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Ownership Structure and Performance of the Serbian Enterprises


  • Persefoni V. Tsaliki

    (Department of Economics, Aristotle University of Thessaloniki, Greece)

  • Jovana Zelic

    (Economics Institute, Belgrade, Serbia and Montenegro)


Privatisation issues are currently highly ranked in policy agendas in many transitional economies. Since, the delay in privatisation process and corporate restructuring are repeatedly mentioned as a serious obstacle that blocks the economic performance in these countries. This paper focuses on the case of the Former Republic of Yugoslavia (FRY), and investigates the performance of firms by examining a fairly large sample of four types of ownership. The results of the empirical analysis although they are not unequivocal, nevertheless may shed new light to the current debates on privatisations in the FRY and the other transitional economies.

Suggested Citation

  • Persefoni V. Tsaliki & Jovana Zelic, 2005. "Ownership Structure and Performance of the Serbian Enterprises," Zagreb International Review of Economics and Business, Faculty of Economics and Business, University of Zagreb, vol. 8(2), pages 73-82, November.
  • Handle: RePEc:zag:zirebs:v:8:y:2005:i:2:p:73-82

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    References listed on IDEAS

    1. Reinhart, Carmen & Leiderman, Leonardo, 1994. "Capital inflows to Latin America," MPRA Paper 13406, University Library of Munich, Germany.
    2. Carmen M. Reinhart & R. Todd Smith, 1996. "Too much of a good thing: the macroeconomic effects of taxing capital inflows," Proceedings, Federal Reserve Bank of San Francisco, pages 436-464.
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    More about this item


    ownership structure; privatisation methods; performance of enterprises;

    JEL classification:

    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • P31 - Economic Systems - - Socialist Institutions and Their Transitions - - - Socialist Enterprises and Their Transitions


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