engleski

ESOP in Transition Economies : The Case of Croatia

In this paper the authors are dealing with the problem of transition and trying to find a model for faster economy development. As first they mention the basic reasons that were demanding the radical intervention in changing the relations in economy, or replacement of the existing state or social ownership with the private one. These processes included all the former socialist countries so they appeared in Croatia too. The authors indicate some important features of privatisation process in Croatia, as well as those of specific conditions in which it was performed. Regardless of the final estimation of these processes (that have not been finished yet) one of the ways to achieve more successful business results is the implementation of employees’ stockholding, so called “ ESOP” . The authors are indicating the notion and development of this model in Croatia and are concluding that the necessary frameworks for its action have not been created yet, but that these first cases from the economic practice show that by applying this model very successful business results can be achieved. All this finally results in accelerated economy and society development.

ownership; state; market; transition; transformation of socially owned enterprises privatisation; employees’ stockholding

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