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Business environments versus corporate survival in Estonia and Poland in 2001–2009

By Grzegorz Gołębiowski and Piotr Wiśniewski

Abstract

Corporate longevity is - in essence - determined by a company's intrinsic competitive advantage (sometimes dubbed a "moat") as well as exogenous factors: from business doing ease - to broader, macroeconomic and strategic factors. In this study, we have endeavoured to compare the business environments and corporate sectors of two recent entrants into the European Union: Estonia and Poland. Overall, Estonia, thanks to greater resolve in post-communist liberal transition, has consistently ensured a superior corporate governance framework. Surprisingly, it is the macroeconomic and strategic steadiness that led to higher corporate survival in Poland. The global economic crisis of 2007-2009 is expected to further back this claim, as the patterns of macroeconomic growth for both countries are set to widen

Topics: LCC:Economic theory. Demography, LCC:HB1-3840, LCC:Social Sciences, LCC:H, DOAJ:Economics, DOAJ:Business and Economics
Publisher: Vizja Press & IT
Year: 2010
OAI identifier: oai:doaj.org/article:a3f1ceef2dcc47169931fa823222463f
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