Conducted considerations embedded in the concept of new institutional economics. New institutional economics, unlike orthodox economics, allows for the explanation of diverse development rate of individual enterprises. In terms of new institutional economics causes of unequal development of enterprises should be sought in the institutions. The purpose of this article is to identify, analyze and evaluate the formal institutions of corporate governance in selected listed companies registered in Poland.
The research questions were formulated as follows:
- how companies coevolve with institutional environment?
- why some companies within the same institutional structure achieves better financial results?