Corporate Governance Quality On Specific Case Of Romanian Listed Companies

Authors

  • Sorana Mihaela Manoiu Babes-Bolyai University Cluj-Napoca
  • Maria Ionela Damian Babes-Bolyai University Cluj-Napoca
  • Jiří Strouhal University of Economics Prague, Department of Strategy

DOI:

https://doi.org/10.37335/ijek.v3i2.31

Keywords:

Corporate governance, comply or explain, listed companies, emerging economies, Romania.

Abstract

The purpose of this paper is to analyse the compliance of Romanian listed companies with corporate governance codes. From 2010, the “Comply or Explain” Statement, which discloses if and how the corporate governance principles are applied, became mandatory for all companies listed on Bucharest Stock Exchange (BSE). The methodology employed is based on the analysis of the above mentioned Statements published for the period 2009-2013. Research aims to present through a longitudinal and qualitative study the evolution of the compliance with the BSE Corporate Governance Codes. Most of the observed companies made a step forward in what concerns corporate governance principles and over the study period they disclosed more information on their statements. On the other hand, we found cases where the statements made over the studied period contained inconsistencies for some principles. The implementation of corporate governance rules ensures transparent decision-making, based on clear rules and objectives, and increases shareholders’ confidence in the company.     

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Published

2015-12-31

How to Cite

Manoiu, S. M., Damian, M. I., & Strouhal, J. . (2015). Corporate Governance Quality On Specific Case Of Romanian Listed Companies. International Journal of Entrepreneurial Knowledge, 3(2). https://doi.org/10.37335/ijek.v3i2.31

Issue

Vol. 3 No. 2 (2015): International Journal of Entrepreneurial Knowledge

Section

Research

License

International Journal of Entrepreneurial Knowledge (ISSN 2336-2960) is published by the Center for International Scientific Research of VŠO and VŠPP in cooperation with the following partners:

  • University College of Business in Prague, Czech Republic
  • University of Entrepreneurship and Law, Prague, Czech Republic
  • School of Business and Administration of the Polytechnic Institute of Setúbal, Portugal
  • Faculty of Operation and Economics of Transport and Communications, University of Zilina, Slovakia
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