Editorial

<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Diversification of financial securities is considered a substantial element of portfolio risk. In this context, the construction of an optimal portfolio is an ongoing concern for portfolio managers. This study measures the risk–reward tradeoffs linked to the stock indexes of Germany, Spain, Italy, France, and England. First, the stock indexes are analyzed as individual portfolios and later compared to the hypothetical common equity index. The results show diversification benefits gained from a hypothetical common European stock market. Individual stock prices and trade volumes are collected weekly from January 1, 2008 to December 31, 2018. The results indicate that, on average, the most well-diversified equity indexes are IBEX35, FTSE MIB, and FTSE100. In contrast, DAX, MDAX, and CAC40 on average tend to be less diversified. The diversification risk for DAX, MDAX, and CAC40 decreases from joining a common hypothetical stock market, while for FTSE100, FTSE MIB, and IBEX it increases.</p>
</abstract>

Faculty of Management, Business, and Economics

Assessing the diversification risk of a single equity market: evidence from the largest European stock indexes

<abstract xmlns="http://www.w3.org/1999/xhtml">

<sec><h3>Purpose</h3>
<p>The concept of cultural branding based on various narratives has been established in the marketing literature, but there is a lack of studies linking this concept with brand-related effects. The aim of this paper is to explore and explain the possible relationships between various brand narratives based on the changing meaning of retirement and brand associations.</p>
</sec>
<sec><h3>Design/methodology/approach</h3>
<p>An experimental design was used to test the proposed conceptual model and examine the impact of brand narrative on brand associations. Data were collected using an online survey from a random group of 432 respondents and analyzed using MANOVA.</p>
</sec>
<sec><h3>Findings</h3>
<p>Our research did not confirm that in the case of financial products, brand narratives represented by distinctive retirement cultural codes had an impact on brand associations. Partial relation was found only for brand personality.</p>
</sec>
<sec><h3>Originality</h3>
<p>This is the first study that explores brand narratives’ based on cultural codes relations with brand associations.</p>
</sec>
</abstract>

Wroclaw University of Economics and Business

Don’t tell me stories – the narratives of retirement and their relation with brand associations

<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>This article aims to examine and present trade relations in global value chains (GVCs) and their impact on Polish trade, emphasizing Poland's ability to react to rapid changes in the global economy, as in the case of the COVID-19 pandemic. For this purpose, the author proposed a two-stage study. The first stage focuses on analyzing selected indexes describing the Polish share and position in GVCs against the background of the European Union (EU) and OECD countries. The second stage is related to the analysis of the latest economic trade data and the reaction of Poland, the EU, and OECD to changes in international trade in 2020 and 2021 in the context of GVC. The study uses data from the OECD and WTO Trade in Value Added Database and the Eurostat Database. The relatively quick adaptation of Poland to the world's standards indicates great possibilities for adaptation of the Polish economy. The share of foreign value added in Polish exports was consistent with global trends. The export orientation of Polish production increased during the analyzed period, proving Poland's deep commitment to global production chains. Despite a similar decline in import and export in the first months of 2020, as in the OECD and the EU26, the growth dynamics in the following months were higher in Poland. Many industries in Poland are highly dependent on the smooth operation of GVCs. At the same time, the service sector is gaining importance, and its share in exports is systematically growing. The highly flexible nature of Poland's international trade allowed it to reduce the negative impact of the COVID-19 pandemic on its economy.</p>
</abstract>

aleksandra.nacewska-twardowska@uni.lodz.pl

Poland and global value chains at the beginning of the 21st century – An opportunity or a threat?

<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Lockdowns imposed by the European Union (EU) Member States produced significant consequences in the form of losses to companies, which is why the Member States decided to assist businesses from public funds. This paper aims to identify and initially assess the implementation of schemes under which coronavirus disease-2019 (COVID-19)-related state aid was granted in Poland in 2020 for different instruments and beneficiary sizes. The idea was to find out how well aforementioned schemes responded to the needs of companies affected the most by the COVID-19-inflicted crisis. To this end, statistical analysis was deployed to learn about the share of individual groups of businesses of different sizes in support instruments granted in relation with COVID-19 by type of aid. The study helped to demonstrate that Polish aid schemes approved by the European Commission in 2020 assisted mainly micro- and small-sized companies, which usually suffered from poor liquidity, by predominantly soft instruments.</p>
</abstract>

Forms of COVID-19 state aid by beneficiary size in Poland in 2020

<abstract xmlns="http://www.w3.org/1999/xhtml">

<sec><h3>Paper’s objectives</h3>
<p>The paper aims to identify differences in the perceived benefits of cooperation in domestic and foreign networks achieved by Polish small and medium enterprise (SME) exporters and non-exporters.</p>
</sec>
<sec><h3>Methods applied</h3>
<p>A quantitative study was conducted using computer-assisted telephone interviewing and computer-assisted web interviewing on 240 Polish exporting and non-exporting SMEs. The <italic>t</italic>-test and correlation analysis were used to investigate the phenomena under study.</p>
</sec>
<sec><h3>Findings</h3>
<p>While exporting SMEs attach greater importance to networking with foreign partners than non-exporting ones, domestic partners are of equal importance for exporting and non-exporting firms. Exporting SMEs perceive local business partners to have more influence on their market success than foreign ones. Exporting SMEs benefit more from networking than non-exporting companies.</p>
</sec>
<sec><h3>Originality/value</h3>
<p>The paper compares the importance of local and foreign network partners for the market success of exporting and non-exporting SMEs, contributing to both internationalization and entrepreneurial literature.</p>
</sec>
</abstract>

Who gains more from networking? A comparative study of Polish exporting and non-exporting SMEs

<abstract xmlns="http://www.w3.org/1999/xhtml">

<p>Accelerators have been becoming increasingly popular among young entrepreneurs interested in developing products, attracting investors, or establishing relations with industry represented by large companies.</p>
<p>The focus of the studies is to conduct literature review due to the small number of scientific articles are available on this topic. The article aims to show the current state of knowledge about startup accelerators and the support they provide. It outlines what added value accelerators offer in their programs for young innovative companies.</p>
<p>To achieve the stated aim, the authors combine a systematic literature review with a bibliometric analysis. The results of this research will be helpful in better matching the developed project with existing accelerator programs on the market. It can contribute to a better understanding of the principles governing the programs, program expectations of the accelerator and its partners with respect to the proposed solutions (corporations, business angels, and venture capital funds).</p>
</abstract>

Faculty of Mechanical and Industrial Engineering

Startup Accelerators

AHEAD OF PRINT

Volume 60 (2024): Issue 1 (March 2024)

Volume 59 (2023): Issue 4 (December 2023)

Volume 59 (2023): Issue 3 (September 2023)

Volume 59 (2023): Issue 2 (June 2023)

Volume 59 (2023): Issue 1 (March 2023)

Volume 58 (2022): Issue 4 (December 2022)

Volume 58 (2022): Issue 3 (September 2022)

Volume 58 (2022): Issue 2 (June 2022)

Volume 58 (2022): Issue 1 (March 2022)

Volume 57 (2021): Issue 4 (December 2021)

Volume 57 (2021): Issue 3 (September 2021)

Volume 57 (2021): Issue 2 (June 2021)

Volume 57 (2021): Issue 1 (March 2021)

Volume 56 (2020): Issue 4 (December 2020)

Volume 56 (2020): Issue 3 (September 2020)

Volume 56 (2020): Issue 2 (June 2020)

Volume 56 (2020): Issue 1 (March 2020)

Volume 55 (2019): Issue 4 (December 2019)

Volume 55 (2019): Issue 3 (September 2019)

Volume 55 (2019): Issue 2 (June 2019)

Volume 55 (2019): Issue 1 (March 2019)

Volume 54 (2018): Issue 4 (December 2018)

Volume 54 (2018): Issue 3 (September 2018)

Volume 54 (2018): Issue 2 (June 2018)

Volume 54 (2018): Issue 1 (March 2018)

Volume 53 (2017): Issue 4 (December 2017)

Volume 53 (2017): Issue 3 (September 2017)

Volume 53 (2017): Issue 2 (June 2017)

Volume 53 (2017): Issue 1 (March 2017)

Volume 52 (2016): Issue 1 (December 2016)

Volume 51 (2016): Issue 1 (September 2016)

Volume 50 (2016): Issue 1 (June 2016)

Volume 49 (2016): Issue 1 (March 2016)

Volume 48 (2015): Issue 1 (December 2015)

Volume 47 (2015): Issue 1 (September 2015)

Volume 46 (2015): Issue 1 (June 2015)

Volume 45 (2015): Issue 1 (March 2015)

Volume 44 (2014): Issue 1 (December 2014)

Volume 43 (2014): Issue 1 (September 2014)

Volume 42 (2014): Issue 1 (June 2014)

Volume 41 (2014): Issue 1 (March 2014)

Volume 40 (2013): Issue 1 (December 2013)

Volume 39 (2013): Issue 1 (September 2013)

Volume 38 (2013): Issue 1 (June 2013)

Volume 37 (2013): Issue 1 (March 2013)

International Journal of Management and Economics

 IJME is a platform for scientific discussion and knowledge sharing open for all researchers worldwide.  IJME aims to enhance the body of knowledge in a variety of economic disciplines, such as economy, management, business administration, finance, marketing, logistics, entrepreneurship, etc. IJME is focused on international economic problems and research, however the single country perspective enabling the international comparisons is also welcome.  IJME accepts original works, substantively different from papers previously published or being under review elsewhere.  Rejection Rate   50%   The journal of the SGH WARSAW SCHOOL OF ECONOMICS Archiving  Sciendo archives the contents of this journal in Portico - digital long-term preservation service of scholarly books, journals and collections.  Plagiarism Policy  The editorial board is participating in a growing community of Similarity Check System's users in order to ensure that the content published is original and trustworthy. Similarity Check is a medium that allows for comprehensive manuscripts screening, aimed to eliminate plagiarism and provide a high standard and quality peer-review process. 

International Journal of Management and Economics

Volume 58 (2022): Issue 1 (March 2022)

Editorial

Editorial

Empirical Paper

Assessing the diversification risk of a single equity market: evidence from the largest European stock indexes

Don’t tell me stories – the narratives of retirement and their relation with brand associations

Poland and global value chains at the beginning of the 21st century – An opportunity or a threat?

Forms of COVID-19 state aid by beneficiary size in Poland in 2020

Who gains more from networking? A comparative study of Polish exporting and non-exporting SMEs

In-depth Literature Review

Startup Accelerators

Search

All Volumes and Issues in this Journal