Self-management in the Former Yugoslavia: From a Viewpoint of Corporate Governance

• Authors: Yoji Koyama
• Languages of publication: EN

Abstracts

EN

This paper makes an historical evaluation of workers’ self-management which lasted for about 40 years in the former Yugoslavia. Directors’ power was reduced considerably especially in the regime of the 1974 Constitution. Banks lacked autonomy in this regime. Banks were given a status of financial institu-tions which ought to serve self-managed enterprises. The way of founding banks was changed in such a way that self-managed enterprises founded a bank by pooling funds. Self-managed enterprises owed banks a large amount of debt, and local political circles were interested in financing the local self-managed enterprises for the purpose of development of the regional economy. Banks were actually managed by big debtors. Due to these defects self-management in the former Yugoslavia proved inefficient.

Keywords

EN

orkers; self-management; former Yugoslavia; bank; 1974 constitution

• Publisher: Wydział Zarządzania - Uniwersytet Gdański
• Journal: Zarządzanie i Finanse
• Year: 2013
• Volume: 2
• Issue: 6
• Pages: 97-112

Contributors

author

Yoji Koyama

• Dr, Professor Emeritus, Niigata University (Japan)