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Developing A Good Corporate Governance

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Author Info

  • Bocean Claudiu

    (University of Craiova Faculty of Economics and Business Administration Craiova, Romania)

Abstract

Good corporate governance is an important step in building market confidence and encouraging more stable, long-term international investment flows. The business corporation is an increasingly important engine for wealth creation worldwide, and how companies are run will influence welfare in society as a whole. In order to serve this wealth creating function, companies must operate within a framework that keeps them focused on their objectives and accountable for their actions. Many countries see better corporate governance practices as a way to improve economic dynamism and thus enhance overall economic performance.

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File URL: http://feaa.ucv.ro/RTE/007-09.pdf
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Bibliographic Info

Article provided by University of Craiova, Faculty of Economics and Business Administration in its journal Revista Tinerior Economisti(The Young Economists Journal).

Volume (Year): 1 (2007)
Issue (Month): 7 (April)
Pages: 65-70

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Handle: RePEc:aio:rteyej:v:1:y:2007:i:7:p:65-70

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Related research

Keywords: corporate governance; ownership; shareholders; top management;

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References

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  1. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 1998. "Corporate Ownership Around the World," Harvard Institute of Economic Research Working Papers 1840, Harvard - Institute of Economic Research.
  2. Shleifer, Andrei & Vishny, Robert W, 1997. " A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-83, June.
  3. Luigi Zingales, 1997. "Corporate Governance," NBER Working Papers 6309, National Bureau of Economic Research, Inc.
  4. Garvey, Gerald T. & Swan, Peter L., 1994. "The economics of corporate governance: Beyond the Marshallian firm," Journal of Corporate Finance, Elsevier, vol. 1(2), pages 139-174, August.
  5. John, Kose & Senbet, Lemma W., 1998. "Corporate governance and board effectiveness1," Journal of Banking & Finance, Elsevier, vol. 22(4), pages 371-403, May.
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