LEADERSHIP AND MANAGEMENT OF INVESTMENT FUNDS OF
MONTENEGRO AND OTHER COUNTRIES IN THE REGION IN
TIMES OF THE INTEGRATION OF RESEARCH AND INNOVATION
POLICY BEFORE THE IMPLEMENTATION OF NEW DIRECTIVES
OF EUROPEAN UNION
Radovan Samardžić
Fakultet za mediteranske poslovne studije Tivat, Dobrota Truc 51, 85330 Kotor, Crna Gora
DOI: https://doi.org/10.31410/limen.2018.650
4th International Scientific – Business Conference LIMEN 2018 – Leadership & Management: Integrated Politics of Research and Innovations, Belgrade – Serbia, December 13, 2018, CONFERENCE PROCEEDINGS published by: Association of Economists and Managers of the Balkans, Belgrade, Serbia; Faculty of Engineering Management – Belgrade, Serbia; Modern Business School – Belgrade, Serbia; Faculty of Business and Management Sciences – Novo Mesto, Slovenia; Faculty of Business Management and Informatics – Novo Mesto, Slovenia; Business Academy Smilevski – BAS, Skopje, Macedonia; BAS Institute of Management, Bitola, Macedonia, ISBN 978-86-80194-15-8
Abstract
The capital market in the Western Balkans region is in an evident crisis. For many
years, there has been no significant shift in stock markets. Managements of investment funds
are not able to significantly move and increase the capital, for which they were partly blamed
for limiting legislation. Certainly, there is an inevitable new approach to increasing assets and
adjusting for the implementation of new legal solutions on investment funds imposed by EU
directives and recommendations.
Laws on investment funds in the region were adopted 15 years ago, with some now harmonized
(Croatia, Slovenia), and some are under preparation (Serbia, Montenegro, BiH).
As Montenegro has significantly embedded in the process of EU accession, it is necessary to
harmonize national legislation with EU directives.
New solutions in the future work of EU investment funds are already being implemented or
applied to EU member states.
In this paper, the focus will be on the management that manages investment funds and the
challenges of new forms and methods of fundraising, innovative activities in new business
conditions, the character and the way of innovative capabilities within the market development
that has taken place in the country.
years, there has been no significant shift in stock markets. Managements of investment funds
are not able to significantly move and increase the capital, for which they were partly blamed
for limiting legislation. Certainly, there is an inevitable new approach to increasing assets and
adjusting for the implementation of new legal solutions on investment funds imposed by EU
directives and recommendations.
Laws on investment funds in the region were adopted 15 years ago, with some now harmonized
(Croatia, Slovenia), and some are under preparation (Serbia, Montenegro, BiH).
As Montenegro has significantly embedded in the process of EU accession, it is necessary to
harmonize national legislation with EU directives.
New solutions in the future work of EU investment funds are already being implemented or
applied to EU member states.
In this paper, the focus will be on the management that manages investment funds and the
challenges of new forms and methods of fundraising, innovative activities in new business
conditions, the character and the way of innovative capabilities within the market development
that has taken place in the country.
Key words
investment fund, investment units, net worth of the fund, mergers and acquisitions
of funds, revision of the fund’s financial reports, stock exchanges
of funds, revision of the fund’s financial reports, stock exchanges
