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Author: | Aggestam, M. |
Title: | Corporate governance and capital groups in Poland |
Journal: | Journal for East European Management Studies (JEEMS)
2004 : VOL 9:4, p. 367-390 |
Index terms: | Corporate governance Capital Transition economies Central Europe Poland |
Language: | eng |
Abstract: | In Poland, major changes in corporate governance (hereafter as: c-g.) has been brought by the process of systemic change. The enforcement of new laws has created a culture of compliance shaping capital groups (hereafter as: cap-gs.) and the management ethos of the cap-gs. It is argued that the Polish versions of cap-gs. are markedly different from their Western counterparts. This paper aims to discuss c-g. structures within cap-gs. from their transformation, institutionalization contingencies. Describing current forms of cap-gs., the focus is on c-g. issues illustrated by two cap-gs. Building on the Weimer-Pape (1999) framework, a taxonomy is proposed contrasting c-g. in Poland with other economic systems. |
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