Financial performance of major public enterprises in Croatia from 2006 to 2014

Journal title ECONOMIA PUBBLICA
Author/s Anto Bajo, Marko Primorac
Publishing Year 2017 Issue 2016/3
Language English Pages 32 P. 117-148 File size 346 KB
DOI 10.3280/EP2016-003005
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The aim of this paper is to present basic characteristics of state-owned enterprises in Croatia, assess their financial operations and identify major trends in their operations and long-term development prospects. The analysis is carried out for the period from 2009 to 2014. The paper gradually examines financial operations, management system and the systems of accountability and transparency in state owned enterprises. The particular emphasis is on the comparative overview of major state-owned enterprises’ missions and the extent to which they serve public purposes. Moreover, the paper evaluates capital investment plans and provides proposals for the reform of state-owned enterprises in Croatia. In all state-owned enterprises, a serious organizational restructuring - adjustment of the organizational structure and number of employees is still expected.

Keywords: State owned enterprise, financial operation, management, accountability capital investment

Jel codes: H11, H42, H44, L33, L90

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Anto Bajo, Marko Primorac, Financial performance of major public enterprises in Croatia from 2006 to 2014 in "ECONOMIA PUBBLICA " 3/2016, pp 117-148, DOI: 10.3280/EP2016-003005