The Assessment of the Investment Activity of Enterprises Based on the Business Tendency Surveys

• Autorzy: Hanna Sękowska , Magdalena Święcka , Katarzyna Walkowska , Izabella Zagoździńska
• Języki publikacji: EN

Abstrakty

EN

In this paper the basic results of the business tendency surveys conducted by Central Statistical Office on investment activity of manufacturing industry and construction enterprises are presented. The data are presented for years 1999-2004 i.e. period when those surveys were fully harmonised with requirements of the European Commission. Presented data concern such elements of investment survey as: percentage of enterprises undertaking this kind of activity, size and directions of changes of investment activity, its motives and aims as well as sources of financing. The results of the surveys show situation of manufacturing industry and construction enterprises as well as their subgroups divided according to size classes and - for manufacturing industry - kind of activity. Results of the surveys confirm that the situation of Polish enterprises is still difficult what influences size of their investment activity. Larger units are in much better situation as well as those with foreign capital. In most cases the main reasons for investments are not the technical factors but enlargement of production to supply demand. The main aim of investment activity is modernisation of possessed fixed assets while beginning of new investment is not so important. This is the reason why investments aimed at automation and mechanisation of production are rare. On the other hand there is an evident influence of close accession to the European Union and willingness of many enterprises to cope with competition on international markets. In this paper the analysis of accuracy of enterprises' assessments of their investment activity was made through comparison with proper indicators of quantitative statistics. Collected results show that entrepreneurs assess size and directions of investment activity rather accurately indicating main directions of changes and turning points. It was more difficult for them to assess future directions of development of investments, especially in unstable situation of economy and with quick changes of general economic situation of the country. In this field the quality of collected results is much better for shorter term forecasts. (original abstract)

Słowa kluczowe

EN

Investment; Business cycles; Manufacturing sector; Construction

PL

Inwestycje; Cykl koniunkturalny; Sektor przedsiębiorstw; Budownictwo

• Czasopismo: Prace i Materiały Instytutu Rozwoju Gospodarczego / Szkoła Główna Handlowa
• Rocznik: 2005
• Numer: nr 75 Economic tendency surveys and cyclical indicators : Polish contribution to the 27th CIRET conference
• Strony: 159--170

Twórcy

autor

Hanna Sękowska

• Central Statistical Office, Poland

autor

Magdalena Święcka

• Central Statistical Office, Poland

autor

Katarzyna Walkowska

• Central Statistical Office, Poland

autor

Izabella Zagoździńska

• Central Statistical Office, Poland

Bibliografia

• Walkowska K., Zagoździńska I., (1999), Analysis and Causes of Microeconomic Disequilibria Based on Business Tendency Survey Results, Selected Papers submitted to the 23rd Ciret Conference 1997 in Helsinki.
• Sękowska H., Zagoździńska I., (2002), Situation of the Polish Manufacturing Industry Based on Qualitative Business Tendency Surveys, Surveys on Polish economy, Present State and the Perspectives of Development, Warsaw School of Economics, Warsaw.
• Walkowska K. (2002), Survey on Situation of Polish Construction Based on Results of Business Tendency Survey Conducted by Central Statistical Office, Surveys on Polish economy, Present state and the perspectives of development, Warsaw School of Economics, Warsaw.
• Walkowska K., Zagoździńska I., (2003), Present State of the Business Tendency Surveys Conducted by the Central Statistical Office, paper prepared on EU Workshop on Recent Developments in Business and Consumer Surveys, Brussel.
• Business Tendency Survey in Manufacturing Industry, Construction and Retail Trade - Quarterly Bulletin, CSO.
• The Joint Harmonised EU Programme of Business and Consumer Surveys (1998), European Economy No 6/1997, European Commission.
• Business Tendency Survey in Manufacturing Industry (2004), Construction and Retail Trade in March 2004, CSO.
• Statistical Bulletin, CSO, Warsaw 2004 www.stat.gov.pl.
• Fixed Assets in National Economy in 2002, CSO, Warsaw 2003.