THE IMPACT OF INSTITUTIONAL INVESTORS’ OWNERSHIP ON PERFORMANCE AND FINANCIAL POSITION: EVIDENCE FROM FIRMS IN THE REPUBLIC OF CROATIA

Main Article Content

Ivana Đunđek Kokotec Silvije Orsag Marina Klačmer Čalopa

Abstract

The research problem of this study is focused on examining the impact of the ownership of institutional investors on the corporate governance of Croatian companies. The problem was approached comprehensively such that institutional investors were analysed as both homogeneous and heterogeneous groups (investment funds, pension funds, insurance companies). The results of this study reveal a statistically significant impact of institutional investor ownership being viewed as both homogeneous and heterogeneous groups on business performance and financial position, which reduces the gap between ownership intentions and management interests, thereby resulting in an increase in shareholder wealth while limiting the satisfaction and social goals of a company.

Article Details

How to Cite
Đunđek Kokotec, I., Orsag, S., & Klačmer Čalopa, M. (2021). THE IMPACT OF INSTITUTIONAL INVESTORS’ OWNERSHIP ON PERFORMANCE AND FINANCIAL POSITION: EVIDENCE FROM FIRMS IN THE REPUBLIC OF CROATIA. The South East European Journal of Economics and Business, 16(1), 53-69. Retrieved from http://journal.efsa.unsa.ba/index.php/see/article/view/1539
Section
Scientific and Professional papers: Economics and Business
Author Biographies

Ivana Đunđek Kokotec, Faculty of Organization and Informatics, University of Zagreb

Ivana Đunđek Kokotec, PhD
(corresponding author)
Assistant
Faculty of Organization and Informatics,
University of Zagreb
E-mail: idjundjek@foi.unizg.hr
Address: Pavlinska 2, 42 000 Varaždin, Croatia
ORCID: 0000-0003-1269-0777

Silvije Orsag, Faculty of Economics & Business – Zagreb, University of Zagreb

Silvije Orsag, PhD
Full Professor
Faculty of Economics & Business – Zagreb,
University of Zagreb
E-mail: sorsag@efzg.hr
ORCID: 0000-0002-8151-0656

Marina Klačmer Čalopa, Faculty of Organization and Informatics, University of Zagreb

Marina Klačmer Čalopa, PhD
First-time Full Professor
Faculty of Organization and Informatics,
University of Zagreb
E-mail: marina.klacmer@foi.unizg.hr
ORCID: 0000-0002-2546-0615