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The Corporate System in Some European Countries – a Comparative Approach

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  • Frunza Ramona

    (“Alexandru Ioan Cuza” University of Iasi)

Abstract

In corporate governance, through its specific mechanisms, some measures can be taken to strengthen institutional development (against corruption, administrative shortcomings, favouritism) and to promote market values. These values include accountability, transparency, primacy of law, equity, property and protection of minority shareholders. It should be considered in this context the fact that, as good would be the regulatory framework, if shareholders (owners) are not active and get involved, things can not move towards an optimal way. Based on these aspects, in the present paper we intend to emphasize which is the effectiveness of the corporate system in some European countries, compared with the specific Romanian one.

Suggested Citation

  • Frunza Ramona, 2011. "The Corporate System in Some European Countries – a Comparative Approach," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 759-765, May.
    • Handle: RePEc:ovi:oviste:v:11:y:2011:i:1:p:759-765
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    More about this item

    Keywords

    corporative governance; principles; efficiency; ownership structure;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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