CORPORATE GOVERNANCE IN ROMANIA
The objective of the research was focused on measuring the performance level of corporate governance in Romania. This is carried out by evaluating the importance level given to the principles of corporate governance in the Romanian economy, while the practices of transparency and dissemination of companies’ information in the selected sample were monitored. To achieve the objectives of the study, we need to examine the Corporate Governance Code of the Bucharest Stock Exchange. Sample companies were selected and their information from the “Comply or Explain” Statements was analyzed.
The research method is a non-participating observation—based on the information from the “Comply or Explain” Statement to determine whether companies are applying corporate governance and transparency elements. The research results highlight the progress of Romanian companies in the process of exercising to the principles of corporate governance, becoming internationally recognized, and integrating into the Corporate Governance Code of the Bucharest Stock Exchange.
Achim, M. V. (2013). Teoriile firmei și întreprinzătorul: reevaluări și perspective [Theories of the firm and the entrepreneur: revaluations and insights]. Post-Doctorate Dissertation in Economics. Bucureşti: Editura Academiei Române.
Berheci, M. (2013). Responsabilitatea corporativă și performanțele companiilor multinaționale [Corporate responsibility and performance of multinational companies]. Post-Doctorate Dissertation in Economics. Bucureşti: Editura Academiei Române.
Bucharest Stock Exchange (2008). Retrieved from: http://www.bvb.ro/
Bunget, O. C., Florea-Ianc, Z., Ghiţă, M., Nicolau, C., Pereş, C. E., & Pereş, I. (2009). Guvernanţa corporativă şi auditul intern [Corporate governance and internal audit]. Timișoara: Editura Mirton.
Drucker, P. (2001, November 1st.). The next Society, The Economist.
Ghiţă, M. (2008). Guvernanţă corporativă [Corporate governance]. Bucureşti: Editura Economică.
International Finance Corporation (2015, March 20). Retrieved from http://www.ifc.org/wps/wcm/connect/Topics_Ext_Content/IFC_External_Corporate_Site/Corporate+Governance
Kolk, A., & Pinkse, J. (2009). The integration of corporate governance in corporate social responsibility disclosure. Retrieved from: http://ssrn.com/abstract=1350939
Morariu, A., Suciu, G., & Stoian, F. (2008). Audit intern și guvernanță corporativă [Internal audit and corporate governance]. București: Editura Universitară.
Shleifer, A., & Vishny, R. W. (1997). A Survey of Corporate Governance. The Journal of Finance, 52.
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License (Creative Commons Attribution License 3.0 - CC BY 3.0) that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
firstname.lastname@example.org, www.iseic.cz, ojs.journals.cz