engleski

THE OWNERSHIP STRUCTURE OF CROATIAN COMPANIES

The issue of corporate governance in transitional economies has become important topic and usually it is connected with the ownership structure, ownership concentration and principle-agent problem. The role and importance of different types of owner and their concentration have changed throughout period of 25 years of privatization in Croatia. The changes in the ownership structure directly reflected on the changes in corporate governance processes. The paper examine the ownership structure of publicly traded companies and the role and influence of specific type of investors (owners) on monitoring power and better corporate governance practice of companies. The main objective of this study is to identify and provide detail analysis of ownership structure and ownership concentration in Croatian companies, and for that reason, we observed 154 companies that were continuously listed at the Zagreb Stock Exchange in the period from 2007 and 2016. Further, the authors discuss the relationships between ownership structure, ownership concentration and a number of consequences for the company’s performance.

Corporate Governance, Ownership Concentration, Listed Companies, Performance Indicator

nije evidentirano