Abstract:

The article presents the problem of divestment in enterprises. The purpose of the research was to determine the scale and character of the divestment operations undertaken by companies in Poland. The subjects of the research were companies listed on the Warsaw Stock Exchange as part of the WIG-clothing sector index.

The results of the research indicated the limited activity of enterprises in the field of divestment. The subject of the divestment were mainly tangible fixed assets. To a much lesser extent, this process included intangible assets and long-term investments. The economic growth and good financial performance of the majority of analysed companies were important for making divestment decision. Companies were more willing to undertake investment projects than to limit their assets. The leading form of the divestment was the sale of assets, that enabled enterprises to obtain an additional source of financing.