Improving Business Performance of Public Companies Using Corporate Governance
Journal Title: Acta Economica - Year 2013, Vol 11, Issue 18
Abstract
The professional community is increasingly addressing the problems of business performance of public enterprises with majority state ownership. Although it is the companies that have significant natural resources and are of strategic importance, very low returns on equity, or even losses are present in their business. In this research paper we investigate business performance and the level of corporate governance of Republic of Srpska (RS) public companies with the majority state-owned listed on Banja Luka Stock Exchange, especially Elektroprivreda RS companies. Measuring the success of the business enterprise is based on the analysis of financial statements for the last fve years, using indicators of profitability and market indicators. Particularly, we assess the level of corporate governance in companies Elektroprivreda RS, in survey research using Scorecard Banja Luka Stock Exchange questionnaires. The aim of the study is to indicate low levels of business performance of surveyed companies in relation to foreign as well as the low level of corporate governance in companies Elektroprivreda RS. It also signifies the relationship between the used indicators and the level of corporate governance and the need for changes in the state policy towards the management of the state capital.
Authors and Affiliations
Здравко Тодоровић, Матеа Златковић
Keywords
Related Articles
- EP ID EP43760
- DOI https://doi.org/10.7251/ACE1318131T
- Views 287
- Downloads 0
Improvement of workforce quality in the function of reducing structural unemployment in Republic of Srpska
Погоршање индикатора тржишта рада је реланост са којом се данас сусрећу многе земље. Стопа незапослености у Републици Српској константно расте већ низ година и тренутно је 2,5 пута већа од просјечене стопе незапослености...
CONVERGENCE THEORY AND THE POSSIBILITY OF A "THIRD WAY"
The twentieth century is characterized by competition between two economic and political systems: the capitalist and socialist. It is not difficult to conclude that both systems have as their good, and bad sides. In the...
FINANCIAL EVALUATION OF INVESTMENT PROJECTS PROFITABILITY
Justifiability evaluation of an investment projects is a very complex process which request appreciation and consideration of all relevant factors, first of all determining of the effects obtained by implementation of ce...
INFLUENCE OF THE GLOBAL FINANCIAL CRISIS ON BOSNIA AND HERZEGOVINA WITH FOCUS ON THE BANKING SYSTEM
Goal of each responsible government is achieving of the financial stability as the basic precondition for the creation of the favorable environment for the development of the economy real sector. Global financial crisis...
REGIONAL ECONOMIC INTEGRATIONS-FORMS, „COSTS AND PROFITS”
There are no doubts the integrations process covered practically all countries of the world. The integrations by their character present the institutional form of mutual economic, technological, legal, cultural and other...