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Elements of Corporate Governance Implementation in Romania, in the European Context

Author

Listed:
  • Mariana Man

    (University of Petroșani, Romania)

  • Maria Ciurea

    (University of Petroșani, Romania)

Abstract

Within the European Union, the economic crisis has hastened the awareness that an economy can grow through a unitary and coordinated action, both in legislation and in terms of recommendations and voluntary taking, all these being integrated in the concept of European economic governance, built according to the model of global governance. In Romania, the distribution of the Code of Corporate Governance is carried out by the Bucharest Stock Exchange, which provides information on the companies that have accepted to implement the code and which also monitors their implementation of the code. Complying with some principles of good corporate governance is in the interest of the economic organizations, enabling them to better manage their business and risks and to achieve the desired goals.

Suggested Citation

  • Mariana Man & Maria Ciurea, 2016. "Elements of Corporate Governance Implementation in Romania, in the European Context," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 151-166.
    • Handle: RePEc:pet:annals:v:16:y:2016:i:1:p:151-166
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    References listed on IDEAS

    as
    1. Mariana Man & Maria Ciurea, 2016. "Transparency of Accounting Information in Achieving Good Corporate Governance. True View and Fair Value," Social Sciences and Education Research Review, Department of Communication, Journalism and Education Sciences, University of Craiova, vol. 3(1), pages 41-62, May.
    2. Mariana Man & Maria Macris, 2015. "Integration Of Corporative Governance Into Organisation’S Social Responsibility System," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 11(2), pages 100-114, June.
    3. Melinda Timea Fülöp, 2013. "Correlation Analysis of the Audit Committee and Profitability Indicators," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 13(1), pages 139-148.
    4. Niculae FELEAGĂ & Liliana FELEAGĂ & Voicu Dan DRAGOMIR & Adrian Doru BIGIOI, 2011. "Corporate Governance in Emerging Economies: The Case of Romania," Theoretical and Applied Economics, Asociatia Generala a Economistilor din Romania / Editura Economica, vol. 0(9(562)), pages 5-16, September.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Ilie Răscolean & Ileana-Sorina Rakos, 2016. "Financial Audit in Romania According to the International and European Requirements," Annals of the University of Petrosani, Economics, University of Petrosani, Romania, vol. 16(1), pages 219-232.
    2. Ilie Răscolean & Ileana - Sorina Rakos, 2020. "Empirical Study on the Example of an Economic Entity in Romania About Financial Performance Indicators," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 484-492, December.

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    More about this item

    Keywords

    corporate governance; stock exchange; board of directors; audit committees; accounting standards;
    All these keywords.

    JEL classification:

    • M42 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - Auditing
    • G30 - Financial Economics - - Corporate Finance and Governance - - - General

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