Abstract
Research is carried out on a sample of 300 employees in a company that went through the process of ownership change and became a shareholders’ association. The study aims to find out the preferred pattern of leader’s behaviour as a predictor of employees’ productive behaviour. Obtained results suggest that it is essential for increased productivity that the employees show a high level of trust towards their leader but he should not hold high expectations of them. Production errors are influenced by leaders’ readiness to provide assistance to the employees and his expectations of the employees. When it comes to production quality, leader’s helpfulness and expectations have proved variables in their behaviour that directly influence production quality.
Highlights
After the political changes in 5th October 2000, a so called transitional government was formed in Serbia which started the privatization of the approximately 500 best enterprises according to the law from 1997
The Serbian government in 2001 chose a somewhat modified model of classical sales focusing on corporate management in the post-privatization period and opted to sell the majority of shares (70%) of the social/state capital to a single investor, thereby allowing the single majority owner to take the full control over the enterprise in order to facilitate rather complex process of rearrangement of enterprises in the post-privatization period
The most important novelty is the right of the Privatization Agency to start the process of sale of the social capital in all enterprises, thereby abrogating voluntary privatization in the Republic of Serbia and enabling privatization to come to its end
Summary
After the political changes in 5th October 2000, a so called transitional government was formed in Serbia which started the privatization of the approximately 500 best enterprises according to the law from 1997. Former employees and pensioners of the subject had the right to acquire up to 30% of the equities in an enterprise sold at auction and up to 15% in the enterprise privatized by tender, while citizens could acquire not less than 15% of the subject's equities privatized by tender and of public companies with the majority of state owned capital. The Serbian Government adapted the changes to the Law on privatization that identified 31 December 2008 as the deadline for privatization of social enterprises
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