波兰的公司治理与财务绩效[文献翻译].doc

文档介绍：原文:(A-,B+,B,B-,andC+),,asexpressedbythedegreeofliquidity,profitabilityandthefinancialleveragevariables.(JELC10,O57,G30)pany,thecorporategovernancemeans:independentandefficientsupervisingbody,uratebooks,strongshareholders’,.,pany’smarketvaluelossresultingfromapotentialconflictbetweenthemanagersandtheowners(ShleiferandVishny,1996).InPoland,thecorporategovernancequestionshavebeenaddressedsincethebeginningofthefirstdecadein21stcentury,(PCFG)foundedin2000bytheInstituteforMarketEconomics(/).WarsawStockExchange(WSE)hasadoptedthecorporategovernanceprinciplesonthePolishmarketsince2002,paniesdeclaringthattheywouldobservemostofthebestpracticerules(/).Sincethen,thenewdocument,,,thefirstin2001andthesecondin2004(Tamowiczetal.,2001;Dzierzanowskietal.,2004).parable,’’description,the2004ratingwasbasedBontheanalysisofstatutes,internalregulations(by-laws)concerningfunctioningofsupervisoryandmanagementboardsandshareholders’panies’’’-essibilityfunctioningofthemanagementboardAuditor’sindependencelack