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Some Considerations on The Role of Financial Communication Within Corporate Governance

Author

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  • Avram Costin Daniel

    (University of Craiova)

Abstract

On the background of a climate dominated by mistrust, suspicion and uncertainty, incontemporary society an increasing emphasis is put on financial communication as the main pillarthat ensures transparency and helps the economic entity to gain credibility among stakeholders. Financial communication has become a strategic concern, managed at top management level. The management of any entity is characterized by at least three fundamental processes: thinking,decision making and communication. Without proper thinking, no decision could be made. Withoutmaking decisions, we cannot talk about management. Without communicating the decisions made,we cannot put them in practice. Communication is a natural process, but within the corporate governance, it occupies asignificant share on the behalf of both issuers and receivers on one hand, with great care to ensurea continuous feed-back on the other hand.

Suggested Citation

  • Avram Costin Daniel, 2017. "Some Considerations on The Role of Financial Communication Within Corporate Governance," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(1), pages 398-402, June.
    • Handle: RePEc:ovi:oviste:v:xvii:y:2017:i:1:p:398-402
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    File URL: http://stec.univ-ovidius.ro/html/anale/ENG/2017/Section-V/1.pdf
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    Cited by:

    1. repec:aio:manmar:v:xvi:y:2019:i:1:p:51-60 is not listed on IDEAS
    2. Iulia Novacescu, 2019. "Customer Insights In Automotive," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(1), pages 51-60, May.

    More about this item

    Keywords

    financial communication; investors; corporate governance; economic entity; stakeholders;
    All these keywords.

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G19 - Financial Economics - - General Financial Markets - - - Other

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