How can the efficiency of corporate governance in Serbian state-owned enterprises be increased?
This paper focuses on the practical coexistence of agency and stewardship theories. By analysing the three dimensions of government structures, compensation schemes, and monitoring activities, we show that this coexistence is possible due to several situational factors. Using field resea...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
| Published: |
Faculty of Economics, Belgrade
2018-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | http://www.doiserbia.nb.rs/img/doi/0013-3264/2018/0013-32641816063A.pdf |
| _version_ | 1818266424324390912 |
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| author | Aleksić-Mirić Ana Todorović Miroslav Janićijević Nebojša |
| author_facet | Aleksić-Mirić Ana Todorović Miroslav Janićijević Nebojša |
| author_sort | Aleksić-Mirić Ana |
| collection | DOAJ |
| description | This paper focuses on the practical coexistence of agency and stewardship
theories. By analysing the three dimensions of government structures,
compensation schemes, and monitoring activities, we show that this
coexistence is possible due to several situational factors. Using field
research data, we examine the causes of this coexistence and the effects it
has on the efficiency and effectiveness of corporate governance, and
question the practical sustainability of this dualism. We conclude that
coexistence is possible but is unsustainable, and it would be wrong to
support such a situation for a long period of time. We discuss paths of
potential action and their implications for key stakeholders. |
| first_indexed | 2024-12-12T20:06:29Z |
| format | Article |
| id | doaj.art-a4863a94f9aa4c639d36ae52eef05ed4 |
| institution | Directory Open Access Journal |
| issn | 0013-3264 1820-7375 |
| language | English |
| last_indexed | 2024-12-12T20:06:29Z |
| publishDate | 2018-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj.art-a4863a94f9aa4c639d36ae52eef05ed42022-12-22T00:13:37ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752018-01-0163216638410.2298/EKA1816063A0013-32641816063AHow can the efficiency of corporate governance in Serbian state-owned enterprises be increased?Aleksić-Mirić Ana0Todorović Miroslav1Janićijević Nebojša2Faculty of Economics, BelgradeFaculty of Economics, BelgradeFaculty of Economics, BelgradeThis paper focuses on the practical coexistence of agency and stewardship theories. By analysing the three dimensions of government structures, compensation schemes, and monitoring activities, we show that this coexistence is possible due to several situational factors. Using field research data, we examine the causes of this coexistence and the effects it has on the efficiency and effectiveness of corporate governance, and question the practical sustainability of this dualism. We conclude that coexistence is possible but is unsustainable, and it would be wrong to support such a situation for a long period of time. We discuss paths of potential action and their implications for key stakeholders.http://www.doiserbia.nb.rs/img/doi/0013-3264/2018/0013-32641816063A.pdfcorporate governanceagency theorystewardship theorystate-owned enterprise |
| spellingShingle | Aleksić-Mirić Ana Todorović Miroslav Janićijević Nebojša How can the efficiency of corporate governance in Serbian state-owned enterprises be increased? Ekonomski Anali corporate governance agency theory stewardship theory state-owned enterprise |
| title | How can the efficiency of corporate governance in Serbian state-owned enterprises be increased? |
| title_full | How can the efficiency of corporate governance in Serbian state-owned enterprises be increased? |
| title_fullStr | How can the efficiency of corporate governance in Serbian state-owned enterprises be increased? |
| title_full_unstemmed | How can the efficiency of corporate governance in Serbian state-owned enterprises be increased? |
| title_short | How can the efficiency of corporate governance in Serbian state-owned enterprises be increased? |
| title_sort | how can the efficiency of corporate governance in serbian state owned enterprises be increased |
| topic | corporate governance agency theory stewardship theory state-owned enterprise |
| url | http://www.doiserbia.nb.rs/img/doi/0013-3264/2018/0013-32641816063A.pdf |
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