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

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  • Anto Bajo
  • Marko Primorac

Abstract

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.

Suggested Citation

  • Anto Bajo & Marko Primorac, 2016. "Financial performance of major public enterprises in Croatia from 2006 to 2014," ECONOMIA PUBBLICA, FrancoAngeli Editore, vol. 2016(3), pages 117-148.
    • Handle: RePEc:fan:epepep:v:html10.3280/ep2016-003005
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    Cited by:

    1. Maisuradze Davit & Narmania Giorgi & Lazishvili Magda & Tkeshelashvili Mariam & Shakiashvili Irakli, 2020. "Is Corporate Social Responsibility (CSR) a New Alternative to Governance Challenges of State-Owned Enterprises (SOEs)?," Central European Journal of Public Policy, Sciendo, vol. 14(2), pages 28-46, December.

    More about this item

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H42 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Private Goods
    • H44 - Public Economics - - Publicly Provided Goods - - - Publicly Provided Goods: Mixed Markets
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L90 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - General

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