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Corporate Governance by Banks in Transition Economies

The Polish Experience

  • Authors
  • Arnold¬†Holle

Table of contents

  1. Front Matter
    Pages I-XVII
  2. Introduction

    1. Arnold Holle
      Pages 1-12
  3. The Literature

    1. Arnold Holle
      Pages 13-70
    2. Arnold Holle
      Pages 71-113
  4. The Corporate Governance Challenge

  5. The Survey

  6. Back Matter
    Pages 247-274

About this book

Introduction

In developed economies a consensus has evolved that banks should lend money to enterprises, not own them. Emerging economies face a different set of challenges which force us to reconsider the bank-enterprise relationship. In theory banks should play a key role in corporate governance. As a consequence, decision-makers in transition economies chose to emulate the German and Japanese models of bank-enterprise relationships. The empirical study presented here looks in detail at the Polish Enterprise and Bank Restructuring Program, which places banks center-stage. The Polish experience shows the necessity of completely overhauling the bankruptcy laws and institutions at the outset of any restructuring program. Banks need to be privatized before they can effectively exert corporate governance.

Keywords

Corporate Governance Governance Information Wirtschaftswissenschaft transition

Bibliographic information

  • DOI https://doi.org/10.1007/978-3-322-93369-0
  • Copyright Information Gabler Verlag | Springer Fachmedien Wiesbaden GmbH, Wiesbaden 1998
  • Publisher Name Deutscher Universit√§tsverlag
  • eBook Packages Springer Book Archive
  • Print ISBN 978-3-8244-6746-4
  • Online ISBN 978-3-322-93369-0
  • Buy this book on publisher's site
Industry Sectors
Finance, Business & Banking