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Corporate Governance and Ethical Behavior: A National Perspective


  • Ionel-Alin Ienciu

    () (Babeș-Bolyai University)


Ethical behavior is an important aspect for the success of a company, as it influences its relations with various stakeholders. Our study reflects how the efficiency of the board of directors influences the ethical behavior of companies. We conclude stating that the efficiency of the board of directors, ensured by a sufficient number of members, by the predominance of independent non-executive members would lead to an efficient supervision of the executives, impeding the management from acting towards the maximization of their own interests and acting nonethically.

Suggested Citation

  • Ionel-Alin Ienciu, 2012. "Corporate Governance and Ethical Behavior: A National Perspective," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 15(35), pages 49-68, September.
  • Handle: RePEc:rej:journl:v:15:y:2012:i:45:p:49-68

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    References listed on IDEAS

    1. Svensson, Göran & Wood, Greg & Callaghan, Michael, 2010. "A corporate model of sustainable business practices: An ethical perspective," Journal of World Business, Elsevier, vol. 45(4), pages 336-345, October.
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    Cited by:

    1. Yasemin Zengin Karaibrahimoglu & Burcu Guneri Cangarli, 2016. "Do Auditing and Reporting Standards Affect Firms’ Ethical Behaviours? The Moderating Role of National Culture," Journal of Business Ethics, Springer, vol. 139(1), pages 55-75, November.

    More about this item


    ethical behavior; corporate governance; board of directors; efficiency; country level;

    JEL classification:

    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other


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