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Minority Shareholders’ Protection: the Romanian Experience


  • Victor Dragota

    (Academy of Economic Studies, Bucharest)

  • Anamaria Ciobanu

    (Academy of Economic Studies, Bucharest)

  • Delia Catarama

    (Academy of Economic Studies, Bucharest)

  • Andreea Semenescu

    (Academy of Economic Studies, Bucharest)

  • Carmen Maria Lacatus

    (Academy of Economic Studies, Bucharest)


This paper performs an analysis of the regulation regarding minority shareholders protection in Romania. The paper estimates the level for minority shareholders protection based on the Pistor, Raiser and Gelfer (2000) index during the period 1996-2008. This index improved from 13 (January 1996) to 17.25 (March 2008) having a maximum value of 17.75 during May 2002- November 2006.

Suggested Citation

  • Victor Dragota & Anamaria Ciobanu & Delia Catarama & Andreea Semenescu & Carmen Maria Lacatus, 2009. "Minority Shareholders’ Protection: the Romanian Experience," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 2(02(531)), pages 35-48, February.
  • Handle: RePEc:agr:journl:v:02(531):y:2009:i:02(531):p:35-48

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    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.

    Cited by:

    1. Tulbure, Narcis & Catarama, Delia, 2009. "Institutional and Socio-Cultural Factors Explaining the Development of Mutual Funds. A Cross-Country Analysis," MPRA Paper 20341, University Library of Munich, Germany.
    2. Dragota, Mihaela & Dragota, Victor & Tatu, Lucian & Tatu, Delia, 2009. "Income Taxation Regulation And Companies’ Behaviour: Is The Romanian Companies’ Dividend Policy Influenced By The Changes In Income Taxation?," Journal for Economic Forecasting, Institute for Economic Forecasting, vol. 6(1), pages 76-93, March.
    3. Hanaan Yaseen, 2018. "Dividend policy and socio-cultural factors: some preliminary findings," The Review of Finance and Banking, Academia de Studii Economice din Bucuresti, Romania / Facultatea de Finante, Asigurari, Banci si Burse de Valori / Catedra de Finante, vol. 10(2), pages 077-094, December.
    4. repec:rfb:journl:v:10:y:2018:i:2:p:0077-094 is not listed on IDEAS
    5. repec:sgh:erfinj:v:4:y:2019:i:2:p:67-88 is not listed on IDEAS


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