IDEAS home Printed from https://ideas.repec.org/a/osi/journl/v11y2015p509-523.html
   My bibliography  Save this article

Efficiency Of Companies Owned By Local And Regional Self-Government Units

Author

Listed:
  • Zeljko Turkalj

    (Faculty of Economics in Osijek, Josip Juraj Strossmayer University of Osijek, Croatia)

  • Dubravka Mahacek

    (State Audit Office, Regional Office Požega, Croatia)

Abstract

The subject matter of this paper are companies owned by local and regional self-government units from five counties (Pozega-Slavonia, Vukovar-Srijem, Osijek-Baranja, Brod-Posavina and Istria). The research was based on business operations data from individual reports drafted in audits conducted by the National Audit Office. An analysis has been performed and conclusions drawn about business operations, sources of financing and efficiency of operations in five counties. This paper confirms the assumption that companies owned by local and regional self-government units differ significantly according to the sources of financing and achieved business results. Businesses were analysed according to the number of employees, total revenues, grants, total expenditures and expenditures for employees in total achieved expenditures. Conclusions have been made regarding setting business objectives, measurement of business results and achieving planned purposes for which the companies were established, and regarding the options for improving business results. This paper confirms the importance of accounting information system as a basis for information on business operations through an overview of revenues in accordance with prescribed regulations.

Suggested Citation

  • Zeljko Turkalj & Dubravka Mahacek, 2015. "Efficiency Of Companies Owned By Local And Regional Self-Government Units," Interdisciplinary Management Research, Josip Juraj Strossmayer University of Osijek, Faculty of Economics, Croatia, vol. 11, pages 509-523.
    • Handle: RePEc:osi:journl:v:11:y:2015:p:509-523
    as

    Download full text from publisher

    File URL: http://www.efos.hr/repec/osi/journl/PDF/InterdisciplinaryManagementResearchXI/IMR11a37
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    audit; efficiency; companies; business operations; grants;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • D22 - Microeconomics - - Production and Organizations - - - Firm Behavior: Empirical Analysis

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:osi:journl:v:11:y:2015:p:509-523. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Hrvoje Serdarusic, PhD (email available below). General contact details of provider: https://edirc.repec.org/data/efosihr.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.