Event Title

Corporate Governance in Privately Owned Enterprises

Session

Management, Business and Economics

Description

Corporate governance has received considerable attention in recent years and has been a growing topic for discussion. Several crises brought regulators and academics to agree that poor governance remain one of the main causes of serious problems, while good corporate governance is considered crucial not only for companies, but also have a significant positive impact on the economy as a whole. The objective of this research is to investigate corporate governance principles, how they are implemented in POE (privately owned enterprises) in Kosovo, and they impact to company performance (SMEs and Corporate businesses). I will analyze the literature on corporate governance and aspects of corporate governance specific to privately owned enterprises in Kosovo, with special focus in board size, board composition, its structure and independency, top management team (TMT) and number of women’s in board and top management positions. Part of the literature review will be international recognized best-practice benchmark on the governance framework, respectively OECD CG principles, corporate governance theories (agency theory), local regulations/laws with regard to Corporate Governance, and respective company financial documents. This topic is important considering that as a concept is relatively new in Kosovo, especially knowing the fact that most of the companies are founded from scratch after the 1999 Kosovo war (according to Ministry of Trade and Industry, annual reports). Therefore, investigating Corporate Governance principles would be in the interest of the businesses, banks, new investors, government and economy in general. The key research question is: How corporate governance principles are implemented in Kosovo POE (privately owned enterprises)? A sample of the 100 companies will be selected. Return on equity and profitability will be used as the proxies for company performance, while board size, board composition, board independence, TMT, gender diversity will be variables for measuring corporate governance. The research will be mixed methods, combination of qualitative and quantitative research. The research is expected to serve as a guide to assess and improve the understanding of corporate governance in Kosovo POE.

Keywords:

Corporate governance, Privately owned enterprise/POE, Board size, Board composition and independency, TMT (top management team), Women directors

Session Chair

Nehat Ramadani

Session Co-Chair

Nehat Dobratiqi

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-437-69-1

Location

Pristina, Kosovo

Start Date

27-10-2018 10:45 AM

End Date

27-10-2018 12:15 PM

DOI

10.33107/ubt-ic.2018.286

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Oct 27th, 10:45 AM Oct 27th, 12:15 PM

Corporate Governance in Privately Owned Enterprises

Pristina, Kosovo

Corporate governance has received considerable attention in recent years and has been a growing topic for discussion. Several crises brought regulators and academics to agree that poor governance remain one of the main causes of serious problems, while good corporate governance is considered crucial not only for companies, but also have a significant positive impact on the economy as a whole. The objective of this research is to investigate corporate governance principles, how they are implemented in POE (privately owned enterprises) in Kosovo, and they impact to company performance (SMEs and Corporate businesses). I will analyze the literature on corporate governance and aspects of corporate governance specific to privately owned enterprises in Kosovo, with special focus in board size, board composition, its structure and independency, top management team (TMT) and number of women’s in board and top management positions. Part of the literature review will be international recognized best-practice benchmark on the governance framework, respectively OECD CG principles, corporate governance theories (agency theory), local regulations/laws with regard to Corporate Governance, and respective company financial documents. This topic is important considering that as a concept is relatively new in Kosovo, especially knowing the fact that most of the companies are founded from scratch after the 1999 Kosovo war (according to Ministry of Trade and Industry, annual reports). Therefore, investigating Corporate Governance principles would be in the interest of the businesses, banks, new investors, government and economy in general. The key research question is: How corporate governance principles are implemented in Kosovo POE (privately owned enterprises)? A sample of the 100 companies will be selected. Return on equity and profitability will be used as the proxies for company performance, while board size, board composition, board independence, TMT, gender diversity will be variables for measuring corporate governance. The research will be mixed methods, combination of qualitative and quantitative research. The research is expected to serve as a guide to assess and improve the understanding of corporate governance in Kosovo POE.