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Macro-Level Determinants of Board Effectiveness in UK and Romanian Listed Companies: A Conceptual Approach

Author

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  • Peter JANSEN

    (London School of Business and Finance)

  • Gabriel Viorel RAITA

    (“Babeş-Bolyai” University of Cluj-Napoca)

Abstract

This descriptive and exploratory study aims to analyse and compare the macro-level determinants of board effectiveness of listed companies for two European countries, the UK and Romania. The main focus is on the relationships between national culture and legal-institutional factors (macro-determinants) and how they might affect board effectiveness in both countries. By investigating the moderating effect of macro-level determinants on board effectiveness, this research contributes to the small number of cross-border studies on board effectiveness in this area. The cross-national context of this study is also relevant against the background of the increasing internationalization of boards. This implies that the understanding of macro-determinants and their effect on board processes becomes increasingly important for boards, and especially chairs, to take into consideration.

Suggested Citation

  • Peter JANSEN & Gabriel Viorel RAITA, 2021. "Macro-Level Determinants of Board Effectiveness in UK and Romanian Listed Companies: A Conceptual Approach," CECCAR Business Review, Body of Expert and Licensed Accountants of Romania (CECCAR), vol. 2(10), pages 60-72, October.
    • Handle: RePEc:ahd:journl:v:2:y:2021:i:10:p:60-72
    DOI: 10.37945/cbr.2021.10.08
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    More about this item

    Keywords

    corporate governance; board effectiveness; UK and Romania; legal-institutional factors; financial-economic factors; national culture;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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