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Titlebook: Corporate Governance by Banks in Transition Economies; The Polish Experienc Arnold Holle Textbook 1998 Betriebswirtschaftlicher Verlag Dr.

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The Budget Constraint in Transition Economiesrevalence was one of the key distinctions between centrally-planned, socialist economies and market economies. Subsequently, his concept became widely accepted, was empirically documented and has featured prominently in discussions of transition economics. This chapter sets out to describe the littl
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Survey Results on Banks and Corporate Governanceigned on the one hand to allow the banks to offload of their bad debts, and on the other to induce enterprises to adjust to the realities of a market economy. Each bank leads and controls not only the process of debt renegotiation, but is also the key player in the restructuring of the enterprise. T
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Policy Implications of the Polish Enterprise and Bank Restructuring Program implement the notion that banks are best placed to harden the budget constraint on enterprises and control the industrial restructuring process during transition. In the first four chapters, this dissertation outlined a theoretical basis for this program, the academic and expert debate which preced
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