Purpose – The article analyzes the challenges Slovak businesses and organizations are facing in relation to the Covid-19 pandemic and the resulting human resource management solutions they apply.
Design/methodology/approach – The authors present a part of their research conducted in six Central Eastern European (CEE) countries. Based on timely data, the article presents socioeconomic characteristics of Slovakia and the results of the research “HRM Challenges in Times of the Covid-19 Crisis” conducted among employers in Slovakia. The survey method encompassed 247 Slovakian organizations.
Findings – The year 2020 was an extraordinary one for businesses, governments, and individuals alike. According to the results of this research, Slovak organizations were not prepared for the Covid-19 crisis. Respondents who had a pandemic action plan at the time of the breakout were hardly found. Measures taken to preserve human health directly impacted the way how work is done and organized. This poses significant challenges for both employers and employees. In general, small organizations used cost and staff reduction tools. On the other hand, some of the respondents, mainly large organizations have been using future-oriented solutions, e.g. organizational development.
Originality/value – In this research the authors analyzed the experiences of a Central European country, namely Slovakia. However, the experiences gained and collected here can be useful in the international arena as well.

Purpose: Self-employment is considered one of the responses to precarious employment, particularly among those who lost jobs during an economic crisis. Although starting a new business is widely available, operating new ventures remains challenging. This article aims to explore the premises of self-employment success, namely self-employment intention and proactive coping as crucial predictors of further performance.

Design/methodology/approach: The authors recruited participants among initially unemployed individuals who participated in the entrepreneurial program aimed at creating self-employment. Since entrepreneurs are expected to have specific personal characteristics important for performance, the authors assessed proactive coping as the key factor for self-employment intention.

Findings: The results depicted proactive coping as crucial in performing own ventures in the long run, which suggests that self-employment intention may change over time.

Practical implications: Proactive coping is particularly appropriate for self-employed at any stage of the entrepreneurial process because it maintains the intention to perform own business. Thus, the findings underline the need for proactive coping training for entrepreneurs, particularly those previously unemployed.

Originality/value: As the self-employment intention may differ in time, the importance of being proactive in operating small businesses increases.

Purpose: Respective European Union member states’ interest in using spending reviews varies as there are no international mandatory regulations. The EU legislation contains general indications as to maintaining a rational fscal policy, from the provisions of the TFUE, expanded in the Pact for Stability and Growth, and elaborated in 2011.

Methodology: Adopting an interpretative research approach, this article elaborates a multiple explanatory case study design to discover how existing theories about public spending reviews are conceptualized by practitioners in their natural contexts.

Findings: The deteriorated state of many countries’ public fnances, as a result of the global fnancial crisis, has increased the interest in advanced innovative consolidation and fscal stabilization methods. Spending reviews are among the most developed and advanced methods. Such reviews were conducted both by countries that had applied this instrument before (Netherlands, Denmark, Finland, United Kingdom, Australia), and by those that introduced them for the frst time (Ireland, Canada, France). However, reviews are applied in countries characterized by signifcant economic advancement and mature public management systems.

Originality: This article analyses and draws conclusions from several selected countries’ experience to date in using spending reviews. The budget functions are compared using information from the implementation of the spending reviews. This article contributes to flling two main gaps identifed in the literature review.

Purpose: The paper analyses etatist and liberal economic attitudes in Poland, their changes after the last economic crisis, and the differences in this respect between socio-occupational groups with a particular focus on managers, professionals, and business owners, on the one hand, and other working and non-working groups, on the other hand.

Methodology: Individual-level data from three representative surveys conducted in 2012,2 2016, and 2017 on stratifed random samples of the whole adult Polish population are analyzed. Findings: Despite public legitimization of economy based on private ownership and the free market, Polish public opinion still shows strong preference for public ownership and state interventionism. This preference slowly diminishes. It differs between various socio-occupational groups: managers, professionals, and business owners are more liberal than others, especially non-working people and farmers.

Research implications: Since strengthening the regulatory and controlling functions of the government in economic life is the recent tendency in Poland and other countries, the slowly growing liberal attitudes may counteract this direction. So far, however, the Polish public opinion strongly supports governmental intervention in the economy.

Originality: So far, no one wrote a similar analysis of changes in etatist and liberal economic attitudes in the post-crisis Poland.

Objective: The aim of the present study is to examine whether the European Union budget comprises significant resources for financing measures relating to social cohesion. The analysis is based on the contents of the Europe 2020 Strategy.
Given the constraints of space and for the sake of clarity of the argument, the author focuses on the role of the EU budget rather than all measures aimed at social cohesion undertaken by EU institutions or targeted by policies of individual Member States.

Methodology: Documents, studies and reports published by the European Commission constitute the main source of information. In addition, the author has taken into account macroeconomic data demonstrating the deterioration of the social situation since 2009, as well as the instruments that the European Commission has deployed since 2013 in order to respond to post-crisis challenges.

Conclusions: It can be roughly estimated that more than 40 percent of total resources within the Multiannual Financial Framework 2014-2020 shall be allocated to the social cohesion policy. Opportunities afforded by the implementation of the Europe 2020 Strategy include primarily the definition of objectives whose priority is indisputable and the introduction of the hitherto neglected analysis of certain socio-economic indicators, classified by country or region and, in certain cases, examined in more detail than required by the European Commission. The monitoring of objectives is conducive to the introduction of new solutions and implementation tools, as exemplified by the new instruments within the Multiannual Financial Framework 2014-2020, as well as the adjustment of available funds in light of the most pressing challenges. The European Semester has facilitated the task of comparing progress in strategy implementation by individual Member States, as well as the provision of recommendations for each of them and an individualized approach.

Research implications: This article contributes to the discussion on further integration of the European Union's social dimension, with particular emphasis on the need to work out a common approach to immigration policy.

Originality: The author presents her own opinions regarding current events in terms of the post-crisis social cohesion policies of the European Union, taking into account the European Commission’s financial instruments.

Purpose: To analyse the issue of public debt in Poland and examine its effect on other areas of socio-economic life as well as government policy.
Approach: The question of public debt is placed in its historical context by looking at how it grew during the Communist system and influenced the transition period. The article draws on a range of secondary economic statistics and considers in detail a number of public policy issues, such as the reform of the pension system.

Findings: One result of the large debt incurred by the end of the 1970s was that Poland became indebted to creditors in the West. This dependency helped to shape its economic policy at the end of the 1980s. The transition to a market economy placed new burdens on the country’s public services, primarily due to the resulting large deactivation of labour. Furthermore, the creation of a compulsory private pension system at the end of the 1990s diverted significant funds out of the government’s budget and swelled the country’s public debt. Since the outbreak of the economic crisis, Poland has avoided a recession by increasing public investment by utilising available European Union funds. However, due to internal and external limits on the size of its public debt, the government is being pressured to reduce this spending. In order to create more fiscal room, the government has partly dismantled the compulsory private pension system as a short-term solution to the growing debt crisis.

Value: In the wake of the global financial crisis and economic turmoil in the European Union, the matter of public debt has taken on increased importance. This paper considers this question from a long-term perspective in a country that has been relatively successful during the international economic downturn. By examining public debt from this broad perspective, we can better understand the economic situation in Poland and the European Union, whilst also shedding light on some of the surrounding academic perspectives and public policy debates.

Purpose: This study examines the determinants of ex-ante state capture in Poland.
Methodology: In order to establish the determinants of ex-ante state capture a logistic regression is estimated.

Findings: The study shows that in Poland the majority of legal acts were passed with the aim to satisfy the interest of particular groups. Furthermore, the regression analysis shows that the likelihood of state capture increases during the period of higher economic growth and local elections. The likelihood of state capture, however, declines during presidential elections. The results we attribute to different interests of political parties in the period of local and presidential elections. Finally, we fi nd that the state capture increased over the years in Poland. Additionally, we show that the EU accession did not prevent state capture in Poland. In contrast, the financial crisis of 2007 resulted in a wake-up effect and the likelihood of state capture declined in Poland.

Research limitations: In the study we employ proxies for state capture, yet we assume that corruption is a wide spread phenomenon in Poland. However, due to its nature corruption is very diffi cult to assess and measure.

Originality: The study uses a unique dataset on ex-ante state capture that was identifi ed in the legal acts that have been passed in the period 1990–2011 in Poland.

Purpose: The goal of the text is to show a number of challenges which major central banks must face today. Impressive engagement of the central banks in counter-crisis policy leads to many controversial decisions and its results are not clear both for economic theory and for real economy. For now, one cannot show a full overview of the policy of central banks – on the one hand, thanks to the expansionary monetary policy, recession was quite shallow and the risk in financial markets has declined, but on the other hand, few side effects of this policy can be mentioned, which can jeopardize economic stability in the future.

Methodology: The paper has a theoretical character. The findings are based on a literature review and an analysis of the major macroeconomic data.

Findings: The text indicates the most important areas which have to be investigated by central banks. There are serious doubts about issues like: inflation targeting as a fundamental part of monetary policy, the efficiency of monetary policy instruments and the side effects of loose monetary policy.

Originality: The text presents quite a new approach in analyzing macroeconomic policy by indicating important gaps in contemporary economic knowledge according to which economic policy is conducted.

Purpose: The main target of this paper is to present the implementation of the innovation policy in Poland during the last financial and economic crisis. The main hypothesis is an assumption that if innovative activity is one of the ways of overcoming the current economic crisis, the government’s innovation policy should strongly support such activity.

Methodology: The verification of the hypothesis is based on an analysis of theoretical and empirical research conducted by governmental and non-governmental institutions.

Results: The analysis of literature as well as research conducted by governmental and non-governmental institutions showed that the innovation policy in Poland is undergoing a deep transition. The effects of the policy are currently insufficient.

Originality: Despite substantial domestic and foreign literature about the role, targets and effects of innovation policy, there is a lack of analysis of this issue during the time of the current economic crisis.

Purpose: The aim of this paper is to show the conditions of the EU against the realities of the global economy in the post-crisis era, an indication of which are the determinants of the development of the competitive advantage of the Community.

Methodology: An analysis of the determinants of growth at different stages of the process of EU integration with particular emphasis on optimum currency area criteria for the euro zone crisis, under asymmetric demand shock.

Findings: The last global crisis has highlighted the structural weaknesses of the EU, which in times of economic prosperity can be compensated by a system of transfers and the mechanism of credibility borrowing. With such a strong crisis Europe needs more growth.

Research limitations: The costs of this crisis affect the Community, significant for both public finances and the standard of life, but are also visible on a global scale, which is difficult to estimate.

Originality: An ex ante perspective on the determinants that will not only restore EU’s position in the world, but also did not miss an opportunity to play a significant role in the rapidly changing global economy, the twenty first century.

Purpose: The purpose of the article is to find an answer to the question whether the European Union, and especially the countries that are full members of the Economic and Monetary Union, are able to reach a common solution in fiscal policy, which may result in a further deepening of integration processes.

Methodology: The article is based on literature, legislation and documents, reports and accounts of the institutions and bodies of the EU. The paper presents an analysis of the current situation within the European Union on fiscal consolidation, the theoretical format of the fiscal union and the range of possible functions of common bonds and consequences of the issue (in the context of sharing risk between the issuers, and thus – the impact on
fiscal discipline), and finally, the role of the disintegrative processes in the context of public finance.

Findings: So far, the common legislation to restore budgetary balance was broadly implemented, however, it is too early to say whether specific rules will translate into action of public authorities. When it comes to issues indicating the deepening of integration, it is difficult to note the political consensus in this regard. The proposal for creating a new budget only for the eurozone countries seems to be far-reaching.

Research implications: This paper may be a contribution to the further discussion on the future of the European Union, especially in the context of fiscal policy.

Originality: The author presents her findings and thoughts on current events in the financial integration within the European Union on the basis of documents of the European Commission, the Council of the European Union, the President of the European Council and the European Economic and Social Committee.

Purpose: The main objective of the article is to assess the impact of new regulations introduced in the EU and the euro area in the face of the economic and financial crisis.

Methodology: Literature review related to the functioning of the euro area, roots of the global crisis and financial market integration. The critical literature review was focused on two issues: identification of the causes of fiscal and macroeconomic imbalances in the euro area and assessment of the implemented instruments designed to prevent them.

Findings: The basic feature of the six-pack measures and the European Semester, which complements them, is deeper coordination of macroeconomic, structural and competitiveness policies among Member States. Adopted measures are a big step towards strengthening the economic pillar of the monetary union. However, the progress and quality of their implementation will be critical in improving economic governance in the EU.

Research implications: identification of strengths and weaknesses of the adopted reforms allows for using these results in the assessment of the balance of costs and benefits of the future functioning of the euro area as well as the implications for macroeconomic policies in the countries intending to join the euro area.

Originality: The author tries to provide an overview of the roots of the crisis in the euro area with the assessment of the reforms aiming to prevent similar crises in the future. The arguments presented in the article are against the view that the main reason for the crisis was a weak fiscal policy of the euro area countries.

Purpose: This article aims to analyze business models and their key elements. In light of the considerations on the merits and circumstances of innovation in business models, it presents the results of a panel discussion conducted in this area during the interdisciplinary conference “Time to develop. Strategic thinking in work and everyday life”.

Methodology: Discussion, literature studies, the results of studies carried out by international research centers and the results of a panel discussion conducted during the conference.

Results: As a result of the discussion the Authors conducted an analysis of the components of the business model, demonstrated the circumstances in which changes in the business model are needed and outlined the main stimulators and inhibitors of change.

Originality: The topic of innovation in business models is current and important for the development of both theory and practice, but is rarely addressed in Polish scientific studies. In times of economic crisis, when more and more companies are considering the revision of the current model, an accurate identification of the key conditions is important for the effective implementation of innovation in the business model.

Purpose: The article aims to present the financial situation of Polish households
affected by financial and economic crisis.

Method: A direct survey based on questionnaire interviews with 1896 households
was conducted in order to collect full and up-to-date information on the level of their
current incomes, savings, and preventive measures taken to improve the material
situation, the subjective assessment of the material conditions and the allocation of
monetary resources.

Conclusions/Originality: The article provides a thorough insight into the influence
of a financial and economic crisis on the financial situation of Polish households.
Based on the conducted survey, the structure of the households’ savings, the changes
therein, as well as their projected uses were identified. The preventive and remedial measures that households take to improve their material conditions were also analysed. The direct survey provided an opportunity to evaluate the selected households with respect to their material conditions and the allocation of cash resources.

Cel: celem opracowania jest ocena zdolności struktur sieciowych do ograniczenia zagrożeń wynikających z kryzysu gospodarczego w oparciu o wyniki badań przeprowadzonych w 50 przedsiębiorstwach, działających w 10 strukturach sieciowych.

Metodologia i wnioski: badania wykonano, wykorzystując metodę ankiety bezpośredniej, a respondentami byli członkowie naczelnego kierownictwa. Na podstawie badań stwierdzono, że głównymi zaletami takich struktur, ograniczającymi zagrożenia wynikające z kryzysu gospodarczego, są wzajemna pomoc partnerów, większa możliwość ekspansji rynkowej, wymiana zasobów oraz korzystniejsza pozycja w relacjach z otoczeniem gospodarczym i administracyjnym. Natomiast do podstawowych mankamentów tych struktur zaliczono: niechęć do współpracy pomiędzy partnerami sieci, myślenie autonomizacyjne, nastawione jedynie na interesy własnej jednostki oraz konflikty pomiędzy centralą sieci a firmami partnerskimi.

Oryginalność: Podjęte badania wydają się ważne zwłaszcza w obliczu nadal trwającego kryzysu gospodarczego w Polsce, jak i na świecie oraz wciąż pojawiających się nowych form organizacji sieciowych, a określenie korzyści i mankamentów funkcjonowania w strukturach sieciowych w warunkach kryzysu gospodarczego stanowi ich oryginalność.