Efektywność nadzoru właścicielskiego w okresie kryzysu

• Authors: Włodzimierz Rudny

Title variants

EN

CORPORATE GOVERNANCE AT THE TIME OF FINANCIAL CRISIS

• Languages of publication: PL

Abstracts

EN

The 2007-2009 financial crisis has had numerous causes. One of the most important has been the weakness of the corporate governance systems in most of the financial institutions. These systems were not efficient enough to prevent managers from taking too risky decisions, oriented on short-term profits. The abnormally high risk appetite has been encouraged by wrong incentive systems, rationalization mechanisms and opportunities created by lax regulatory framework. Corporate governance systems of financial institutions need to be improved .In particular the orientation of these systems needs to shifted form short-term perspective of shareholders returns to longer-term perspective of company performance and interests of all stakeholders

Keywords

EN

FINANCIAL CRISIS; RISK; CORPORATE GOVERNANCE

• Publisher: Wydział Zarządzania - Uniwersytet Gdański
• Journal: Zarządzanie i Finanse
• Year: 2012
• Volume: 4
• Issue: 2
• Pages: 219-228

Contributors

author

Włodzimierz Rudny

• Katedra Zarządzania Przedsiębiorstwem, Uniwersytet Ekonomiczny w Katowicach, ul. 1 Maja 50, 40-287 Katowice