State-owned enterprises in Poland - annual aggregated report - proposal

• Autorzy: Krzywdziński Krzysztof

Identyfikatory

DOI

10.29119/1641-3466.2024.198.14

• Języki publikacji: EN

Abstrakty

EN

Purpose: The article aims to propose the scope of an aggregated annual report on the performance of state-owned enterprises (SOEs) in Poland. Design/methodology/approach: Analysis of the literature regarding the publication by supervisory authorities of aggregated annual reports on state-owned enterprises. Analysis of aggregated annual reports from 5 EU countries selected for comparative analysis. The choice of 5 out of 24 countries preparing an aggregated annual report on all SOEs resulted from the number and importance of SOEs in these countries. Findings: The analysis of aggregated annual reports from selected 5 countries showed that not all reports contain selected consolidated data of all SOEs or separate data about individual SOEs. In only 3 out of 5 countries (Sweden, Finland, and Norway) the reports contained aggregated data of all SOEs, and in 4 (apart from France) separate data of individual SOEs. Research limitation/implications: Due to the length of the article, only 5 countries out of 24 preparing annual aggregated reports on SOEs were included in the comparative analysis. Practical implications: The analysis is useful for all SOE stakeholders, especially politicians who create regulations concerning the state’s ownership policy and Polish society. Social influence: Introducing the need to publish an aggregated annual report on SOEs by the appointed state body (preferably the Ministry of State Assets) will positively impact the improvement of ownership supervision over these companies, to benefit the entire Polish society and other stakeholders. Originality/value: The analysis of aggregated annual reports on SOEs prepared in other countries and the indication of elements in these reports that can be used in the Polish report is a new solution. The results of the analysis are useful to politicians responsible for creating the state’s ownership policy, Polish society, and minority shareholders of SOEs interested in improving transparency in the supervision of SOEs, and thus in their operational effectiveness.

Słowa kluczowe

EN

state-owned enterprises; SOEs; corporate governance; aggregated annual report

PL

przedsiębiorstwa państwowe; SOE; ład korporacyjny; zagregowany raport roczny

• Wydawca: Wydawnictwo Politechniki Śląskiej
• Czasopismo: Zeszyty Naukowe. Organizacja i Zarządzanie / Politechnika Śląska
• Rocznik: 2024
• Tom: z. 198
• Strony: 253--277
• Opis fizyczny: Bibliogr. 30 poz.

Twórcy

autor

Krzywdziński Krzysztof

• University of Gdansk, Faculty of Management

• https://orcid.org/0000-0002-0411-887X

Bibliografia

• 1. Aguilera, R.V., Cuervo-Cazurra, A. (2009). Codes of good governance. Corporate Governance: An International Review, Vol. 17, No. 3, pp. 376-387.
• 2. Aluchna, M. (2014). Nadzór korporacyjny wobec krytyki koncepcji shareholder value. Studia Prawno-Ekonomiczne, vol. 16/2, pp. 10-11.
• 3. Bankier.pl, Retrieved from: https://www.bankier.pl/gielda/notowania/akcje, 26.06.2024.
• 4. Bundesministerium der Finanzen (2023a). Beteiligungsbericht des Bundes.
• 5. Bundesministerium der Finanzen (2023b). Grundsätze guter Unternehmens- und aktiver Beteiligungsführung im Bereich des Bundes.
• 6. Cadbury, A. (1992). The report ‘Financial Aspects of Corporate Governance Committee.
• 7. Claessens, S., Burcin, Y. (2012). Corporate Governance and Development: An Update, Global Corporate Governance Forum Focus 10 (rev.). International Finance Corporation, Washington, pp. 1-97.
• 8. Freeman, E. (1984). Strategic Management - A Stakeholder Approach. Boston.
• 9. Government Offices of Sweden (2020). State Ownership Policy and principles for state- owned enterprises 2020.
• 10. Government Offices of Sweden (2023). Annual report for state-owned enterprises 2022.
• 11. Government Shareholding Agency (APE) (2022). Annual report 2021-2022.
• 12. Iwanek, M., Wilkin, J. (1998). Instytucje i instytucjonalizm w ekonomii. Uniwersytet Warszawski, Wydział Nauk Ekonomicznych.
• 13. Jensen, M.C., Meckling, W.H. (1976). Theory of the Firm: Managerial Behavior, Agency Costs and Ownership Structure. Journal of Financial Economics, Vol. 3, No. 4, pp. 305-360.
• 14. Jerzemowska, M. (2002). Nadzór korporacyjny. Warszawa: PWE.
• 15. Ministerstwo Aktywów Państwowych (2023). Znaczenie spółek Skarbu Państwa dla Polski. Dlaczego nie warto ich wyprzedawać? Retrieved from: https://www.gov.pl/web/aktywa-panstwowe/znaczenie-spolek-skarbu-panstwa-dla-polski-dlaczego-nie-warto-ich-wyprzedawac--raport-map, 2.05.2024.
• 16. Ministry of Trade, Industry and Fisheries (2020). The state’s direct ownership of companies. Suitable value creation, Meld. St. 8 (2019-2020) Report to the Storting (white paper).
• 17. Ministry of Trade, Industry and Fisheries (2022). State Ownership Report - The State’s direct ownership of companies, 2021.
• 18. Norwegian Ministry of Trade, Industry and Fisheries (2023). State Ownership Report - The State’s direct ownership of companies, 2022.
• 19. OECD (2014). The Size and Sectoral Distribution of SOEs in OECD and Partner Countries. OECD Publishing. Retrieved from: http://dx.doi.org/10.1787/9789264215610-en, 3.06.2024.
• 20. OECD (2015). OECD Guidelines on Corporate Governance of State-Owned Enterprises, 2015 Edition. Paris: OECD Publishing. Retrieved from: http://dx.doi.org/10.1787/9789264244160-en, 3.06.2024.
• 21. OECD (2021). Ownership and Governance of State-Owned Enterprises: A Compendium of National Practices 2021. Retrieved from: https://www.oecd.org/corporate/ownership-and-governance-of-state-owned-enterprises-a-compendiumof-national-practices.htm, 3.06.2024.
• 22. Prime Minister’s Office 2020 (2020). Revenue through responsible ownership. Government Resolution on the State Ownership Policy 8 April 2020. Helsinki.
• 23. Publications of the Finnish Government 2023:52, K 2/2023 vp. (2023). Report on State Annual Accounts 2022 Annex 4 State corporate holdings.
• 24. Serwis Rzeczypospolitej Polskiej. Retrieved from: https://dane.gov.pl/pl/dataset/1198,wykaz-spoek-z-udziaem-skarbu-panstwa/resource/57392/table?page=1&per_page= 20&q=&sort=, 26.06.2024.
• 25. Shleifer A., Vishny R. (1997). A Survey of Corporate Governance. The Journal of Finance, Vol. LII, No. 2, pp. 737-781.
• 26. The European Union, Directive (EU) 2022/2464 of the European Parliament and of the Council of 14 December 2022 amending Regulation (EU) No 537/2014, Directive 2004/109/EC, Directive 2006/43/EC and Directive 2013/34/EU. Official Journal of the European Union, L 322/15, 16.12.2022, pp. 15-80.
• 27. The Royal Ministry of Trade, Industry and Fisheries (2023). Greener and more active state ownership. The State’s direct ownership of companies, Meld. St. 6 (2022 - 2023) Report to the Storting (white paper).
• 28. The Sarbanes-Oxley Act (2002). Pub.L. 107-204, 116 Stat. 7450.
• 29. Ustawa z dnia 29 września 1994 r. o rachunkowości (Dz.U. 1994, nr 121, poz. 591).
• 30. Ustawa z dnia 9 czerwca 2016 r. o zasadach kształtowania wynagrodzeń osób kierujących niektórymi spółkami (Dz.U. 2016, poz. 1202).

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa nr POPUL/SP/0154/2024/02 w ramach programu "Społeczna odpowiedzialność nauki II" - moduł: Popularyzacja nauki (2025).