Instytucjonalny właściciel (NFI) w warunkach adaptacji przedsiębiorstw do gospodarki rynkowej w Polsce

The author presents results of empirical research carried in 219 firms of National Fund Investment (NFI). The analysis of results showed that economic market environment of enterprises in 1990 revealed “underdevelopment” of governance structures in the investigated enterprises. As the consequence we could observe the lose of their abilities of adaptation. It was determined by the feeling of “scale complex” of managers activity. The author puts the question whether the institutional owner (NFI) will manage to successfully change the structure of firms when their structure o f management brings conflicts. In order to solve this question further research should be carried out.