Liczebność rad nadzorczych a strategie na poziomie korporacji polskich spółek publicznych
The supervisory board size and corporate-level strategies of Polish listed companies

Summary/Abstract: This study examines the impact of supervisory board size on corporate-level strategies of Polish listed companies. The study uses data of 201 companies whose values were listed at the end of 2011 at the Warsaw Stock Exchange. After using two different multiple regression models the results have showed that the size of the supervisory board has a rather strong, although negative effect on two different corporate-level strategies: diversification and internationalization. Such surprising results may have been the unexpected outcomes of the previous privatization processes of Polish state companies, which could have impacted the strategies of Polish firms.

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