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2018•FiscusOpen access

Financial performance of state-owned enterprises

Anto Bajo, Lana Zuber, Marko Primorac

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Abstract

Croatia is one of European countries whose share of state-owned enterprises (SOEs) in GDP is exceptionally high. Such companies are present across all economic sectors and their share in budget revenue is inconsiderable due to poor financial operations. The aim of this paper is to determine the financial performance of state-owned enterprises and draw attention to issues arising from the way their business operations are monitored. Given the statistical discrepancies in data, this analysis focuses mostly on the 2008 – 2016 period. The primary sources of the data used herein are the Financial Agency (Fina), the Ministry of Finance and the Ministry of State Property.

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What this paper is about

Croatia is one of European countries whose share of state-owned enterprises (SOEs) in GDP is exceptionally high. Such companies are present across all economic sectors and their share in budget revenue is inconsiderable due to poor financial operations. The aim of this paper is to determine the financial performance of state-owned enterprises and draw attention to issues arising from the way their business operations are monitored. Given the statistical discrepancies in data, this analysis focuses mostly on the 2008 – 2016 period. The primary sources of the data used herein are the Financial Agency (Fina), the Ministry of Finance and the Ministry of State Property.

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OpenAlex reports 10 citations for this work. Citation counts describe recorded attention and do not establish research quality.

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Available abstract

Croatia is one of European countries whose share of state-owned enterprises (SOEs) in GDP is exceptionally high. Such companies are present across all economic sectors and their share in budget revenue is inconsiderable due to poor financial operations. The aim of this paper is to determine the financial performance of state-owned enterprises and draw attention to issues arising from the way their business operations are monitored. Given the statistical discrepancies in data, this analysis focuses mostly on the 2008 – 2016 period. The primary sources of the data used herein are the Financial Agency (Fina), the Ministry of Finance and the Ministry of State Property.

Key concepts: Christian ministry, Revenue, Finance, Business, Agency (philosophy), State (computer science), Accounting, Algorithm

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