Academic Journal
PERFORMANCE APPRAISAL AND SUPERVISION OF STATE-OWNED ENTERPRISES IN BOSNIA AND HERZEGOVINA
| العنوان: | PERFORMANCE APPRAISAL AND SUPERVISION OF STATE-OWNED ENTERPRISES IN BOSNIA AND HERZEGOVINA |
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| المؤلفون: | Nikola Nikolić, Slobodan Marin, Milan Šušić |
| المصدر: | Journal of Process Management and New Technologies, Vol 8, Iss 4, Pp 77-94 (2020) |
| بيانات النشر: | Faculty of Applied Management, Economics and Finance – MEF, Belgrade, University Business Academy in Novi Sad |
| سنة النشر: | 2020 |
| المجموعة: | Directory of Open Access Journals: DOAJ Articles |
| مصطلحات موضوعية: | state-owned enterprises, financial performance, enterprise management, quality, reforms, Technology (General), T1-995 |
| الوصف: | Bosnia and Herzegovina has opted for a market economy, which implies the liberalization of prices and trade, as well as the existence of an applicable legal system, including real rights. In order for a market economy to function, it is necessary to ensure macroeconomic stability and consensus on economic policy. A developed financial sector and the absence of significant barriers to entry and exit strengthen the efficiency of the economy. By analyzing the database of financial statements of state-owned companies in Bosnia and Herzegovina, we conclude that they are mostly in poor financial condition. This paper analyzes the structure of the state-owned enterprise sector, and identifies individual enterprises that affect fiscal and macroeconomic performance. State-owned companies do not contribute enough to the growth and stability of the economy, the financial analysis showed. The framework for the management of state-owned enterprises has also been analyzed and we come to the conclusion that the entity and cantonal governments do not perform their ownership function in accordance with the WB / OECD guidelines. Quality governance reforms in state-owned enterprises are needed to encourage transparency and increase the quality of accountability. Achieving a higher level of quality in the state-owned enterprise sector can achieve an increase in total GDP of 3 percent annually. |
| نوع الوثيقة: | article in journal/newspaper |
| اللغة: | English |
| تدمد: | 2334-735X 2334-7449 |
| Relation: | http://www.japmnt.com/images/Volume8/issue-4/7.%20PERFORMANCE%20APPRAISAL%20AND%20SUPERVISION%20OF%20STATE-OWNED%20ENTERPRISES%20IN%20BOSNIA%20AND%20HERZEGOVINA29.10.2020.pdf; https://doaj.org/toc/2334-735X; https://doaj.org/toc/2334-7449; https://doaj.org/article/6dd084bfbcc341d88c8de25f4d3d9f34 |
| DOI: | 10.5937/jouproman8-29087 |
| الاتاحة: | https://doi.org/10.5937/jouproman8-29087 https://doaj.org/article/6dd084bfbcc341d88c8de25f4d3d9f34 |
| رقم الانضمام: | edsbas.AC95C00F |
| قاعدة البيانات: | BASE |
| تدمد: | 2334735X 23347449 |
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| DOI: | 10.5937/jouproman8-29087 |