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Transparency And Disclosure In European Corporate Governance Codes – Does Issuer Matter?

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  • Cristina Alexandrina Stefanescu

    (Babes Bolyai University)

Abstract

The purpose of our paper is to analyze corporate governance codes, currently in force in the European Union member states, in terms of disclosure and transparency compliance with the Organization for Economic Co-operation and Development requirements and recommendations by reference to various features related to codes’ issuers and other particular characteristics. The research methodology used for achieving our goal is based on econometric analysis using various statistical tools (descriptive statistic, correlations and regressions).The results of the performed analysis are consistent with prior research findings, revealing that the level of provisions related to disclosure and transparency stipulated in corporate governance codes are influenced by their issuer’ s type and diversity. Moreover, we identified other features of a code such as their length, a separate chapter dealing with disclosure and transparency and its length, or the frequency of using these words and their definition, whose influence proved to be the same.

Suggested Citation

  • Cristina Alexandrina Stefanescu, 2011. "Transparency And Disclosure In European Corporate Governance Codes – Does Issuer Matter?," Studies in Business and Economics, Lucian Blaga University of Sibiu, Faculty of Economic Sciences, vol. 6(1), pages 94-108, April.
    • Handle: RePEc:blg:journl:v:6:y:2011:i:1:p:94-108
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    File URL: http://eccsf.ulbsibiu.ro/RePEc/blg/journl/6110Stefanescu.pdf
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    References listed on IDEAS

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