Corporate Governance Quality on Specific Case of Romanian Listed Companies
The purpose of this paper is to analyse the compliance of Romanian listed companies with corporate governance codes. From 2010, the “Comply or Explain” Statement, which discloses if and how the corporate governance principles are applied, became mandatory for all companies listed on Bucharest Stock...
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Center for International Scientific Research of VŠO and VŠPP
2015-12-01
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| Series: | International Journal of Entrepreneurial Knowledge |
| Subjects: | |
| Online Access: | http://www.degruyter.com/view/j/ijek.2015.3.issue-2/ijek-2015-0015/ijek-2015-0015.xml?format=INT |
| _version_ | 1811292578455224320 |
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| author | Manoiu Sorana Mihaela Damian Maria Ionela Strouhal Jiří |
| author_facet | Manoiu Sorana Mihaela Damian Maria Ionela Strouhal Jiří |
| author_sort | Manoiu Sorana Mihaela |
| collection | DOAJ |
| description | The purpose of this paper is to analyse the compliance of Romanian listed companies with corporate governance codes. From 2010, the “Comply or Explain” Statement, which discloses if and how the corporate governance principles are applied, became mandatory for all companies listed on Bucharest Stock Exchange (BSE). The methodology employed is based on the analysis of the above mentioned Statements published for the period 2009-2013. Research aims to present through a longitudinal and qualitative study the evolution of the compliance with the BSE Corporate Governance Codes. Most of the observed companies made a step forward in what concerns corporate governance principles and over the study period they disclosed more information on their statements. On the other hand, we found cases where the statements made over the studied period contained inconsistencies for some principles. The implementation of corporate governance rules ensures transparent decision-making, based on clear rules and objectives, and increases shareholders’ confidence in the company. |
| first_indexed | 2024-04-13T04:47:28Z |
| format | Article |
| id | doaj.art-fe322d241317466eb51bebd6fc5dfbf5 |
| institution | Directory Open Access Journal |
| issn | 2336-2960 |
| language | English |
| last_indexed | 2024-04-13T04:47:28Z |
| publishDate | 2015-12-01 |
| publisher | Center for International Scientific Research of VŠO and VŠPP |
| record_format | Article |
| series | International Journal of Entrepreneurial Knowledge |
| spelling | doaj.art-fe322d241317466eb51bebd6fc5dfbf52022-12-22T03:01:48ZengCenter for International Scientific Research of VŠO and VŠPPInternational Journal of Entrepreneurial Knowledge2336-29602015-12-0132405810.1515/ijek-2015-0015ijek-2015-0015Corporate Governance Quality on Specific Case of Romanian Listed CompaniesManoiu Sorana Mihaela0Damian Maria Ionela1Strouhal Jiří2Babes-Bolyai University Cluj-NapocaBabes-Bolyai University, Cluj-NapocaUniversity of Economics, Prague University of Economics Prague, Department of Strategy, W. Churchill Square 4, 130 67 Prague 3, Czech RepublicThe purpose of this paper is to analyse the compliance of Romanian listed companies with corporate governance codes. From 2010, the “Comply or Explain” Statement, which discloses if and how the corporate governance principles are applied, became mandatory for all companies listed on Bucharest Stock Exchange (BSE). The methodology employed is based on the analysis of the above mentioned Statements published for the period 2009-2013. Research aims to present through a longitudinal and qualitative study the evolution of the compliance with the BSE Corporate Governance Codes. Most of the observed companies made a step forward in what concerns corporate governance principles and over the study period they disclosed more information on their statements. On the other hand, we found cases where the statements made over the studied period contained inconsistencies for some principles. The implementation of corporate governance rules ensures transparent decision-making, based on clear rules and objectives, and increases shareholders’ confidence in the company.http://www.degruyter.com/view/j/ijek.2015.3.issue-2/ijek-2015-0015/ijek-2015-0015.xml?format=INTCorporate governancecomply or explainlisted companiesemerging economiesRomania |
| spellingShingle | Manoiu Sorana Mihaela Damian Maria Ionela Strouhal Jiří Corporate Governance Quality on Specific Case of Romanian Listed Companies International Journal of Entrepreneurial Knowledge Corporate governance comply or explain listed companies emerging economies Romania |
| title | Corporate Governance Quality on Specific Case of Romanian Listed Companies |
| title_full | Corporate Governance Quality on Specific Case of Romanian Listed Companies |
| title_fullStr | Corporate Governance Quality on Specific Case of Romanian Listed Companies |
| title_full_unstemmed | Corporate Governance Quality on Specific Case of Romanian Listed Companies |
| title_short | Corporate Governance Quality on Specific Case of Romanian Listed Companies |
| title_sort | corporate governance quality on specific case of romanian listed companies |
| topic | Corporate governance comply or explain listed companies emerging economies Romania |
| url | http://www.degruyter.com/view/j/ijek.2015.3.issue-2/ijek-2015-0015/ijek-2015-0015.xml?format=INT |
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