1. bookVolume 12 (2021): Issue 1 (May 2021)
Journal Details
License
Format
Journal
First Published
19 Sep 2012
Publication timeframe
2 times per year
Languages
English
access type Open Access

Privatization in Croatia: Standpoint of Croatian Citizens in 1998 and 2018

Published Online: 04 Jun 2021
Page range: 1 - 16
Received: 28 Mar 2020
Accepted: 08 Jun 2020
Journal Details
License
Format
Journal
First Published
19 Sep 2012
Publication timeframe
2 times per year
Languages
English
Abstract

Background: The break-up of Yugoslavia has led to a transition from planned to the market economy. The main task of transition is privatization, which implies transferring most of the former social ownership to private individuals. The privatization process has marked the end of the twentieth century in Croatia and still carries many unanswered questions that have arisen because of the persistent need for privatization in the former, unconsolidated state.

Objectives: The main objective of the paper is to make a comparison of respondents’ perception of Croatian privatization in 2018 compared to 1998. The aim is to investigate the similarities and changes in the attitudes of the Croats regarding the privatization processes that Croatia has engulfed in several stages.

Methods/Approach: The survey was conducted on a sample of one hundred Croatian citizens about their perception of the privatization process in Croatia in 2018. Results of the survey in 1998 and 2018 were compared using the chi-square test.

Results: The respondents in 2018 are convinced that the main goals of privatization have not been realized. Citizens’ distrust towards the system and institutions conducting the privatization process is greater in 2018 compared to 1998.

Conclusions: Respondents perception of privatization has not changed significantly concerning the 20-year gap. Dissatisfaction due to the unfulfilled fundamental goals is still present, as is the need for revision of privatization.

Keywords

JEL Classification

1. Agency for Restructuring and Development (1992), “Annual report”, Agencija za restrukturiranje i razvoj, Zagreb. Search in Google Scholar

2. Arsov, S., Naumoski, A. (2014), “Transparency and Disclosure Practices in Selected Post Transition Economies”. European Journal of Business and Management, Vol. 6, No. 16, pp.146-154. Search in Google Scholar

3. Bendeković, J., (2000), “Privatization in Croatia”, Economic review, Vol. 51, No. 1, pp. 55-90. Search in Google Scholar

4. Bennett, J., Estrin, S., Urga, G. (2007), “Methods of privatization and economic growth in transition economies 1” Economics of Transition, Vol. 15, No. 4, pp. 661-683. Search in Google Scholar

5. Bjørnskov, C., Potrafke, N. (2011), “Politics and privatization in Central and Eastern Europe: A panel data analysis 1”, Economics of Transition, Vol. 19, No. 2, pp. 201-230. Search in Google Scholar

6. Bonneau, A. (2011) The effect of privatization method on inequality in Eastern European transition economies. MSc thesis, Stanford University, California. Search in Google Scholar

7. Central Bureau of Statistics (2013) Census 2011 Zagreb available at: https://www.dzs.hr/Hrv/censuses/census2011/censuslogo.htm, (05, November, 2019) Search in Google Scholar

8. Central Bureau of Statistics (2019), First release, Number and structure of business entities, december 2018, available at: https://www.dzs.hr/Hrv_Eng/publication/2018/11-01-01_04_2018.htm / (18 March, 2020) Search in Google Scholar

9. Čengić, D., (1995), “Managers and privatization. Sociological aspects of enterprise take-overs” Alinea, Zagreb. Search in Google Scholar

10. Čengić, D., (2000), “The Ruling Elite and the Delegitimation of the Privatization Project”, Društvena istraživanja - Časopis za opća društvena pitanja, Vol. 9, No. 4-5, pp. 497-525. Search in Google Scholar

11. Čučković, N. (2002), “Siva ekonomija i proces privatizacije u Hrvatskoj 1997-2001” Financijska teorija i praksa, Vol. 26, No. 1, pp. 245-271. Search in Google Scholar

12. Franičević. V., (2002), “Political and moral economy in the first decade of the transition in Croatia”, Politička misao, Vol. 39, No. 1, pp. 3-34. Search in Google Scholar

13. Gatarić, Lj. (2019) “Tko je opljačkao Hrvatsku: komunistički direktori ili rodijački kapitalizam HDZ-a?”, Večernji list, available at: https://www.vecernji.hr/vijesti/tko-je-opljackao-hrvatsku-komunisticki-direktori-ili-rodijacki-kapitalizam-hdz-a-1364645, (16 March 2020) Search in Google Scholar

14. Gregurek, M., (2001), “Level and effects of privatization in Croatia”, Economic review, Vol. 52, No. 1-2, pp. 155-188. Search in Google Scholar

15. Gupta, N. (2005), Partial privatization and firm performance. The Journal of Finance, Vol. 60, No. 2, pp. 987-1015. Search in Google Scholar

16. Haramija, P., Njavro, Đ., (2016), “The Transition and its Results – Why the Transition from the Communist to the Democratic System of a Market Economy did not Meet Expectations”, Obnovljeni život: časopis za filozofiju i religijske znanosti, Vol. 71, No. 4, pp. 515-527. Search in Google Scholar

17. Iveković, M. (2012), “Privatizacija u Hrvatskoj: jučer, danas, sutra”, Zarez, 05.12.2012. available at: http://www.zarez.hr/clanci/privatizacija-u-hrvatskoj-jucer-danas-sutra, (16 March 2020) Search in Google Scholar

18. Jelić, N. Plišić, A., Vresnik, V., (2006) “Kraj hajke na privatizaciju” Jutarnji list, available at: https://www.jutarnji.hr/arhiva/kraj-hajke-na-privatizaciju/3754959/ (16 March, 2020) Search in Google Scholar

19. Josipović, I. (2018), “Zastara u predmetima ratnog profiterstva i kriminala u pretvorbi i privatizaciji i kontroverze nakon odluke Ustavnog suda u predmetu Hypo”, Hrvatski ljetopis za kaznene znanosti i praksu, Vol. 25, No. 2, pp. 197-259. Search in Google Scholar

20. Kalogjera, N., (1993), “Privatization in the stabilization and development of Croatian economy” Društvena istraživanja-Časopis za opća društvena pitanja, Vol. 2, No. 1, pp. 51-86. Search in Google Scholar

21. Kraft, E., Jankov, L. (2005), “Does speed kill? Lending booms and their consequences in Croatia”. Journal of Banking & Finance, Vol. 29, No. 1, pp. 105-121. Search in Google Scholar

22. Lasić, V. (2000), “Koncept modela privatizacije u Hrvatskoj” Ekonomski pregled, Vol. 51, No. 1-2, pp. 107-117. Search in Google Scholar

23. Nikić G., (2004), “Economic aspects of Croatia’s accession to the European union - passed ten and the forthcoming ten years”, Economic review, Vol. 55, No. 3-4, pp. 197-226. Search in Google Scholar

24. Njavro, Đ., (1993),“Privatization”, Journal for general social issues, Vol. 2, No. 1, pp. 87-105. Search in Google Scholar

25. Olgić Draženović, B., Kusanović, T. (2016), “Determinants of capital market in the new member EU countries.” Economic research - Ekonomska istraživanja, Vol. 29, No. 1, pp. 758-769. Search in Google Scholar

26. Ožanić, M. (2016) “Pretvorba i privatizacija (3) – Prtljaga s kojom smo ušli u kapitalizam i privatizaciju” Sve o poduzetništvu, 5.08.2016., available at: http://www.sveopoduzetnistvu.com/index.php?main=clanak&id=78 /(16 March 2020) Search in Google Scholar

27. Pejić Bach, M., Dumičić, K., Jaković, B., Nikolić, H., Žmuk, B. (2018), “Exploring impact of economic cost of violence on internationalization: Cluster analysis approach” International journal of engineering business management, Vol. 10, No. 1, 1. Search in Google Scholar

28. Petrović, S., Šonje, V. (2016) “Je li privatizacija državnih poduzeća nužan uvjet njihovog uspješnog poslovanja u Hrvatskoj?”. Privredna kretanja i ekonomska politika, Vol. 25, No. 1, pp. 37-88. Search in Google Scholar

29. Protulipac, A. (2014), “Privatizacija u Hrvatskoj – tijek, posljedice, mitovi” Slobodni filozofski, available at: http://slobodnifilozofski.com/2014/05/armin-protulipac-privatizacija-u.html /(16 March, 2020) Search in Google Scholar

30. Rogić, I., Zeman, Z., (1998), “Privatizacija i modernizacija”, Institut društvenih znanosti lvo Pilar, Zagreb. Search in Google Scholar

31. Stojčić, N. (2012), “Two decades of Croatian transition: a retrospective analysis.” South East European Journal of Economics and Business, Vol. 7, No. 2, pp. 63-76. Search in Google Scholar

32. Šokčević, Š., (2007), “Privatization of State-Owned Property - (Un)Successful Proces of Tranzition? Social - etical judgement?”, Diaconvensia: teološki prilozi, Vol. 15, No. 1, pp.103-154. Search in Google Scholar

33. Štulhofer, A., (1998), “Krivudava staza hrvatske privatizacije”, in Rogić, I., Zeman, Z. (Ed.) Privatizacija i modernizacija, Institut društvenih znanosti lvo Pilar, Zagreb, pp. 163-177. Search in Google Scholar

34. Štulhofer, A., (1999), “Proces privatizacije i hrvatska javnost 1996.-1998.”, in Čengić, D. (Ed.) Privatizacija i javnost, Institut društvenih znanosti lvo Pilar, Zagreb, pp. 1-31. Search in Google Scholar

35. Vukšić, G. (2016), “Effects of private ownership, trade, and foreign direct investment on labour productivity growth in transition economies: evidence from the Croatian manufacturing industry” Emerging Markets Finance and Trade, Vol. 52, No 2, pp. 322-335. Search in Google Scholar

36. Vušković, P. (2020), “Petar Vušković o privatizaciji: Nitko od stranaca nam neće ništa uzeti – ni vode, ni ceste ni šume. Bojimo se bez veze.”, available at: https://lider.media/poslovnascena/hrvatska/petar-vukusic-o-privatizaciji-nitko-od-stranaca-nam-nece-nista-uzeti-nivode-ni-ceste-ni-sume-bojimo-se-bez-veze-129836 / (16 March, 2020) Search in Google Scholar

Recommended articles from Trend MD

Plan your remote conference with Sciendo