Impact of Corporate Governance Framework on Economic Performance in European Union

Steinhauser Dušan () and Čukanová Miroslava ()
Additional contact information
Steinhauser Dušan: University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1,Bratislava, Slovakia
Čukanová Miroslava: University of Economics in Bratislava, Faculty of Commerce, Department of Services and Tourism, Dolnozemská cesta 1,Bratislava, Slovakia

Studia Commercialia Bratislavensia, 2018, vol. 11, issue 40, 236-246

Abstract: In the current post-crisis period, the implementation of Corporate Governance principles has proven to be important. The Organization of Economic Cooperation and Development considers failure of Corporate Governance as one of the causes of the latest financial and economic crisis. We assume that the higher quality of institutional environment point to higher performance of the economy. The aim of the paper is to quantify the implementation of Corporate Governance in the European Union through selected qualitative indicators and his impact on economies. We have verified that countries with better values of judicial independence, protection of property rights, corruption, minority investor protection, extent of conflict of interest and resolving insolvency have a higher value of gross domestic product per capita. The index of enforcing contracts was statistically insignificant.

Keywords: Corporate Governance; crisis; institutions (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
https://doi.org/10.2478/stcb-2018-0018 (text/html)

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:vrs:stcomb:v:11:y:2018:i:40:p:236-246:n:4

DOI: 10.2478/stcb-2018-0018

Access Statistics for this article

Studia Commercialia Bratislavensia is currently edited by Viera Kubičková

More articles in Studia Commercialia Bratislavensia from Sciendo
Bibliographic data for series maintained by Peter Golla ().