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Perspectives of Corporate Governance in Croatian Banking Sector

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Author Info

  • Tea Golja

    (University of Pula, Croatia)

  • Marinela Krstinic Nizic

    (University of Rijeka, Croatia)

  • Morena Paulišic

    (University of Pula, Croatia)

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    Abstract

    Financial market of any country firstly has to be “secure”, but although financial market is regulated and monitored, we were witnesses of bad examples (Island). So, globally all aspects of corporate governance became interesting: ownership; nature of activities; liquidity ratios, etc. The goal of this paper is to give perspectives of corporate governance in Croatian banking sector. The results of the research conducted in October 2010 are presented. The situation regarding corporate governance issues in banks is highlighted. According to the research in Croatian banks in the future corporate governance should give more attention to responsiveness; equity; efficiency and effectiveness; and on accountability. Mentioned principles are not clearly defined and recognizable. These will assure differentiation on market and trust of all stakeholders.

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    Bibliographic Info

    Article provided by Econjournals in its journal International Journal of Economics and Financial Issues.

    Volume (Year): 1 (2011)
    Issue (Month): 3 (September)
    Pages: 78-87

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    Handle: RePEc:eco:journ1:2011-03-1

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    Web page: http://www.econjournals.com

    Related research

    Keywords: Corporate Governance; Banking Sector; The Republic of Croatia;

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    1. Arun, Thankom G. & Turner, John David, 2003. "Corporate Governance of Banks in Developing Economies: Concepts and Issues," Development Economics and Public Policy Working Papers 30551, University of Manchester, Institute for Development Policy and Management (IDPM).
    2. Cedomir Ljubojevic & Gordana Ljubojevic, 2008. "Building Corporate Reputation through Corporate Governance," Management, University of Primorska, Faculty of Management Koper, vol. 3(3), pages 221-233.
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