2014 | 166 | 228-237
Article title

Zmiany akcjonariatu a rotacja członków zarządu na przykładzie polskich spółek publicznych

Title variants
The Changes in Shareholder Structure and Managerial Turnover - Evidence from Polish Public Companies
Languages of publication
This paper examines the impact of changes in shareholder structure on managerial turnover in Polish public companies. The turnover rate for the members of management boards has significantly increased following the changes in ownership structure. The disciplining action of corporate control market on top executives is weaker during the less active period of takeover activity due to economic downturns. In such periods companies' boards do not undertake too radical personnel decisions, as it may be too risky and does not guarantee improvement in economic performance of the company.
Physical description
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Document Type
Publication order reference
YADDA identifier
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