CORPORATE GOVERNANCE SYSTEMS AND CONVERGENCE TENDENCIES

Anca-Simona Hromei
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Anca-Simona Hromei: Doctoral School of Economics and Business Administration; Alexandru Ioan Cuza University of Iași, Romania

SEA - Practical Application of Science, 2019, issue 21, 167-174

Abstract: Over time, the specialized literature has very clearly delimited the two main types of corporate governance systems, namely the “outsider” and the “insider” type, starting from the analysis of various internal and external factors. However, as the economic environment and financial markets evolve, the influence of several factors changes, and certain features of a system are increasingly found in companies previously included in a distinct governance system. This paper firstly aims to delineate the characteristics specific to each governance system, and secondly to present those reasons, factors and the characteristics that lead to the possible gradual convergence of the governance systems worldwide.

Keywords: Corporate governance; Convergence; Corporate governance systems; Corporate social responsibility; Market globalization (search for similar items in EconPapers)
JEL-codes: G34 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:cmj:seapas:y:2019:i:21:p:167-174

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