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New Aspects In Corporate Governanceof The Public Enterprises In Bulgaria

Author

Listed:
  • Ivan Yovchev

    (University of Economics –Varna, Bulgaria)

Abstract

The report provides a brief analytical review of the current corporate governance requirements of public enterprises in Bulgaria, introduced by the new Public Enterprises Act. There is a great degree of compliance of the regulatory requirements for good corporate governance in Bulgaria with the standards, included in the OECD Guidelines on Corporate Governance of State-owned Enterprises. The role of public enterprises is outlined -especially in crisis situations such as the pandemic, due to COVID-19. On the basis of a chronological review, it is found that certain approaches to monitoring and controlling the financial position of state-owned enterprises, especially in times of crisis, are unjustifiably ignored. Some problems in the corporate governance of the public enterprises are outlined and guidelines for their overcoming are indicated.

Suggested Citation

  • Ivan Yovchev, 2020. "New Aspects In Corporate Governanceof The Public Enterprises In Bulgaria," Economic Science, education and the real economy: Development and interactions in the digital age, Publishing house Science and Economics Varna, issue 1, pages 433-444.
    • Handle: RePEc:vrn:cfdide:y:2020:i:1:p:433-444
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    File URL: https://ue-varna.bg/~uevarna/uploads/filemanager/303/publishing-complex/2020/Economic_science_education_real_economy_T3_2020.pdf
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    More about this item

    Keywords

    Corporate Governance; Public Enterprises in Bulgaria; OECD Guidelines on Corporate Governance of State-Owned Enterprises; Crisis situations;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance

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