The concept of Net Present Value (NPV) is a widely accepted tool for verification of financial rationality of planned investment projects. Projects with positive NPV increase a company's value. Similarly, those with negative NPV lead to a decline in the value of a business. This article attempts...

The paper examines the influence of the business cycle on working capital management strategies based on evidence from the Polish corporate sector. By exploring the interrelation between working capital investment and profitability ratios, we attempt to define the respective transmission...

The paper presents an empirical verification of the main assumptions underlying the calculation of terminal value in DCF valuation models. The test results suggest that the volatility of free cash flows and the dynamism of the operating environment do not allow us to make a reliable long-term...

Purpose: Relying on a unique proprietary Polish office market space database, the paper attempts to quantify the impact of buildings' age on the financial performance of real estate assets. Design/methodology/approach: Panel econometric modeling was utilized to disentangle the impact of...

Purpose: This study aims to elucidate the role of social ties in facilitating the career progress of senior officers within public companies in an emerging market. Design/methodology/approach: The authors followed the career track of 2,151 senior officers serving on management and supervisory...