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Analysing The Similarities Between Oecd Principles Versus European Corporate Governance Codes - An Internal Audit Perspective

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  • Cristina BoÅ£a-Avram
  • Paula Ramona RăchiÅŸan

Abstract

The aim of this paper is to realise a comprehensive analysis of European corporate governance codes, from the perspective of internal audit, in the manner it is provided in the OECD Principles of corporate governance. The research methodology used a classification of countries by legal regime and the determination of Russel and Rao Similarity Measure, aiming to obtain a global view over the similarity between the European corporate governance codes and the OECD Principles provisions, from internal audit's perspective. The findings suggest that countries from “Former socialists†group are less similar to OECD Principles, from internal audit perspective, while the countries from “French Civil†and “Scandinavian Civil†have a better similarity measure comparing to OECD Principles of corporate governance.

Suggested Citation

  • Cristina BoÅ£a-Avram & Paula Ramona RăchiÅŸan, 2013. "Analysing The Similarities Between Oecd Principles Versus European Corporate Governance Codes - An Internal Audit Perspective," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(15), pages 1-15.
    • Handle: RePEc:alu:journl:v:2:y:2013:i:15:p:15
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    References listed on IDEAS

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    1. Sorin Romulus Berinde, 2013. "Forecasting The Structure Of The Romanian Audit Market," JOURNAL STUDIA UNIVERSITATIS BABES-BOLYAI NEGOTIA, Babes-Bolyai University, Faculty of Business.
    2. James E. Cicon & Stephen P. Ferris & Armin J. Kammel & Gregory Noronha, 2012. "European Corporate Governance: a Thematic Analysis of National Codes of Governance," European Financial Management, European Financial Management Association, vol. 18(4), pages 620-648, September.
    3. Brenda A. Porter, 2009. "The audit trinity: the key to securing corporate accountability," Managerial Auditing Journal, Emerald Group Publishing, vol. 24(2), pages 156-182, January.
    4. Alina Puţan & Dan Ioan Topor & Maria Gheorghian, 2012. "Cognitive Meanings Of Management Control In Estimating The Degree For Achieving The Strategy," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 1(14), pages 1-7.
    5. G. Sarens & I. De Beelde, 2006. "Interaction between internal auditors and the audit committee: An analysis of expectations and perceptions," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 06/357, Ghent University, Faculty of Economics and Business Administration.
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    Cited by:

    1. Raluca Ivan, 2015. "An Internal Audit Perspective on Differences between European Corporate Governance Codes and OECD Principles," Academic Journal of Economic Studies, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 1(4), pages 80-90, December.

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    More about this item

    Keywords

    similarities; OECD Principles; European corporate governance codes; internal audit.;
    All these keywords.

    JEL classification:

    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General
    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • M49 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Other

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