JMFS Journal of Management and Financial Sciences Volume V • Issue 9 (September 2012) SZKOŁA GŁÓWNA HANDLOWA W WARSZAWIE (WARSAW SCHOOL OF ECONOMICS) Collegium of Management and Finance THE SCIENTIFIC COUNCIL OF JOURNAL OF MANAGEMENT AND FINANCIAL SCIENCES Janusz Ostaszewski – Chairman (Warsaw School of Economics) Ryszard Bartkowiak – Vice-Chairman (Warsaw School of Economics) Luisa Anderloni (University of Milan) Edward Altman (New York University) Paul H. Dembinski (Observatoire de la Finance in Geneva) Ivo Drahotský (University of Pardubice) Mikhail A. Eskindarov (Financial University under the Government of the Russian Federation) Jan Głuchowski (Toruń School of Banking) Małgorzata Iwanicz-Drozdowska (Warsaw School of Economics) Jan Komorowski (Warsaw School of Economics) David Mayes (University of Auckland) Biswa Swarup Misra (Xavier Institute of Management in Bhubaneswar) Mileti Mladenov (University of National and World Economy in Sofi a) Maria Romanowska (Warsaw School of Economics) Piotr Wachowiak (Warsaw School of Economics) TRANSLATION (except articles submitted by the Authors in English) Mirosław Szymański LANGUAGE SUPERVISION Kevin Essex STATISTICAL EDITOR Tomasz Michalski THEMATIC EDITORS Małgorzata Iwanicz-Drozdowska (Finance) Wojciech Pacho (Economics) Piotr Płoszajski (Management) COVER Ewa Grabowska TECHNICAL ASSISTANT Marcin Jakubiak ISSN 1899-8968 Typesetting and printed by: Dom Wydawniczy ELIPSA, ul. Inflancka 15/198, 00-189 Warszawa tel./fax 22 635 03 01, 22 635 17 85, e-mail:
[email protected], www.elipsa.pl CONTENTS From the Scientific Council . 5 Post Crisis Corporate Governance Lessons. The case of the US investment banks Maria Aluchna . 7 Methods of Increasing Bank Capital Effectiveness – part 3 Tomasz Cicirko . 33 Small Local Stores in Poland: Changes in the Retail Market and Consumer Preferences Anna Dąbrowska, Teresa Słaby .