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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.

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Article provided by Faculty of Economics and Business, University of Zagreb in its journal Zagreb International Review of Economics and Business.

Volume (Year): 8 (2005)
Issue (Month): 2 (November)
Pages: 73-82

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Handle: RePEc:zag:zirebs:v:8:y:2005:i:2:p:73-82
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