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Corporate Governance in the Central and Eastern Europe Countries - Features and Developments

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  • Laura VASILESCU

    (University of Craiova)

Abstract

The governance system of the quoted firms conditions the level of their economic-financial performances, but also the expectations of the investors regarding the future opportunities of development. The firms from Central and Eastern Europe have a common model of governance based on the internal control, as a result of the privatization and restructuring. The corporate governance systems from the Central and Eastern European countries are inefficient, as a result of concentration the power on the hand of employees or managers and the lack of the internal or external control of the others important shareholders, such as banks, institutional investors.

Suggested Citation

  • Laura VASILESCU, 2014. "Corporate Governance in the Central and Eastern Europe Countries - Features and Developments," Finante - provocarile viitorului (Finance - Challenges of the Future), University of Craiova, Faculty of Economics and Business Administration, vol. 1(16), pages 114-118, December.
    • Handle: RePEc:aio:fpvfcf:v:1:y:2014:i:16:p:114-118
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    References listed on IDEAS

    as
    1. René M. Stulz, 2006. "Financial Globalization, Corporate Governance and Eastern Europe," Chapters, in: Klaus Liebscher & Josef Christl & Peter Mooslechner & Doris Ritzberger-Grünwald (ed.), Financial Development, Integration and Stability, chapter 3, Edward Elgar Publishing.
    2. Álmos & John S. Earle & Victor Kaznovsky & Csaba Kucsera, 2002. "Corporate Control: A Study of Firms on the Bucharest Stock Exchange," Eastern European Economics, Taylor & Francis Journals, vol. 40(3), pages 6-27, May.
    3. Keasey, Kevin & Thompson, Steve & Wright, Mike (ed.), 1997. "Corporate Governance: Economic and Financial Issues," OUP Catalogue, Oxford University Press, number 9780198289913.
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    More about this item

    Keywords

    corporate governance; firms; financial performances; Central and Eastern Europe;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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