Naslov
Protection of Minority Shareholder Interests in Post-Privatization Economies

Autori
Hruška, Domagoj

Vrsta, podvrsta i kategorija rada
Radovi u zbornicima skupova, cjeloviti rad (in extenso), znanstveni

Izvornik
Annals of DAAAM for 2010 & Proceedings / Katalinić, Ranko - Beč : DAAAM International Vienna, 2010, 1073-1074

Skup
21st International DAAAM Symposium "Inteligent Manufacturing & Automation: Focus on Interdisciplinary Solutions"

Mjesto i datum
Zadar, Hrvatska, 20.10.2010. - 23.10.2010

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
minority shareholders; corporate control; corporate governance system; transition

Sažetak
Problems in corporate governance system take place where mechanisms of protection of certain shareholders in weakest. High ownership concentration in most European transition economies can prevent opportunistic managerial behavior in the sense of using corporate control for they own benefit. However, high ownership concentration has its price – blockholders are in position to follow their own interest on the cost of minority shareholders. In other words, from the position of control they have over corporation, blockholders in transition countries are in position to expropriate minority shareholders. This paper argues how agency problem of difference between cash flow control and property in the hands of one or several shareholders poses biggest threat on stability of corporate governance system in European transition economies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA