Alternative investment funds and their role in 
portfolio companies – state of art in Croatian law 
and practice

Braut Filipović, Mihaela; Derenčinović Ruk, Morana; Grković, Nikolina

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) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society". / Mihanović, Damir; Hunjet, Anica; Primorac, Željka (Ed.). Varaždin; Koprivnica; Warsaw: Varazdin Development and Entrepreneurship Agency; University North; Faculty of Management University of Warsaw, 2016. pp. 234-244. urn:nbn:hr:118:839755

Braut Filipović, Mihaela; Derenčinović Ruk, Morana; Grković, Nikolina

Cite this document

APA 6th Edition

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. In D. Mihanović, (Ed.), A. Hunjet, (Ed.), Ž. Primorac, (Ed.), Economic and Social Development (Book of Proceedings) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society" (pp. 234-244). Varaždin: Varazdin Development and Entrepreneurship Agency; Koprivnica: University North; Warsaw: Faculty of Management University of Warsaw. Retrieved from https://urn.nsk.hr/urn:nbn:hr:118:839755

MLA 8th Edition

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) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society", edited by Damir Mihanović, edited by Anica Hunjet, edited by Željka Primorac, Varazdin Development and Entrepreneurship Agency, University North, Faculty of Management University of Warsaw, 2016, pp. 234-244. https://urn.nsk.hr/urn:nbn:hr:118:839755

Chicago 17th Edition

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) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society", 234-244. Varaždin: Varazdin Development and Entrepreneurship Agency; Koprivnica: University North; Warsaw: Faculty of Management University of Warsaw, 2016. Accessed 2024 December 21. https://urn.nsk.hr/urn:nbn:hr:118:839755

Harvard

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', in Mihanović, D. (ed.), Hunjet, A. (ed.), Primorac, Ž. (ed.), Economic and Social Development (Book of Proceedings) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society", Varaždin, Varazdin Development and Entrepreneurship Agency; Koprivnica, University North; Faculty of Management University of Warsaw, Warsaw, pp. 234-244. Available at: https://urn.nsk.hr/urn:nbn:hr:118:839755 (Accessed 21 December 2024)

Vancouver

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. In: D. Mihanović, ed., A. Hunjet, ed., Ž. Primorac, ed. Economic and Social Development (Book of Proceedings) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society". Varaždin: Varazdin Development and Entrepreneurship Agency; Koprivnica: University North; Warsaw: Faculty of Management University of Warsaw; 2016. Pp. 234-244. [cited 2024 December 21] Available at: https://urn.nsk.hr/urn:nbn:hr:118:839755

IEEE

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) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society", D. Mihanović, A. Hunjet and Ž. Primorac, Eds. Varaždin: Varazdin Development and Entrepreneurship Agency; Koprivnica: University North; Warsaw: Faculty of Management University of Warsaw, 2016. [Online] Available at: https://urn.nsk.hr/urn:nbn:hr:118:839755 [Accessed: 21 December 2024]

Cite this item: https://urn.nsk.hr/urn:nbn:hr:118:839755

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Metadata

Title (english)	Alternative investment funds and their role in portfolio companies – state of art in Croatian law and practice
Author	Mihaela Braut Filipović
Author	Morana Derenčinović Ruk
Author	Nikolina Grković
Editor	Damir Mihanović
Editor	Anica Hunjet
Editor	Željka Primorac
Author's institution	University 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)
Language	english
Publication type	Scientific paper - Original scientific paper
Publication status	Published
Peer review	Peer review
Publication version	Published version
Publication title	Economic and Social Development (Book of Proceedings) : 18th International Scientific Conference on Economic and Social Development "Building Resilient Society"
Numbering	pp. 234-244
p-ISSN	1849-7535
URN:NBN	urn:nbn:hr:118:839755
Publication	2016
Conference	Title: 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 URL	http://bib.irb.hr/849739
Document URL	https://www.esd-conference.com/upload/book_of_proceedings/Book_of_Proceedings_Zagreb_2016_Online.pdf
Type of resource	Text
Publisher	Varazdin Development and Entrepreneurship Agency
Publisher	University North
Publisher	Faculty of Management University of Warsaw
Publishing place	Varaždin
Publishing place	Koprivnica
Publishing place	Warsaw
Access conditions	Open access
Terms of use
Created on	2021-12-14 12:10:06