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The Role and Importance of Governance for the Public Sector. Case Study for Romania

Author

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  • Adelina DUMITRESCU

    () (National University of Political Studies and Public Administration, Romania)

Abstract

The development and modernization of public administration under restricted budgetary resources imposes a rigorous control on the spending of public funds. In this regard the modified law of internal public audit underlines the necessity for institutional governance in the public sector. The paper starts from these changes of the Romanian internal public audit law analyzing the relationship between audit and management, and the importance of governance in the public sector. The used method of research is based on the qualitative analysis of internal audit activities which are meant to add value to management processes in public entities. The originality of the paper consists in the qualitative study based on interpretative methods for understanding the effects of governance on management and audit. The conclusions of the study are presenting in the paper by a governance model for the public sector and can act as starting point for future research.

Suggested Citation

  • Adelina DUMITRESCU, 2014. "The Role and Importance of Governance for the Public Sector. Case Study for Romania," REVISTA DE MANAGEMENT COMPARAT INTERNATIONAL/REVIEW OF INTERNATIONAL COMPARATIVE MANAGEMENT, Faculty of Management, Academy of Economic Studies, Bucharest, Romania, vol. 15(4), pages 505-513, October.
  • Handle: RePEc:rom:rmcimn:v:15:y:2014:i:4:p:505-513
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    File URL: http://rmci.ase.ro/no15vol4/11.pdf
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    References listed on IDEAS

    as
    1. Lucian Bebchuk & Alma Cohen & Allen Ferrell, 2009. "What Matters in Corporate Governance?," Review of Financial Studies, Society for Financial Studies, vol. 22(2), pages 783-827, February.
    2. Mark Clatworthy & Howard Mellett & Michael Peel, 2000. "Corporate Governance under 'New Public Management': an exemplification," Corporate Governance: An International Review, Wiley Blackwell, vol. 8(2), pages 166-176, April.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    governance; public sector; management; internal public audit.;

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H7 - Public Economics - - State and Local Government; Intergovernmental Relations

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