EBSEES: Bonin, John P. - Leven, Bozena - Can State-owned Banks Promote Enterprise Restructuring? Evidence from One Polish Bank's Experience

The European Bibliography of Slavic and East European Studies (EBSEES) collects books, journal articles, reviews and dissertations from Eastern Europe (former countries of Eastern Bloc) which were published in Belgium, Germany, Finland, France, Great Britain, the Netherlands, Austria and Switzerland from 1991 to 2007. The segment "Literature" and "Culture" of the European Bibliography of Slavic and East European Studies contains 18.000 bibliographic entries (from the total asset of 85.000). More information can be found here.

ID	103352
Author(s)	Bonin, John P.; Leven, Bozena
Title	Can State-owned Banks Promote Enterprise Restructuring? Evidence from One Polish Bank's Experience
Published	Post-Communist Economies 13, 2001, pp. 431-443
Language(s)	English
ISSN	1463-1377
Subjects	Poland / Banks and Banking [Browse all]
Note	"In this paper, we take a detailed look at one Polish bank's experiences with financial sector reforms focusing on a bank-led enterprise-restructuring plan that linked directly bank privatization and recapitalization to bad-debt workouts. Based on personal interviews and original statistical data, we evaluate the performance of Bank Depozytowo-Kredytowy (BDK) in promoting financial and operational restructuring of its clients. We found that BDK continued to provide soft lending to keep four old military-industrial companies afloat and actually increased its exposure to these companies during the program. The five success stories among BDK's clients were companies that had external agents other than the bank promoting and monitoring their operational restructuring. From our case study of BDK, we conclude that, while banks may play a role in financial restructuring of their clients, their ability to affect operational restructuring is quite limited. Moreover, stateowned banks are particularly vulnerable to incentive problems when dealing with large state-owned enterprises that may be too big or too political to fail."
Medium	article
URL	www.tandfonline.com (homepage)
Holdings	see in ZDB-Katalog
PURL	Citation link

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The European Bibliography of Slavic and East European Studies (EBSEES) - 1991-2007

Can State-owned Banks Promote Enterprise Restructuring? Evidence from One Polish Bank's Experience