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nr 10
263-273
EN
In this paper author discussed chosen problems and barriers of Walbrzych development. Walbrzych is the second largest (in terms of the population numbers) centre in the Lower Silesia region. The author analyzed crucial sources and determinants - especially endogenous - in order to strengthen Walbrzych position in the region.
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nr 10
61-70
EN
The article is an attempt to summarize the effects of restructuring health-care units reporting to county self-governments. Examples are the counties of Lower Silesia, where the problems of health care reform are particularly important. It was found that the transition process advanced here is relatively high. Unfortunately, this results in serious debt of county units.
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tom 101
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nr 5
455 – 474
EN
The basic prerequisite for the success of the restructuring is an approved restructuring plan, the acceptance and confirmation of which by court must meet the legal criteria. One of the criteria is the compliance of the restructuring plan with the common interest of the creditors, which is however not defined by law. However, the interests of individual creditors are different, while the shareholders as creditors are in a different position in the process of restructuring. The article is focused on criteria that are applied to a test of creditors’ common interest in respect of conflicts of interest between creditors, and a relationship between the test of creditors’ common interest and the test of the best interest of creditors. With regard to the process of approving the restructuring plan, we also focused on the nature of the creditor’s community and on the legitimacy of the way in which the restructuring plan is approved, whether the creditors with different interests are obliged to be loyal to each other in that community. The article analyses the legal nature of the restructuring plan at the same time. The article is based on the decisions of the Constitutional Court of the SR (hereinafter referred to as the “Constitutional Court”).
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nr 1
63-78
EN
The paper analyses more than a decade of corporate governance development in the Slovak Republic. After the introductory part (Part 1), the second part analyses ownership concentration patterns of the Slovak listed companies. Part 3 focuses on corporate restructuring as developed due to ownership changes. Corporate governance in banking sector is the topic of the Part 4. Evaluation of the impact of management changes on corporate governance system is studied in Part 5.In Part 6 are discussed changes in corporate governance as a consequence of implementation of legislation, regulation and self-regulation. Non-governmental initiatives, supporting the effort for higher transparency on capital market and better corporate governance, are studied in Part 7. In the final part (Part 8), a brief evaluation of expected development in the area of activities initiated at international and supranational levels is outlined.
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nr 3(128)
104-116
EN
In the second half of the 20th century efforts were launched in various countries of the world that led to the creation of the foundations of an organisational system referred to as the 'seed industry', which groups plant breeding and seed producing firms, as well as institutions responsible for the correct functioning of the sector. Progressing globalisation has resulted in the intensification of concentration processes in the seed industry. At present, the world production of seeds is dominated by several firms which operate on the global scale as producers not only seeds but also chemicals for agriculture, and medicines and biotechnological products. Simultaneously, the process of the state's withdrawal from supporting the practical plant breeding has started. Also observable is the growing role of self-government organisations grouping plant growers and producers of seeds, which begin to replace the state in the decision-making processes relating to the seed industry. Since the early 1990s the plant breeding sector in Poland has received assistance amounting to PLN 0.5 billion, for the restructuring of the existing companies. Despite that assistance the share of certified seeds in the total amount of grain used for sowing has decreased to 6% and the share of certified seed-potatoes has slumped to 3%. The export of Polish seeds is far lower than the export of seeds from the Czech Republic or Slovakia. Simultaneously, foreign firms are intensifying their expansion onto to the Polish market. The area of seed plantations of foreign varieties of spring barley is already larger than that of the seed plantations of Polish varieties of barley, whereas the area of seed plantations of foreign varieties of winter wheat is now only slightly smaller than the area of plantations supplying Polish varieties of seeds. Subsidies to plant breeding will be liquidated in 2007. Therefore, there is an urgent need to spin off the plant breeding entities from the existing companies and start ownership transformations using capital provided by foreign investors and/or by the employees-shareholders of the spin off entities.
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nr 9
777-809
EN
In this study published in two parts (see Part I : ibid. Vol. 51. No. 7/8, 608-624.) the authors propose a clarification of the notion of soft budget constraint, which is widely used in analysis of socialist, transitional and market economies alike. The interpretation in the study is broad enough to embrace most existing approaches to soft budget constraint phenomena and provides a classification of the causes and consequences of these. In the light of this, the study goes on to review the theoretical literature on the subject and compare it with work on other dynamic commitment problems in economics.
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