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Initial Public Offerings and Corporate Governance in Croatia

Author

Listed:
  • Domagoj Hru?ka

    (Faculty of Economics and Business, University of Zagreb)

  • Dra?en Milkovi?

    (University Hospital Centre Zagreb)

  • Maja Darabo? Longin

    (Faculty of Economics and Business, University of Zagreb)

Abstract

This paper empirically investigates the performance of Croatian initial public offerings (IPOs) throughout 20 years period. Besides financial benefit in the form of raising capital, IPOs also play a role in an increased public awareness of the company. By proving the comprehensive evaluation of reasons and consequences of IPO initiatives in Croatia we give analytic evidence on the influence of this corporate action on development of corporate governance. Furthermore, the paper discusses relation between internal and external corporate governance mechanisms in companies that initialize entering the financial markets for the first time, providing us with the analytical framework of understanding the impact on IPOs on corporate governance system in transition countries.

Suggested Citation

  • Domagoj Hru?ka & Dra?en Milkovi? & Maja Darabo? Longin, 0000. "Initial Public Offerings and Corporate Governance in Croatia," Proceedings of Economics and Finance Conferences 11413249, International Institute of Social and Economic Sciences.
  • Handle: RePEc:sek:iefpro:11413249
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    File URL: https://iises.net/proceedings/15th-economics-finance-conference-lisbon/table-of-content/detail?cid=114&iid=006&rid=13249
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    More about this item

    Keywords

    Corporate governance; Initial Public Offering; Croatia; Transition Economies;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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