Poland: Worker-driven Transformation to Capitalism?

Michał Federowicz

Chapter 6 in Corporate Governance in a Changing Economic and Political Environment, 2003, pp 144-169 from Palgrave Macmillan

Abstract: Abstract Corporate governance is an important part of the economic system. It links micro-level performance with the economic institutions of the most important segments of political economy: finance, and industrial relations. The problem of corporate governance begins with a distribution and delegation of property rights in a corporation, but it goes beyond the classic “agency problem” which points only to the relations between owners (investors) and managers. Other actors involved may also contribute to the governance structure. Property relations are not the only factors that affect and constrain strategic decision-making. Each country builds up its own constellation of formal and informal rules of the game, and types of involved actors.

Keywords: Corporate Governance; Central Bank; Banking System; Governance Structure; Ownership Structure (search for similar items in EconPapers)
Date: 2003
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Persistent link: https://EconPapers.repec.org/RePEc:pal:stuchp:978-0-230-28619-1_6

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DOI: 10.1057/9780230286191_6

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