Moral hazard in an organization occurs when people make decisions and take a high risk for their own benefit, given that they would not have to bear all the negative ensuing consequences should they occur. This risk transferred to third parties is generally due to the catalysts that foster this...

While macroprudential policy has mostly focused on the role of banks, we argue that pension funds are also important for financial stability. Drawing on previous research on pension funds, we explain how their actions can have a vital impact on other financial institutions as well as on...

In diesem Beitrag geben wir einen Überblick über die Beamten-Pensionsfonds der Länder in Deutschland. Die Fonds wurden zur Deckung künftiger Pensionszahlungen an die Beamten angelegt und unterscheiden sich in Konstruktion, Anlagestrategie und Volumen spürbar zwischen den Ländern. Wir gehen...

The aim of the article is an identification of key sources of an innovative character and their conditioning in contemporary Polish economy. In the discussion, it is stated that consumers - the smallest, but the most numerous economic unit - through their expectations of the way / form of...

The past quarter century has witnessed many developments in the research and practice of managing human resources in the United States. In this article, we briefly describe two major areas in which these developments have been unfolding: strategic human resource management and international...