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Pregled bibliografske jedinice broj: 233833

Zbornik radova

Autori: Kaštelan Mrak, Marija; Sokolić, Danijela; Vretenar, Nenad
Naslov: Trans-border M&As: some early observations on post-acquisition developments involving Croatian companies acquired by foreign company groups
Izvornik:
Skup: 5th International Conference “Economic Integrations, Competition and Cooperation”
Mjesto i datum: Lovran, Croatia, 22-23.04.2005.
Ključne riječi: corporate governance; ownership structures; post acquisition performance; Croatia
Sažetak:
The paper argues whether foreign owners bring prosperity to individual firms and to society in Croatia, especially at times when there is a sell-out of a larger Croatian company to a foreign business group. We analize the influence of ownership structures on the financial performance of Croatian companies by comparing firms with a majority share of foreign ownership with companies that are still dominantly owned by the government privatization fund. We also look at companies privatized through ESOP programmes as a third referential group. The main hypothesis is that ownership structures affect governance and it can lead to better firm performance providing owners have the authority to act and possess pertinent information and adequate incentives. Our study does indicate that foreign owners achieve better financial performance than other ownership structures. However, based on our research alone, we cannot argue that such performance results solely out of better governance.
Vrsta sudjelovanja: Predavanje
Vrsta prezentacije u zborniku: Nije objavljen
Vrsta recenzije: Nema recenziju
Projekt / tema: 0081008
Izvorni jezik: ENG
Kategorija: Znanstveni
Znanstvena područja:
Ekonomija



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