prikaz prve stranice dokumenta Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice
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Scientific paper - Original scientific paper
Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice
In: Economic and Social Development (Book of Proceedings). Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland, 2016. pp. 234-244. urn:nbn:hr:118:839755
Braut Filipović, Mihaela; Derenčinović Ruk, Morana; Grković, Nikolina

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Braut Filipović, M., Derenčinović Ruk, M. & Grković, N. (2016). Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice. Economic and Social Development (Book of Proceedings) (pp. 234-244). Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland. Retrieved from https://urn.nsk.hr/urn:nbn:hr:118:839755

Braut Filipović, Mihaela, et al. "Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice." Economic and Social Development (Book of Proceedings), Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland, 2016, pp. 234-244. https://urn.nsk.hr/urn:nbn:hr:118:839755

Braut Filipović, Mihaela, Morana Derenčinović Ruk and Nikolina Grković. "Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice." In Economic and Social Development (Book of Proceedings), 234-244. Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland, 2016. Accessed 2024 May 07. https://urn.nsk.hr/urn:nbn:hr:118:839755

Braut Filipović, M., Derenčinović Ruk, M. and Grković, N. (2016) 'Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice', Economic and Social Development (Book of Proceedings), Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland, pp. 234-244. Available at: https://urn.nsk.hr/urn:nbn:hr:118:839755 (Accessed 07 May 2024)

Braut Filipović M, Derenčinović Ruk M, Grković N. Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice. Economic and Social Development (Book of Proceedings). Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland; 2016. Pp. 234-244. [cited 2024 May 07] Available at: https://urn.nsk.hr/urn:nbn:hr:118:839755

M. Braut Filipović, M. Derenčinović Ruk and N. Grković, "Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice", Economic and Social Development (Book of Proceedings) Varazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland, 2016. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:118:839755 [Accessed: 07 May 2024]

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Metadata
Title (english)Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice
AuthorMihaela Braut Filipović
AuthorMorana Derenčinović Ruk
AuthorNikolina Grković
Author's institutionUniversity of Rijeka
FACULTY OF LAW
(Chairs)
Scientific / art field,
discipline and subdiscipline		SOCIAL SCIENCES
Law
Commercial and Company Law
Abstract (english)
Alternative investment funds (AIFs) differ from “traditional” investors in their role as shareholders of companies in which they invest. Although traditional institutional investors prevail over alternative ones in the global share of investments, their role in portfolio companies is usually passive due to regulatory and investment restrictions applicable to them (as for example UCITS funds). Specific types of AIFs (private equity/venture capital funds/hedge funds) invest a significant part of their asset in various companies and available comparative data suggests that they are significantly more active in portfolio companies than other shareholders/investors. Through different types of activism, AIFs tend to influence the corporate governance of companies in which they invest. The goal of this article is to determine whether Croatian AIFs play an active role as shareholders in their portfolio companies. Importantly, Croatian AIFs have just recently been regulated in line with known global trends, which further enhance their position on the market. Authors shall analyze available legal mechanisms for shareholders to actively participate and influence the corporate governance of the companies under Croatian law. In order to determine whether AIFs as shareholders employ those mechanisms in practice, authors conducted research among the managers of Croatian AIFs. Research was focused on determining whether Croatian AIFs participate actively in governance of portfolio companies through voting rights, making shareholder proposals, informal influence on the board members or other type of shareholders’ activism. Finally, authors shall elaborate if the current state of AIFs activism in portfolio companies represents a good example of corporate governance from the point of a long-term criticized passive shareholders issue.
Keywords (english)
Languageenglish
Publication typeScientific paper - Original scientific paper
Publication statusPublished
Peer reviewPeer review
Publication versionPublished version
Publication titleEconomic and Social Development (Book of Proceedings)
Numberingpp. 234-244
URN:NBNurn:nbn:hr:118:839755
Publication2016
ConferenceTitle: 18th International Scientific Conference on Economic and Social Development "Building Resilient Society" - Eastern European ESD Conference on Social Responsibility
Location: Zagreb, Croatia
Start date: 2016-12-09
End date: 2016-12-10
Assembly type: Lecture
Document URLhttp://bib.irb.hr/849739
Type of resourceText
PublisherVarazdin Development and Entrepreneurship Agency, Varazdin, Croatia University North, Koprivnica, Croatia Faculty of Management University of Warsaw, Warsaw, Poland
Access conditionsOpen access
Terms of useLicence In copyright icon
Created on2021-12-14 12:10:06