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Value Creation Through Corporate Governance

Author

Listed:
  • Elena Chitimus

    (Alexandru Ioan Cuza University of Iasi, Romania)

Abstract

Companies spend time and money in order to improve their corporate governance (CG) system and also do not forget to inform third parties about their efforts in this field. CG studies the separation of power at an entity level and the segregation of responsibilities between shareholders, management, and board of directors. As a mechanism CG helps to align management’s goals with those of the stakeholders in order to avoid conflict and to sustain and develop a healthy company. The objective of this article is to show how corporate governance is defined, what does it stands for and why it is important or maybe better said why companies give it so much importance.

Suggested Citation

  • Elena Chitimus, 2013. "Value Creation Through Corporate Governance," CES Working Papers, Centre for European Studies, Alexandru Ioan Cuza University, vol. 5(4), pages 474-483, December.
    • Handle: RePEc:jes:wpaper:y:2013:v:5:i:4:p:474-483
    as

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    File URL: http://www.ceswp.uaic.ro/articles/CESWP2013_V4_CHT.pdf
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    References listed on IDEAS

    as
    1. Shleifer, Andrei & Vishny, Robert W, 1997. "A Survey of Corporate Governance," Journal of Finance, American Finance Association, vol. 52(2), pages 737-783, June.
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    More about this item

    Keywords

    corporate governance; overall firm performance; financial scandals; codes of conduct Romania;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • M48 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Government Policy and Regulation

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