Governance: the case of Macedonia

Apostolov, Mico (2014) Governance: the case of Macedonia. International Journal of Emerging Markets, 9 (1). 147 -156. ISSN 1746-8809

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abs/10.1108/IJoEM-06-2011-0057 - Published Version
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Official URL: http://dx.doi.org/10.1108/IJoEM-06-2011-0057

Abstract

This paper is a case study of the Republic of Macedonia and focuses on the development of governance and enterprise restructuring. Thus, country's effective corporate governance and corporate control, which impact enterprise restructuring, are essential in the analysis of market-driven restructuring through domestic financial institutions and markets. The data used in this article are analyzed with an econometric regression model, which as employed in this study examines the interrelationships between governance and enterprise restructuring and set of policies that influence the governance patterns. Two basic hypothesis are taken in the analysis: first, governance and enterprise restructuring depend on set of policies, such as, large-scale privatization, small-scale privatization, price liberalization, competition policy, trade and foreign exchange system, banking reform and interest rate liberalization, securities markets and non-bank financial institutions and overall infrastructure reform; and second, governance and enterprise restructuring improves over time due to imposed policies. The paper aims to discuss these issues.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Tourism and Business Logistics
Depositing User: Mico Apostolov
Date Deposited: 06 Oct 2014 08:19
Last Modified: 06 Oct 2014 08:19
URI: http://eprints.ugd.edu.mk/id/eprint/11072

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