Andrzej Rutkowski is the author of Zarządzanie finansami ( avg rating, 2 ratings, 0 reviews, published ). Zarządzanie finansami. by Andrzej Rutkowski Release date: Number of Pages: pages. Lity bór. by Andrzej Żuławski Release date: 7 results for Books: “Andrzej Rutkowski” by Andrzej Rutkowski and Michal Rutkowski. Currently unavailable. Zarzadzanie finansami. 1 Jan by Andrzej .

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Decisions in this area affect the change in the economic situation of the acquiring company. Buffet’s Letter to Shareholders, cyt. Do serial acquirers show finansai persistence, Nashville: Thinking Differently About Dividends. The pivotal reasons for the purchase of own shares include: Does Practice Make Perfect?

Finanse firmy: jak zarządzać kapitałem – Google Books

Open Market Repurchases and Employee Options. Studies have been focused on the analysis of the effects of acquisitions on the value of the acquiring companies. Applications in Real Options Value-based Strategy. Learning from repetitive acquisitions: Therefore, It is important to identify the scale of cash flows and their optimum level.

Can firms learn to acquire?

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Public finance instruments — are tools used to fulfil respective functions of the state. Such decisions also produce significant implications for the operational activities. The survey covered companies listed on the Warsaw Stock Exchange. For over 20 years active participant in the scientific conferences on finance. When a Buyback Isn’t a Buyback: Public finance management is a specific process, a skill that must combine a technocratic approach to the matter with social approach, or — in other words — financial engineering with social engineering.


Evidence from the time between deals, Journal of Financial Economics,s. The funds retained in the company should suffice for the financing of the effective operational activity and sustainable development of the company. To Buy or Not to Buy. The decisions on the purchase of shares lead to the diminution of the company andrzeej. Sincehabilitated doctor of economic science in the field of finance.

Serial acquirers on Polish market for corporate control. The performance of frequent acquirers: Prepared articles concerning finance, especially in the topic of public finance.

Changing Motives for Share Repurchases. Mergers and acquisitions are an alternative to the development threw the organic growth. The use of adequate management techniques and instruments is a challenge for present-day practitioners and theoreticians who study the sector of public finance. Active participation in scientific and professional conferences, both international and Polish.

The metropolis governs the world. Death of the Dividend? This tendency has gained momentum also in the Polish public capital market. In the processes taking place it is not only the instruments that are of importance, but also the management methods in which the same are used.

Evidence on the capitalized value of merger activity for acquiring firms, Journal of Financial Economics, April, s.

New YorkWarner Books. Prentice Hall, Upper Saddle River These projects are undertaken as occasional transactions or are part of the acquisition program. Oregon State University, April In the second half of the s, capital earmarked for the purchase of own shares exceeded proceeds from the issue of shares. AREAS OF INTEREST — Public finance — in private sector, money serves to its owners to cover the costs of manufacturing and consumption processes, while in the public sector money, upon changing its ownership from private to public, is used to finance public goods and to fulfil social functions.


In she completed her doctorate at the Warsaw School of Economics. The hubris hypothesis of corporate takeovers, Journal of Business, 59, s. An empirical test of the learning hypothesis, Journal of Corporate Finance, 17, s. Therefore, a major element of its implementation should be proper measurement of the impact the spending decisions taken have on respective spheres of the social and economic life.

Control sample included companies that carried out one to four transactions. Practitioner, theoretician, specialist in finance. Working Paper University of Chicago, January In the years an increased number of companies proceeded with the purchase of their own shares. Sinceworking for the public administration sector.

What do returns to acquiring firms tell us? The above reasons vary in importance for particular groups of stake holders concerned: In the developed capital markets the purchase of own shares has become a popular way of transferring funds to shareholders.

Szanse i wyzwania, s. Which acquirers gain more, single or multiple?