Corporate Governance for the Southeast Europe Banks

Spãtariu Elena Cerasela (), Epure Dãnuþ Tiberius () and Carataº Maria Alina ()
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Spãtariu Elena Cerasela: “Ovidius“ University of Constanta
Epure Dãnuþ Tiberius: “Ovidius“ University of Constanta
Carataº Maria Alina: The Bucharest University of Economic Studies

Ovidius University Annals, Economic Sciences Series, 2012, vol. XII, issue 3, 6

Abstract: Corporate governance weaknesses within the structure of the companies and banks led to the assuming of higher risks, offering unjustified incentives for managers, and board directors got the tendency to value short-term benefits despite on-going performances in the long run. The crisis arrived in the Southeast European Countries from the outside; it shaken the banking system, but the consequences were less intense than in the occidental countries. However, the crisis offered the opportunity to reconsider the importance given to the corporate governance, on regulations and sustainable banking system.

Keywords: corporate governance; banking system; crisis; regulation. (search for similar items in EconPapers)
JEL-codes: G01 G39 M14 (search for similar items in EconPapers)
Date: 2012
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