Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/49177
Authors: 
Petrovic, Pero
Cerovic, Slobodan
Year of Publication: 
2010
Citation: 
[Journal:] UTMS Journal of Economics [ISSN:] 1857-6982 [Volume:] 1 [Year:] 2010 [Issue:] 1 [Pages:] 93-98
Abstract: 
This article analyses the development in Serbien tourism sector during the last decade. The article is focused on the ownership structure and company performance in the light of corporate governance theory and the actuel privatisation process. Previous research has proven that Serbien state is a poor and pasive owner, whereas private owners and amployees are more active and more interested in their company's economic performance. This article shows that the transition to private ownership in the Serbian hotels sector has not been finished. Consequently, state-owned and investment funds remain important owners of Serbien hotels. The financial performance of hotel companies is below average in the economy and can be correlated with the current ownership structure. Since the current ownership structure has a negative impact on the hotel sector competitiveness, an ownership change is needed to boost the sector's competitivensess and the competitivensess of Serbia as tourist destination.
Subjects: 
ownership
structure
performance
hotel companies
Serbia
Document Type: 
Article
Appears in Collections:

Files in This Item:
File
Size
90.43 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.