Organizational growth of SMEs in Serbia: Governance as a built-in limiting growth factor | Zendy

Nebojša Janićijević | Zendy; Biljana Bogićević-Milikić | Zendy

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Organizational growth of SMEs in Serbia: Governance as a built-in limiting growth factor

Author(s) -

Nebojša Janićijević,

Biljana Bogićević-Milikić

Publication year - 2010

Publication title -

sociologija

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.174

H-Index - 8

eISSN - 2406-0712

pISSN - 0038-0318

DOI - 10.2298/soc1002167j

Subject(s) - delegate , serbian , corporate governance , business , limiting , organizational culture , accounting , public relations , political science , finance , mechanical engineering , philosophy , linguistics , computer science , engineering , programming language

The aim of the study is to investigate the characteristics of governance structures in three Serbian medium-sized enterprises and, particularly, whether the corporate governance influences organizational growth prospects of these firms. The results suggest that in all the companies owners held a tight personal control over all activities, not being willing to delegate any authority to professional managers. This unwillingness of owners to delegate authority actually presents the main barrier for further organizational growth for their firms, and such behavior is, we believe, deeply rooted in the values of the Serbian national culture

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