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Purpose: The aim of the article is to examine the importance of the social aspects of company's reputation assessment for individual investors in the context of their decision-making process in the field of investing in the capital market. Design/methodology/approach: Based on the concept of the multidimensional character of reputation, it was recognized how important social aspects of reputation are for individual investors in the process of making investment decisions, depending on their gender, age and investment experience. Survey research was conducted on a group of 417 individual investors operating on the Polish financial market. Research hypotheses were verified using statistical methods (Kruskal-Wallis and Dunn tests). Findings: The social aspects of the reputation of enterprises are perceived by the surveyed investors as moderately important. However, the importance of the specified aspects (criteria) varies depending on age, gender and investment experience. Research limitations/implications: Our research is limited to individual investors from one country only. Therefore, the obtained results cannot be generalized and treated as representative for this group of investors. Social implications: The results of our research broaden and supplement the knowledge in the area of reputation in relation to individual investors, indicating that the gender, age and investment experience of investors are important when assessing the social aspects of a company's reputation. Originality/value: The study is in line with previous research indicating the growing importance of reputation and its social aspects as decision-making criteria for investors. The obtained results contribute to the agency theory, confirming the attitude and expectations of individual investors towards the management boards of companies. In order to identify the importance of social aspects of reputation for individual investors, an original approach was used to define the social dimensions of corporate reputation (eight criteria were indicated that could be measurably assessed by investors). [ABSTRACT FROM AUTHOR]

Purpose: This article analyses the relationship between the inclusion of the CSR policy in the bank's strategy and the level of stock exchange quotations and financial results (achieved profitability ratios), based on the example of Poland. Design/methodology/approach: The article examined whether socially responsible banks obtain better stock exchange quotations and show higher profitability (improvement of profitability ratios). Secondary data used in the article concern 9 banks. The analysis period covers the years 2009-2019, in which the WIG-RESPECT index was calculated. The control group consists of four banks, two of which did not join the analyzed index, while two more only joined it after 6 or 7 years. Findings: The study leads to the conclusion that CSR has a positive impact on the level of quotations and an improvement of the financial ratios of banks classified as socially responsible compared to the control group. However, just belonging to the group of banks perceived as socially responsible does not guarantee success in the form of higher quotations and an improvement of financial ratios. Research limitations/implications: The sample for comparison is small, and the adopted control group is not fully homogeneous. The study only covered one country and therefore does not take into account the institutional differences between various economies and banking systems. The proposed directions for further research are to find an answer to the question whether the banks that introduced the CSR policy into the strategy with delay improve their results. Practical implications: Banks should include CSR activities in their strategy, as they may bring benefits in the form of increased market quotations and profitability ratios. Exchange investors should take into account the involvement of banks in CSR activities, as they may affect the effectiveness of bank operations and, consequently, the level of their market valuation. Social implications: Since socially responsible banks receive better market ratings and improvement of profitability ratios, it is expected that their activity in this area will develop, which will bring social benefits. Originality/value: A comparison was made of the market valuation and financial ratios of banks, broken down into declaring and not declaring activities in the area of CSR. [ABSTRACT FROM AUTHOR]

The socially responsible companies expect to see improvement of their reputation, an increase in customer loyalty and - in the long perspective - also better financial results. The international studies are ambiguous as regards the correlation between CSR and financial results. The goal of the article is to determine whether in case of the companies listed on Warsaw Stock Exchange, it is possible to ascertain profitability of CSR activities. The article proposes a hypothesis that the financial results of the companies involved in corporate social responsibility undertakings are better than other companies. The analysis covered the companies from the three most numerous sectors on the RESPECT index, including only companies, which have been on the index for at least 5 years and for which it was possible to find a control group (companies comparable in terms of size and business activity not belonging to the index RESPECT). The analysis results are not explicit, however, they indicate to the fact that the proposed hypothesis is not positively verified in case of the analysed companies. [ABSTRACT FROM AUTHOR]

Copyright of Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie is the property of Silesian Technical University, Organisation & Management Faculty and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Research Papers of the Wroclaw University of Economics / Prace Naukowe Uniwersytetu Ekonomicznego we Wroclawiu is the property of Uniwersytet Ekonomiczny we Wroclawiu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Research Papers of the Wroclaw University of Economics / Prace Naukowe Uniwersytetu Ekonomicznego we Wroclawiu is the property of Uniwersytet Ekonomiczny we Wroclawiu and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The paper is devoted to the analysis of the impact of changes in the level of economic growth on the volumes deciding about the condition of public finances. The main hypothesis put forward in the paper is the assertion that the changes of the economic situation affect substantially the state of public finances, causing changes on the level of revenues and expenditures of public sector. The second hypothesis is the assertion that fiscal policy in Poland, in the analyzed period, was of a passive nature. The paper contains data analysis of the period between 2007 and 2015 provided by the Central Statistical Office with the use of correlation rates. Statistically significant negative dependence was observed between GDP growth and expenditures of the State budget, total public debt and government sub-sector debt. Such results indicate the dominance of passive fiscal policy during the analyzed period. [ABSTRACT FROM AUTHOR]

Copyright of Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie is the property of Silesian Technical University, Organisation & Management Faculty and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The level of the groundwater table depends not only on the weather conditions, but primarily on the hydrogeological properties of the substrate and the thickness of the aeration zone. The paper analyzes the relationship between precipitation and the groundwater table level response. For this purpose, weekly datasets of groundwater table levels (Łódź and Ciosny sites) and daily precipitation totals (Łódź-Lublinek and Ciosny) were studied for the period 1999-2013. During the cold half of the year the increase of the groundwater table level was found for relatively small precipitation (< 10 mm per week). On the contrary, in the warm half of the year a much higher precipitation totals (> 20 mm per week) are required for that increase. For the shallower well (Łódź), the groundwater table level response to precipitation is more dynamic. In the deeper well (Ciosny) the lower fluctuations of amplitude and longer response to precipitation were noticed. For the same amount of precipitation, the increase in the groundwater table level for the shallower well is twice as high as for the deeper one. [ABSTRACT FROM AUTHOR]

The main aim of this study was to investigate the variability of high daily precipitation totals between the urbanized area of Łódź and the surrounding rural areas. Data collected at three stations located in the city, on the outskirts and outside of the city were analyzed. According to the indices proposed by the Expert Team on Climate Change Detection and Indices (ETCCDI), higher and more intensive daily precipitation than in the city was observed at the rural station. High precipitation events were associated with air masses passing through western and south-western Europe, according to the HYSPLIT model of backward trajectory analysis. The highest daily precipitation totals were found for the cyclonic circulation. For the station located outside the city, the highest rainfall was observed under the conditions of western and southwestern inflow, however, for the urban stations high precipitation totals were observed during eastern inflow as well. [ABSTRACT FROM AUTHOR]

This study considers the temporal variability of the refractive index of air structure parameter Cn2, which could be considered as the measure of optical turbulence intensity. In addition, the principals of scintillation method were presented. On the basis of scintillometer data, i.e. the averaged path Cn2, the annual and diurnal course of the optical turbulence in the city centre was analysed. The highest frequency of strong optical turbulence (ca. 40%) was observed in spring and summer, with maximum around May and June. In the whole study period, weak turbulence occurred rarely. This might result from the urban heat island, which intensifies the heat exchange between the urban surface and the overlying air. This effect contributes to the enhanced Cn2. Additionally, the increased roughness of urban areas can lead to more frequent generation of mechanical turbulence. [ABSTRACT FROM AUTHOR]

Copyright of Acta Geographica Lodziensia is the property of Lodz Scientific Society / Lodzkie Towarzystwo Naukowe and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie is the property of Silesian Technical University, Organisation & Management Faculty and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Scientific Papers of Silesian University of Technology. Organization & Management / Zeszyty Naukowe Politechniki Slaskiej. Seria Organizacji i Zarzadzanie is the property of Silesian Technical University, Organisation & Management Faculty and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)