Corporate Governance – Key Factor To Enhance Performance

Mirela-Oana Pintea () and Melinda-Timea Fulop ()

Knowledge Horizons - Economics, 2015, vol. 7, issue 4, 9–14

Abstract: Corporate governance is a topic of great interest in the current economic climate being widely debated in scientific economic papers and can be defined as the system by which companies are directed and controlled, but also can be seen as the relationships between companies and their stakeholders. In correlation to firm performance, corporate governance assures the framework in defining the firm objectives and the means by which these can be achieved, also assuring the monitoring of obtained results. The issue raised by both practitioners and academicians is whether corporate governance can really enhance performance, this being more highlighted in the current development of economy. Globalization requires new standards of performance that exceeds the economic field, both for domestic companies as well as international ones. So, these standards should be integrated into corporate strategy development to ensure sustainability of activities undertaken by harmonizing the economic, social and environmental objectives.

Keywords: Corporate governance; firm performance; corporate social responsibility; corporate governance index (search for similar items in EconPapers)
Date: 2015
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