COMPARATIVE INTERNATIONAL PERSPECTIVES ON MARKET-ORIENTED MODELS OF CORPORATE GOVERNANCE

Feleaga Niculae, Dragomir Voicu, Feleaga Liliana and Balaciu Diana
Authors registered in the RePEc Author Service: Diana Elisabeta Matica (Balaciu)

Annals of Faculty of Economics, 2010, vol. 1, issue 1, 516-521

Abstract: The study of corporate governance requires not only the knowledge of economic, financial, managerial and sociological mechanisms and norms, but it must also incorporate an ethical dimension, while remaining aware of the demands of various stakeholders. The interest towards good governance practice is very present in the company laws of many countries. National differences may lead to specific attributes derived from the meaning that is given to the role of competition and market dispersion of capital. Based on a research consisting of a critical and comparative perspective, the present contribution is dominated by qualitative and mixed methods. In conclusion, it can be said that a market-oriented corporate governance model, though not part of the European Union’s convergence process, may very well respond to the increasing importance of investors’ rights and to the gradual evolution of corporate responsibilities, beyond the national context, with the aim of ensuring market liberalization.

Keywords: corporate governance; comparative approach; international evidence; United Kingdom; European Union convergence; financial markets; agency theory (search for similar items in EconPapers)
JEL-codes: G3 (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ora:journl:v:1:y:2010:i:1:p:516-521

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