The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and...

The aim of this paper is to determine the place and role of corporate governance and performance measures in the efforts of managers to maximize shareholder value, and the attitude of Serbian corporations toward these issues. The paper first analyses the importance of corporate governance and...

Serbian Abstract: Prva ozbiljna istraživanja problema realnih (upravljački) opcija inicirana su ekonomskom krizom u SAD tokom 1980 – ih godina. U traganju za uzrocima krize, ekonomska nauka je pažljivo analizirala način upravljanja i vođenja američkih kompanija. Istraživanja su pokazala...

Serbian Abstract: Korporativno upravljanje se može shvatiti kao skup mehanizama, koji treba da omoguće zadovoljenje interesa akcionara i ostalih stejkholdera, putem usmeravanja i kontrole menadžerskih aktivnosti. Ono treba da olakša komunikaciju i rešavanje konflikata između akcionara (kao...

The paper presents a theoretical framework for assessing the impact of risk management on corporate value. As the relevant factors that determine this impact, the paper analyzes market imperfections and investors' risk aversion. The results of the present research indicate that risk management...

We investigate the impact of board and ownership structure on profitability of 74 commercial banks from four transition economies of South East Europe over the 2005-2010 period. We analyse this relation using Ordinary Least Squares regression analysis on an unbalanced panel data-set of 377...

Decisions on capital structure and leverage can significantly determine the capabilities of the company to survive, grow and develop. However, there is as yet no unified theoretical viewpoint on the capital structure that maximizes company value. The objective of this study is to investigate the...

We investigate the influence of Slovakia accession to European Union on efficiency of Slovak banks over the period 2001-2009. Using a nonparametric approach, we estimate five different efficiency scores, namely cost, allocative, technical, pure technical, and scale efficiency. To test the impact...

Serbian Abstract: Predmet teorijskog istraživanja u ovom radu je uticaj odluka o strukturi kapitala i upravljanju rizikom na troškove finansijskih teškoća i vrednost preduzeća. Cilj rada je da se, pregledom i analizom zaključaka prethodnih teorijskih istraživanja, ukaže na strukturu...

Serbian Abstract: Ефикасност и ефективност управљања у lean пословном окружењу је непосредно одређено начином мерења перформанси, односно дизајном система мерења...