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The article in the issue 10:3:

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Pawel Lont, Piotr Misztal, Rafał Rydzewski, Maciej Stradomski, Katarzyna Schmidt, Stanisław Ślusarczyk, Marcin Złoty, Marta Martyniak,

Doctor of Finance, Professor at the Poznań University of Economics and Business. Former Head of the Investment and Capital Markets Department. He specializes in capital markets, mergers and acquisitions in the private market, corporate financial strategies and corporate governance. He conducts numerous projects in the field of obtaining financing and restructuring of enterprises. He is a tax advisor (no. 12526) and the Chairman of the Programme Council of the Family Business Institute. Author of numerous scientific publications on corporate finance. He gained experience in banking, consulting companies and private equity funds. He is a member of supervisory boards in capital companies. Member of the Management Board of CMT Advisory. For many years associated with Eteron Capital Group, where he served as President and Board Member.
Manager and participant of projects of the State Committee for Scientific Research in the area of, among others, financial innovations and corporate finance strategies. Manager of the Ministry of Science and Information Technology project "Financial innovations in creating enterprise value". Participant of the Ministry of Science and Information Technology project "Permanent capital formation strategy as a tool for growth of enterprise value". Project Manager of the National Centre for Research and Development grant: "Determinants of enterprises' activity on the mergers and acquisitions market in Poland".


Doctor of Finance at the Poznań University of Economics and Business. Since 2020, associated academically and professionally with the Department of Money and Banking. She specializes in monetary policy, central banking, the phenomenon of low interest rates and corporate capital structure. From 2015 to 2018 she gained professional experience in the area of audit and transfer pricing working in consulting firms. In 2019, she attended a course at the London School of Economics and Political Science gaining knowledge in "Fixed Income Securities Debt Markets and the Macro Economy". Winner of competitions organized by the KDPW (for the best paper), and the NBP (for the best master's thesis). Author of numerous publications. Head of the grant realized within the research project of the Regional Initiative for Excellence of the Minister of Science and Higher Education of Poland on the new face of banking.


Investments of Polish Family Businesses

In this paper the authors address the issue of investments made by family businesses. Their study attempted to verify the level of investments made by Polish family businesses in comparison with the level of investments made by Polish non-family businesses. The study focused on the analysis of investment flows of Polish listed companies included in the WIG index for the years 2006-2018. A total of 233 companies were analyzed, including 177 non-family businesses and 56 family businesses. The results corroborated the argument that Polish listed non-family businesses invest much more money than family businesses. It was also observed that only a small percentage of companies in both groups invest their finances in research and development.


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