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Minority Shareholders’ Protection: the Romanian Experience

Victor Dragotă (), Anamaria Ciobanu (), Delia Catarama (), Andreea Semenescu () and Carmen Maria Lacatus (Constantinescu) ()

Theoretical and Applied Economics, 2009, vol. 02(531), issue 02(531), 35-48

Abstract: This paper performs an analysis of the regulation regarding minority shareholders protection in Romania. The paper estimates the level for minority shareholders protection based on the Pistor, Raiser and Gelfer (2000) index during the period 1996-2008. This index improved from 13 (January 1996) to 17.25 (March 2008) having a maximum value of 17.75 during May 2002- November 2006.

Keywords: corporate governance; minority shareholders protection; Romania. (search for similar items in EconPapers)
Date: 2009
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Handle: RePEc:agr:journl:v:02(531):y:2009:i:02(531):p:35-48