Financing innovative business investment in Poland

Goujard, Antoine; Guérin, Pierre

doi:10.1787/d7605f72-en

Cited by 3 publications

(3 citation statements)

References 11 publications

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“…It is empirically confirmed that innovation activity of SMEs is limited by the accessibility of sufficient funds (Goujard and Guérin 2018;Hall 2010). In this respect, this study contributes to the ongoing debate on SMEs financing decisions and the existence of financing (capital) gap (Angilella and Mazzù 2015;De Moor et al 2016;Hottenrott and Peters 2012).…”

Section: Introductionsupporting

confidence: 61%

“…Moreover, it seems that the system interventions mechanisms should not pursue a defined financing mix for the implementation of a given type of innovation. The core element of these mechanisms should be based on the alternative market-based financing instruments, which are crucial for access to the long-term sources of funds, as noted by Goujard and Guérin (2018).…”

Section: Discussionmentioning

confidence: 99%

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Innovation in SMEs and Financing Mix

Błach

Wieczorek-Kosmala

Trzęsiok

2020

JRFM

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This study addresses the types of innovation activity of SMEs (Small and medium-sized enterprises) in the European Union and its association with financing decisions. The main objective is to capture the cross-country differences in the types of innovation in SMEs and then investigate the relationship between the types of innovations and relevance of a given type of funding. In the empirical examinations, we use the non-parametric methods, due to the nature of the data. We have found out that there are differences in the types of innovation activity of SMEs in the cross-country dimension. We have also confirmed the contingencies between the types of innovations undertaken by SMEs in each cluster of the European countries, which suggests that various types of innovations co-exist. However, we have not found any unified pattern of correlations between the relevance of a given source of financing and a given type of innovation. Our study contributes to the ongoing debate on the different intensity of innovation activity of SMEs, as linked to the problem of the SMEs financing gap as one of the fundamental drivers of innovation.

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Section: Introductionsupporting

confidence: 61%

Section: Discussionmentioning

confidence: 99%

Innovation in SMEs and Financing Mix

Błach

Wieczorek-Kosmala

Trzęsiok

2020

JRFM

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“…However, the public and private capital stock is weak, and investment remains focused on the adoption of existing technologies, which weighs on future productivity gains and innovation. Many microenterprises have low productivity, and structural bottlenecks reduce start-ups' growth and their chances of survival [2].…”

Section: Resultsmentioning

confidence: 99%

Accounting control of capital investment management: realities of Ukraine and Poland

Hutsalenko¹,

Wasilewski²,

Mulyk³

et al. 2018

EA-XXI

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The authors overview macroeconomic indicators of Ukraine and Poland. Being the basis of capital investment, they facilitate further increase in agricultural output in the system of strategic agricultural management. The article compares the indicators of Ukraine and Poland and researches the countries' agricultural prospective. It has been found that capital investment is required by business entities in order to realise their potential. The authors have identified regulatory tools ensuring control and accounting of capital investment in the international media and the accounting systems of Ukraine and Poland and carried out a comparison of the regulatory tools for accounting of capital investment in the international accounting system (International Accounting Standard 16 «Fixed Assets»), Ukrainian accounting system (Accounting Standard 7 «Fixed Assets») and Polish accounting system (National Accounting Standard 11 «Fixed Assets»). The article describes both common and distinctive features of certain parts of the abovementioned regulations and proves that the regulatory tools are to provide local and international investors with a legal framework with regard to changes in fixed assets in order to avoid and reduce investment risks. For instance, the comparison of the notion «fixed assets» in the International Accounting Standards and the National Accounting Standards of Ukraine and Poland proves their similarity. However, differences should be considered as well. The difference between the Polish Standard and IFRS in the valuation of a fixed asset on a balance day lies in the fact that according to IFRS fixed assets are evaluated at fair market prices, whereas the Polish Standard allows asset revaluation by a historic price (expenditure on construction or purchase). The Polish Standard only allows the revaluation of the fixed asset based on a particular regulation. The article investigates the dynamics of capital investment financing in both Ukraine and Poland, and identifies the total share of the countries' capital investment, including government funding in agriculture, forestry and fishery. In particular, the authors of the article have researched international accounting and control standards ensuring the functions of control over controlling bodies and capital investment. The authors have developed a model of informational tools and impact factor management in the process of investing in agricultural business. Consequently, relationships between different parts of the model, namely informational tools (accounting, control and analysis), investments (internal and external), parties involved (investors, manufacturers, etc.) and risks at micro-and macro levels have been identified. It has been proved that taking these parts into consideration will contribute to the investment attractiveness of businesses in Ukraine and Poland.

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Organizational Climate as a Mediating Factor Between Occupational Stress and Prosocial Organizational Behaviours in Knowledge-Based Organizations

Oleksa-Marewska¹

2020

ERSJ

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Purpose: The present article aims to analyse the relationship between the stress experienced by the employees of knowledge-based organizations and the desire to demonstrate prosocial organizational behaviours, which are fundamental for knowledge sharing, as well as to examine the mediating effect of the organizational climate on that relationship. Design/methodology/approach: An empirical, quantitative study was conducted among a sizable sample of knowledge workers (N=677) employed in over 150 knowledge-based organizations operating in Poland, which is the country with a strong knowledge-based economy. Two psychometric questionnaires and one author's own questionnaire were used. To verify the hypotheses, multiple linear regression and mediation with bootstrapping analyses were conducted. Findings: The results of statistical analyses demonstrated that there is a negative correlation between the level of occupational stress and engagement in prosocial behaviours. Also, this relationship is fully mediated by an assessment of the organizational climate, especially the quality of communication, relations with colleagues and work organization. Practical implications: The research results provide pragmatic guidelines for management practices in knowledge-based organizations, ones that may contribute to increasing prosocial organizational behaviours as a basis for information and knowledge exchange in the knowledge-based economy. It is particularly important to ensure the reduction of stress level; it is also vital to improve communication and relations between personnel and to make the organization and control of work more flexible. Originality/value: This research significantly expands the literature on prosocial organizational behaviours, organizational climate and occupational stress, which is of a great importance in the knowledge-based economy. Moreover, the results show that, despite other research, there are organizational factors more significant than management style and approach, which are crucial for performing prosocial organizational behaviours.

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Financing innovative business investment in Poland

Cited by 3 publications

References 11 publications

Innovation in SMEs and Financing Mix

Innovation in SMEs and Financing Mix

Accounting control of capital investment management: realities of Ukraine and Poland

Organizational Climate as a Mediating Factor Between Occupational Stress and Prosocial Organizational Behaviours in Knowledge-Based Organizations

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