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Corporate longevity is – in essence – determined by a company’s intrinsic competitive advantage (sometimes dubbed a “moat”) as well as exogenous factors: from business doing ease – to broader, macroeconomic and strategic factors. In this study, we have endeavoured to compare the business environments and corporate sectors of two recent entrants into the European Union: Estonia and Poland. Overall, Estonia, thanks to greater resolve in post-communist liberal transition, has consistently ensured a superior corporate governance framework. Surprisingly, it is the macroeconomic and strategic steadiness that led to higher corporate survival in Poland. The global economic crisis of 2007–2009 is expected to further back this claim, as the patterns of macroeconomic growth for both countries are set to widen.

Business environments versus corporate survival in Estonia and Poland in 2001–2009