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Gabriela Sandu and Carmen Luiza Costuleanu
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Carmen Luiza Costuleanu: University “Petre Andrei” from Iasi Faculty of Economics Iasi, Romania

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 3, issue 39, 134-137

Abstract: Romanian companies were privatized listed in the table, forming a highly dispersed ownership, free of activism in managing companies and the emergence of a powerful group of majority shareholders. These companies are controlled by managers and employees or shareholders at the expense of minority shareholders' interests and other social partners, in violation of their rights, which led to lower their property by shareholders. The corporate governance of listed companies makes the decisive financial and economic performance of the current and future. Therefore, the quality of administration and management is a key variable for assessing non-financial performance of companies listed on global stock market.

Keywords: Non-financial performance; Accounting; Financial statements; Social responsability; Corporate governance (search for similar items in EconPapers)
JEL-codes: M49 M14 (search for similar items in EconPapers)
Date: 2011
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Handle: RePEc:aio:aucsse:v:3:y:2011:i:39:p:134-137