Abstract: A psychological contract is an agreement between the
employer and an employee that covers the parties’ informal and
frequently non-verbalized obligations and expectations towards each
other. The contract is a cognitive pattern-governing employee’s
behaviour in the organization. A gap between employee’s
expectations and the organizational reality may lead to difficult-to-solve
conflicts or cause the employee to modify their behaviour
towards organizational values and goals, if they are willing and ready
to verbalize their expectations. The article discusses psychological contracts in the financial
institutions in Poland. Its theoretical part outlines the types of
psychological contracts in organizations (relational, transactional, and
balanced) and shows the process of their verbalization. The purpose
of the article is to present how the type of the psychological contract
relates to employee’s readiness to verbalize it. The article ends with
conclusions arising from the study.
Abstract: The aim of this study is to analyze the role and
effectiveness of internal mechanism (audit committee) of corporate
governance on credit institutions performance in Croatia. Based on
research objective, sample of 78 credit institutions listed on Zagreb
Stock Exchange, from 2007 to 2012, has been collected and
efficiency index of audit committee (EIAC) has been created. Based
on the sample and created EIAC, conclusions are as follows: audit
committees of credit institutions have medium efficiency, based on
EIAC measurement; there is a significant difference in audit
committee effectiveness, in observed period; there is no positive
relationship between audit committee effectiveness and credit
institution performance; there is a significant difference between
level of audit committee effectiveness and audit firm type. Future
research should contain increased number of elements in EIAC
creation and increased sample, for all obligators who need to
establish audit committee.
Abstract: Today, money laundering (ML) poses a serious threat
not only to financial institutions but also to the nation. This criminal
activity is becoming more and more sophisticated and seems to have
moved from the cliché of drug trafficking to financing terrorism and
surely not forgetting personal gain. Most international financial
institutions have been implementing anti-money laundering solutions
(AML) to fight investment fraud. However, traditional investigative
techniques consume numerous man-hours. Recently, data mining
approaches have been developed and are considered as well-suited
techniques for detecting ML activities. Within the scope of a
collaboration project for the purpose of developing a new solution for
the AML Units in an international investment bank, we proposed a
data mining-based solution for AML. In this paper, we present a
heuristics approach to improve the performance for this solution. We
also show some preliminary results associated with this method on
analysing transaction datasets.