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Systemic Approach to Corporate Governance, in Order to Identify Significant Impact Elements on Growth Performance of Legal Entities

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  • Luminita Cecilia Crenicean
  • Manoela Popescu

    ()
    ("Dimitrie Cantemir" Christian University)

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    Abstract

    In the context of the knowledge-based economy, the company is interested in the intrinsic value of the company, of its added value, on the development perspectives of how they can be met expectations of the interested: shareholders, employees, creditors, suppliers, customers, community, society, etc. It should be noted that high performance is directly proportional with harmonizing the interests of all interested. In this regard, experts agree that harmonization of all interested can be achieved through the system of corporate governance. Moreover, systemic approach of corporate governance emphasizes those elements of corporate governance with major implications for achieving high performance by legal entities. The study assumes that the legal entities that have different practices, structures and corporate governance codes can deal with the changes caused by the global economic crisis and also to the challenge of ensuring high performance, with implications in economic growth.

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    Bibliographic Info

    Article provided by Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest in its journal Knowledge Horizons - Economics.

    Volume (Year): 5 (2013)
    Issue (Month): 2 (June)
    Pages: 39-42

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    Handle: RePEc:khe:journl:v:5:y:2013:i:2:p:39-42

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    Keywords: Corporate governance; performance; body; system;

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