<abstract xmlns="http://www.w3.org/1999/xhtml"><p>This article makes a case for holding groups as a type of enterprise structure which guarantees capital and structural security at the time of economic and political transition in the 1990s, which in a way prepared them for the global recession in the early 21st century. The case study of PKN Orlen is presented to illustrate the typical economic developments which accompanied privatisation and commercialisation of Polish state-owned enterprises. A major part of the article addresses management mechanisms which make a holding structure immune to strong economic turbulence which would otherwise be destructive to individual daughter companies.</p></abstract>

This article makes a case for holding groups as a type of enterprise structure which guarantees capital and structural security at the time of economic and political transition in the 1990s, which in a way prepared them for the global recession in the early 21st century. The case study of PKN Orlen is presented to illustrate the typical economic developments which accompanied privatisation and commercialisation of Polish state-owned enterprises. A major part of the article addresses management mechanisms which make a holding structure immune to strong economic turbulence which would otherwise be destructive to individual daughter companies.

Holding Groups: a Safe Corporate Structure at the Time of Recession

Faculty of Management Warsaw University of Technology, Warsaw, Poland

Foundations of Management

{"article-title":"Holding Groups: a Safe Corporate Structure at the Time of Recession"}

This article makes a case for holding groups as a type of enterprise structure which guarantees capital and structural security at the time of economic and...

Holding Groups: a Safe Corporate Structure at the Time of Recession

Published Online: Apr 18, 2013

Page range: 109 - 118

DOI: https://doi.org/10.2478/fman-2013-0014

This content is open access.