Dysfunctions and risks of big financial institutions

Masiukiewicz, Piotr; Dec, Paweł

doi:10.13165/vse-13-3-2-06

Cited by 3 publications

(2 citation statements)

References 6 publications

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“…That is why the boards have the main responsibility for this situation, which is to set up such incentive systems for top-level managers as well as decision-makers that will limit such threats described above. (Dec, Masiukiewicz, 2013). Enterprises take many more decisions -a much greater impact on society.…”

Section: Research Methods and Proposed Modelmentioning

confidence: 99%

Clawback Rule – The Ground of Managers Responsible. Model of Remuneration

Dec

Masiukiewicz²

2018

BMS

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The paper concerns the duties and responsibilities of managers using the principle of clawback. The authors proposed their own model of financial model of construction of remuneration for managers. There are in practice ethical problems concerning the level of requirements and qualifications versus salary and the level of legal and financial liability, especially against top-managers of the largest enterprises; often in a situation of extensive economic and social impact of their decisions. The problem of a manager’s responsibility has a dual nature. On the one hand the manager is charged with overall responsibility for all financial and PR losses of a company, on the other hand the manager takes moral, legal and financial responsibility for particular decisions. This article considers the financial responsibility area. The subprime financial crisis has sparked a discussion about the responsibility of top management in the context of disclosure of large bonuses paid to the senior managers and lack of consequences for bankruptcies. Very high salaries the executives were paid, were not sufficiently related to the system of contractual and administrative responsibility.

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Section: Research Methods and Proposed Modelmentioning

confidence: 99%

Clawback Rule – The Ground of Managers Responsible. Model of Remuneration

Dec

Masiukiewicz²

2018

BMS

Self Cite

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“…Не стало исключением потребительское кредитование. С одной стороны, сузился потребительский спрос на кредитные продукты из-за снижения занятости В разработку современной теории потребительского кредитования большой в к л а д в н есл и [ J a gtia ni et a l. , 2 0 2 1 ; Masiukiewicz et al, 2019]. Однако чаще внимание ученых привлекают практические аспекты кредитования и его связь с другими экономическими направлениями (банковское дело, маркетинг, финансовый менеджмент и др.)…”

Section: Introductionunclassified

Consumer Lending Instruments in the Context of COVID-19

Korobeynikova¹,

Korobeynikov²,

Stefanovich³

2022

Vestn. Volgogr. gos. univ. Econom.

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The purpose of the article is to assess the use of consumer lending tools in the context of COVID-19 restrictions and predict the development directions of digital credit innovations in the consumer segment. It has been established that digital innovation in consumer lending is proceeding at a high rate, digital ecosystems, platforms and services are being formed. The qualitative side of the changes is characterized by the creation of new and modernization of traditional lending instruments produced by traditional banks and non-banking organizations. The COVID-19 pandemic has accelerated the scaling of digital technologies in lending. It was revealed that the following became widespread in the Russian market: payment by instalments, card lending, annuity target and non-target loans. Analysis of the dynamics of the consumer lending market showed that: the POS lending market in Russia is stagnating; the most popular way of consumer lending is by instalments; credit cards with instalment options are not widespread; the most innovative products are instalment plans secured by funds in electronic wallets. The development of two promising consumer lending instruments is predicted: the provision of instalments through marketplaces and digital ecosystems, which have the greatest potential for consumer lending and stimulating retail sales; card consumer lending, characterized by the replacement of the material form of instruments with virtual cards in the context of the COVID-19 pandemic.

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Doctrine of public good in banking versus state intervention

Masiukiewicz

2015

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This article has the following thesis: changes in banking and the role of banks in real economy in recent years give an argument for treating banks as a public good. Banks received great support from governments as a result of the subprime crisis. G-20 and European Commission recommended new regulations for this sector after the crisis. As a consequence of banking development, more than 90% of the population use banking services in many countries. New social functions of banks have appeared. Doctrines about recovery and government support for banks were changed in parallel (e.g. LoLR). Presently, there are some arguments for recognition of public good doctrine in banking such as: a very big area for state regulation, state banking supervision, state system of deposits insurance, realization of task delegated by the state, social responsibility of banks and others. These arguments confirm that banks’ activity has a particular importance for the society and the economy, and would be public good.

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Dysfunctions and risks of big financial institutions

Cited by 3 publications

References 6 publications

Clawback Rule – The Ground of Managers Responsible. Model of Remuneration

Clawback Rule – The Ground of Managers Responsible. Model of Remuneration

Consumer Lending Instruments in the Context of COVID-19

Doctrine of public good in banking versus state intervention

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