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Systemic Approach to Corporate Governance, in Order to Identify Significant Impact Elements on Growth Performance of Legal Entities

Author

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  • Luminita Cecilia Crenicean
  • Manoela Popescu

    () ("Dimitrie Cantemir" Christian University)

Abstract

In the context of the knowledge-based economy, the company is interested in the intrinsic value of the company, of its added value, on the development perspectives of how they can be met expectations of the interested: shareholders, employees, creditors, suppliers, customers, community, society, etc. It should be noted that high performance is directly proportional with harmonizing the interests of all interested. In this regard, experts agree that harmonization of all interested can be achieved through the system of corporate governance. Moreover, systemic approach of corporate governance emphasizes those elements of corporate governance with major implications for achieving high performance by legal entities. The study assumes that the legal entities that have different practices, structures and corporate governance codes can deal with the changes caused by the global economic crisis and also to the challenge of ensuring high performance, with implications in economic growth.

Suggested Citation

  • Luminita Cecilia Crenicean & Manoela Popescu, 2013. "Systemic Approach to Corporate Governance, in Order to Identify Significant Impact Elements on Growth Performance of Legal Entities," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 5(2), pages 39-42, June.
  • Handle: RePEc:khe:journl:v:5:y:2013:i:2:p:39-42
    as

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    References listed on IDEAS

    as
    1. Mu┼četescu, Radu & Dima, Alina & Cristian, Paun, 2008. "The role of the competition policy in forging the European Common Market," MPRA Paper 12475, University Library of Munich, Germany.
    2. Richard O. Zerbe & Howard E. McCurdy, 1999. "The failure of market failure," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 18(4), pages 558-578.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Corporate governance; performance; body; system;

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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