This research project gives an overview of the Polish pension system. It provides an analysis of the development of the public and private social security system since its reform in 1999. This paper also describes privately managed pension funds in Poland and briefly discuss its impact on the...

This paper provides a comprehensive overview of all aspects of the Polish financial system development since 1995. The study shows the recent financial system development in Poland and discuss the ongoing changes in the structure of the banking, insurance and pension sector as well in the...

This paper describes the trends in foreign bank ownership across the world and presents, for the first time, empirical evidence on the causes of multinational banks' withdrawal from other countries. Using maximum likelihood estimation techniques and data on 81 closed foreign bank subsidiaries...

We examine whether foreign-owned and government-owned banks in Central and Eastern Europe reacted differently during a domestic systematic banking crisis and the global financial crisis of 2008. Our panel dataset comprises data on more than 400 banks for the period 1994-2010. Our analysis shows...

This study investigates the relationship between politically connected firms and their access to bank financing in a post-communist eras in Poland. Overall, it finds that “recent” political connections do influence access to bank financing and the value of such connections increased during...

Polish Abstract: Ten raport prezentuje pełne wyniki badania nad realizacją interesów grupowych w procesie legislacyjnym w Polsce, które zostały przeprowadzone na próbie 1365 ustaw uchwalonych w latach 1990-2011. Takie badania zostało przeprowadzone po raz pierwszy w Polsce. Raport...

This study investigates the determinants of fintech company creation and activity using a cross-country sample that includes developed and developing countries. Using a random effect negative binomial model and explainable machine learning algorithms, we show the positive role of technology...

This paper provides novel evidence on the role of labor unions in firms' corporate cash policy. Examining the unionization rates of firms across 29 countries for the period 2004–2015, we show that firms respond to an increase in unionization rate by decreasing their corporate cash holdings....

We present an overview of the financial structure of the enlarged European Union with 25 countries. We start by describing the financial system development in all member states since 1995, and then compare the structure between the old and new countries. Using financial measures we document the...