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The Quality Of Corporate Governance In Romania

Author

Listed:
  • Alina HAGIU

    (University of Pitesti, Romania)

  • Marinela BÃRBULESCU

    (University of Pitesti, Romania)

Abstract

Corporate governance in Romania is primarily regulated by the Financial Supervisory Authority (ASF) and the National Securities Commission (CNVM). The legal framework includes the Corporate Governance Code, which provides guidelines for listed companies. Romania has made efforts to align its corporate governance practices with international standards, emphasizing transparency, accountability, and shareholder rights. In this paper we aim to realize an analysis of the corporate governance in Romania in the present context. We will present a short literature review, the overview of the main corporate governance models, the characteristics of corporate governance environment in Romania and the challenges faced by Romanian companies in this field in order to determinate the quality of the corporate governance in Romania.

Suggested Citation

  • Alina HAGIU & Marinela BÃRBULESCU, 2022. "The Quality Of Corporate Governance In Romania," Scientific Bulletin - Economic Sciences, University of Pitesti, vol. 21(3), pages 97-106.
    • Handle: RePEc:pts:journl:y:2022:i:3:p:97-106
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    References listed on IDEAS

    as
    1. Ruizhe Wang & Shan Zhou & Timothy Wang, 2020. "Corporate Governance, Integrated Reporting and the Use of Credibility-enhancing Mechanisms on Integrated Reports," European Accounting Review, Taylor & Francis Journals, vol. 29(4), pages 631-663, July.
    2. Charl de Villiers & Ruth Dimes, 2021. "Determinants, mechanisms and consequences of corporate governance reporting: a research framework," Journal of Management & Governance, Springer;Accademia Italiana di Economia Aziendale (AIDEA), vol. 25(1), pages 7-26, March.
    3. Mohamad Iruwan Ghuslan & Romlah Jaffar & Norman Mohd Saleh & Mohd Hasimi Yaacob, 2021. "Corporate Governance and Corporate Reputation: The Role of Environmental and Social Reporting Quality," Sustainability, MDPI, vol. 13(18), pages 1-24, September.
    4. Adrian Blundell-Wignall & Patrick Slovik, 2011. "A Market Perspective on the European Sovereign Debt and Banking Crisis," OECD Journal: Financial Market Trends, OECD Publishing, vol. 2010(2), pages 9-36.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    corporate governance; quality; business environment; performance;
    All these keywords.

    JEL classification:

    • G30 - Financial Economics - - Corporate Finance and Governance - - - General
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation

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