Corporate Governance Practices That Positively Influence Company’s Financial Performance

Gruian Claudiu-Marian ()
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Gruian Claudiu-Marian: West University of Timisoara Faculty of Economics and Business Administration

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 1, 890-895

Abstract: This study aims at comparing the efficiency of the main corporate governance practices utilized presently for stimulating the financial performance of listed companies. After analyzing the literature, including theoretical arguments and empirical research results, the study concludes that the dominant and most analyzed prerogatives of a financial performing company are: a reduced dimension of the board, a high proportion of outsider directors, a high ownership concentration, a shareholding management and an optimal indebtedness degree. Results also recommend an integrated approach to governance practices when analyzing their impact on financial performance.

Keywords: corporate governance; financial performance; board of directors (search for similar items in EconPapers)
JEL-codes: G30 G34 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:11:y:2011:i:1:p:890-895

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