Post-Privatisation Corporate Performance in Poland. Evidence from Companies Privatized in 2008-2011

Abstract

The 2008-2011 Polish privatization plan assumed that 740 enterprises would be privatized. The outcome of the plan implementation was 582 privatized companies, which is 78.64% of the initial plan. The Polish government assumed privatization’ revenue at the level of 54 billion PLN. Global financial situation and some privatization problems allowed reaching 44.02 billion PLN level, which was 81% of the planned value.

The authors drew a broad picture of the privatization process and investigated the performance of 59 privatized companies, eventually focusing on a deeper analysis of three companies.

Keywords: Private sector development, innovation and knowledge-based economy, Eastern Europe, Caucasus and Central Asia, privatization