Artikel
Corporate governance in transitional economies: Business groups in Croatia
Croatia has a transitional economy that contains conditions for the evolution of business groups. Business groups are legally independent firms 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 two case studies.
- Language
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Englisch
- Bibliographic citation
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Journal: Journal for East European Management Studies ; ISSN: 0949-6181 ; Volume: 7 ; Year: 2002 ; Issue: 2 ; Pages: 162-186 ; Mering: Rainer Hampp Verlag
- Classification
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Management
- Event
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Geistige Schöpfung
- (who)
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Collin, Sven-Olof
Cesljas, Ivana
- Event
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Veröffentlichung
- (who)
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Rainer Hampp Verlag
- (where)
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Mering
- (when)
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2002
- Handle
- Last update
- 10.03.2025, 11:46 AM CET
Data provider
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Object type
- Artikel
Associated
- Collin, Sven-Olof
- Cesljas, Ivana
- Rainer Hampp Verlag
Time of origin
- 2002