Articles de revues : « Corporate governance – Poland »

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Mortimer, Tom. « Corporate governance in Poland ». Corporate Ownership and Control 7, n^o 2 (2009) : 387–94. http://dx.doi.org/10.22495/cocv7i2c3p5.

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This article considers the traditional approach to the ’state’ Models of corporate governance, namely shareholder Model and stakeholder Model. It then considers the extent to which developments in a recent accession EU country, Poland, reflects either of these Models or adopts a hybrid approach. It then offers proposals for the future development of corporate governance within Poland.

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Dobija, Dorota. « Institutionalizing Corporate Governance Reforms in Poland : External Auditors’ Perspective ». Central European Management Journal 27, n^o 3 (15 septembre 2019) : 28–54. http://dx.doi.org/10.7206/cemj.2658-0845.2.

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Dziembowska, Maria. « Corporate governance in post-socialist Poland ». Corporate Ownership and Control 3, n^o 4 (2006) : 44–51. http://dx.doi.org/10.22495/cocv3i4p13.

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In this paper, I focus specifically on how changes in the legal framework shape the ownership and control structure of new and recently privatized companies in the emerging market economy of post-socialist Poland. I discuss the market for capital, which also depends on the legal system, as investors’ decision to invest is bound up with the sort of protection they are likely to receive against those who appropriate their money for the operations of the firm. I argue that governmental actions aimed at stimulating investment and economic development in post-socialist Poland and the emergent model of corporate governance is conditioned both by internal dynamics - such as previous corporate arrangements and the origins of the commercial law - and by external factors - such as EU accession, directives and policies regarding investment obligations and shareholder rights.

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Pašić, Polona, Borut Bratina et Mejra Festić. « Corporate Governance of Banks in Poland and Slovenia ». Naše gospodarstvo/Our economy 62, n^o 3 (1 septembre 2016) : 3–12. http://dx.doi.org/10.1515/ngoe-2016-0013.

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Abstract This paper focuses on the analysis of the characteristics of corporate governance in banks in Poland and Slovenia between 2005 and 2013. It studies the impact of corporate governance in these banks on their performance. The results of our research show that Slovenia achieved lower average scores for the variables and indicators related to the transparency of corporate governance than Poland. The density of banks with the highest corporate governance index scores was higher in Poland than in Slovenia. When examining the impact of corporate governance on bank performance as measured with net interest income, the regression analysis showed that its impact is positive in both countries and that it is statistically significant in Slovenia.

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Aggestam, Maria. « Corporate Governance and Capital Groups in Poland ». Journal of East European Management Studies 9, n^o 4 (2004) : 368–91. http://dx.doi.org/10.5771/0949-6181-2004-4-368.

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Belka, Marek, Anna Krajewska et Stefan Krajewski. « Corporate Governance and Economic Performance in Poland ». Eastern European Economics 37, n^o 1 (janvier 1999) : 5–38. http://dx.doi.org/10.1080/00128775.1999.11648683.

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Kowalewski, Oskar, Ivan Stetsyuk et Oleksandr Talavera. « Does corporate governance determine dividend payouts in Poland ? » Post-Communist Economies 20, n^o 2 (juin 2008) : 203–18. http://dx.doi.org/10.1080/14631370802018973.

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Owczarczuk, Magdalena, et Anna Wierzbicka. « Institutional Coherence and the Evolution of Corporate Governance in Poland ». Studia Sieci Uniwersytetów Pogranicza 5 (2021) : 143–57. http://dx.doi.org/10.15290/sup.2021.05.10.

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Goal – the purpose of the article is to present the significance and role of institutional coherence in the development and evolution of corporate governance in Poland. Research methodology – a review of the literature on examining the specificity of knowledge about the role of institutional coherence in the development and evolution of corporate governance in Poland and analysis and assessment of the changes in good practice codes in Poland. Score/results – a systemic approach to the issue of corporate governance reveals that it is a collection of both formal and informal institutions. Through mutual interac tion, corporate governance rules lead to the emergence of a relatively stable and predictable environment in which enterprises and their stakeholders can operate. Originality/value – analysis of good practice codes in Poland reveals that the process of their adjustment to the current social and cultural norms, as well as to the expectations of the market, can be positively evaluated, as evidenced by the fact that their new editions continue to be published. The provisions which appear in good practice codes year by year adequately reflect the needs and expectations of the market.

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Alinska, Agnieszka, et Anna Szelagowska. « CORPORATE GOVERNANCE IN THE COOPERATIVE BANKING SECTOR IN POLAND ». Financial and credit activity : problems of theory and practice 1, n^o 28 (29 mars 2019) : 4–15. http://dx.doi.org/10.18371/fcaptp.v1i28.163681.

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Aluchna, Maria. « Does good corporate governance matter ? Best practice in Poland ». Management Research News 32, n^o 2 (23 janvier 2009) : 185–98. http://dx.doi.org/10.1108/01409170910927631.

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Tamowicz, Piotr, et Michał Przybyłowski. « Still much to be done : Corporate governance in Poland ». International Journal of Disclosure and Governance 3, n^o 4 (décembre 2006) : 306–16. http://dx.doi.org/10.1057/palgrave.jdg.2040085.

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Gruszczynski, Marek. « Corporate Governance and Financial Performance of Companies in Poland ». International Advances in Economic Research 12, n^o 2 (mai 2006) : 251–59. http://dx.doi.org/10.1007/s11294-006-9007-5.

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Gad, Jacek. « Voluntary disclosures on control system over financial reporting and corporate governance mechanisms : Evidence from Poland ». Journal of East European Management Studies 25, n^o 4 (2020) : 698–729. http://dx.doi.org/10.5771/0949-6181-2020-4-698.

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The paper presents the results of research on the mechanisms of corporate governance functioning on the Polish capital market. The purpose of this article is to identify the impact of selected internal mechanisms of corporate governance on the scope of disclosures on the control system over financial reporting. Disclosures were presented by public companies operating on the capital market with an insider model of corporate governance. The research covered 301 companies listed on the Warsaw Stock Exchange and their voluntary disclosures published in 2013. The results indicate that the scope of disclosures on the control system over financial reporting is positively correlated with the presence of audit committee and the share of independent supervisory board members in their total number. The obtained research results confirm the belief presented in the literature that in an insider model of corporate governance internal mechanisms affect the scope of voluntary corporate disclosures. In addition, research results indicate that the scope of voluntary disclosures depends on the size of the company.

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Eulerich, Marc, Carolin van Uum et Sarah Zipfel. « Comparing corporate governance codes in Germany and Eastern Europe – An analysis of different corporate governance characteristics ». Corporate Ownership and Control 14, n^o 3 (2017) : 170–79. http://dx.doi.org/10.22495/cocv14i3c1art2.

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A series of accounting scandals and company failures led to a loss of trust by investors in an organization’s management, which triggered extensive debates regarding Corporate Governance. Eastern European countries require additional regulatory actions due to the privatization programs as a result of the transformation from the planned to market economy. The different corporate governance systems of the individual countries in terms of the monistic one-tier or the dualistic two-tier system resulted in distinctive contents of the corporate governance codes. Despite the differences, all codes have a common objective: to strengthen the confidence of investors through good corporate governance. The objective of this paper is to evaluate the similarities and differences of the Corporate Governance Codes (CGC) in various Central and Eastern European (CEE) countries. To do so, the CGCs of Romania, Slovakia, Slovenia, Hungary and Poland are illustrated and compared to the German Corporate Governance Code. On the basis of a broad theoretical model, the national characteristics of the CEE countries are linked to the respective code and the central components are evaluated in detail.

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Koladkiewicz, Izabela. « Building of a Corporate Governance System in Poland : initial experiences ». Corporate Governance 9, n^o 3 (juillet 2001) : 228–37. http://dx.doi.org/10.1111/1467-8683.00250.

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Slomka-Golebiowska, Agnieszka. « Bankers on boards as corporate governance mechanism : evidence from Poland ». Journal of Management & ; Governance 18, n^o 4 (9 novembre 2012) : 1019–40. http://dx.doi.org/10.1007/s10997-012-9251-4.

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Mititean, Pompei. « The compliance evolution of the corporate governance codes in emerging European countries – a content analysis perspective ». Journal of Accounting and Management Information Systems 20, n^o 3 (1 septembre 2021) : 516–36. http://dx.doi.org/10.24818/jamis.2021.03007.

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Research Question: Does the corporate governance codes from 18 Emerging European countries respect the European Commission recommendations? Motivation: The corporate governance is a wildly debated topic in the literature but only few studies are addressed to the level of compliance between the corporate governance and the European Commission recommendations, especially in emerging countries. Idea: The objective of this study is to analyse the corporate governance codes form eighteen Emerging European Countries and examine if these countries comply with the recommendations of European Commission regarding corporate governance by using the content analysis technique. The main research proposition is to identify how many out of the 32 recommendations included in this analysis are fulfilled by the corporate governance codes from the Emerging European Countries and how these developed during time. Data: Data sample consists of 18 corporate governance codes from Emerging European Countries, which are examined in the context of the recommendations of European Commission COM-284, and the next years updates from 2004 (2004/913/EC), 2005 (2005/162/EC) and 2009 (2009/384 and 385/EC), divided into five group, covering 32 recommendations. Tools: The latest versions of corporate governance codes from each country, from 2004-2020, were downloaded, collecting the data manually from each corporate governance code using the content analysis technique. Findings: The results illustrate that Slovenia and Czech Republic are the countries with the highest compliance degree, while Poland and Estonia are the countries with the least fulfilled recommendations Contribution: This paper provides a general overview regarding the level of compliance of the corporate governance codes and European Commission recommendations, thus being a starting point for researchers who will further study this subject. Secondly, we have contribute to the limited studies that analysed the evolution of corporate governance codes following the best practices for the companies issued by European Commission.

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Chapelle, Ariane. « Block investments and the race for corporate control in Belgium ». Corporate Ownership and Control 2, n^o 1 (2004) : 11–24. http://dx.doi.org/10.22495/cocv2i1p1.

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This paper investigates the common patterns of ownership structure across different corporate governance systems. We test the predictions of Zwiebel (1995) using ownership data of Belgian listed companies in 1995 and in 1999. Results show good applicability of the model. This empirical research relates to other contributions performing tests for Hungary, Poland, and Spain. Next the model and its limitations are discussed. The paper opens promising fields for research in ownership structure modeling adapted to corporate governance systems of Continental and Eastern Europe.

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Campbell, Kevin, Magdalena Jerzemowska et Krzysztof Najman. « Corporate governance challenges in Poland : evidence from “comply or explain” disclosures ». Corporate Governance : The international journal of business in society 9, n^o 5 (16 octobre 2009) : 623–34. http://dx.doi.org/10.1108/14720700910998184.

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Jeżak, Jan. « CORPORATE GOVERNANCE AS A CONCEPT IN EVOLUTION (THE CASE OF POLAND) ». Journal of Positive Management 5, n^o 1 (9 juin 2014) : 43. http://dx.doi.org/10.12775/jpm.2014.005.

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Gouiaa, Raef, et Alexander Kostyuk. « Editorial : An international outlook of corporate governance research ». Corporate Ownership and Control 17, n^o 4 (2020) : 4–6. http://dx.doi.org/10.22495/cocv17i4editorial.

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This issue of the journal “Corporate Ownership and Control” is absolutely unique from the point of view of the geodiversity of the research. Thus, having published 16 papers in this issue of the journal we can count the research on corporate governance in the USA, the UK, Norway, Australia, Italy, Germany, Netherlands, Portugal, Spain, Belgium, Sweden, Finland, Austria, Greece, Ireland, Poland, France, Brazil, Tunisia, Morocco, Egypt, the UAE, Saudi Arabia, Kuwait, and others. This provides a very solid vision of the corporate governance national practices worldwide. This issue of the journal proves once again that corporate governance became a global subject for research during the last decade. Scholars from all the countries of the world try to deliver the new research results related to the national markets providing room for further comparison and research and we hope that the readers will enjoy the results of the recently published papers.

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Syper-Jędrzejak, Marzena. « CSR and Its Development in Poland ». Kwartalnik Ekonomistów i Menedżerów 21, n^o 3 (1 juillet 2011) : 59–72. http://dx.doi.org/10.5604/01.3001.0009.5751.

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Regulations on corporate social responsibility, are instruments that fill the space between the codes of law and tradition, and morality. In this way the ethics of the company builds customer confidence, investor interest and pride in employees. Business activities in a global world result in many threats associated with loss of reputation of the company, exposure to the accusation of unethical actions. In this situation, conducting a long-term CSR strategy can become a tool for prevention and building competitive advantage. Among the tools used by organizations, to build socially responsible business the most popular are: eco-labelling, social marketing programs, including the ethics programs for staff and corporate governance. It should be noted that a huge responsibility for the effectiveness of programs and tools for CSR rests with the managers.

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Stroinski, Rafal T. « Shareholder or Manager ? On Corporate Governance in Private Equity Investee Companies in Poland ». European Company Law 4, Issue 2 (1 avril 2007) : 64–71. http://dx.doi.org/10.54648/eucl2007017.

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The author sets out the development and practice of private equity funds in Poland and their involvement with the investee companies’ day-to-day management. He discusses the specific settings of the Polish business environment, including the corporate governance principles of the Polish Private Equity Association.

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Szczepankowski, Piotr. « AUDIT COMMITTEE PRACTICE IN THE POLISH LISTED STOCK COMPANIES. PRESENT SITUATION AND DEVELOPMENT PERSPECTIVES ». Business, Management and Education 10, n^o 1 (4 juin 2012) : 50–65. http://dx.doi.org/10.3846/bme.2012.05.

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The audit committee is one of the parts of corporate governance mechanism, which is understood as the relationship between corporate managers, directors and the providers of equity, people and institutions who save and invest their capital to earn the return. This study presents survey research results of audit committee activity in Polish public stock companies quoted on the Warsaw Stock Exchange (WSE). The purpose of this paper is to present the audit committee practice in Poland after 2009. The paper shows that the audit committee practice is still the most problematic issue of transitional Polish corporate governance rules. The survey has shown that the corporate needs and its implementation, and communication with listed companies leave a lot of room for improvement. The paper is based on the documents prepared in 2010 by PricewaterhouseCoopers, the Polish Association of Listed Companies and the Polish Institute of Directors.

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Matuszak, Łukasz, Ewa Różańska et Małgorzata Macuda. « The impact of corporate governance characteristics on banks’ corporate social responsibility disclosure ». Journal of Accounting in Emerging Economies 9, n^o 1 (4 février 2019) : 75–102. http://dx.doi.org/10.1108/jaee-04-2017-0040.

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Purpose The purpose of this paper is to investigate the extent and trend of corporate social responsibility (CSR) reporting in commercial banks in Poland and examine the link between corporate governance characteristics, namely size of the bank, ownership, boards size, board diversity and CSR disclosures in the banks. Design/methodology/approach The annual reports and CSR reports of the banks were examined between 2008 and 2015 using content analysis and panel data analysis. Findings The results indicate that banks improved their CSR reporting practices during examined period. There are statistically significant differences in the level of CSR disclosures between banks with a different ownership structure. Both foreign majority shareholder group as well as state majority shareholder group have a positive influence on CSR as compared with Polish majority shareholder (PMS) group (excluding State). Moreover, being listed on stock exchange has a positive influence on CSR as compared with not being listed. Further, the results also revealed that there is a significant positive effect of almost all variables related to the management board, namely, size, female board leadership and foreign board members on CSR disclosure, whereas all supervisory board variables and all considered ownership variables have no statistically significant impact on CSR disclosure. Originality/value This research contributes to the existing literature because the banking sector is often excluded from CSR studies due to its specific legal regulations and seemingly little environmental impact. Moreover, there are only few studies analysing the effect of boards characteristics on the banks CSR disclosure, especially in emerging countries. This study is also the first of this kind focusing on the two-tier system. Furthermore, the study provides the instrument to measure CSR in the banking industry. Finally, the research stresses the crucial implications for banking sector, shareholders and regulatory bodies.

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Majocchi, Antonio, Vincenza Odorici et Manuela Presutti. « Corporate ownership and internationalization : The effects of family, bank and institutional investor ownership in the UK and in continental Europe ». Corporate Ownership and Control 10, n^o 2 (2013) : 721–32. http://dx.doi.org/10.22495/cocv10i2c4art7.

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While the role of corporate governance has been increasingly analysed during recent years, it is only very recently that the effects of corporate governance features on firm international strategies have been also considered. Using the Osiris database by Bureau van Djik we consider the potential role played by different kind of shareholders among the determinants of firm international level, distinguishing between the firms quoted in the UK from those listed in countries of Continental Europe (France, Germany, Italy, Poland and Spain). Overall our results confirm that different kind of ownerships affect with different degree of intensity the overall level of firm’sinternationalization. First, we find that ownership matter. Second, our results show that theeffects of ownership over firm’s international strategies depend also on the context of analysis.

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Słomka-Gołębiowska, Agnieszka, et Piotr Urbanek. « How to evaluate the quality of remuneration policy ? Evidence from the Polish banking sector ». Acta Oeconomica 70, n^o 3 (6 octobre 2020) : 423–47. http://dx.doi.org/10.1556/032.2020.00021.

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AbstractIn our paper we use an institutional perspective to define the concept of the quality of remuneration policy. Traditional perspective focuses on pay-per-performance relationship between top executives' remuneration and companies' performance. This study is based on the assumption that the acquisition of normatively defined compensation practices and structures is more important for the successful organization than the practices which enhance efficiency defined on the basis of input (compensation) – output (company's performance) relationship. We examine the relationship between the quality of executive remuneration policy and corporate governance standards in banks with a controlling blockholder. Based on the sample of a hand-collected data on corporate governance characteristics, executive remuneration, and financial results of all public banks in Poland from 2005 to 2015, we find that the effective implementation of sound corporate governance practices should be rooted in the form of obligatory normative acts. Consistent with other studies we find a positive and statistically significant relationship between the corporate governance measures and the quality of remuneration policy. In particular, our study shows the significant role of two institutional factors positively determining the efficiency of incentive contracts: remuneration committees and institutional ownership. We also find that the banks controlled by foreign corporations, especially the US–UK–Ireland financial institutions, have a significantly more effective compensation policy than the banks controlled by domestic investors.

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Grabinska, Barbara, Marcin Kedzior, Dorota Kedzior et Konrad Grabinski. « The Impact of Corporate Governance on the Capital Structure of Companies from the Energy Industry. The Case of Poland ». Energies 14, n^o 21 (7 novembre 2021) : 7412. http://dx.doi.org/10.3390/en14217412.

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The energy sector is expected to face fundamental challenges in the near future. On the one hand, it is experiencing a rapidly increasing demand for energy. At the same time, it is subject to the pressure of the climate policy due to environmental issues. For the same reason, the energy sector is forced to undertake costly investments to transform production from black to green energy. The issue of financing has become one of the key problems of the energy sector, especially in those countries in which energy production traditionally is based on fossil fuels, i.e., coal. The paper aims to investigate the impact of corporate governance on the capital structure of companies from the energy industry. We use three proxies of corporate governance quality: institutional investors, the board size, and state ownership and investigate their impact on capital structure. Our findings suggest that the latter two negatively impact debt levels. In our model, we control for financial factors and CEO personal characteristics. We use a Polish setting since transformational problems of the energy sector in Poland are especially visible. At the same time, energy companies in Poland are subject to the strict EU climate policy.

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Adamska, Agata, et Piotr Urbanek. « The Role of Mutual Funds in Corporate Governance Processes Among Listed Companies in Poland ». Gospodarka Narodowa 270, n^o 2 (30 avril 2014) : 81–102. http://dx.doi.org/10.33119/gn/100885.

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Bunget, Ovidiu-Constantin, Dorel Mateș, Alin-Constantin Dumitrescu, Oana Bogdan et Valentin Burcă. « The Link between Board Structure, Audit, and Performance for Corporate Sustainability ». Sustainability 12, n^o 20 (13 octobre 2020) : 8408. http://dx.doi.org/10.3390/su12208408.

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The economic and social transformations, the bankruptcies recorded, and the financial crisis affecting all economies have increased the interest for the corporate governance concept. Our intention in this paper was to study the impact of corporate governance attributes on performance given the information published by the entities listed on five stock exchanges from Europe, namely the main market from Bucharest Stock Exchange (BSE) in Romania, the Athens Stock Exchange(ATHEX) main market in Greece, Financial Times Stock Exchange 100 Index (FTSE 100) from Great Britain, Spanish Stock Exchange 35 Index (IBEX 35) from Spain, and Warsaw Stock Exchange 20 Index (WIG 20) from Poland, between 2016–2018. Through mathematical modeling and multiple linear regression, we aimed to determine the extent to which corporate governance characteristics, firm characteristics, industry and stock market fixed effects, and random effects influence the performance of 226 entities included in our sample. The empirical findings revealed that CEO duality, the number of non-executive directors and women on board, audit committee, and audit opinion influenced performance measured by the Return on Assets (ROA) and Return on Equity (ROE) indicators. The ideas highlighted and the results obtained in this research contribute to the literature that analyzes the extent to which an effective governance determines the increase in performance, needed for a sustainable development.

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Samól, Katarzyna. « One- or Two-tier Board System ? A Comparative Analysis of the British and Polish Systems of Corporate Governance ». European Company Law 13, Issue 2 (1 avril 2016) : 67–78. http://dx.doi.org/10.54648/eucl2016010.

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Corporate literature and practice reveal that neither the British one-tier nor the Polish two-tier board system is entirely safe for business participants. This article considers the implementation of a one-tier board system in Poland to be an alternative to the currently binding one, in addition to increasing the number of independent supervisors on supervisory boards.

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Stobieniecka, Weronika, et Anna Białek-Jaworska. « Do local governments use municipal companies for off-balance-sheet financing ? » Central European Economic Journal 7, n^o 54 (12 décembre 2020) : 242–57. http://dx.doi.org/10.2478/ceej-2020-0014.

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AbstractThis paper investigates whether municipalities in Poland use their municipal companies to increase debt capacity beyond the limitations imposed by the fiscal debt rules. The article presents corporate governance and agency problems on the example of relations between local government units and affiliated companies. We review and link literature on corporate finance, in particular capital structure, and public finance - debt liabilities of municipalities. We analyse a sample of 2,019 observations of municipalities and their municipal companies using the Ordinary Least Squares (OLS) method, where explanatory variables were taken from the public and corporate finance (leverage and its determinants). Results show that long-term debt of municipalities is positively associated with the leverage and size of municipal companies, but it is negatively related to their profitability.

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Glowacki, Michal. « Governance of Public Service Media in Poland : The Role of the Public ». Media and Communication 3, n^o 4 (29 décembre 2015) : 26–34. http://dx.doi.org/10.17645/mac.v3i4.377.

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This paper analyzes the role of the public in governance processes in public service media (PSM) in Poland in the post mass-media era, characterized by participatory culture and network practices. Referencing the findings of the “Democratization of media policy in the digital ecosystems” (2014–2015) research project, the study aims to map the effectiveness of existing tools, practices and attitudes toward opening-up Polish public media enterprises to the public. Examination of media regulation, grey literature (corporate documentation, strategies, reports) and civil society initiatives are likely to indicate the ways and extent to which members of the public might currently participate in the decision-making and control. On the basis of hypotheses that public media enterprises in Poland are not fully prepared for the multi-stakeholder and advanced model of PSM, the study takes into account potential systemic/regulatory, organizational and social barriers for change. The salient questions to be addressed are: What are the strategies and practices through which members of civil society might get involved? At what stages are the publics able to engage? How can PSM take advantage of the development of online tools offering space for interaction and collaboration? How is it possible to make the public more active and interested in governance and participation?

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Moynahan, Will. « Dynamic governance : a new leadership model for Non-Execs ». Strategic HR Review 13, n^o 4/5 (3 juin 2014) : 161–64. http://dx.doi.org/10.1108/shr-06-2014-0036.

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Purpose – The purpose of this article is to present the latest Heidrick and Struggles (H&S) corporate governance report, Towards Dynamic Governance 2014. H&S have been monitoring the behaviour and habits of European boards for the past 15 years. Every two years they publish their European corporate governance report. Design/methodology/approach – H&S scrutinise the composition of boards in terms of gender, nationality and age; examine their tenure and the regularity of their meetings, and question how collective decisions are made. Using both quantitative and qualitative data collection, they canvass the opinions of board members drawn from the top listed companies of 15 European markets, formulating a unique and shifting bird’s eye view. Findings – H&S latest corporate governance report, Towards Dynamic Governance 2014, was published in March this year. There is no doubt, if we cast our eyes back to 1999, when the first report was prepared, that there have been notable improvements. The commitment, diversity and flexibility of boards is on the up. Sixty-eight per cent of boards in The Netherlands continue to combine the roles of the chief executive officer and Chair, and 40 per cent of boards in Poland still include no female directors, but the overall trend revealed by the data is positive. Originality/value – This is a brand new study made up of both quantitative and qualitative data. The report compares the behaviour and progress of different countries but perhaps even more revealing are the conversations with board directors and executive teams conducted as part of the report’s board effectiveness survey. These inputs enable H&S to tell a more nuanced story and to draw conclusions about the ideal future for European boards.

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Żak, Katarzyna. « IMPLEMENTATION OF CORPORATE GOVERNANCE PRINCIPLES COMPLIANT WITH OECD STANDARDS IN PUBLIC COMPANIES IN POLAND AND HUNGARY ». Scientific Papers of Silesian University of Technology. Organization and Management Series 2019, n^o 136 (2019) : 693–705. http://dx.doi.org/10.29119/1641-3466.2019.136.55.

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Kwaśny, Jakub, et Artur Sajnóg. « International Determinants of Comprehensive Income Reporting by Groups – An Analytical and Comparative Study of Poland and Germany ». Comparative Economic Research. Central and Eastern Europe 25, n^o 2 (20 juin 2022) : 163–85. http://dx.doi.org/10.18778/1508-2008.25.18.

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The mainstream theoretical and empirical research presented in the study is a comparative analysis of comprehensive income reporting by groups listed in the Polish and German capital markets. The theoretical part of the article is dedicated to a scientific discussion on the determinants of the capital market and corporate governance in continental Europe and the so‑called ‘new governance’, related to the convergence of financial reporting standards, including IFRSs, that oblige groups of entities to prepare consolidated statements of comprehensive income. It also assesses the relevance of comprehensive income to capital market players. The empirical part contains the results of comparative research on the format and structure of consolidated statements and the nomenclature of their components, as well as the findings from studies of the value relevance of comprehensive income for the WIG30 and DAX groups in 2009–2019.

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Gad, Jacek. « The association between disclosures on control system over financial reporting and mechanisms of corporate governance : Empirical evidence from Germany and Poland ». International Journal of Management and Economics 56, n^o 4 (6 novembre 2020) : 351–69. http://dx.doi.org/10.2478/ijme-2020-0028.

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AbstractThe aim of the research was to determine the impact of selected corporate governance mechanisms on the scope of disclosures related to control system over financial reporting in Poland and Germany. The research group comprised of companies from the Warsaw WIG 30 index and the German DAX index in 2013. The disclosures were measured by the number of detailed disclosures about control system over financial reporting presented by the surveyed companies. The research results indicate that selected corporate governance mechanisms affect the scope of disclosures regarding the system of control over financial reporting. It was found that the number of supervisory board committees and the number of meetings of the supervisory board have a significant positive influence on the scope of disclosures regarding control over financial reporting. But, the increase in number of meetings of the audit committee has a significant negative impact on the scope of disclosures regarding control over financial reporting. The results of the research also indicate the role of national determinants of the scope of disclosures. The study was a comparative one nature and was conducted among companies from developed and developing capital markets.

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Wieczorek-Kosmala, Monika, et Thomas Henschel. « The Role of ERM and Corporate Governance in Managing COVID-19 Impacts : SMEs Perspective ». Journal of Risk and Financial Management 15, n^o 12 (7 décembre 2022) : 587. http://dx.doi.org/10.3390/jrfm15120587.

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SMEs are perceived as more exposed to the consequences of external shocks. The purpose of our work is to examine whether the ERM sophistication or corporate governance mechanisms could be relevant in resistance to COVID-19 shock in the SMEs. In particular, we hypothesize that the SMEs with greater degree of ERM sophistication and stronger CG mechanisms will have a clearer understanding about the severity of the impacts from COVID-19. Our empirical evidence is based on the results of a survey conducted within a large sample of SMEs operating in Poland and in Germany within different experimental settings. We have found that the ERM and CG sophistication influence the perception of COVID-19 interruptions and will alert companies to adjust their business strategy and organizational structure to better cope with effects of the current crisis. The proposed framework can also be a valuable tool for consultants to use to enhance the ERM systems in SMEs.

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Słomka-Gołębiowska, Agnieszka, et Piotr Urbanek. « The Impact of Corporate Governance on the Transparency of Executive Remuneration Policy in Public Banks in Poland ». Gospodarka Narodowa 278, n^o 4 (31 août 2015) : 137–57. http://dx.doi.org/10.33119/gn/100842.

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Wasowska, Aleksandra, et Igor Postula. « Formal and informal governance mechanisms in state-owned enterprises ». Baltic Journal of Management 13, n^o 4 (1 octobre 2018) : 410–32. http://dx.doi.org/10.1108/bjm-06-2017-0172.

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Purpose The purpose of this paper is to shed light on the formal and informal governance mechanisms of state-owned enterprises operating in a post-transitional economy of Poland. Design/methodology/approach The study combines legal analysis of Polish regulations in force, review of literature on the Poland’s institutional legacy, and a statistical analysis, based on a data set of 204 management board members, 180 external supervisory board members, and 114 state officials supervising Polish SOEs in 2011. Findings Legally designed relationships among the management board, supervisory board, and the state treasury, represented by the minister and ministry officials, constitute the key formal governance mechanisms in Polish SOEs. They are, however, complemented by relationships between SOEs and their stakeholders and distorted by other informal phenomena, including informal noninstitutional behavior, mechanisms grounded in cognitive and normative institutions, and perception of the relationship structure by the actors themselves. As a result, key corporate governance actors differ in their perception of governance influences upon SOEs. Practical implications This study contributes to policymaking by helping authorities gain a better understanding of the governance challenges in SOEs. Originality/value This paper is one of the first and few empirical studies investigating the issue of formal and informal governance mechanisms in SOEs in post-transitional economies of CEE.

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JURKOWSKA-GOMUŁKA, Agata, Kamilla KURCZEWSKA et Yuriy BILAN. « Corporate social responsibility in public administration. Case of Polish central administrative institutions ». ADMINISTRATIE SI MANAGEMENT PUBLIC, n^o 36 (27 mai 2021) : 116–33. http://dx.doi.org/10.24818/amp/2021.36-07.

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The article aims to show that, currently, the concept of Corporate Social Responsibility (CSR) shall not be associated solely with business, but has been successfully absorbed in public administration. Theoreticians' views as to the possibility (or even necessity) of applying the concept of social responsibility in public administration are confirmed by the activities of public administration institutions at the central level in Poland. The subjects of the study were manifestations of the implementation of the CSR concept on two levels: 1) policy planning (based on the example of selected key strategic documents in the field of development policy from the last decade) and 2) operational activities of public administration. The article analyses the database on Good CSR Practices of Public Administration, gathered at the forum of the Working Group on Corporate Social Responsibility of Public Administration, operating at the Ministry of Funds and Regional Policy since 2018. The article also presents pioneering CSR reports published by three central public administrative institutions, whose representatives participated in the work of the group. The results of the analysis of the database and reports lead to the conclusion that, in Poland, the concept of CSR at the central administration level is implemented by institutions, although only occasionally reported. CSR should be considered an inherent part of modern public governance models constituting the paradigm of public administration activity.

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Kędzior, Marcin, Malgorzata Cyganska et Dimitrios Syrrakos. « Determinants of Voluntary International Financial Reporting Standards Adoption in Poland ». Engineering Economics 31, n^o 2 (30 avril 2020) : 155–68. http://dx.doi.org/10.5755/j01.ee.31.2.24603.

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The paper examines the determinants of voluntary International Financial Reporting Standards (IFRS) adoption in Poland. In doing so, it empirically confirms the impact of diverse CEO and supervisory board characteristics on voluntary IFRS adoption. The paper focuses on 446 publicly traded production companies from Poland. The analysis is based on logistic regression analysis. The empirical investigation confirms the impact on voluntary IFRS adoption of such factors as company size, international investors, international supervisory board, number of supervisory board members, CEO nationality. The paper contributes to the assessment of voluntary IFRS adoption determinants, by presenting for the first time CEO and supervisory board characteristics and their impact on voluntary International Financial Reporting Standards (IFRS) adoption, and the determinants of IFRS adoption from Central and Eastern Europe. The paper enhances existing knowledge of voluntary IFRS adoption by incorporating new CEO and supervisory board characteristics, thus closing a gap in the relevant literature. The results of the paper are significant from the supervisor’s perspective, the quality of financial statements and the effectiveness of corporate governance systems.

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Marona, Bartłomiej. « Use of the Agency Theory to Analyze the Commissioning System of Commune Real Estate Management ». Real Estate Management and Valuation 21, n^o 3 (1 septembre 2013) : 43–50. http://dx.doi.org/10.2478/remav-2013-0025.

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Abstract Municipal real property, including commune real estate usually managed through a model of a direct or indirect commissioning system, is becoming increasingly popular, especially in the context of the public management paradigm. The aim of the article is to present the essence of the commissioning system of commune real estate management and indicate the supervisory consequences which rest on the commune as a result of choosing this system. In order to fulfill the assumed research objectives, the article analyzes the commissioning system of commune real estate management in Poland with the use of the agency theory, a dominant theoretical concept of corporate governance.

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Jezak, Jan. « Corporate Governance in Developing Countries : Finding the Balance between Global Standards and Local Context — The Case of Poland ». International Journal of Trade, Economics and Finance 5, n^o 4 (août 2014) : 374–78. http://dx.doi.org/10.7763/ijtef.2014.v5.401.

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Campbell, Kevin, et Magdalena Jerzemowska. « Contested takeovers of family firms and socioemotional wealth : a case study ». Baltic Journal of Management 12, n^o 4 (2 octobre 2017) : 447–63. http://dx.doi.org/10.1108/bjm-12-2016-0277.

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Purpose The purpose of this paper is to provide an understanding of the importance of socioemotional wealth (SEW) to family firms in Poland viewed through the lens of the events surrounding the first hostile takeover bid of the post-communist era on the Warsaw Stock Exchange when the clothing company Vistula & Wólczanka (V&W) made an unsolicited, leveraged bid for the family-controlled jewelry company W. Kruk. Design/methodology/approach The 2008 takeover and its aftermath are described in the context of the corporate governance and legal environment in Poland. The case study events demonstrate the connection between firm behavior and SEW theory. Findings After the acquisition of W. Kruk by V&W, the Kruk family purchased stock in the newly named Vistula Group and gained influence over the supervisory board in concert with a business ally, eventually wresting back control of the company in the style of a Pac-Man “defense.” The case study illustrates the importance of SEW in family firm takeovers. Research limitations/implications The case study design has limitations for generalizability. Nevertheless the research highlights the important role of SEW preservation in understanding the market for corporate control of listed family firms in Poland. Practical implications Understanding the reaction by family firms to takeover bids requires recognition that there is a tradeoff between financial and SEW considerations, not just financial gains and losses. Originality/value The case study demonstrates the importance of SEW to family firms and suggests that the balance of power in takeovers on the Polish stock market rests with incumbent management.

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Kuras, Malgorzata. « CSR as the Foundation for Responsible Business Management – Good Practices in the Area of Organizational Governance ». Research in World Economy 10, n^o 4 (22 décembre 2019) : 78. http://dx.doi.org/10.5430/rwe.v10n4p78.

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The concept of corporate social responsibility (CSR) undertaken in the paper is an extremely important element of management in modern enterprises. It has been gaining increasing recognition all over the world. Also in Poland, entrepreneurs are increasingly interested in conducting business oriented not only towards economic effects but also broadly understood social interests and ecology. Nowadays, responsible business management is long-term operations, leading to finding the solutions which are beneficial both for the enterprise and its employees, local community, cooperation partners, investors and other stakeholders. The application of CSR principles allows enterprises to conduct their business activity in compliance with the principles of sustainable development, which is significant for the future of the whole world. One of the issues of the concept of CSR is the issue of organizational governance. As a key element of CSR, it has an impact on proper functioning of other areas and provides correct and persistent implementation of the principles of social responsibility. The objective of the paper is to present the issues of social responsibility, particularly taking into account organizational governance and an attempt to analyze good practices implemented in this area in enterprises operating in Poland. The paper reviews the activities undertaken for the implementation and development of CSR in enterprises and the definition of organizational governance. The analysis of good practices introduced in enterprises in the area of organizational governance in 2011-2017 was carried out, divided into five categories (reporting, ethics, management, dialogue with stakeholders and compliance). The benefits, which were gained by enterprises due to the implementation of good practices, were also indicated. The presented analysis can become an inspiration for the application of the presented practices by enterprises planning to undertake activities under CSR.

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Zieliński, Mariusz, et Małgorzata Adamska. « ESG Assessment from the Perspective of the Management Board and Trade Unions on the Example of the Opole Power Plant ». Energies 15, n^o 21 (30 octobre 2022) : 8066. http://dx.doi.org/10.3390/en15218066.

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The Opole Power Plant is part of the PGE group (Polish Energy Group), the largest power company in Poland. It produces electricity from coal combustion, which means that ESG (environmental, social and corporate governance) policy should be one of the power plant’s strategic priorities. The article focuses on evaluating the ESG activities implemented by the power plant and their relation to the standards set at the corporation. The article’s primary hypothesis is that ESG activities are a significant element of the power plant’s strategy, with most of them determined by policies undertaken at the level of the PGE Group as a whole. The secondary hypotheses assume that trade union representatives attach greater importance (than management) to the social elements of ESG (H2) and that individual management representatives rate higher regarding the importance of those ESG areas for which they are personally responsible (H3). The research method used in the article consists of interviews conducted with representatives of the power plant’s board of directors responsible for individual areas of ESG activities and representatives of trade unions. In addition to groups of questions relating to corporate governance, the empirical material was organized from the perspective of power plant stakeholders. The results obtained support the acceptance of the first two hypotheses posed and the rejection of the third one.

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Słomka-Gołębiowska, Agnieszka, et Piotr Urbanek. « Executive Remuneration Policy at Banks in Poland After the Financial Crisis - Evolution or Revolution ? » Comparative Economic Research. Central and Eastern Europe 17, n^o 2 (10 juillet 2014) : 25–44. http://dx.doi.org/10.2478/cer-2014-0012.

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The executive remuneration policy of financial institutions has been indicated as one of the key factors that led to the recent financial crisis. As a consequence a number of legislative initiatives and best practices have been imposed,aimed at strengthening existing and creating new standards of good corporate governance at banks. The purpose of this article is to assess the effectiveness of Poland’s new regulations concerning banks' executive pay, which were introduced in the aftermath of the recent financial crisis. The research results indicate that the new legal rules have not been fully enforced. Public banks in Poland are not fulfilling the reporting obligations imposed by law and international principles. Given the crucial importance of executive remuneration policy in the financial sector to the stability of the banking sector, the inability to evaluate the progress made in the adjustment of executive remuneration practices to the new regulations may be perceived as one of the important risk factors that has not been effectively eliminated or even reduced in Poland yet.

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Baran, Michał, Aneta Kuźniarska, Zbigniew J. Makieła, Anna Sławik et Magdalena M. Stuss. « Does ESG Reporting Relate to Corporate Financial Performance in the Context of the Energy Sector Transformation ? Evidence from Poland ». Energies 15, n^o 2 (10 janvier 2022) : 477. http://dx.doi.org/10.3390/en15020477.

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This paper aims to investigate whether the environmental, social and corporate governance (ESG) score of companies operating in the energy sector is associated with their corporate financial performance (CFP). The research covered data from eight companies with a dominant position in the Polish energy sector. The research used the comparative analysis between ESG performance and accounting-based measures of profitability: return on equity (ROE), return on assets (ROA) and return on sales (ROS). Additionally, reference was also made to the DuPont model. The acquired results do not reveal repetitive dependencies that would facilitate the discovery of a pattern of the impact of the factors of ESG on the financial performance of enterprises. Despite indicating the cases of correlations between the ESG scores and CFP at a high level, indeed sometimes at a very high level, the particular case studies significantly differ from each other. This may be caused by the fact that Polish enterprises from the energy sector illustrate far-reaching specifics, among others, with regard to the key significance of the entities with a prevalent state ownership and strict administrative regulations, which are subject to the energy market, state of development and structure of the whole sector in Poland. Thus, this is also why the mechanisms or dependencies, whose existence it is possible to expect in conditions of free competition, may be weakened or even eliminated in Polish conditions.

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Leiber, Simone, Kamil Matuszczyk et Verena Rossow. « Private Labor Market Intermediaries in the Europeanized Live-in Care Market between Germany and Poland : A Typology ». Zeitschrift für Sozialreform 65, n^o 3 (25 octobre 2019) : 365–92. http://dx.doi.org/10.1515/zsr-2019-0014.

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AbstractThis article looks at the role of private companies involved in organizing so-called live-in care arrangements between two EU member states, Germany and Poland. Due to gaps in the public long-term care system, employing livein migrant care workers in private households has become a widespread individualized solution to rising long-term care needs in Germany. Since eastern EU enlargement, private brokerage agencies placing Polish live-in migrant care workers in German households have grown considerably. Building on approaches conceptualizing the role of intermediaries in formalizing domestic work, we aim to provide a more fine-grained typology of private brokerage agencies, taking into account not only the legal environment and structural features of these private enterprises, but also their strategic positioning under conditions of high legal uncertainty in the EU multi-level governance system. By analyzing corporate as well as political strategies of these intermediaries, we distinguish three different agency types we call pioneers, minimum effort players and followers.

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