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Corporate Governance And Performance Of Romanian State-Owned Enterprises: Assessing Transparency And Accountability Levels

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  • Ioana Andreea CIOLOMIC

    (“1st December 1918†University)

Abstract

This article examines the impact of transparency, a key aspect of good governance, on the performance and audit opinions of Romanian state-owned enterprises (SOEs). A transparency and corporate governance disclosure index (DI) was developed and analyzed by applying an econometric model. The results show that compliance with corporate governance laws has not improved SOE financial performance but reveals a significant correlation between transparency levels and audit opinions. The mixed objectives of state-owned enterprises and the (inappropriate) performance measurement tools for these types of companies are key factors influencing the results obtained. This research provides insights for public managers and board members to enhance SOE efficiency and compliance with corporate governance regulations.

Suggested Citation

  • Ioana Andreea CIOLOMIC, 2024. "Corporate Governance And Performance Of Romanian State-Owned Enterprises: Assessing Transparency And Accountability Levels," Annales Universitatis Apulensis Series Oeconomica, Faculty of Sciences, "1 Decembrie 1918" University, Alba Iulia, vol. 2(26), pages 1-4.
    • Handle: RePEc:alu:journl:v:2:y:2024:i:26:p:4
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    References listed on IDEAS

    as
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    More about this item

    Keywords

    state-owned enterprises; corporate governance; transparency; performance; auditor opinion.;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H41 - Public Economics - - Publicly Provided Goods - - - Public Goods
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation
    • C12 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Hypothesis Testing: General

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