engleski

Comparative analysis of contemporary corporate governance issues in selected transition economies of south-east Europe

All over the World we see a significant challenge for business in addressing the demands of different stakeholders. Business has been caught in the gap between long-term global challenges exacerbated by the financial crises and economic collapse. This paper offers a comparative insight to the most important issues of corporate governance in selected economies of South-Eastern Europe. It is widely accepted that both the private sector and governments can benefit from identification of the most important determinants and implications of a good corporate governance system. Both sides of corporate governance systems have a common goal - the protection of investors' right and transparency of the system in which transactions take place. However, it is also well recognized that systems of corporate governance in attempt to gain necessary level of harmonization and consistency rely heavily on contextual factors of specific economies. Comparative approach used in the paper uncovers differences in major corporate governance issues which currently occur in selected transition countries. Specifically, the research covers corporate governance in Bosnia and Herzegovina, Croatia, Serbia and Slovenia. Although selected countries to some extend share history of their economic development, the results of the research indicate that today there are very different issues in consequent systems of corporate governance.

Stakeholders ; Stakeholders Management ; Corporate Governance ; South-Eastern Europe

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