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Corporate Governance Regulation In Emerging Countries. Case Of Romania

Author

Listed:
  • Claudiu George BOCEAN

    (University of Craiova)

Abstract

Most of the literature on corporate governance emphasizes that firms should be run in the interests of shareholders. This is a suitable objective function when markets are perfect and complete. In many emerging economies this is not the case: markets are imperfect and incomplete. Corporate governance issues are especially important in emerging countries, since these countries do not have the long-established financial institution infrastructure to deal with corporate governance issues. This paper discusses how emerging countries are dealing with corporate governance issues and the extra obstacles they have to overcome due to a lack of regulations. Romanian case study is examined.

Suggested Citation

  • Claudiu George BOCEAN, 2010. "Corporate Governance Regulation In Emerging Countries. Case Of Romania," Management and Marketing Journal, University of Craiova, Faculty of Economics and Business Administration, vol. 0(2), pages 391-398, November.
  • Handle: RePEc:aio:manmar:v:viii:y:2010:i:2:p:391-398
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    File URL: http://www.mnmk.ro/documents/2010ed2/22_Bocean%20FFF.pdf
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    References listed on IDEAS

    as
    1. Ştefan MATEI, 2014. "Analysis Of Wine Sector: Developments And Prospects The World And In Europe," Management Intercultural, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 31, pages 223-236, November.
    2. Ştefan MATEI, 2014. "Marketing Implication In Wine Economy," Management Intercultural, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 31, pages 215-222, November.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    corporate governance principles; corporate governance key actors; emerging country;

    JEL classification:

    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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