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Changes in Corporate Governance Structures in Polish Privatised Companies

Author

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  • Piotr Kozarzewski

    (Institute of Political Studies, Polish Academy of Sciences)

Abstract

The paper presents early results of the survey of 84 Polish privatised industrial companies, sampled from a list of the 500 biggest firms. Three aspects of corporate governance were analysed: ownership structure, management of the companies, and supervision structures. An attempt was made to assess the influence of corporate governance characterisics on companies' performance. The main conclusion of the paper is that privatisation of the largest enterprises resulted in deep changes to their corporate governance structures, and those changes vary with ownership. Most favourable changes in corporate governance structures and performance were discovered in companies with highest levels of ownership concentration, especially in the hands of foreign investors.

Suggested Citation

  • Piotr Kozarzewski, 2002. "Changes in Corporate Governance Structures in Polish Privatised Companies," UCL SSEES Economics and Business working paper series 8, UCL School of Slavonic and East European Studies (SSEES).
    • Handle: RePEc:see:wpaper:8
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    File URL: http://discovery.ucl.ac.uk/17573/1/17573.pdf
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    References listed on IDEAS

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    1. Barbara Blaszczyk & Richard Woodward, 1999. "Privatization and Company Restructuring in Poland," CASE Network Reports 0018, CASE-Center for Social and Economic Research.
    2. Piotr Kozarzewski & Richard Woodward, 2001. "Secondary Privatization in Poland (Part I): Evolution of Ownership Structure and Company Performance in Firms Privatized by Employee Buyouts," CASE Network Reports 0047, CASE-Center for Social and Economic Research.
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    Cited by:

    1. Natalia Isachenkova & Tomasz Marek Mickiewicz, 2003. "Ownership Characteristics and Access to Finance: Evidence from a Survey of Large Privatised Companies in Hungary and Poland," UCL SSEES Economics and Business working paper series 35, UCL School of Slavonic and East European Studies (SSEES).

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