IDEAS home Printed from https://ideas.repec.org/
MyIDEAS: Login to save this article or follow this journal

Institutional Framework Of Corporate Governance With Reference To The Former Yugoslav Transition Economies

  • Mimo Draskovic
  • Jelena Stjepcevic
Registered author(s):

    The importance of institutional factors, particularly corporate governance regimes for the successful sustainable development and market-based reform in transition economies has been emphasized in burgeoning literature that has developed. The issue of best practices in the field of corporate governance is particularly important and debated. It plays a crucial role and maintains fundamental importance in all developed economies. Since corporate governance in former Yugoslav transition economies was not developed in their most important functional segments, it is clear that it could not have contributed to economic efficiency. This paper examines the underlying causes for extremely reduced role of corporate governance in the mentioned countries. It starts with two hypotheses, namely: first, that the underdeveloped social, political and particularly economic institutional framework are the most significant causes of inefficient corporate governance in the surveyed countries, and second, that the established imbalance in relationships between propertycontrol- corporate governance has dominantly contributed to negative economic results and reduced business environment (in terms of employment, results, business barriers, a chronic lack of investments, etc.).

    If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.

    File URL: http://repec.mnje.com/mje/2012/v08-n04/mje_2012_v08-n04-a09.pdf
    Download Restriction: no

    File URL: http://repec.mnje.com/mje/2012/v08-n04/mje_2012_v08-n04-a09.html
    Download Restriction: no

    Article provided by Economic Laboratory for Transition Research (ELIT) in its journal Montenegrin Journal of Economics.

    Volume (Year): 8 (2012)
    Issue (Month): 4 ()
    Pages: 27-41

    as
    in new window

    Handle: RePEc:mje:mjejnl:v:8:y:2012:i:4:p:27-41
    Contact details of provider: Web page: http://www.mnje.com

    References listed on IDEAS
    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:

    as in new window
    1. Tirole, Jean, 2001. "Corporate Governance," Econometrica, Econometric Society, vol. 69(1), pages 1-35, January.
    2. Saul Estrin & Martha Prevezer, 2010. "The Role of Informal Institutions in Corporate Governance: Brazil, Russia, India and China Compared," Working Papers 31, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
    3. Zingales, Luigi, 1998. "Corporate Governance," CEPR Discussion Papers 1806, C.E.P.R. Discussion Papers.
    4. Shleifer, Andrei & Vishny, Robert W, 1997. " A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-83, June.
    Full references (including those not matched with items on IDEAS)

    This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

    When requesting a correction, please mention this item's handle: RePEc:mje:mjejnl:v:8:y:2012:i:4:p:27-41. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Eryk Wdowiak)

    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.

    If references are entirely missing, you can add them using this form.

    If the full references list an item that is present in RePEc, but the system did not link to it, you can help with 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 profile, as there may be some citations waiting for confirmation.

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

    This information is provided to you by IDEAS at the Research Division of the Federal Reserve Bank of St. Louis using RePEc data.