The aim of the article is to analyse the functions that dividends perform in contractual relationships between public companies’ executives and shareholders. The author analyses the income function of dividend, but also considers its sociological aspects. Talcott Parsons' social system theory is the main point of reference, especially, the concept of contract institution. The article justifies the thesis on the relevance of dividends in shaping the equilibrium of power, information policy and the composition of shareholders in a joint-stock company. Dividend policy has a great regulatory potential, which is important in the face of various crises occurring in contemporary capitalism. JEL codes: A14, D86, Z13
PurposeThe aim of the article is to analyze the process of creating spatial value. The object of the analysis concerns the riverside areas of the city of Poznan. The study focuses on spontaneous practices that are outside the legal regulations, thanks to less-visited places which have gained popularity among residents and disciplinary techniques introduced by government officials in response to such activities.Design/methodology/approachAt the theoretical level, the study is primarily based on Florian Znaniecki's spatial value concept and Michel Foucault's concept of power. The empirical research study includes quantitative (questionnaire-based interviews) and qualitative methods (expert interviews and content analysis).FindingsIdentification of the method of creating spatial value which does not require direct financial outlays; determination of disciplinary techniques used by government officials ultimately led to a reduction in the spatial value.Originality/valueThe article reveals the hidden mechanisms of functioning of the authority that defends itself against the reduction of its powers. It is an alternate way of analyzing and interpreting organizational changes in urban space to the one promoted by the Poznan authorities. The results can be used in various ways. Researchers representing the critical trend of urban research can interpret the process of creating spatial value by residents in terms of community, resistance and alternates to the actions of the authorities. From this point of view, the research study is interventional and exposing in nature. On the other hand, for city decision makers allowing the possibility to consume alcohol in a given area can be an effective, low-cost way of revitalizing it. Research can also be useful in assessing the effectiveness of particular disciplinary techniques by public officers.
Celem artykułu jest socjologiczna analiza kreacji siły nabywczej przez bank, oparta na teorii T. Parsonsa. Może ona podlegać tendencjom inflacyjnym i deflacyjnym. "Bańka mieszkaniowa" w Stanach Zjednoczonych jest przykładem tendencji inflacyjnej w procesie kreacji kredytu. Z kolei w Polsce trwała jest tendencja deflacyjna w otwieraniu kredytów dla firm. (abstrakt oryginalny)
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