Initial Public Offerings and Corporate Governance in Croatia

Domagoj Hru?ka (), Dra?en Milkovi? () and Maja Darabo? Longin ()
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Domagoj Hru?ka: Faculty of Economics and Business, University of Zagreb
Dra?en Milkovi?: University Hospital Centre Zagreb
Maja Darabo? Longin: Faculty of Economics and Business, University of Zagreb

No 11413249, Proceedings of Economics and Finance Conferences from International Institute of Social and Economic Sciences

Abstract: This paper empirically investigates the performance of Croatian initial public offerings (IPOs) throughout 20 years period. Besides financial benefit in the form of raising capital, IPOs also play a role in an increased public awareness of the company. By proving the comprehensive evaluation of reasons and consequences of IPO initiatives in Croatia we give analytic evidence on the influence of this corporate action on development of corporate governance. Furthermore, the paper discusses relation between internal and external corporate governance mechanisms in companies that initialize entering the financial markets for the first time, providing us with the analytical framework of understanding the impact on IPOs on corporate governance system in transition countries.

Keywords: Corporate governance; Initial Public Offering; Croatia; Transition Economies (search for similar items in EconPapers)
JEL-codes: G10 G34 M10 (search for similar items in EconPapers)
Pages: 8 pages
New Economics Papers: this item is included in nep-his and nep-tra
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Published in Proceedings of the Proceedings of the 14th Economics & Finance Conference, Lisbon, Nov -0001, pages 62-69

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Persistent link: https://EconPapers.repec.org/RePEc:sek:iefpro:11413249

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