VALUE CREATION THROUGH CORPORATE GOVERNANCE

Elena Chitimus ()
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Elena Chitimus: Alexandru Ioan Cuza University of Iasi, Romania

CES Working Papers, 2013, vol. 5(4), issue 4, 474-483

Abstract: Companies spend time and money in order to improve their corporate governance (CG) system and also do not forget to inform third parties about their efforts in this field. CG studies the separation of power at an entity level and the segregation of responsibilities between shareholders, management, and board of directors. As a mechanism CG helps to align management’s goals with those of the stakeholders in order to avoid conflict and to sustain and develop a healthy company. The objective of this article is to show how corporate governance is defined, what does it stands for and why it is important or maybe better said why companies give it so much importance.

Keywords: corporate governance; overall firm performance; financial scandals; codes of conduct Romania (search for similar items in EconPapers)
JEL-codes: F23 G30 G34 M48 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:jes:wpaper:y:2013:v:5:i:4:p:474-483

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