Izvorni znanstveni članak
Problems of Corporate Governance in the Post-privatization Period
Drago ČENGIĆ
Sažetak
Corporate governance in Western and Eastern European large
enterprises is linked with the way how that owners are
controlling the present managers, trying to achieve the most
effective and the most profitable output of corporations.
Perhaps the best known among Western models of corporate
governance are the German and American-British models – the
so-called bank-based and market-based models of corporate
control. In this paper the problem of corporate governance in
Eastern Europe has been outlined with special attention put on
the role of banks and other financial institutions (privatization
investment funds) in the development of corporate control. The
post-privatization experience of several countries (Czech
Republic, Poland, Hungary), as well as other empirical
researches, suggest that Western practice of corporate control is
hardly recognizable in Eastern European circumstances. The
future development of market economy institutions and the
termination of privatization projects in these countries will
determine whether the existing corporate control will evolve into
one of the known Western models of corporate control or into
a special (Eastern European) type of corporate control practice.
Ključne riječi
Hrčak ID:
20391
URI
Datum izdavanja:
31.12.1998.
Posjeta: 3.157 *