Work detail

Corporate Governance Index for the Prague Stock Exchange and Zagreb Stock Exchange Listed Companies

Author: Mgr. Tihana Ibrahimpašič
Year: 2012 - summer
Leaders: PhDr. Mgr. Jana Gutiérrez Chvalkovská
Work type: Masters
Language: English
Pages: 82
Awards and prizes:
Abstract: This thesis primarily focuses on the construction of a firm-specific index measuring the quality
of corporate governance in the most liquid Czech and Croatian companies. The index is made by
following OECD recommendations on construction of composite indicators. It allows comparison
of best practices implementation on the overall level, and it also provides with a comprehensive
analogy in terms of various governance domains performance. These domains are represented
by four sub-indices: Board, Conflict of Interest, Shareholders' Rights, and Transparency and
Disclosure. Initial assumption, stating that the Czech companies should have higher overall
Corporate Governance Index score than the Croatian companies, is approved. Moreover, the
Czech companies have stronger performance in three sub-indices: Board, Conflict of Interest,
and Transparency and Disclosure, whereas the Croatian companies have negligible advantage
solely with regard to the Shareholders' Rights Sub-index.
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