Mirjana Kuljak

Publications (34) View all

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  Available from: Mirjana Kuljak

  Chapter: Informal institutions and corporate governance: literature review

  Mirjana Kuljak
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  ABSTRACT: This chapter surveys some relevant literature on informal institutions in the area of corporate governance. It attempts to assess in what degree the topic has been researched in terms of comprehensiveness and deepness. A close examination of how different disciplines approached informal institutions in corporate governance shows that there is a need to both broaden and deepen a research of the issue toward more holistic approaches and further operationalisation i.e. transformation of intuitive attributes into measurable variables. The chapter is organised around the following themes: aspects of informal institutions, interaction with formal institutions and corporate governance practice.
  11/2012; , ISBN: 978-0-9562471-7-9
• Book: Vodič kroz društvenu odgovornost preduzeća prema zaposlenim ženama, ženama na tržištu i ženama u zajednici

  Kuljak Mirjana, Simović Vesna, Vlahović Branka, Oluić Zvezdana, Vuković Marina
  edited by Novaković Ana, 07/2012; CRNVO, Podgorica, Montenegro., ISBN: 978-86-85579-40-0
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  Available from: Mirjana Kuljak

  Article: Institutional determinants of corporate governance and methodological discontinuity of corporate performance measurement in Montenegro

  Mirjana Kuljak
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  ABSTRACT: This case study on corporate governance aims to shed light on the question of institutional determinants of corporate governance in Montenegro and its implications for methodological discontinuity of corporate performance measurement. A method of descriptive research design and secondary sources of data have been used to describe the issue in line with concepts developed in: (1) the theoretical model on diversity of corporate governance determinants and dimensions developed by Aguilera and Jackson, complemented with Helmke and Levitsky’s framework of informal institutions in corporate governance, and (2) Dossi, Patelli and Zoni transaction costs economics form of governance structures with emphases on the design of corporate performance measurement systems. The main inference is that there is a methodological discontinuity in corporate performance measurement due to the discontinuity in development of corporate governance. This inference should be further empirically tested in future researches on compatibility of corporate performance measurement systems in transitional countries with those used in developed market economies, serving as a measure of progress made in corporate governance development.
  International Journal of Management Cases. 04/2012; 14(3-ISSN 1741-6264):23-31.
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  Conference Proceeding: Montenegro’s late transition: through institutional change toward European integration

  M. Kuljak
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  ABSTRACT: In 1989 it seemed that the main question for socialist European countries was the pace by which these societies should run from socialist economy to a market economy of an European type. Consequently, questions as privatization, economic stabilization and restructuring, and shock therapy were addressed. At the same time, transaction costs and new institutional economy theories were reemerging in Western literature revealing the importance of the rule of law for efficient market functioning, thus redirecting a focus of the transition process from political and policy issues to capacities of a society to introduce democratic institutions. Over the time, many countries have found themselves stacked in the economy of informal institutions, captured by corruption and organized crime. As the article shows, Montenegro faces severe problems of the kind, delaying its processes of transition and European integration. It seems that the critical issue of its European integration concerns a time consuming (re)consolidation of democratic forces of the society.
  ASECU 2010, Podgorica; 01/2010
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  Conference Proceeding: A Political Economy Configuration of Economic Thought in Montenegro 2009

  M. Kuljak
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  ABSTRACT: The discussion deals with the role of economic intellectual elite in Montenegrin transition process toward a democratic and market society over the last twenty years. Its purpose is to foster an intellectual discourse on the prospects of institutional development particularly in the light of recent evaluations of various international organizations and local NGOs regarding Montenegro’s most serious problems of corruption and rule of law.
  Socioeconomic Cooperation and Development in the Balkan, Tekirdag, Turkey; 01/2009