CORPORATE GOVERNANCE MECHANISM PRACTICED BY ROMANIAN ENTITIES

Alina Madalina Belu, Cătălina Sitnikov and Anca Bandoi

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2021, vol. 15, issue 1, 712-721

Abstract: Corporate governance defines all the principles, rules and norms that ensure the administration and management by managers of entities, in the interest of current and potential investors; this interest is classic and the most common. In its context, managers are studied in relation to shareholders. Being a political report, in which there are other stakeholders, the governance acquires an extended interest. A distinct place is occupied in the case of managers and shareholders, creditors and employees, with their claims. Corporate governance has an important role to play in protecting shareholders 'interests as it supports maximizing the value of long-term ownership of the company, and in stimulating investors' attention to the company by making the company's activities and processes transparent and efficient as investors need accurate and quality information. The purpose of the research: to determine the way in which the managers of several entities in Romania perceive the main elements of corporate governance. Method: we resorted to the approach of a statistical-mathematical analysis of quantitative type, for data collection using the questionnaire as a research tool. Findings: pursuing the purpose of analyzing corporate governance, some ideas can be advanced and developed, such as the fact that corporate governance does not only involve supervision and stimulation in order to achieve performance, it must encourage experiments and the dissemination of advanced practices, make a decisive contribution not only in defending the interests of investors but also in ensuring social stability, encouraging mobility and qualitative growth of human capital, orderly development of production processes, close correlation with cultural values.

Keywords: corporate governance; employees; customers; providers (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://conferinta.management.ase.ro/archives/2021 ... 20IMC%202021/4_7.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:15:y:2021:i:1:p:712-721

DOI: 10.24818/IMC/2021/04.07

Access Statistics for this article

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE is currently edited by Ciocoiu Nadia Carmen

More articles in Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE from Faculty of Management, Academy of Economic Studies, Bucharest, Romania Contact information at EDIRC.
Bibliographic data for series maintained by Ciocoiu Nadia Carmen ().