Macro-Level Determinants of Board Effectiveness in UK and Romanian Listed Companies: A Conceptual Approach

Peter Jansen and Gabriel Viorel Raita
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Peter Jansen: London School of Business and Finance
Gabriel Viorel Raita: “Babeş-Bolyai” University of Cluj-Napoca

CECCAR Business Review, 2021, vol. 2, issue 10, 60-72

Abstract: This descriptive and exploratory study aims to analyse and compare the macro-level determinants of board effectiveness of listed companies for two European countries, the UK and Romania. The main focus is on the relationships between national culture and legal-institutional factors (macro-determinants) and how they might affect board effectiveness in both countries. By investigating the moderating effect of macro-level determinants on board effectiveness, this research contributes to the small number of cross-border studies on board effectiveness in this area. The cross-national context of this study is also relevant against the background of the increasing internationalization of boards. This implies that the understanding of macro-determinants and their effect on board processes becomes increasingly important for boards, and especially chairs, to take into consideration.

Keywords: corporate governance; board effectiveness; UK and Romania; legal-institutional factors; financial-economic factors; national culture (search for similar items in EconPapers)
JEL-codes: G34 M40 (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:ahd:journl:v:2:y:2021:i:10:p:60-72

DOI: 10.37945/cbr.2021.10.08

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