"The authors examine the effects of taxation on financing policy using the corporate tax reform in 2001 in Croatia as a …

average firm in Croatia scores 0.532 on structured management practices, which is farther from the frontier (0.615 in the … countries, a large share of firms in Croatia are badly managed. Management is particularly worse in services and more so in non … linkages of firms matter. However, unlike the evidence in advanced countries, management capabilities in Croatia is negatively …