A comparative analysis of corporate governance in Public Enterprises in Kosovo - the difference between Central and Local Public Enterprises

Session

Management Business and Economy

Description

The purpose of this paper is to analyze and evaluate the implementation of OECD principles and practices for Corporate Governance in Public Enterprises in Kosovo, as well as to present the divergences of Corporate Governance between Central Public Enterprises and Local Public Enterprises. The study is based on primary and secondary data, where the latter are findings from overviews and reports of international organizations. Was used qualitative research methods, through interviews and the comparison method in order to identify the advantages and disadvantages of the CG in Public Enterprises with different ownership. The findings and results show that in Kosovo there is a low application of the OECD principles and there is a marked lack of entrepreneurs in the leadership of Public Enterprises. The legal loopholes and large debts of Enterprises to TAK have been identified as the main weaknesses of the CG. Public Enterprises in Kosovo are important for the local economy as they number about 10,152 employees or about 3.1% of the total employees in Kosovo. The only success we can mention is the separation of ownership from control, as among the fundamental issues of the CG. The study concludes that the differences between Central and Local PEs lie in the reporting and monitoring process, where Central PEs are monitored by Unit for Monitoring Public Enterprises and report to the Assembly of Kosovo, while Local NPs de facto have no monitoring, but only report to the Municipal Shareholders.

Keywords:

Corporate Governance, CG, OECD, Public Enterprises, PE

Proceedings Editor

Edmond Hajrizi

ISBN

978-9951-982-15-3

Location

UBT Kampus, Lipjan

Start Date

25-10-2024 9:00 AM

End Date

27-10-2024 6:00 PM

DOI

10.3107/ubt-ic.2024.26

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Oct 25th, 9:00 AM Oct 27th, 6:00 PM

A comparative analysis of corporate governance in Public Enterprises in Kosovo - the difference between Central and Local Public Enterprises

UBT Kampus, Lipjan

The purpose of this paper is to analyze and evaluate the implementation of OECD principles and practices for Corporate Governance in Public Enterprises in Kosovo, as well as to present the divergences of Corporate Governance between Central Public Enterprises and Local Public Enterprises. The study is based on primary and secondary data, where the latter are findings from overviews and reports of international organizations. Was used qualitative research methods, through interviews and the comparison method in order to identify the advantages and disadvantages of the CG in Public Enterprises with different ownership. The findings and results show that in Kosovo there is a low application of the OECD principles and there is a marked lack of entrepreneurs in the leadership of Public Enterprises. The legal loopholes and large debts of Enterprises to TAK have been identified as the main weaknesses of the CG. Public Enterprises in Kosovo are important for the local economy as they number about 10,152 employees or about 3.1% of the total employees in Kosovo. The only success we can mention is the separation of ownership from control, as among the fundamental issues of the CG. The study concludes that the differences between Central and Local PEs lie in the reporting and monitoring process, where Central PEs are monitored by Unit for Monitoring Public Enterprises and report to the Assembly of Kosovo, while Local NPs de facto have no monitoring, but only report to the Municipal Shareholders.