Naslov
Comparative Analysis of Managerial Ownership and its Effect on Corporate Performance in Selected Asian and European Transition Economies

Autori
Tipurić, Darko ; Hruška, Domagoj ; Daraboš, Maja

Izvornik
Chinese Business Review (1537-1506) 10 (2011), 4; 255-265

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

Ključne riječi
transition; corporate governance; market for corporate control; ownership structure; managerial ownership

Sažetak
This paper analyses determinants and consequences of managerial ownership within ownership structures of the selected European and Asian transition countries. Focus of the analysis is on influence of the specific unification of ownership and control on corporate performance. Findings in the paper are based on research that produced empirical data for Croatia which is subsequently compared with evidence from other Asian and European transition countries facing the same issues. Consequently, transitional ownership structures, influenced by actual privatization process, like emergent corporate governance mechanisms, highly concentrated ownership and undeveloped markets for corporate control are also described. Research findings show that direct or indirect managerial ownership are important phenomena in transition countries, research has also shown that stable and concentrated managerial ownership have positive effects on firm profitability in the observed transitional environments.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA