Corporate Governance in Macedonia - Micro and Macro Analysis

Apostolov, Mico (2011) Corporate Governance in Macedonia - Micro and Macro Analysis. Risk Governance and Control - Financial Markets and Institutions, 1 (1). pp. 124-134. ISSN 2077-4303

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The corporate governance issue in Macedonian companies has been brought forward during the recent few years. The main reason is the fact that the privatization process completion of socially-owned and partly state-owned enterprises has put emphasis to the challenge to reasonably regulate relationships established within companies on one hand, and relationships between companies and larger society on the other. All market economies, including those with longest tradition, have faced this kind of challenge so far.

Corporate governance becomes an increasingly important issue for the Macedonian economy. It is being taken with greater consideration by the companies, regulators and government. The strong wave of privatization programs from mid-90’ have resulted in an altered business environment, and new legal and institutional frameworks have been established. Indeed, corporate governance contributes to sustainable economic development by enhancing the performance of companies and increasing their access to external sources of capital. In this paper we will make attempt to analyze the predominant
factors that create prolific corporate governance environment in two terms; a) micro level and macro level.

Item Type: Article
Subjects: Social Sciences > Economics and business
Divisions: Faculty of Educational Science
Depositing User: Mico Apostolov
Date Deposited: 17 Jun 2013 13:49
Last Modified: 24 Feb 2014 09:24

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