Systemic Approach to Corporate Governance, in Order to Identify Significant Impact Elements on Growth Performance of Legal Entities

Luminita Cecilia Crenicean and Manoela Popescu ()
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Manoela Popescu: "Dimitrie Cantemir" Christian University

Knowledge Horizons - Economics, 2013, vol. 5, issue 2, 39-42

Abstract: In the context of the knowledge-based economy, the company is interested in the intrinsic value of the company, of its added value, on the development perspectives of how they can be met expectations of the interested: shareholders, employees, creditors, suppliers, customers, community, society, etc. It should be noted that high performance is directly proportional with harmonizing the interests of all interested. In this regard, experts agree that harmonization of all interested can be achieved through the system of corporate governance. Moreover, systemic approach of corporate governance emphasizes those elements of corporate governance with major implications for achieving high performance by legal entities. The study assumes that the legal entities that have different practices, structures and corporate governance codes can deal with the changes caused by the global economic crisis and also to the challenge of ensuring high performance, with implications in economic growth.

Keywords: Corporate governance; performance; body; system (search for similar items in EconPapers)
JEL-codes: G30 G34 L25 M14 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:khe:journl:v:5:y:2013:i:2:p:39-42

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