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
Englisch

Bibliographic citation
Journal: Journal for East European Management Studies ; ISSN: 0949-6181 ; Volume: 7 ; Year: 2002 ; Issue: 2 ; Pages: 162-186 ; Mering: Rainer Hampp Verlag

Classification
Management

Event
Geistige Schöpfung
(who)
Collin, Sven-Olof
Cesljas, Ivana
Event
Veröffentlichung
(who)
Rainer Hampp Verlag
(where)
Mering
(when)
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

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