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Safe Bank

Published: 2022-03-31

Ownership structure as a corporate governance mechanism in Polish banking

Agnieszka Ertman Logo ORCID , Magdalena Kuźma Logo ORCID
Section: Problems and Opinions
https://doi.org/10.26354/bb.2.1.78.2020

Abstract

The aim of this article is to assess the influence of the source of majority capital in banks quoted on the Warsaw Stock Exchange on the way corporate governance influenced these entities in the years 2014-2018. Annual reports and reports on supervisory board’s activities of analyzed banks were the main sources of this research. The study showed that corporate governance mechanisms in banks with dominant domestic capital differed from mechanisms in banks with foreign capital. The differences related to the dispersion of the share capital, the number of members in supervisory boards and management boards, including foreigners, and the frequency of changes in these bodies’ composition. The number of meetings of the supervisory board and of its resolutions varied as well. Moreover, in banks in which the majority shareholder changed from foreign to domestic, characteristic features of banks with domestic capital were revealed. This concerned, among others, higher dispersion of share capital, lower share of foreigners in banks’ authorities, frequent changes in the supervisory board’s composition and its more intensive work in terms of meetings and resolutions. In regard to other characteristics, the impact of changes in the ownership structure was ambiguous.

JEL Codes

G34, G21, G32

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Citation rules

Ertman, A. ., & Kuźma, M. . (2022). Ownership structure as a corporate governance mechanism in Polish banking. Safe Bank, 78(1), 23–52. https://doi.org/10.26354/bb.2.1.78.2020

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Vol. 78 No. 1 (2020)
Published: 2023-11-02


ISSN: 1429-2939
eISSN: 2544-7068
Ikona DOI 10.26354

Publisher
Bankowy Fundusz Gwarancyjny

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