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Corporate Governance In Romania (Ii – Considerations On Romania’S Compliance On Oecd Principles On Corporate Governance)

Author

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  • Badulescu Alina

    (University of Oradea, Faculty of Economic Sciences, Romania)

Abstract

The companies’ sector in Romania experienced a positive development after 1990, especially concerning their number, as a result of private initiative and privatizations. The prevalence of SMEs in the companies’ sector is obvious, and their number increased 3.4 times after 1992, to a amount of 431135 at the end of 2005. The banking system reform was started in 1990 with the creation of a two-tier bank system. The drastic structural changes that took place between 1998 and 2000 reflected two major events: the crisis and eventual collapse of several state-owned and private banks and the privatisation drive, both resulting in a cleaner and more solid banking system. In 1996, the mass privatization program contributed at the appearance of a large number of individual shareholders to all state companies and consequently was achieved the settlement of a over the counter market called.

Suggested Citation

  • Badulescu Alina, 2008. "Corporate Governance In Romania (Ii – Considerations On Romania’S Compliance On Oecd Principles On Corporate Governance)," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 2(1), pages 571-575, May.
    • Handle: RePEc:ora:journl:v:2:y:2008:i:1:p:571-575
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    File URL: http://steconomice.uoradea.ro/anale/volume/2008/v2-economy-and-business-administration/099.pdf
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    Citations

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    Cited by:

    1. Adalberto RANGONE, 2013. "Analysis On The Ongoing Crisis. Historical Economic, Financial And Corporate Governance Motivations (Part 2)," Romanian Journal of Economics, Institute of National Economy, vol. 37(2(46)), pages 53-66, December.
    2. Adalberto RANGONE, 2013. "Analysis On The Ongoing Crisis. Historical Economic, Financial And Corporate Governance Motivations (Part 1)," Romanian Journal of Economics, Institute of National Economy, vol. 36(1(45)), pages 71-84, June.

    More about this item

    Keywords

    Corporate governance; Romania; companies and financial sector;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • N20 - Economic History - - Financial Markets and Institutions - - - General, International, or Comparative
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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