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The persistence of traditional approach to the management of small enterprises is the reason why in recent decades the managers of small and large entities have diverged increasingly in their decisions. Business management in the early twenty-first century has been dominated by a concept of focusing business activities on the growth of the business value. The question arises whether it will change the approach of small enterprises to the role of the capital market in their development. The paper shows studies on how small entrepreneurs perceive the capital market in Poland as a potential source of equity capital.
EN
Financing is the main challenge for development of investments of local governments entities in Poland. The aim of the paper is analysis of the sources of investment expenditures financing of local governments of Silesian voivodship with special focus paid on nonrepayable sources. The period of analysis spans from 2006 to 2011. The research was based on data provided by Regional Chamber of Audit (Regionalna Izba Obrachunkowa) in Katowice. The results indicate that the structure of investment expenditiures of particular types of local governments was diversified during the analysed period
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The main purpose of the paper was assessment of the scale of changes in investment expenditures born by local communes considering directions of investments (classification aligned with the classes used for central budget purposes). The research spanned on the period of 2008-2012 being the years of global financial crisis and economic slowdown. The analyses were based on data delivered by RIO and GUS separately for urban, urban-rural and rural communes. The authors measured moreover the similarity between investment share structures for pairs of consecutive years. The assessment of structural changes followed the analysis of share in expenditures on particular classes of economy in total investment expenditures.
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