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Comparative Analysis Between The Traditional Model Of Corporate Governance And Islamic Model

Author

Listed:
  • DAN ROXANA LOREDANA

    (FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION WEST UNIVERSITY OF TIMISOARA)

  • BUGLEA ALEXANDRU

    (FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION WEST UNIVERSITY OF TIMISOARA)

  • HETES ROXANA

    (FACULTY OF ECONOMICS AND BUSINESS ADMINISTRATION WEST UNIVERSITY OF TIMISOARA)

Abstract

Corporate governance represents a set of processes and policies by which a company is administered, controlled and directed to achieve the predetermined management objectives settled by the shareholders. The most important benefits of the corporate governance to the organisations are related to business success, investor confidence and minimisation of wastage. For business, the improved controls and decision-making will aid corporate success as well as growth in revenues and profits. For the investor confidence, corporate governance will mean that investors are more likely to trust that the company is being well run. This will not only make it easier and cheaper for the company to raise finance, but also has a positive effect on the share price. When we talk about the minimisation of wastage we relate to the strong corporate governance that should help to minimise waste within the organisation, as well as the corruption, risks and mismanagement. Thus, in our research, we are trying to determine the common elements, and also, the differences that have occured between two well known models of corporate governance, the traditional Anglo – Saxon model and also, the Islamic model of corporate governance.

Suggested Citation

  • Dan Roxana Loredana & Buglea Alexandru & Hetes Roxana, 2016. "Comparative Analysis Between The Traditional Model Of Corporate Governance And Islamic Model," Annals - Economy Series, Constantin Brancusi University, Faculty of Economics, vol. 4, pages 165-170, August.
    • Handle: RePEc:cbu:jrnlec:y:2016:v:4:p:165-170
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    References listed on IDEAS

    as
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    2. Alexandru AVRAM & Costin Daniel AVRAM & Veronel AVRAM, 2014. "Research and development expenditures between discretionary costs and source for economic growth," Romanian Journal of Economics, Institute of National Economy, vol. 39(2(48)), pages 49-66, December.
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