JEDNOSTKI SAMORZĄDU TERYTORIALNEGO JAKO EMITENCI PAPIERÓW WARTOŚCIOWYCH
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Date
2009
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Wydział Prawa i Administracji UAM
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TERRITORIAL SELF-GOVERNMENT UNITS AS ISSUERS OF SECURITIES
Abstract
For over ten years now territorial self-government units in Poland have been gradually becoming
an active borrower in the capital market. This paper is focused on the issues of ways of raising capital
by public entities such as through the issue of debentures or other forms of securities. Four of the main
types of those instruments have been analysed in depth, and the issuing procedures of either of them
as well their market share in the financial leverage of self-governing units have been presented.
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Ruch Prawniczy, Ekonomiczny i Socjologiczny 71, 2009, z. 3, s. 123-141