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Corporate Governance In Romanian Enterprises: Features, Dimensions And Limits


  • Victoria FIRESCU

    (Faculty of Economical Sciences, University of Pitesti, Romania)

  • Diana BRÂNZĂ

    (Faculty of Economical Sciences, University of Pitesti, Romania)


The paper aims to determine the level of voluntary disclosure of relevant information in accordance with the corporate governance code by Romanian companies listed on the stock exchange. Study methodology is based on both fundamental research on corporate governance theory and the empirical study on critical analysis of the principles of corporate governancedisclosure in annual reports of 20 listed companies BVB The results of the empirical study confirm that the executive management of the majority of Romanian listed companies do not realize the benefits of corporate governance and consequently ignores the relevant disclosure on its basic principles. This paper can be a useful material for other future studies on the measurement of corporate governance practice Romanian companies.

Suggested Citation

  • Victoria FIRESCU & Diana BRÂNZĂ, 2013. "Corporate Governance In Romanian Enterprises: Features, Dimensions And Limits," Management Intercultural, Fundația Română pentru Inteligența Afacerii, Editorial Department, issue 29, pages 130-136, October.
  • Handle: RePEc:cmj:interc:y:2013:i:29:firescu

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    Theories of corporate governance; Principles of corporate governance; Measurement of corporate governance;

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance


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