The paper aims to assess selected elements of the business models of credit guarantee schemes (CGSs) implemented in 20 European Union countries within the financial framework between 2007 and 2013. This paper focuses on the CGSs' financial additionality that depends mainly on how these programs...

This paper contributes to the academic debate on the pecking order theory and SMEs equity financing, in this equity financing gap. In order to address this problem, this study relies on the empirical design that is driven by the premises of the pecking order theory and distinguishes between the...

The purpose of this paper is to explore the scope of undertaken and planned actions related to microplastics risk in one of the biggest polish food sector company for better understanding the relations between quality management, food safety management and circular economy. To explore the planed...

The Turkish low voltage switchgear sector is made up of several local and international companies. Generally, local companies operating in this sector try to get a competitive advantage by fabricating cheap products , in order to cope with the competition that focuses more on quality. What’s...

Background: This study examines the relationship between insurance market density (IMD) and economic growth. Methods: We employed Granger causality technique in 19 Eurozone countries for the period 1980-2014. We use three different indicators of IMD, namely life insurance density, non-life...

This paper examines the causal relationship between insurance market penetration and per capita economic growth in 19 Eurozone countries for the period 1980-2014. We use three different indicators of insurance market penetration (IMP), namely life insurance penetration, non-life insurance...

Knowledge and innovations are considered to be among the most important factors that determine the pace and quality of economic growth. Therefore, Poland is facing a serious challenge to effectively transform its economy into an innovative economy capable of competing with the most developed...

The growing importance of innovation in the modern economy has revived the interest of economic sciences in studies on the mechanisms that govern innovation and its impact on economic development. This growth of interest induced the concept of the national system of innovation (NSI), which...

The main aim of the paper is to assess the innovation gap between the national innovation systems (NIS) of the European Union (EU) and the average level of innovation of EU economies. The study takes into account NIS identified in the literature, i.e., (a) developed systems and (b) developing...

Abstract Background A significant share of business innovation arises from information and communication (ICT) sector. Business investment into research and development (R&D) activities can be seen as an important basis for innovation, which can further lead to better economic performance. This...