Corporate Governance by Banks in Transition Economies
ISBN:
978-3-8244-6746-4
Auflage:
1998
Verlag:
Deutscher Universitätsverlag
Land des Verlags:
Deutschland
Erscheinungsdatum:
15.10.1998
Bearbeiter:
Format:
Softcover
Seitenanzahl:
274
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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.
Schlagwörter
Biografische Anmerkung
Dr. Arnold Holle promovierte bei Prof. Dr. Paul Bernd Spahn an der Johann Wolfgang Goethe-Universität, Frankfurt/Main. Er ist Investment Manager bei Baring Central European Investments, London.
