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Theoretical Perspectives Of Corporate Governance

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  • Cristina Gabriela COSMULESE

    (Stefan cel Mare University of Suceava, 720229, Romania)

Abstract

Corporate governance is primarily about how investors "engage" managers in order to provide them with a return on their invested capital. This issue is affected by agency theory, which seeks to smooth and moderate the consortium of managers towards effective management activities that ensure performance commensurate with investment. This paper focuses mainly on the analysis of the concept of corporate governance from the perspective of existing theoretical and practical approaches, and captures the evolution of the notion as well as the principles and theories that interweave the complexity of the phenomenon.

Suggested Citation

  • Cristina Gabriela COSMULESE, 2021. "Theoretical Perspectives Of Corporate Governance," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 15(25), pages 8-15, February.
  • Handle: RePEc:scm:ejafbu:v:15:y:2021:i:25:p:8-15
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    References listed on IDEAS

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    1. Jensen, Michael C. & Meckling, William H., 1976. "Theory of the firm: Managerial behavior, agency costs and ownership structure," Journal of Financial Economics, Elsevier, vol. 3(4), pages 305-360, October.
    2. Nolan, Charles & Trew, Alex, 2011. "Transaction Costs and Institutions," SIRE Discussion Papers 2011-11, Scottish Institute for Research in Economics (SIRE).
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