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Dynamics Of Corporate Governance Reform In Europe

Author

Listed:
  • Dan Chirlesan

    (Faculty of Economics and Business Administration, "Al. I. Cuza" University, Iasi, Romania)

  • Bogdan Ilut

    (Faculty of Economics and Business Administration, "Al. I. Cuza" University, Iasi, Romania)

Abstract

Corporate governance represents a major topic in the field of economics. On the basis of litera-ture written on this topic so far, this article presents the main characteristics of corporate governance in Europe and in the US. It then proceeds to present the problems that emerge as an effect of concen-trated ownership, and draws on the Parmalat scandal as an illustrative case in point. Without claiming to be exhaustive, the paper finally emphasises the changes that are needed and that have been undertook in order to meet the challenges of European firms’ corporate governance.

Suggested Citation

  • Dan Chirlesan & Bogdan Ilut, 2010. "Dynamics Of Corporate Governance Reform In Europe," Analele Stiintifice ale Universitatii "Alexandru Ioan Cuza" din Iasi - Stiinte Economice (1954-2015), Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, vol. 57, pages 117-128, november.
    • Handle: RePEc:aic:journl:y:2010:v:57:p:117-128
    as

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    File URL: http://anale.feaa.uaic.ro/anale/resurse/fin3chirlesan.pdf
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    References listed on IDEAS

    as
    1. Rafael La Porta & Florencio Lopez‐De‐Silanes & Andrei Shleifer, 1999. "Corporate Ownership Around the World," Journal of Finance, American Finance Association, vol. 54(2), pages 471-517, April.
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    Cited by:

    1. Melinda-Timea FÜLÖP & Mirela-Oana PINTEA, 2015. "The Link Between Corporate Governance And Performance - Evidence From Romania," Management Intercultural, Romanian Foundation for Business Intelligence, Editorial Department, issue 33, pages 81-90, April.

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    More about this item

    Keywords

    Corporate Governance; Internal Governance; Disclosure; Private Enforcement; Public Enforcement;
    All these keywords.

    JEL classification:

    • G18 - Financial Economics - - General Financial Markets - - - Government Policy and Regulation
    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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