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Corporate Governance and Competitive Capability in Serbian Companies

Author

Listed:
  • Cedomir Ljubojevic

    (Modern Business School Belgrade, Serbia)

  • Gordana Ljubojevic

    (High Business School, Serbia)

  • Nina Maksimovic

    (Modern Business School Belgrade, Serbia)

Abstract

In the field of corporate governance, the organizational capability is seen as authoritybased and resource-based capability. The composition of board and its responsibilities, balanced relations with the top management, defined policies and procedures of information access and adopted stakeholder approach in corporate governance are the relevant characteristics for organizational learning. The aim of the article is to examine the role of the corporate governance in the process of organizational learning in order to achieve the competitive advantage. The article will explore the practice of Serbian companies with regards to the nature and the character of corporate governance and its role in creation and dispersion of knowledge. The received results show disadvantages of the development in corporate governance, which is the key to forming an optimal organizational system of learning. The final results may prove extremely useful for the improvement of the governance and the process of organizational learning.

Suggested Citation

  • Cedomir Ljubojevic & Gordana Ljubojevic & Nina Maksimovic, 2013. "Corporate Governance and Competitive Capability in Serbian Companies," MIC 2013: Industry, Science and Policy Makers for Sustainable Future; Proceedings of the 14th International Conference, Koper, 21–23 November 2013 [Selected Papers],, University of Primorska, Faculty of Management Koper.
    • Handle: RePEc:mgt:micp13:101-112
    as

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    References listed on IDEAS

    as
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    2. Boone, Audra L. & Casares Field, Laura & Karpoff, Jonathan M. & Raheja, Charu G., 2007. "The determinants of corporate board size and composition: An empirical analysis," Journal of Financial Economics, Elsevier, vol. 85(1), pages 66-101, July.
    3. Roman Inderst & Holger Müller & Karl Wärneryd, 2005. "Influence costs and hierarchy," Economics of Governance, Springer, vol. 6(2), pages 177-197, July.
    4. Elizabeth E. Bailey & Constance E. Helfat, 2003. "External management succession, human capital, and firm performance: an integrative analysis," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 24(4), pages 347-369.
    5. Miozzo, Marcela & Dewick, Paul, 2002. "Building competitive advantage: innovation and corporate governance in European construction," Research Policy, Elsevier, vol. 31(6), pages 989-1008, August.
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    Cited by:

    1. Sarah Athirah Saruchi & Nor Aiza Mohd Zamil & Rohaida Basiruddin & Nor Faezah Ghazi Ahmad, 2019. "Examining the Impact of Corporate Governance on Intellectual Capital: Empirical Evidence of Islamic Banks," International Journal of Academic Research in Accounting, Finance and Management Sciences, Human Resource Management Academic Research Society, International Journal of Academic Research in Accounting, Finance and Management Sciences, vol. 9(3), pages 104-117, July.

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