Corporate governance and enterprise restructuring in transition economies: evidence from privatized Polish companies

Abstract

Suggests that the corporate governance (CG) systems of transition economies in Eastern Europe may differ from those of industrialized countries and describes the governance system in Poland, which uses National Investment Funds (NIFs) under supervisory boards and the Treasury to deal with the restructuring of enterprises to be privatized. Outlines the financial market environment in Poland and the NIFs’ role within it; and discusses the CG issues arising from the relationships between the NIFs and the supervisory boards. Recognizes the problems involved but doubts whether the use of UK/US or german CG systems would solve them. Hopes that the paper will provide a basis for further research.

Citation

Dockery, E. and Herbert, W.E. (2000), "Corporate governance and enterprise restructuring in transition economies: evidence from privatized Polish companies", Managerial Finance, Vol. 26 No. 9, pp. 80-92. https://doi.org/10.1108/03074350010766891