Preliminary communication

https://doi.org/10.22598/iele.2024.11.1.2

INTERDEPENDENCE OF CORPORATE GOVERNANCE QUALITY AND ENTREPRENEURIAL ORIENTATION OF CROATIAN COMPANIES

Davorko Obuljen ; Edward Bernays University of Applied Sciences, Zagreb, Croatia
Ivana Kovač orcid.org/0000-0002-1108-4508 ; University of Zagreb Faculty of Economics & Business, Zagreb, Croatia
Lana Cindrić ; University of Zagreb Faculty of Economics & Business, Zagreb, Croatia

Abstract

The quality of corporate governance is often cited as a focal issue in today’s corporate systems and markets because the performance of companies, measured by various financial indicators, depends on it. On the other hand, the concept of entrepreneurial orientation represents a combination of critical elements of entrepreneurship (the processes of exploration and exploitation of entrepreneurial opportunities at the core of a company’s strategic action) and strategic requirements for the company (achieving profitable growth). This paper explores the interdependence of the quality of corporate governance and the entrepreneurial orientation of Croatian companies. The research was conducted on a sample of 58 joint-stock companies. The research results showed a direct positive relationship between the level of corporate governance quality and the degree of entrepreneurial orientation, and it also identified mechanisms and characteristics of corporate governance systems that are relevant in assessing the degree of entrepreneurial orientation.

Keywords

corporate governance; entrepreneurial orientation; quality of corporate governance

Hrčak ID:

318712

URI

https://hrcak.srce.hr/318712

Publication date:

30.6.2024.

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