Governance and Enterprise Restructuring: The Case of Macedonia |
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Authors: | Mico Apostolov |
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Institution: | (1) Scuola Superiore Sant’Anna, Pisa, Italy;(2) University of California, Haas School of Business, Berkeley, USA |
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Abstract: | This paper is a case study of the Republic of Macedonia (Southeast Europe), which focuses on examining governance and enterprise restructuring. Governance and enterprise restructuring
is already defined indicator in EBRD’s studies and transition reports, measuring the effective corporate governance and corporate
control exercised through domestic financial institutions and markets, fostering market-driven restructuring. As of the beginning
of the transition process, governance and enterprise restructuring remains in the center, as essential pillar, that moves
forward the society towards developed market economy. 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. |
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Keywords: | |
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