risk. A higher credit risk can reduce a propensity to invest. The basic goal...

The 1980s saw popularisation of the management paradigm requiring that employee intellectual potential should be noticed and used. The subjective approach to employees is fully reflected in the empowerment process. The definition scope of the analysed notion has not been unambiguously delineated...

Research background: Knowledge management is currently one of the most important factors determining the company's market position. It depends not only on the skilful use of resources, but also on obtaining a synergistic effect. To manage knowledge, managers must possess not only the appropriate...

Research background: Regions that are able to use their resources in the most efficient way could be perceived as valuable benchmarks when shaping socio-economic policy. The efficiency, however, can be related not only to pure economic categories but to social goals as well. These two...

Research background: Foreign direct investment is perceived as a valuable tool for economic growth. The growth could be realized less and more as a set of benefits depending on the FDIs features. In the period from 2009 to 2014 it is noticed a remarkable increase in the share of FDIs inflow in...

Research background: Relationship marketing has been capturing the interest of scholars and practitioners since this term was first brought to light by L. L. Berry and T. Levitt in 1983. Numerous publicationsand billion - dollar software industry validate its vitality, but plethora of...

Research background: Today countries have realized the importance ofsmall and medium enterprises (SMEs) to economic and social development. Entrepreneurship currently provides the most critical source of economic growth for countries. In most countries women own about 30% of small businesses....

Research background: The actual position of a country in the international division of labour is determined by the competitiveness of its trade, the structure of which may both reveal and perpetuate the comparative advantages possessed. This is particularly true for Dutch disease economies such...

Research background: The investor`s expectation of better performance in case of more expensive mutual funds seems natural and fully justified. However the arise of passive funds and their surprisingly good results, especially when compared to their low fees, triggered the discussion. Recent...