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Corporate Governance Quality in Selected Transition Countries

Author

Listed:
  • Danila Djokic

    (University of Primorska, Slovenia)

  • Mojca Duh

    (University of Maribor, Slovenia)

Abstract

Important questions that concern the notion of good corporate governance focus on what good corporate governance is, who benefits from good corporate governance, and how corporate governance quality can be measured. The aim of our study was to broaden our understanding of the role of standards and codes of good corporate governance in improving governance practices.We found that not only formal regulations, standards, and governance codes, but also corporate governance indices-which make the assessment of companies’ governance practices possible-are important in measuring and improving governance quality. The results of the research based on the SEECGAN Index methodology indicated that mandatory requirements and voluntary recommendations of high governance standards had a positive impact on the corporate governance practice in Slovenia.

Suggested Citation

  • Danila Djokic & Mojca Duh, 2016. "Corporate Governance Quality in Selected Transition Countries," Managing Global Transitions, University of Primorska, Faculty of Management Koper, vol. 14(4 (Winter), pages 335-350.
    • Handle: RePEc:mgt:youmgt:v:14:y:2016:i:4:p:335-350
    as

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    File URL: http://www.fm-kp.si/zalozba/ISSN/1581-6311/14_335-350.pdf
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    References listed on IDEAS

    as
    1. Martynova, M. & Renneboog, L.D.R., 2010. "A Corporate Governance Index : Convergence and Diversity of National Corporate Governance Regulations," Other publications TiSEM c3bd139b-65d2-4fa9-ac4f-6, Tilburg University, School of Economics and Management.
    2. Bhagat, Sanjai & Bolton, Brian, 2008. "Corporate governance and firm performance," Journal of Corporate Finance, Elsevier, vol. 14(3), pages 257-273, June.
    3. Healy, Paul M. & Palepu, Krishna G., 2001. "Information asymmetry, corporate disclosure, and the capital markets: A review of the empirical disclosure literature," Journal of Accounting and Economics, Elsevier, vol. 31(1-3), pages 405-440, September.
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    More about this item

    Keywords

    corporate governance; index; quality; transition country;
    All these keywords.

    JEL classification:

    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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