References
- Abdul Wahab, E. A., et al. 2007. The impact of the Malaysian code on corporate governance: compli- ance, institutional investors and stock performance, Journal of Contemporary Accounting & Econom- ics 3(2): 106–129. http://dx.doi.org/10.1016/S1815-5669(10)70025-4
- Aghion, P.; Caroli, E.; Garcia-Penalosa, C. 1999. Inequality and economic growth: the perspective of the new growth theories, Journal of Economic Literature 37(4): 1615–1660. http://dx.doi.org/10.1257/jel.37.4.1615
- Aggarwal, R., et al. 2007. Do U.S. firms have the best corporate Governance? A cross-country exami- nation of the relation between corporate governance and shareholder wealth, Working Paper 2006-03-006. Fisher College of Business, Ohio State University.
- Agrawal, A.; Knoeber, Ch. R. 2012. Corporate governance and firm performance, Chapter 26 in R. T. Christopher, W. F. Shughart (Eds.). Managerial economics. New York, NY: Oxford University Press.
- Aman, H.; Nguyen, P. 2007. Do stock prices reflect the corporate governance quality of Japanese firms? [online] University of New South Wales. Available from Internet: http://papers.ssrn.com/sol3/papers.cfm?abstract_id=983301
- Armour, J.; Hansmann, H.; Kraakman, R. 2009. Agency problems, legal strategies and enforcement, Discussion Paper No. 644 [online]. John M. Olin Center for Laws, Economics and Business, Harvard. Available from Internet: http://www.law.harvard.edu/programs/olin_center/
- Atanasov, V., et al. 2007. How does law affect finance? An examination of financial tunneling in an emerging market, Finance Working Paper 123/2006. ECGI.
- Bae, K.-H., et al. 2007. Do controlling shareholders' expropriation incentives imply a link between corporate governance and firm value? Evidence from the aftermath of Korean financial crisis [online]. Available from Internet: http://ssrn.com/abstract=1089926.
- Baker, E., et al. 2007. Corporate governance ratings in emerging markets: implications for market valuation, internal firm-performance, dividend payouts and policy. Asian Institute of Corporate Governance.
- Bauer, R., et al. 2003. Empirical evidence on corporate governance in Europe. The effect on stock returns, firm value and performance, EFMA 2004 Basel Meetings Paper. SSRN. http://dx.doi.org/10.2139/ssrn.444543
- Baležentis, A.; Balkienė, K. 2014. Innovation policy measurement: analysis of Lithuania's case, Economic Research – Ekonomska Istraživanja 27(1): 1–14. http://dx.doi.org/10.1080/1331677X.2014.947103
- Bebchuk, L. A.; Cohen, A.; Ferrell, A. 2004. What matters in corporate governance, Discussion Paper No. 491. Harvard Law School, John M. Olin Center.
- Black, B. 2001. The corporate governance behavior and market value of Russian firms, Emerging Markets Review 2: 89–108. http://dx.doi.org/10.1016/S1566-0141(01)00012-7
- Black, B. S; Khanna, V. S. 2007. Can corporate governance reforms increase firms' market values? Evidence from India, Journal of Empirical Legal Studies 4: 749–96. http://dx.doi.org/10.1111/j.1740-1461.2007.00106.x
- Blair, M. M. 1998. For whom should corporations be run? An economic rationale for stakeholder man- agement, Long Range Planning 31(2): 195–200. http://dx.doi.org/10.1016/S0024-6301(98)00003-X
- Bortolotti, B; Beltratti, A. 2006. The nontradable share reform in the chinese stock market: the role of fundamentals, IDEAS Working Papers 2007.131. Fondazione Eni Enrico Mattei.
- Brown, L. D.; Caylor, M. L. 2004. Corporate governance and firm performance. SSRN. http://dx.doi.org/10.2139/ssrn.586423
- Bruno, V. G. G.; Claessens, S. 2007. Corporate governance and regulation: can there be too much of a good thing?, Policy Research Working Paper 4140. World Bank.
- Cahn, A.; Donald, D. C. 2010. Comparative company law. Cambridge University Press. http://dx.doi.org/10.1017/CBO9780511779909
- Chhaochharia, V.; Laeven, L. A. 2007. Corporate governance, norms and practices, Finance Working Paper 165/2007. ECGI.
- Chidambaran, N. K., et al. 2008. Corporate governance and firm performance: evidence from large governance changes. SSRN. http://dx.doi.org/10.2139/ssrn.1108497
- Chong, A.; Lopez-de-Silanes, F. 2007. Investor protection and corporate governance: firm-level evi- dence from Latin America. Inter-American Development Bank, Washington, DC.
- Clarke, T. 1998. Research on corporate governance, Corporate Governance 6(1): 57–66. http://dx.doi.org/10.1111/1467-8683.00081
- Claessens, S. 2006. Corporate governance and development, World Bank Research Observer 21(1): 91–122. http://dx.doi.org/10.1093/wbro/lkj004
- Core, J. E., et al. 2006. Does weak governance cause weak stock returns? An examination of firm operating performance and investors' expectations, Journal of Finance 61(2): 655–87. http://dx.doi.org/10.1111/j.1540-6261.2006.00851.x
- Davies, P. L. 2000. The board of directors: composition, structure, duties and powers, in The Con- ference on Company Law Reform in OECD Countries: a Comparative Outlook of Current Trends, 7–8 December 2000, Stockholm, Sweden.
- De Nicolo, G., et al. 2008. Corporate governance quality: trends and real effects, Journal of Financial Intermediation 17(2): 198–228. http://dx.doi.org/10.1016/j.jfi.2007.10.002
- Demsetz, H. 1983. The structure of ownership and theory of the firm, Journal of Law & Economics 26: 375–390. http://dx.doi.org/10.1086/467041
- Doidge, C., et al. 2007. Why do countries matter so much for corporate governance?, Journal of Financial Economics 86: 1–39. http://dx.doi.org/10.1016/j.jfineco.2006.09.002
- Durnev, A.; Fauver, L. 2007. Stealing from thieves: firm governance and performance when states are predatory. Social Science Research Network. http://dx.doi.org/10.2139/ssrn.970969
- Durnev, A.; Kim, E. H. 2005. To steal or not to steal: firm attributes, legal environment, and valuation, Journal of Finance 60: 1461–1493. http://dx.doi.org/10.1111/j.1540-6261.2005.00767.x
- Ehikioya, B. I. 2009. Corporate governance structure and firm performance in developing economies: evidence from Nigeria, Corporate Governance 9(3): 231–243. http://dx.doi.org/10.1108/14720700910964307
- El Mehdi, I. K. 2007. Empirical evidence on corporate governance and corporate performance in Tu- nisia, Corporate Governance 15(6): 1429–1441. http://dx.doi.org/10.1111/j.1467-8683.2007.00655.x
- Erickson, J., et al. 2005. Board composition and firm value under concentrated ownership: the Cana- dian evidence, Pacific-Basin Finance Journal 13(4): 387–410. http://dx.doi.org/10.1016/j.pacfin.2004.11.002
- Fama, E. F. 1980. Agency problems and theory of the firm, Journal of Political Economy 88(2): 375–390. http://dx.doi.org/10.1086/260866
- Fama, E. F.; Jensen, M. C. 1983. Separation of ownership and control, Journal of Law and Economics 26: 301–325. http://dx.doi.org/10.1086/467037
- Ferreira, M.; Laux, P. A. 2007. Corporate governance, idiosyncratic risk, and information flow, Journal of Finance 62(2): 951–90. http://dx.doi.org/10.1111/j.1540-6261.2007.01228.x
- Gangone, A. D.; Ganescu, M. G. 2014. Corporate social responsibility in emerging and developing economies in Central and Eastern Europe – a measurement model from the stakeholder theory per- spective, Economic Research - Ekonomska Istraživanja 27(1): 539–558. http://dx.doi.org/10.1080/1331677X.2014.967535
- Gawer, J. 2012. Corporate governance scores and long term performance, in 29th International Con- ference of the French Finance Association, 15–16 May 2012, Strasbourg, France. http://dx.doi.org/10.2139/ssrn.2084896
- Gillan, S., et al. 2006. Tradeoffs in corporate governance: evidence from board structures and charter provisions. SSRN. http://dx.doi.org/10.2139/ssrn.917544
- Gompers, P. A.; Ishii, J. L.; Metrick, A. 2003. Corporate governance and equity prices, Quarterly Journal of Economics 118(1): 107–156. http://dx.doi.org/10.1162/00335530360535162
- Gokhan Gunay, S. 2008. Corporate Governance Theory – a comparative analysis of stockholder & stakeholder governance model. Bloomington, NY: iUnivers, Inc.
- Gruszczynski, M. 2006. Corporate governance and financial performance of companies in Poland, International Advances in Economic Research 12(2): 251–259. http://dx.doi.org/10.1007/s11294-006-9007-5
- Haniffa, R.; Hudaib, M. 2006. Corporate governance structure and performance of Malaysian listed companies, Journal of Business Finance & Accounting 33(7–8): 1034–1062. http://dx.doi.org/10.1111/j.1468-5957.2006.00594.x
- IFC. 2011. Corporate governance. Beograd.
- Jensen, M. C.; Meckling, W. H. 1976. Theory of the firm: managerial behaviour, agency costs and ownership structure, Journal of Financial Economics 3(4): 305–360. http://dx.doi.org/10.1016/0304-405X(76)90026-X
- Klapper, L. F.; Love, I. 2004. Corporate governance, investor protection, and performance in emerging markets, Journal of Corporate Finance 10: 287–322. http://dx.doi.org/10.1016/S0929-1199(03)00046-4
- Korent, D.; Đunđek, I.; Čalopa Klačmer, M. 2014. Corporate governance practices and firm perfor- mance measured by Croatian corporate governance index (CCGI®), Economic Research –Ekonomska Istraživanja 27(1): 221–231. http://dx.doi.org/10.1080/1331677X.2014.952109
- Kowalewski, O., et al. 2007. Corporate governance and dividend policy in Poland. Social Science Research Network. http://dx.doi.org/10.2139/ssrn.986111
- Kyereboah-Coleman, A. 2007. Corporate governance and firm performance in Africa: a dynamic panel data analysis. Sabanci University, Istanbul, Turkey.
- Larcker, D., et al. 2007. Corporate governance, accounting outcomes, and organizational performance, Accounting Review 82(4): 963–1008. http://dx.doi.org/10.2308/accr.2007.82.4.963
- Lehn, K., et al. 2006. Governance indexes and valuation: which causes which?, Journal of Corporate Finance 13(5): 907–928. http://dx.doi.org/10.1016/j.jcorpfin.2007.07.002
- Leibenstein, H. 1966. Allocative efficiency vs “X-efficiency”, American Economic Review 56(3): 392–415.
- Letza, S.; Sun, X.; Kirkbride, J. 2004. Shareholding versus stakeholding: a critical review of corporate governance, Corporate Governance: an International Review 12(3): 242–262. http://dx.doi.org/10.1111/j.1467-8683.2004.00367.x
- Levine, R. 1997. Financial development and economic growth: views and agenda, Journal of Eco- nomic Literature 35(2): 688–726.
- Love, I. 2011. Corporate performance around the world: what we know and what we don't, World Bank Research Observer 26(1): 42–70. http://dx.doi.org/10.1093/wbro/lkp030
- MacMillan, K.; Downing, S. 1999. Governance and performance: goodwill hunting, Journal of Gen- eral Management 24(3): 11–21.
- Maurović, L.; Hasić, T. 2014. Reducing agency costs by selecting an appropriate system of corporate governance, Ekonomska Istraživanja – Economic Research (special issue, 1): 225–242.
- McKinsey & Company. 2000. Investor opinion survey on corporate governance [online]. Available from Internet: http://www.oecd.org/corporate/ca/corporategovernanceprinciples/1922101.pdf
- Mijoč, J.; Pekanov Star, D.; Mijoč, I. 2014. Investigation of the relationship between contemporary cost management methods and improvement in financial performance, Economic Research – Ekonom- ska Istraživanja 27(1): 393–413. http://dx.doi.org/10.1080/1331677X.2014.966970
- Mills, R. W.; Weinstein, B. 2000. Beyond shareholder value: reconciling the shareholder and stake- holder perspectives, Journal of General Management 25(3): 79–93.
- Morck, R.; Wolfenzon, D.; Yeung, B. 2005. Corporate governance, economic entrenchment and growth, Journal of Economic Literature 43(3): 655–720. http://dx.doi.org/10.1257/002205105774431252
- Nenova, T., et al. 2005. Control values and corporate law in Brazil, Latin American Business Review 6(3): 1–37. http://dx.doi.org/10.1300/J140v06n03_01
- OECD Principles of Corporate Governance. 2004. [Online]. Available from Internet: www.oecd.org
- Penger, S.; Černe, M. 2014. Authentic leadership, employees' job satisfaction, and work engagement: a hierarchical linear modelling approach, Economic Research – Ekonomska Istraživanja 27(1): 508–526. http://dx.doi.org/10.1080/1331677X.2014.974340
- Pham, P. K., et al. 2007. Corporate governance and alternative performance measures: evidence from Australian firms. SSRN. http://dx.doi.org/10.2139/ssrn.1015985
- Pistor, K.; Chenggang, X. 2002. Fiduciary duty in transitional civil law jurisdictions, lessons from the incomplete law theory, Law Working Paper No. 1 [online]. ECGI. Available from Internet: http://ssrn.com/abstract=343480
- Plender, J. A. 1998. Giving people a stake in the future, Long Range Planning 31(2): 211–217. http://dx.doi.org/10.1016/S0024-6301(98)00005-3
- Post, J. E.; Preston, L. E.; Sachs, S. 2002. Redefining the corporation: stakeholder management and organizational wealth. California: Stanford University Press.
- Reddy, K., et al. 2008. Corporate governance practices of small cap companies and their financial performance: an empirical study in New Zealand, International Journal of Business Governance and Ethics 4(1): 51–78. http://dx.doi.org/10.1504/IJBGE.2008.017891
- Rui, O. M., et al. 2002. Simultaneous relationships among ownership, corporate governance, and financial performance. Social Science Research Network. http://dx.doi.org/10.2139/ssrn.337860
- Schmidt, K. 1997. Gesellschaftsrecht. 3rd ed. Koln: Carl Heymanns Verlag.
- Shleifer, A.; Vishny, R. W. 1997. A survey of corporate governance, The Journal of Finance 52: 737–783. http://dx.doi.org/10.1111/j.1540-6261.1997.tb04820.x
- Škare, M.; Golja, T. 2014. The impact of government CSR supporting policies on economic growth, Journal of Policy Modeling 36(3): 562–577. http://dx.doi.org/10.1016/j.jpolmod.2014.01.008
- The Companies Act. 2006. [Online]. Available from Internet: http://www.legislation.gov.uk/ukp-ga/2006/46/contents
- The Cadbury's Code. 1992. [Online]. Available from Internet: http://www.ecgi.org/codes/documents/cadbury.pdf
- Toudas, K; Karathanassis, G. 2007. Corporate governance and firm performance: results from Greek firms. Social Science Research Network. http://dx.doi.org/10.2139/ssrn.1067504
- Verbič, M.; Polanec, S. 2014. Innovativeness and intangibles in transition: the case of Slovenia, Eco- nomic Research – Ekonomska Istraživanja 27(1): 67–85. http://dx.doi.org/10.1080/1331677X.2014.947109
- Yen, S.-W. 2005. Are well governed firms safe investments? Social Science Research Network. http://dx.doi.org/10.2139/ssrn.648401
- Zheka, V. 2006. Does corporate governance causally predict firm performance? Panel data and instru- mental variables evidence, CERT Discussion Paper No. DP06/05. SSRN. http://dx.doi.org/10.2139/ssrn.877913