Naslov
Corporate governance in transitional economies: Business groups in Croatia

Autori
Collin, Sven-Olof ; Češljaš-Bajakić, Ivana

Izvornik
Journal for East European management studies (0949-6181) 7 (2002), 2; 162-186

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

Ključne riječi
corporate governance; business groups; Croatia

Sažetak
Croatia has transitional economy that contains conditions for the evolution of business groups. Business groups are legally independent firm that typically are joined by equity ownership, and co-ordinating their use of resources, such as capital and managerial labour. They have evolved and exist in most European and Asian countries. The aim of the paper is to explain the corporate governance aspect of the privatised firms in Croatia, with special reference to the evolution of business groups. We argue that these groups function as a mean for the governance of the firms, solving the problems of capital and managers, handling the relationships with the state, and representing a socially legitimate organisation, thus producing institutional stability in a transitional economy. The theory is applied on archival data, and on two case studies.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA