Cultural Differences as a Reason for Failure of Investment Projects in the Polish Banking Sector

Korzeb, Zbigniew

doi:10.37394/23207.2021.18.16

Cited by 4 publications

(2 citation statements)

References 44 publications

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“…Applying the above methodology, Mensah and Chen classified the studied countries into ten cultural clusters. Based on the concept of cultural clusters, the issue of the impact of cultural differences on the success of investment projects in the Polish banking sector was addressed by Korzeb (2021).…”

Section: Literature Reviewmentioning

confidence: 99%

Factors of ESG ratings assigned to commercial banks – the cultural and credit risk dimensions

Niedziółka,

Bernardelli,

Korzeb

2023

Argumenta Oeconomica

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The purpose of the study was to examine the impact of cultural differences and credit ratings on the ESG (Environmental, Social, and Governance) scores assigned to commercial banks. The analysis was performed using ordered logistic regression. The Akaike information criterion (AIC) and the statistical significance of the explanatory variables were used as the method of comparing the models. Count R2 and adjusted count R2 were chosen as the measure of goodness of fit, but a non-diagonal element analysis of the contingency table was also performed. Based on the data of 330 banks from 50 countries the study proved that among all the clusters considered, the region with the highest ESG risk attributable to banks was the Arab countries, whereas regions with the lowest ESG risk were Western European and Nordic countries. Cultural variables found to influence ESG ratings were MAS (masculinity vs. femininity), PDI (power distance index), LTO (long-term orientation vs. short-term orientation), and UAI (uncertainty avoidance). In addition, a relationship between banks’ ESG and credit ratings was observed, i.e. an increase in the average credit rating reduces the chance of classifying a bank as high or medium ESG risk vs. ESG low risk. This is the first study focused on binding the cultural characteristics of a given country with the results of ESG risk assessments of banks registered in this jurisdiction as well as assessing the relation between ESG and credit risks. This kind of clustering with the use of an econometric model allows for capturing the interrelationships of many factors simultaneously with full interpretability of the results. An added advantage was the excellent accuracy of the model, even though the maximisation of the predictive power was not the key aspect of the research.

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Section: Literature Reviewmentioning

confidence: 99%

Factors of ESG ratings assigned to commercial banks – the cultural and credit risk dimensions

Niedziółka,

Bernardelli,

Korzeb

2023

Argumenta Oeconomica

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“…Audit is the cornerstone of good public sector governance. By providing an unbiased and objective assessment of how responsibly and effectively public resources are being used to achieve the intended results, auditors help public sector organisations achieve accountability and integrity, improve operations, and build trust among citizens and stakeholders (Korzeb, 2021;Melnyk, 2020). The role of the public sector auditor supports the responsibilities of oversight, analysis, and foresight.…”

Section: Introductionmentioning

confidence: 99%

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Alikulova¹,

Spatayeva²,

Pankov³

et al. 2021

VPA

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This study is necessitated by a detailed analysis of the types of audit, in particular, the performance audit of the quasi-public sector. The purpose of this study was to investigate one of the most effective mechanisms of state financial control -performance audit. The main research methods included the method of system analysis, the method of analysis and synthesis, and the method of the system approach. It was pointed out that the performance audit constitutes a detailed audit of the activities of persons who manage the received public funds, aimed at determining the effectiveness of the use of budget funds as an indicator of their competence in performing the functions assigned to them and the tasks set. The main difference between a performance audit and any control activity is that it should not end with the conventional preparation of a report on its results. The obvious vulnerabilities of the performance audit were also identified with the currently available legislative and methodological framework, and its concepts were presented in accordance 599

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Project Culture as a Key Project Success Factor: The Perspective of Polish Project Managers

Moczydłowska

Sadkowska

2021

Wseas Transactions on Business and Economics

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Project management has the potential to play a key role in the effective functioning of a company. In spite of the intensive development of project management knowledge and tools, however, the ratio of projects which fail is still very high. For the above reason, interest in research dedicated to project success determinants has been increasing. Although existing empirical studies provide numerous evidence on project key-success factors, rrelatively little research has been devoted to examination of project culture in the context of its impact on the final results of projects. The study’s objective entails analysis of how project culture mediates the relationship between project characteristics and project outcome. For this purpose, a questionnaire has been developed, which was distributed among 138 project managers representing Polish enterprises. A theoretical model has been proposed, linking project attributes and project culture to project outcome. The results of the empirical studies indicate that inclusion of project culture, with special attention paid to its openness, significantly contributes to the clarification of the way project attributes affect project outcome.

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Cultural Differences as a Reason for Failure of Investment Projects in the Polish Banking Sector

Cited by 4 publications

References 44 publications

Factors of ESG ratings assigned to commercial banks – the cultural and credit risk dimensions

Factors of ESG ratings assigned to commercial banks – the cultural and credit risk dimensions

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Project Culture as a Key Project Success Factor: The Perspective of Polish Project Managers

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