Naslov
Privatization Process in Croatia – Case Study of Croatia Insurance Company

Autori
Tipurić, Darko ; Hruška, Domagoj ; Krišto, Jakša

Izvornik
International journal of management cases (1741-6264) 10 (2008), 2; 60-67

Vrsta, podvrsta i kategorija rada
Radovi u časopisima, članak, znanstveni

Ključne riječi
privatization; Croatia; insurance market; Croatia insurance company

Sažetak
Croatia insurance company is the leading insurance company in Croatia according to total premium income. The Croatian government started the privatization process twice. The first tender for the sale of 51% of share was announced on July 30th 1999 and due to inadequate offers, which underestimated the value of Croatia insurance company, was revoked. Privatization models differ in implementation models, in ownership structure after privatization and in the way the company itself functions. The choice of privatization model isn’ t easy and should be based on set goals and understanding relevant circumstances of the privatization process. Each model has different implications on political and other goals. The optimal time dynamics of the privatization process for Croatia insurance company should be divided in two phases: first phase in which a part of shares should be offered in a IPO by the middle of 2008 and the rest of the shares should be used for stock distribution to shareholders and second phase which should follow after five years, or after it is certain that preconditions are set out. One of the main goals of privatization is the increase of profitability and success of business activities. It is therefore crucial to ensure that privatization is not reduced to only forming a new owner’ s structure but it should also introduce changes in the system of corporate management of Croatia insurance company.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA