CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR

This paper aims to highlight the key role that corporate governance plays in increasing the efficiency and the economic growth of organiza- tions, including the public institutions. The bene- fits and effects that Corporate Governance offers have led to the expansion of the practice in questio...

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Main Authors: Angela BOGUS, Marina BAIESU
Format: Article
Language:English
Published: Academy of the Economic Studies of Moldova 2022-06-01
Series:Economica
Subjects:
Online Access:https://irek.ase.md/xmlui/bitstream/handle/123456789/2202/Angela%20BOGU%c8%98_Marina%20BAE%c8%98U_ec_2022_2.pdf?sequence=1&isAllowed=y
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author Angela BOGUS
Marina BAIESU
author_facet Angela BOGUS
Marina BAIESU
author_sort Angela BOGUS
collection DOAJ
description This paper aims to highlight the key role that corporate governance plays in increasing the efficiency and the economic growth of organiza- tions, including the public institutions. The bene- fits and effects that Corporate Governance offers have led to the expansion of the practice in question, including in the public sector. Although the mission of the public sector is a social one, it differs significantly from that of the private sector – which is the economic one, however, a number of corporate governance traits are spe- cific to both sectors, and the aim of each sector is to streamline management and improve the internal control system. The study highlights the reasons that have led to growing interest in corporate governance in the public sector, providing the possibility to identify optimal solutions to prevent negative practices of fraud and financial failure
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spelling doaj.art-2f5dca7d8dfa4e6b8d544eecd87be8392022-12-22T03:56:36ZengAcademy of the Economic Studies of MoldovaEconomica1810-91362022-06-01212072010.53486/econ.2022.120.007CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTORAngela BOGUS0https://orcid.org/0000-0003-0413-7154Marina BAIESU1https://orcid.org/0000-0003-1274-6347ASEMASEMThis paper aims to highlight the key role that corporate governance plays in increasing the efficiency and the economic growth of organiza- tions, including the public institutions. The bene- fits and effects that Corporate Governance offers have led to the expansion of the practice in question, including in the public sector. Although the mission of the public sector is a social one, it differs significantly from that of the private sector – which is the economic one, however, a number of corporate governance traits are spe- cific to both sectors, and the aim of each sector is to streamline management and improve the internal control system. The study highlights the reasons that have led to growing interest in corporate governance in the public sector, providing the possibility to identify optimal solutions to prevent negative practices of fraud and financial failurehttps://irek.ase.md/xmlui/bitstream/handle/123456789/2202/Angela%20BOGU%c8%98_Marina%20BAE%c8%98U_ec_2022_2.pdf?sequence=1&isAllowed=ycorporate governanceprivate and public sectorfinancial crisiscontrolcorporate responsibilitymanagementethicscoruption
spellingShingle Angela BOGUS
Marina BAIESU
CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR
Economica
corporate governance
private and public sector
financial crisis
control
corporate responsibility
management
ethics
coruption
title CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR
title_full CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR
title_fullStr CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR
title_full_unstemmed CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR
title_short CORPORATE GOVERNANCE BENEFITS FOR THE PUBLIC SECTOR
title_sort corporate governance benefits for the public sector
topic corporate governance
private and public sector
financial crisis
control
corporate responsibility
management
ethics
coruption
url https://irek.ase.md/xmlui/bitstream/handle/123456789/2202/Angela%20BOGU%c8%98_Marina%20BAE%c8%98U_ec_2022_2.pdf?sequence=1&isAllowed=y
work_keys_str_mv AT angelabogus corporategovernancebenefitsforthepublicsector
AT marinabaiesu corporategovernancebenefitsforthepublicsector