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Corporate Governance Practices: Transparency and Disclosure –Evidence from Bucharest Stock Exchange

Monica Achim and Borlea Sorin Nicolae ()
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Borlea Sorin Nicolae: West Vasile Goldis University, Arad, Romania

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 57

Abstract: In Romania requirements of corporate governance occurred relatively recently compared to other European countries. The delay is explained by the slow steps taken on the political, legal, economical and social levels. However, the Romanian companies began to realize the need for corporate governance, especially in the context of voluntary corporate governance requests made by Bucharest Stock Exchange for listed companies. Our study consists in determining the degree of transparency and disclosure for the companies listed on the BSE as well as in drawing of analytical conclusions regarding the corporate governance practices in Romania, compared to other European countries.

Keywords: corporate governance; transparency and disclosure score; Bucharest Stock Exchange (search for similar items in EconPapers)
JEL-codes: M14 M21 (search for similar items in EconPapers)
Date: 2012
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