search query: @freeterm trading, ownership, concentration, / total: 1
reference: 1 / 1
« previous | next »
| Author: | Jasovic, B. Simoneti, M. |
| Title: | Company takeovers after the ownership transformation |
| Journal: | Slovenska ekonomska revija
1995 : VOL. 46:1-2, p. 82-104 |
| Index terms: | |
| Freeterms: | Slovenia, enterprises, privatization, property, restructuring, management and control, joint stock company, shares, trading, ownership, concentration, company takeovers, regulations |
| Language: | slv |
| Abstract: | On the basis of a comparison with the developed economies the conclusion can be made that after the mass privatization no big changes in the behavior of privatized companies should be expected.Problems are: the structure of ownership, limited motivation and capability of the new owners, and undeveloped mechanisms of ownership control.To achieve micro and macro objectives of privatization, the consolidation of ownership is needed first.This process will be determined by defining the rules of corporate governance in companies, rules for trading of shares and acquisition of privatized companies.The main objectives in regulating acquisitions of publicly traded companies through tender offers should be to protect small shareholders and to limit the use of defensive measures that are against the interests of the company and its shareholders.The objective of this regulation could not be to supervise foreign acquisitions of privatized companies as tender offers are just one among many possible acquisition techniques.Authors argue that extensive restrictions on tender offers are not in the best interest of small shareholders and of the national economy. Specific tender offer rules are suggested for privatized companies that takes into account the ownership structure in Slovenia after the mass privatization. |
« previous | next »
SCIMA