A METHODOLOGY FOR MEASURING RESPONSIBLE CORPORATE GOVERNANCE IN COUNTRIES OF EMERGING EUROPE

Mariana Cristina Ganescu () and Andreea Daniela Gangone ()
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Mariana Cristina Ganescu: Constantin Brâncoveanu Universitaty of Piteºti, Romania
Andreea Daniela Gangone: Constantin Brâncoveanu Universitaty of Piteºti, Romania

The USV Annals of Economics and Public Administration, 2012, vol. 12, issue 2(16), 129-139

Abstract: This paper aims to create a methodology to measure responsible corporate governance with the help of an index composed of five sub-indexes, each corresponding to a certain dimension of responsible corporate governance. The research is based on a review of scholarly literature on responsible corporate governance and offers some guidelines for measuring corporate governance in developed and emerging countries. It also aims to determine a responsible corporate governance index based on the following dimensions: shareholders’ rights and equal treatment, relationships with stakeholders, responsibilities of the management team to monitor company objectives, corporate ethical behaviour and transparency, and the implementation of internal and external control systems. The methodology for determining the index of responsible corporate governance enables a ranking of emerging countries in Europe and can be used in any context.

Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:scm:usvaep:v:12:y:2012:i:2(16):p:129-139

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