1 THE QUESTIONABLE ACHIEVEMENTS OF CORPORATE GOVERNANCE: case of Serbia (original) (raw)

What we can say about particular features of corporate governance we have already experienced? Precisely, was it influenced by our general transition achievements, privatization methods or the range and size of privatization? In the case of Serbia, facts suggest that there was existed a significant delay in the process of privatization, whereas a certain changes were made in the area of corporate governance. According to careful assessment of corporate governance, surprisingly, we happened to have been recognized as belonging in some aspects to fair to middling group. However, in other respect, results are rather modest, due to no suitable institutional infrastructure (i.e. the process of institution building is still far from being finished). Obviously, the structural reform status depends on both relevant legal framework, as well as the institutional environment in which those rules are applied and enforced. That is why this paper is going to survey our transition path, emphasizin...

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