Banks and the Privatization of Enterprises in Poland

Robert Chudzik
Additional contact information
Robert Chudzik: European University Viadrina

Chapter 10 in Privatization, Corporate Governance and the Emergence of Markets, 2000, pp 155-170 from Palgrave Macmillan

Abstract: Abstract The privatization of the industrial sector is one of the major tasks governments in transitional economies are confronted with, but only a minority of countries have managed to pursue it successfully. There are many reasons that explain this sluggishness, with various political constraints standing at the top of the list, but the lack of large institutional investors is commonly mentioned next. This is why some experts point to banks as appropriate candidates to take an active stance in the privatization process (van Wijnbergen, 1994). In this chapter we address this issue with reference to the Polish experience. The first section discusses whether the banks as large equity holders are able to contribute to the process of restructuring enterprises. It takes a closer look at the problem of whether banks which hold both debt and equity can contribute to efficient corporate governance. In the present author’s view the arguments presented in the literature raise serious doubts.

Keywords: Corporate Governance; Supervisory Board; Equity Holding; Turnover Ratio; Debt Holder (search for similar items in EconPapers)
Date: 2000
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-28607-8_10

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230286078

DOI: 10.1057/9780230286078_10

Access Statistics for this chapter

More chapters in Studies in Economic Transition from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().