Click here to download

Financial performance of major public enterprises in Croatia from 2006 to 2014
Journal Title: ECONOMIA PUBBLICA  
Author/s: Anto Bajo, Marko Primorac 
Year:  2016 Issue: Language: English 
Pages:  32 Pg. 117-148 FullText PDF:  346 KB
DOI:  10.3280/EP2016-003005
(DOI is like a bar code for intellectual property: to have more infomation:  clicca qui   and here 


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 Code: H11, H42, H44, L33, L90

  1. Bajo A. (2011). Prudent management of government financial assets and the stability of public finance in Croatia. Newsletter, 60: 1-13.
  2. Bajo A., Ott K. and Klemenčić I. (2014). Quasi Fiscal Activities in Croatia - Case Study. Washington D.C.: International Budget Project.
  3. Borrmann J. et al. (2014). Privatisation potential in the European Union, Research report. Economica. --Available at: https://www.united-europe.eu/wp-content/uploads/2014/10/UnitedEurope-Privatisation-Potential-Economica-Studie-FINAL-14.10.15.pdf.
  4. CNB (2016). Main macroeconomic indicators. Zagreb: Croatian National Bank. Available at: – http://www.hnb.hr/en/statistics/main-macroeconomic-indicators.
  5. Companies Act, OG 152/2011.
  6. EBRD (2013). Strategy for Croatia. London: EBRD.
  7. European Commission (2015). State Owned Enterprises in Member States. ECFIN paper prepared for a thematic review in the Economic Policy Committee.
  8. European Commission (2016). State-owned enterprises in the EU – Lessons learnt and Ways Forward in a Post-Crisis Context. Institutional paper, No. 031.
  9. Grgurek M. (2001). Stupanj i učinci privatizacije u Hrvatskoj. Ekonomski pregled, 1-2: 155-188.
  10. IMF (2015). Republic of Croatia – Staff Report for the 2015 Article IV Consultation. Washington D.C.: IMF.
  11. Law on the Centre for monitoring of the operations of energy sector and investments, OG 25/12, OG 120/12.
  12. Law on the management and disposal of assets in the ownership of the Republic of Croatia, OG 94/2013.
  13. Ministry of finance of the Republic of Croatia (2015). Time series data. Available at: – http://www.mfin.hr/en/time-series-data.
  14. Nestić D., Rubil I. and Tomić I. (2014). An Analysis of Wage Level and Wage Structure In Croatia. Zagreb: Institute of Economics.
  15. Privatisation barometer (2014). The PB Report 2013/2014. Milano.
  16. Strategic plan of the State office for the management of government assets for 2013-2015.
  17. Strategic plan of the State office for the management of government assets for 2014-2016.
  18. Strategic plan of the State office for the management of government assets for 2015-2017.
  19. Strategy for the management and disposal of assets in the ownership of the Republic of Croatia for the period 2013-2017, OG 76/2013.
  20. The Decision of the Croatian Parliament on determining the list of companies and other legal entities of strategic and special interest for the Republic of Croatia, OG 120/2013.

Anto Bajo, Marko Primorac, in "ECONOMIA PUBBLICA " 3/2016, pp. 117-148, DOI:10.3280/EP2016-003005

   

FrancoAngeli is a member of Publishers International Linking Association a not for profit orgasnization wich runs the CrossRef service, enabing links to and from online scholarly content