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Corporate Governance, Research And Economic Growth In European Countries

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  • Iulia (ELENES) PLATONA

    (Department of Marketing and International Economic Relations, Faculty of Economics and Business Administration, West University of Timișoara, Timișoara, România)

Abstract

The german continental model of corporate governance is long term oriented satisfying the different interest of stakeholders-the state, the employees, the society in general and the anglo-saxon model is short term oriented to the purpose of creating value for the shareholders of the company. The research and development objective are corelated with the objective of german model of stakeholder value or of the objective of the anglo-saxon model of shareholder value. We use Eurostat data for European countries for regression analysis to find the relation between gross domestic product as measure of economic growth with the general expenditure for research and development for businness, goverment and academia. We analyse if fixed effects or random effects are more appropriate for our model. The regression analysis shows that the fixed effects model fitts better to our research model.

Suggested Citation

  • Iulia (ELENES) PLATONA, 2021. "Corporate Governance, Research And Economic Growth In European Countries," Annals of Faculty of Economics, University of Oradea, Faculty of Economics, vol. 30(2), pages 42-46, December.
    • Handle: RePEc:ora:journl:v:30:y:2021:i:2:p:42-46
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    File URL: http://anale.steconomiceuoradea.ro/volume/2021/n2/004.pdf
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    References listed on IDEAS

    as
    1. N. Gregory Mankiw & David Romer & David N. Weil, 1992. "A Contribution to the Empirics of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 107(2), pages 407-437.
    2. John, Kose & Senbet, Lemma W., 1998. "Corporate governance and board effectiveness1," Journal of Banking & Finance, Elsevier, vol. 22(4), pages 371-403, May.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate governance; research; economic growth;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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