Template-Type: ReDIF-Article 1.0 Author-Name: Eugenia Sozinova Author-Workplace-Name: Vasyl’ Stus Donetsk National University Author-Name: Tetyana Oriekhova Author-Workplace-Name: Vasyl’ Stus Donetsk National University, Title: Evaluating the transnationalisation potential of the economies in the countries of South-Eastern Europe Publication-Status: Published Abstract: The paper presents an integrated indicator of the potential for transnationalisation, which is the average of five standardised variables that characterise the degree of resource potential for internationalisation in the form of transnational development trade, as well as the algorithm of application of these indicators in order to rank countries according to the degree of development and usage of their existing potential. The analysis makes it possible to state that the level of the actual inflow of FDI to Montenegro is higher than the level of its potential for transnationalisation. The evidence of FDI inflows relative to GDP makes it possible to classify Albania as the leader in transnational business. Evidence of FDI inflows to Bosnia and Herzegovina confirms its characteristics of the transnationalisation potential as an “outsider” to transnationalisation. All other studied countries fell into the category of countries with underestimated investment potential in attracting foreign direct investment, i.e. the potential for transnationalisation (domestic). Keywords: transnationalisation; classification matrix; countries of South-Eastern Europe; rating methodology; integrated indicator Journal: Research Papers in Economics and Finance Pages: 7-21 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.1 File-URL: https://journals.ue.poznan.pl/REF/article/view/136 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/136/76 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:136 Template-Type: ReDIF-Article 1.0 Author-Name: Piotr Lis Author-Workplace-Name: Poznan University of Economics and Business Title: Preface Publication-Status: Published Abstract: Dear Readers, We are pleased to present the latest issue of the Research Papers in Economics and Finance published by the Poznan University of Economics and Business Press. We have selected six scientific papers that we consider important for the academic discussion, works which inspire and provide substantial added value. This issue opens with an empirical paper written by Eugenia Sozinova and Tetyana Oriekhova from Vasyl’ Stus Donetsk National University in Ukraine entitled Evaluating the transnationalisation potential of the economies in the countries of South-Eastern Europe. The work is an attempt at evaluating the potential for transnationalisation of the economies of South-Eastern Europe. The authors constructed an index to measure the phenomenon of transnationalisation. Using this approach, they proved that Albania is the leader in transnational business, while Bosnia and Herzegovina is an outsider. The second great paper entitled Significance of the EU funds in regional development on the example of NUTS-3 units in Poland has been written by Joanna Spychała and Marcin Spychała from the Poznań University of Economics and Business. The authors conducted three-stage research at the level of 73 NUTS-3 units in Poland, proving that the European Union funds absorption impacted to the largest extent the changes in the level of innovativeness and entrepreneurship in the Polish subregions of the NUTS-3 level. Furthermore, the results of the EU fund absorption supporting innovativeness or the material capital are visible in a relatively short time period. The third original and topical paper written by Edyta Małecka-Ziembińska from Poland is entitled Fiscal transparency in recovery from the COVID-19 pandemic crisis. The author proved that in the vast majority of countries around the world the condition of public finances has deteriorated significantly as a result of measures taken to reduce the effects of the COVID-19 pandemic. The author demonstrated that large-scale expenditure is made without public procurement procedures or an assessment of its effectiveness. The fourth paper entitled Housing conditions in social housing stock vs. marginalisation risk – evidence from Poland has been written by Zuzanna Rataj and Katarzyna Suszyńska from Poland. In the study, the authors used questionnaire interviews with dwellers of council flats in Poland. The survey results showed that the standard of municipal housing in Poland is low and makes it difficult for low-income households to meet their housing needs. Small dwelling areas, overcrowding, as well as poor quality of construction materials have been identified as important determinants increasing the risk of housing exclusion in municipal dwellings. The fifth paper entitled Young Customers’ Expectations in Terms of Implementing Modern Technologies on the Local Primary Residential Market in Poland has been written by Anna Górska, Anna Mazurczak and Łukasz Strączkowski from Poland. The authors used surveys targeting young people in the city of Poznań and proved that a large group of customers are aware of modern technologies, claiming that they would be willing to pay more for the technologies they choose. According to the authors’ opinions, this number could be increased if the buyers were pointed to specific savings from investing in modern solutions. The sixth paper entitled Economic security of an industrial enterprise in competitive conditions has been written by Alona Revko from Chernihiv Polytechnic National University and Svitlana Tulchynska & Tetiana Tkachenko from National Technical University of Ukraine “Igor Sikorsky Kyiv Polytechnic Institute”, Ukraine. The study focuses on ensuring economic security of industrial enterprises in competitive conditions. The authors proved that economic security of an industrial enterprise is a multifaceted, multi-vector concept, according to which the main emphasis is put on the efficiency of all types of resources in the process of ensuring competitiveness of an industrial enterprise. Yours faithfully, Piotr LisEditor in Chief Keywords: Preface; Research Papers in Economics and Finance; Vol. 5 No. 1 Journal: Research Papers in Economics and Finance Pages: 5-6 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.0 File-URL: https://journals.ue.poznan.pl/REF/article/view/142 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/142/75 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:142 Template-Type: ReDIF-Article 1.0 Author-Name: Joanna Spychała Author-Workplace-Name: Poznań University of Economics and Business Author-Name: Marcin Spychała Author-Workplace-Name: Poznań University of Economics and Business Title: Significance of the EU funds in regional development on the example of NUTS-3 units in Poland Publication-Status: Published Abstract: Within the EU cohesion policy, better and worse developed regions are subcategorised, taking account of the GDP value per capita. Based on that, areas qualifying for obtaining support from aid programs from the EU budget are established. The purpose of the article is an attempt at specifying the co-dependencies between the EU fund absorption and the changes in the level of the socio-economic development in the regional dimension. The research was conducted at the level of 73 NUTS-3 units in Poland in three stages. At the first one, the level of the development of the subregions in Poland is exhibited, subcategorising the factors of that development: human capital, material capital, natural environment as well as entrepreneurship and innovativeness. At the second stage, variation in the EU fund absorption in the researched units is presented. At the third stage, interdependencies between the extent of the absorption and the changes in the level of development within the arrangement of the factors of that development are taken up. Keywords: EU funds; socio-economic development; synthetic measure Journal: Research Papers in Economics and Finance Pages: 22-37 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.2 File-URL: https://journals.ue.poznan.pl/REF/article/view/137 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/137/77 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:137 Template-Type: ReDIF-Article 1.0 Author-Name: Edyta Małecka-Ziembińska Author-Workplace-Name: Poznań University of Economics and Business Title: Fiscal transparency in recovery from the COVID-19 pandemic crisis Publication-Status: Published Abstract: The aim of the article is to present the impact of unprecedented fiscal meas- ures taken in the context of the COVID-19 pandemic on fiscal transparency and to identify the role and importance of fiscal transparency in the process of recovering from the crisis. The conducted analysis proved that in the vast majority of countries around the world, the condition of public finances, measured by the deficit and pub- lic debt, has declined significantly as a result of measures taken to reduce the effects of the COVID-19 pandemic. These activities and strategies contribute to the lack of fiscal transparency. Meanwhile, fiscal transparency is an ally in recovering from the crisis. Strong fiscal frameworks (including numerical rules which promote fiscal pru- dence), backed by clear communication of policy priorities and fiscal transparency can meaningfully contribute to strengthening the credibility of public finances and reduce borrowing costs. These conclusions may be particularly important for emerging mar- ket economies and low-income developing countries, which find it more difficult and more expensive to obtain return sources of financing public investments. Keywords: fiscal transparency; crisis; COVID-19; recovery Journal: Research Papers in Economics and Finance Pages: 38-48 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.3 File-URL: https://journals.ue.poznan.pl/REF/article/view/138 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/138/78 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:138 Template-Type: ReDIF-Article 1.0 Author-Name: Zuzanna Rataj Author-Workplace-Name: Poznan University of Economics and Business Author-Name: Katarzyna Suszynska Author-Workplace-Name: Poznań University of Economics and Business Title: Housing conditions in social housing stock vs. marginalisation risk – evidence from Poland Publication-Status: Published Abstract: Low-income households in the Polish public housing stock sometimes encounter the risk of housing exclusion, yet this experience is relatively more frequent among the tenants of council flats. The aim of this paper is to present the results of research on housing standards in the public housing stock in Poland. Pursuant to Polish law, social housing is part of public housing assistance (Przymeński 2016), addressed to very-low- and low-income households which are not capable of satisfying their housing needs on their own. The paper uses desk research, statistical data analysis and questionnaire interviews with dwellers of council flats in Poland. Furthermore, the achievements of international housing policy are taken into account. The results show that the standard in the public stock, especially in council flats, in Poland is poor and hinders low-income households in addressing their hous- ing needs. Small areas of dwellings, overcrowding, low quality of building materials are all identified as significant determinants increasing the risk of housing exclusion in council flats. Keywords: housing conditions; social housing; low-income households; marginalisation risk; Poland Journal: Research Papers in Economics and Finance Pages: 49-60 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.4 File-URL: https://journals.ue.poznan.pl/REF/article/view/124 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/124/79 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:124 Template-Type: ReDIF-Article 1.0 Author-Name: Łukasz Strączkowski Author-Workplace-Name: Poznań University of Economics and Business Author-Name: Anna Górska Author-Workplace-Name: Poznań University of Economics and Business Author-Name: Anna Mazurczak Author-Workplace-Name: Poznań University of Economics and Business Title: Young Customers’ Expectations in Terms of Implementing PropTech (Property Technology) on the Local Primary Residential Market in Poland Publication-Status: Published Abstract: The aim of this study is to assess customers’ expectations in the use of modern technologies in the process of buying and subsequent use of flats on the local primary residential real estate market. The study has been conducted in order to achieve the above-mentioned goal. A survey questionnaire was used as a research tool. The subjects were young people (up to 35 years of age) from the area of Poznań (non-random sample selection, sample size n=220). Based on the research, it can be concluded that there is a large group of customers that are aware of modern technologies and claim that they would be willing to pay more for the technologies they choose. Probably this number could be increased if the buyers were pointed to specific savings from investing in modern solutions. The adopted spatial scope (city of Poznań) results from the specificity of this research area. And although there are no substantive grounds for major generalisations, taking into account the size of the market in Poznań, it can be assumed that in other large Polish cities customer preferences are similar. Keywords: residential real estate market; PropTech; preferences of customers; Poznan; Poland Journal: Research Papers in Economics and Finance Pages: 61-77 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.5 File-URL: https://journals.ue.poznan.pl/REF/article/view/139 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/139/80 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:139 Template-Type: ReDIF-Article 1.0 Author-Name: Alona Revko Author-Workplace-Name: Chernihiv Polytechnic National University Author-Name: Svitlana Tulchynska Author-Workplace-Name: Technical University of Ukraine “Igor Sikorsky KyivPolytechnic Institute” Author-Name: Tetiana Tkachenko Author-Workplace-Name: National Technical University of Ukraine “Igor Sikorsky KyivPolytechnic Institute” Title: Economic security of an industrial enterprise in competitive conditions Publication-Status: Published Abstract: The research is devoted to the issues of ensuring economic security of in- dustrial enterprises in competitive conditions. The methodological basis of this study is a systematic approach that provides a holistic and functional vision of economic security of industrial enterprises in a competitive environment. It was found that the economic security of an industrial enterprise is a multifaceted, multi-vector concept, according to which the main emphasis is on the efficiency of all types of resources in the process of ensuring competitiveness of the industrial enterprise. The requirements for the functioning of economic security of an industrial enterprise are highlighted. The authors prove the necessity of observance of requirements on the maintenance of economic safety at the industrial enterprise in the conditions of competition, includ- ing: formation of system strategic measures concerning components of economic safety of the enterprise, development of industrial enterprise policies to create competitive advantages, use of information tools and digital technologies to monitor the risks and threats of an enterprise.  Keywords: economic security; industrial enterprise; competitive conditions; competition Journal: Research Papers in Economics and Finance Pages: 78-86 Volume: 5 Issue: 1 Year: 2021 Month: January DOI: 10.18559/ref.2021.1.6 File-URL: https://journals.ue.poznan.pl/REF/article/view/140 File-Function: Abstract page File-Format: text/html File-URL: https://journals.ue.poznan.pl/REF/article/download/140/81 File-Function: Full text File-Format: application/pdf Handle: RePEc:jbl:ref000:v:5:y:2021:i:1:id:140