Issue Information

• Date: 01 July 2018
• Published date: 01 July 2018
• DOI: http://doi.org/10.1002/jsc.2158

"|u-|;]b1_-m];ثub;Cm]vbmm|u;ru;m;ub-Ѳbm-m1;

Strategic Change 27(4) (2018) CONTENTS

uঞC1b-Ѵm|;ѴѴb];m1;ķbmT;1_ķ-m7o|_;u Ѵo0-ѴѴS|u-|;]b1vv;v

Volume 27 Number 4 July 2018

2ѶƔ Ѵ-1h!o1h!o0oŊ7bvou4ĺƏĹ)_;m-uঞC1b-Ѵ bm|;ѴѴb];m1;u;rѴ-1;v_l-m7bv1u;ঞom

Damir Tokic

lack!ockķ |_e lar]ev| &" imev|mem| mama]emem| Crmķ _av v|ar|e7 |o rerlace _umam v|ockŊrickerv

i|_ |_e =ull au|oma|e7 imev|mem| rro]ramķ bave7 om vel=Ŋlearmim] arঞCcial im|elli]emce al]ori|_mvĺ

2ƖƐ Sr;uvbbm]m|;ѴѴb];m1;Ĺo|_;CoѴѴ;1ঞ; bm7bѴ7vom-Ѵ N;|ouhv

a_e "ĺ _eckley am7 aria ermam7a barca alim7o

"|ra|e]y iv collecঞe im|elli]emce _ic_ iv orঞmiable ia a blem7 o= |o balamce7 arc_e|yrev o=

co]miঞe me|orkĺ

ƒƏƐ bmT;1_;oѴঞomĹS|u-|;]b1-Ѵ;l-m-];l;m|bvv;v bm-=-v| 1_-m]bm]bm7v|u

rim7 v_|a am7 uillaume io|Ŋatuero|

T_e imTec _ reoluঞom car|urev |_e vimul|ameouv aack o= a lar]e mumber o= |ec_molo]ievķ mo|ably

mobile |eler_omev am7 blockc_aimķ _ic_ are uv_erim] im eLciemcy or ou|reac_ |o mulঞrle mic_e

marke|vĺ

ƒƐƒ mbmvঞ|ঞom-ѴѴo]b1v r;uvr;1ঞ;|o;oѴঞomo=m7b-m lb1uo1u;7b|0vbm;vvlo7;Ѵv

Na7iya arek_ am7 rim7 v_|a

mvঞ|uঞomal 7eelormem| o= microcre7i| im m7ia _av beem imYuemce 7 by ]lobal rrevvurevķ

im|erŊimvঞ|uঞomal com|ra7icঞomv am7 im|raŊimvঞ|uঞomal comYic|v im lo]icvĺ

ƒ2Ɩ C-rb|-Ѵv|u1|u;-m7 CEO|;mu;bmlb1uoCm-m1;bmvঞ|ঞomv

Dau7i avcal N7akiķ ei= |le eivlam7ķ am7 !oy ervlam7

T_ere iv a roviঞe avvociaঞom be|eem  |emure am7 |_e 7eb| rrororঞom o= microCmamce

imvঞ|uঞomvĺ

ƒƒƖ -mhbm]Ѵbtb7b|u;]Ѵ-ঞomĹlr-1| om|_;bu0vbm;vv lo7;Ѵ-m7om;m|u;ru;m;ub-Ѵ

Cm-m1;bmEuor;

livabe|_ aule|

amkim] litui7i|y re]ulaঞom _av |ramv=orme7 bamkvĽ buvimevv mo7el am7 _amrere7 em|rerremeurial

Cmamce by re7ucim] cre7i| 7iv|ribuঞomĺ

ƒƔƐ uo71|-m7];o]u-r_b1v1or;v o=|-u];|Cul-m7 ;tb|1om|uoѴbm1uovvŊ0ou7;u

-1tbvbঞomvĹmbm=oul-ঞom -vll;|ur;uvr;1ঞ;

Viva rava7 a7a am7 amiv_ orli

ro7uc| am7 ]eo]rar_ic vcorev o= emer]im] marke| |ar]e| Crmv are me]aঞely rela|e7 |o e|em|

o= etui|y com|rol vou]_| by =orei]m actuirervĺ

ƒƔƖ ou;b]m7b;v|l;m|v=uol!vvb-Ĺm;rѴou-ঞom o=|_;l;7b-ঞm]=-1|ouv

m7rei amibra|o am7 Tav_auma rom

orei]m 7iev|mem| 7eciviomv are mo| rurely bave7 om |_e rroC|abili|y o= a buvimevv bu| alvo om

a comramyĽv imevঞm] am7 7ievঞm] ereriemce am7 |_e 7e]ree o= umcer|aim|y im marke|ĺ

Foreign acquirers.

markets.