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Upgrading Corporate Governance Practice of State Owned Enterprises in Processes of EU Integration – Comparation of Serbia and Slovenia

In: Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union

Author

Listed:
  • Dejan Eric

    (Institute of Economic Sciences)

  • Ivan Stosic

    (Institute of Economic Sciences)

Abstract

The aim of this work is to analyze the outstanding issues and opportunities for upgrading corporate governance in state-owned enterprises - (SOEs) through a comparative analysis of this type of enterprise in Serbia and Slovenia. This is a very remarkable group of companies that have a major role in the overall economic life of both countries. Increasing efficiency and effectiveness in their management can contribute to raising the overall level of competitiveness and meeting the economic criteria for the integration of some countries in the European Union. In this paper we will try to identify several areas and examples of good practice which lead to improved corporate governance, and thus the better performance of this type of enterprise. In a variety of areas in which the corporate governance may be improved, we focused our analysis on the three areas, as follows: policy of ownership, regulations in terms of increasing transparency and functioning of the boards of directors.

Suggested Citation

  • Dejan Eric & Ivan Stosic, 2011. "Upgrading Corporate Governance Practice of State Owned Enterprises in Processes of EU Integration – Comparation of Serbia and Slovenia," Book Chapters, in: Stefan Bogdan Salej & Dejan Eric & Srdjan Redzepagic & Ivan Stosic (ed.), Contemporary Issues in the Integration Processes of Western Balkan Countries in the European Union, chapter 14, pages 213-236, Institute of Economic Sciences.
    • Handle: RePEc:ibg:chaptr:conissue-14
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    References listed on IDEAS

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    1. Marko Simoneti & Aleksandra Gregoric, 2004. "Managerial ownership and corporate performance in Slovenian post-privatisation period," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(2), pages 217-241, December.
    2. Mojmir Mrak & Matija Rojec & Carlos Silva-Jáuregui, 2004. "Slovenia : From Yugoslavia to the European Union," World Bank Publications - Books, The World Bank Group, number 15032, April.
    3. Michael Pomerleano & William Shaw, 2005. "Corporate Restructuring : Lessons from Experience," World Bank Publications - Books, The World Bank Group, number 7373, April.
    4. Andreja Bohm & Joze P. Damijan & Boris Majcen & Marko Rems & Matija Rojec & Marko Simoneti, 2001. "Secondary Privatization in Slovenia: Evolution of Ownership Structure and Company Performance Following Mass Privatization," CASE Network Reports 0046, CASE-Center for Social and Economic Research.
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