Corporate Governance and Privatization in Serbia: Cosequences of Yugoslav Self-Management and Crisis During the 90s of the Last Century
|Author:||Mgr. Filip Bojović|
|Year:||2004 - summer|
|Leaders:|| † prof. Ing. Karel Kouba DrSc.
|Work type:|| Economic Policy
|Awards and prizes:|
|Abstract:||Nowadays, we can find a number of analyses that are dealing with corporate governance and privatization problems in transitional economies. Nevertheless, only a small part of these analyses is dealing with problems of corporate governance and privatization in Serbia. This thesis is, among others, trying to fill this gap. Serbia is interesting (together with other former Yugoslav republics) because of its long time experience with so-called workers´ self-management. In comparison with centrally planed system, workers´ self-management tried to encompass socialist economic factors with some form of quasi market. The main aim of this diploma thesis is to prove hypothesis that self-management had some advantages in the past, but its further existence would not be proper from the corporate governance increasing effectiveness standpoint. The second aim is to show that clearly defined property rights represent important assumption for increase of corporate governance efficiency in Serbia. These issues are gradually analyzed from the market economy standpoint, including analysis of problems and instruments for their solution (Chapter 2), from the western cooperatives and Yugoslav self-management standpoint (Chapter 3), privatization (Chapter 4) and current development of corporate governance in Serbia (Chapter 5).|