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Corporate Governance in Emerging Economies: The Case of Romania

Author

Listed:
  • Niculae FELEAGĂ

    (Bucharest Academy of Economic Studies)

  • Liliana FELEAGĂ

    (Bucharest Academy of Economic Studies)

  • Voicu Dan DRAGOMIR

    (Bucharest Academy of Economic Studies)

  • Adrian Doru BIGIOI

    (Bucharest Academy of Economic Studies)

Abstract

In Romania corporate governance has emerged beginning with the early 2000s. The delay is explainable by the difficult steps taken on the line of political, legal, economic and social reform. In recent years, however, the corporate governance environment in Romania has changed. Transparency and accountability have become key factors not only for shareholders, but also for investors, buyers, suppliers, and other stakeholders. In this context, it is worth to consider, based on statistical data, the degree of development of corporate governance in Romania. The selected indicators are linked to attributes of the Board of directors, in particular Board structure, size, independence, frequency of meetings, and other factors. The sources used are based on the official data published by companies listed on the Bucharest Stock Exchange (BSE). The results will be compared with results of other case studies of emerging countries and the European best practice.

Suggested Citation

  • Niculae FELEAGĂ & Liliana FELEAGĂ & Voicu Dan DRAGOMIR & Adrian Doru BIGIOI, 2011. "Corporate Governance in Emerging Economies: The Case of Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(562)), pages 5-16, September.
    • Handle: RePEc:agr:journl:v:9(562):y:2011:i:9(562):p:5-16
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    Citations

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    Cited by:

    1. Mariana Man & Maria Ciurea, 2016. "Elements of Corporate Governance Implementation in Romania, in the European Context," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 151-166.
    2. Alina HAGIU & Marinela BARBULESCU, 2016. "Corporate Governance – Way Of Governance For Modern Companies," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 15(1), pages 41-48.
    3. Ana Maria Alexie, 2022. "Trends in corporate governance practices at the level of companies listed on the Bucharest Stock Exchange," Journal of Financial Studies, Institute of Financial Studies, vol. 12(7), pages 25-37, May.
    4. Mihaela Ionascu & Ion Ionascu & Marian Sacarin & Mihaela Minu, 2018. "Women on Boards and Financial Performance: Evidence from a European Emerging Market," Sustainability, MDPI, vol. 10(5), pages 1-18, May.
    5. Maria-Silvia Sandulescu & Catalin-Nicolae Albu, 2018. "Impression Management in The Letters to Shareholders of Listed Entities: A Romanian Case Study," Journal of Accounting and Management Information Systems, Faculty of Accounting and Management Information Systems, The Bucharest University of Economic Studies, vol. 17(3), pages 353-373, September.
    6. NEAGOE Aida, 2022. "Corporate Governance In Romania: The Board Structure An Overview Of Betplus Companies," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 17(1), pages 145-153, April.
    7. Bogdan Aurelian Mihail & Dalina Dumitrescu, 2021. "Corporate Governance from a Cross-Country Perspective and a Comparison with Romania," JRFM, MDPI, vol. 14(12), pages 1-13, December.
    8. Nadia Albu & Ruxandra Adriana Mateescu, 2015. "The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 1-44, February.
    9. Zlatković Matea, 2015. "Internet Transparentnost u Finansijskom Sektoru Bosne i Hercegovine/ Internet Transparency in Financial Sector in Bosnia and Herzegovina," Economics, Sciendo, vol. 3(2), pages 73-88, December.

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