IDEAS home Printed from https://ideas.repec.org/h/ibg/chaptr/conissue-14.html

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
    as

    Download full text from publisher

    File URL: http://www.ien.bg.ac.rs/images/stories/download/contemporaryissues_ch14.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    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. repec:wbk:wbpubs:15032 is not listed on IDEAS
    3. repec:wbk:wbpubs:7373 is not listed on IDEAS
    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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Nina Cankar & Simon Deakin & Marko Simoneti, 2008. "The Reflexive Properties of Corporate Governance Codes: The Reception of the 'Comply or Explain' Approach in Slovenia," Working Papers wp371, Centre for Business Research, University of Cambridge.
    2. Mulaj, Isa, 2006. "Redefining Property Rights with Specific Reference to Social Ownership in Successor States of Former Yugoslavia: Did it Matter for Economic Efficiency?," MPRA Paper 243, University Library of Munich, Germany.
    3. Saul Estrin & Jan Hanousek & Evzen Kocenda & Jan Svejnar, 2009. "The Effects of Privatization and Ownership in Transition Economies," Journal of Economic Literature, American Economic Association, vol. 47(3), pages 699-728, September.
    4. Aljosa Valentincic & Ales Novak & Urska Kosi, 2017. "Accounting Quality in Private Firms During the Transition Towards International Standards," Accounting in Europe, Taylor & Francis Journals, vol. 14(3), pages 358-387, September.
    5. Peter F. Orazem & Milan Vodopivec, 2009. "Do Market Pressures Induce Economic Efficiency? The Case of Slovenian Manufacturing, 1994–2001," Southern Economic Journal, John Wiley & Sons, vol. 76(2), pages 553-576, October.
    6. Aleš Novak & Aljoša Valentinčič, 2017. "The Role and Current Status of IFRS in the Completion of National Accounting Rules – Evidence from Slovenia," Accounting in Europe, Taylor & Francis Journals, vol. 14(1-2), pages 187-198, May.
    7. Aleksandra Gregoric & Cristina Vespro, 2009. "Block trades and the benefits of control in Slovenia1," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(1), pages 175-210, January.
    8. Djuro Djuric & Drasko Nikolic, 2011. "Corporate Reorganization in Republic of Serbia - Lessons from EU Praxis," 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 16, pages 256-270, Institute of Economic Sciences.
    9. Arnault Morisson, David Bole, Jani Kozina, Maru a Golu a, Clara Turner, Heike Mayer, 2021. "Transformation in Industrial Towns in Slovenia and Switzerland," Diskussionsschriften credresearchpaper34, Universitaet Bern, Departement Volkswirtschaft - CRED.
    10. Jure Stojan, 2014. "Privatisation failure and failure to privatise: the slovene example," Economic Affairs, Wiley Blackwell, vol. 34(2), pages 270-281, June.

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ibg:chaptr:conissue-14. See general information about how to correct material in RePEc.

    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 CitEc recognized a bibliographic reference but did not link an item in RePEc 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 RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Zorica Bozic (email available below). General contact details of provider: https://edirc.repec.org/data/ienbgyu.html .

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

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.