Naslov
The Role of Institutional Investors in Closed Systems of Corporate Governance – The Case of Croatia

Autori
Tipurić, Darko ; Mešin, Marina ; Rudelj, Katja

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

Izvornik
Future Organization Proceedings of the 30th International Conference on Organizational Science Development / Ferjan, Marko ; Kljajić Borštnar, Mirjana ; Pucihar, Andreja - Maribor : Moderna organizacija, 2011, 1415-1422

ISBN
978-961-232-246-5

Skup
30th International Conference on Organizational Science Development

Mjesto i datum
Portorož, Slovenija, 23.03.2011. - 25.03.2011

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
institutional investors; corporate governance; transition

Sažetak
Institutional investors have a very important role in corporate governance. Their importance is widely discussed in developed countries, especially in the Anglo-Saxon business environment. This paper analyses the importance and the role of institutional investors in corporate governance in Croatia which is characterized by a closed system of corporate governance. In Croatia the situation is specific and related to problems of transition. Besides the typical institutional investors, in Croatia there are unique institutions that are shareholders and have control rights in Croatian publicly held companies. Empirical research conducted on a sample of 50 largest publicly held Croatian companies shows that the issue of institutional investors in Croatia is mainly governed by the laws. Even though their average ownership is smaller in comparison to developed counties and there is no institutional investors association, institutional investors have a complex and an important role in corporate governance in Croatia.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA