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Corporate Governance in Emerging Economies: The Case of Romania


  • Niculae FELEAGĂ

    (Bucharest Academy of Economic Studies)

  • Liliana FELEAGĂ

    (Bucharest Academy of Economic Studies)

  • Voicu Dan DRAGOMIR

    (Bucharest Academy of Economic Studies)

  • Adrian Doru BIGIOI

    (Bucharest Academy of Economic Studies)


In Romania corporate governance has emerged beginning with the early 2000s. The delay is explainable by the difficult steps taken on the line of political, legal, economic and social reform. In recent years, however, the corporate governance environment in Romania has changed. Transparency and accountability have become key factors not only for shareholders, but also for investors, buyers, suppliers, and other stakeholders. In this context, it is worth to consider, based on statistical data, the degree of development of corporate governance in Romania. The selected indicators are linked to attributes of the Board of directors, in particular Board structure, size, independence, frequency of meetings, and other factors. The sources used are based on the official data published by companies listed on the Bucharest Stock Exchange (BSE). The results will be compared with results of other case studies of emerging countries and the European best practice.

Suggested Citation

  • Niculae FELEAGĂ & Liliana FELEAGĂ & Voicu Dan DRAGOMIR & Adrian Doru BIGIOI, 2011. "Corporate Governance in Emerging Economies: The Case of Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania - AGER, vol. 0(9(562)), pages 5-16, September.
  • Handle: RePEc:agr:journl:v:9(562):y:2011:i:9(562):p:5-16

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    Cited by:

    1. Nadia Albu & Ruxandra Adriana Mateescu, 2015. "The Relationship between Entrepreneurship and Corporate Governance The Case of Romanian listed Companies," The AMFITEATRU ECONOMIC journal, Academy of Economic Studies - Bucharest, Romania, vol. 17(38), pages 1-44, February.
    2. Alina HAGIU & Marinela BARBULESCU, 2016. "Corporate Governance – Way Of Governance For Modern Companies," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 15(1), pages 41-48.
    3. Zlatković Matea, 2015. "Internet Transparentnost u Finansijskom Sektoru Bosne i Hercegovine/ Internet Transparency in Financial Sector in Bosnia and Herzegovina," Economics, De Gruyter Open, vol. 3(2), pages 73-88, December.


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