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Assessing Complience With Corporate Governance Principles In Case Of Romanian Financial Investment Companies

Author

Listed:
  • Tatiana Dănescu
  • Ovidiu Spătăcean

Abstract

Corporate governance includes structures that combine relationships between parties who invest resources and persons that monitor and manage businesses. These relationships are both formal, defined by rules and regulations and informal, materialized in business practices or ethical codes. The paper intends to assess the compliance level with corporate governance principles in case of Financial Investment Companies as institutional investors traded on Romanian capital market (Bucharest Stock Exchange). The research methodology mainly consists in processing data obtained from questioners addressed to these investment companies as well as observing corporate governance statements issued by each of these entities. As presented in the conclusion section, the authors reached valuable conclusions regarding a satisfactory compliance level with corporate governance requirements that apply to Financial Investment Companies.

Suggested Citation

  • Tatiana Dănescu & Ovidiu Spătăcean, 2011. "Assessing Complience With Corporate Governance Principles In Case Of Romanian Financial Investment Companies," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(13), pages 1-18.
    • Handle: RePEc:alu:journl:v:2:y:2011:i:13:p:18
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    File URL: http://oeconomica.uab.ro/upload/lucrari/1320112/18.pdf
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    References listed on IDEAS

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    1. Ioana Maria Ghidiu Bîta & Tatiana Danescu, 2010. "Information Society - Sustainable Development Premise In A Competitive Economy," STUDIA UNIVERSITATIS PETRU MAIOR SERIES OECONOMICA, Petru Maior University, Faculty of Economics Law and Administrative Sciences, vol. 1, pages 21-34, December.
    2. Hellman, Niclas, 2005. "Can we expect institutional investors to improve corporate governance?," Scandinavian Journal of Management, Elsevier, vol. 21(3), pages 293-327, September.
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    Cited by:

    1. Ferenc Bognár & Petra Benedek, 2021. "Case Study on a Potential Application of Failure Mode and Effects Analysis in Assessing Compliance Risks," Risks, MDPI, vol. 9(9), pages 1-16, September.

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    More about this item

    Keywords

    Financial Investment Companies; corporate governance; principles; ethical codes; regulations;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility

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