Nuestros investigadores

Karol Marek Klimczak 

Líneas de investigación
comptabilidad
Índice H
8, (Google Scholar, 15/12/2016)
2, (Scopus, 04/04/2017)

Publicaciones científicas más recientes (desde 2010)

Autores: Klimczak, Karol Marek; Krasodomska, J.;
Revista: ACCOUNTING IN EUROPE
ISSN 1744-9480  Vol. 14  Nº 1-2  2017  págs. 158 - 163
We outline the process of implementation of the accounting Directive 2013/34/EU by the Republic of Poland in the context of references to IFRS. The purpose of the article is to determine to what extent IFRS are used by actors taking part in the legislative and enforcement processes. The accounting regulation in Poland comprises an act of Parliament and the regulations of the Ministry of Finance. As a result the regulation is relatively succinct and many elements present in IFRS are not covered, while the issues of record-keeping and verification of accounting documentation receive more attention. A review of the responses to a call for opinions reveals that IFRS are rarely mentioned.
Autores: Klimczak, Karol Marek; Machowiak, W.; Staniec, I.; et al.
Revista: LOGFORUM
ISSN 1895-2038  Vol. 13  Nº 2  2017  págs. 221 - 235
Background: Despite their relatively low economic potential and modest scale of activity of each single unit, en masse small and medium size enterprises (SMEs) create a major part of real GDP in all developed countries. Moreover, having very rarely own R&D backup facilities, SMEs are mostly strikingly open for new technical and technological solutions, perceiving innovations as a challenge and as an opportunity as well. Searching for such solutions, also in processes of implementation, they have to collaborate with a number of partners from various sectors, having diverse legal status, business culture and approach to cooperation. Frequently collaboration appears to be a source of problems, even threats. Methods: The paper consists of a literature review, identification of collaboration risk areas and - as a separate part presentation and discussion of selected results of own research conducted late 2016 by the authors within a group of over 300 small and medium technological enterprises (SMTEs), chosen according to the defined filters. The aim of research was to analyse the collaboration environment of SMTEs, their approach to collaboration and perception of collaboration problems and risks. Results: Analysis of uncertainty areas within SMTEs' environment and modes of operation allowed to identify a selection of risks which may result from collaboration, divided into two divisions: those having general character, which may be observed in each SME, and those being SMTE specific, adjoint to acquiring of new technologies, cooperation with scientific R&D institutions, technology transfer etc. The survey - considering the strong specific features of SMTEs - delivered some interesting informations on characteristics of sources of new technologies, collaboration directions and relations with partners, also collaboration risk factors and exposure. Conclusions: The paper shows a variety of problems referring to SMTEs' collaboration with partners in technology acquisition and implementation. Having difficulties in contacts with big enterprises and institutions, they prefer own solutions and cooperation with other SMEs. This obviously imposes some limitations on the choice of partners and availability of solutions, making relations more complex and difficult. From the survey results also that SMTEs do not regard vulnerability and exposure on collaboration risk as a major problem in their activities, however some risk factors from legal ones to soft competencies of partners. Further research could refer to the low effectiveness of collaboration between SMTEs and institutions which are regarded as a natural source of innovative solutions and those which exist to support that sector.
Autores: Klimczak, Karol Marek; Szafranski , G.;
Revista: ACCOUNTING RESEARCH JOURNAL
ISSN 1030-9616  Vol. 26  Nº 3  2013  págs. 239 - 255
Value relevance studies, which examine the relationship between accounting numbers and equity valuation, use market values sampled a number of months after the publication of annual financial reports. Although it stems from the researchers' belief that accounting information needs to be made available before it can be discounted in market prices, this approach disregards a substantial body of literature that proves to the contrary. Our study provides empirical evidence that directly supports the interpretation of value relevance as the ability of accounting numbers to capture value-relevant information that has already been included in market valuation. In order to describe the temporal relationship between accounting-based equity valuation and market value of equity we introduce two new concepts: coincident and forecast relevance of accounting numbers. The first represents the relevance of accounting information for market values sampled during the reporting year, while the latter represents the relevance of accounting numbers for market values sampled after fiscal year-end. We measure coincident and forecast relevance by estimating Ohlson model parameters with country panel regressions for exchange-listed companies from France and Germany. The results confirm that coincident relevance is stronger than forecast relevance in both countries. The findings contribute to the studies on value relevance by suggesting improvements to current research methods.
Autores: Dobija, D.; Klimczak, Karol Marek; Roztocki, N.; et al.
Revista: JOURNAL OF STRATEGIC INFORMATION SYSTEMS
ISSN 0963-8687  Vol. 21  Nº 4  2012  págs. 308 - 319
This study examines stock market reactions to announcements of information technology investments in Poland, an emerging market and transition economy. Based on 66 announcements by companies traded at the Warsaw Stock Exchange in the period 2002-2009, our study confirms some previously published results from studies conducted primarily in highly developed markets, but also shows that specific characteristics of announcements play a more important role than has been commonly assumed. Our results indicate that investors in Poland react more positively if systems are acquired from global rather than local vendors. Announcements about completed projects are more positively received than announcements about planned or in-progress projects. Furthermore, announcements in Polish, targeted at existing shareholders, are more likely to be received positively than similar announcements released in English, targeting global investors.
Autores: Dobija, D.; Klimczak, Karol Marek;
Revista: THE INTERNATIONAL JOURNAL OF ACCOUNTING
ISSN 1094-4060  Vol. 45  Nº 3  2010  págs. 356 - 374
This paper outlines the evolution of the information environment surrounding the Warsaw Stock Exchange in Poland. Like other transition economies, Poland needed to develop accounting regulations to support privatization. We trace changes in financial reporting regulation from 1994, through the adoption of IFRS and corporate governance codes, to the crisis of 2007-2008. The effect of these developments is then evaluated empirically by testing the relevance of earnings of listed corporations from 1997 to 2008 to corporate value. We show that the stock exchange was weak-form efficient during this period and estimate regressions for value relevance of earnings to corporate value. We find positive evidence of such relevance but no improvement in the strength of the relationship over time.
Autores: Klimczak, Karol Marek;
2014