Corporate Governance Challenges in a Transitional Economy. Case Study: Romania

Carata? Maria Alina () and Spãtariu Elena Cerasela ()
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Carata? Maria Alina: Bucharest University of Economic Studies
Spãtariu Elena Cerasela: Ovidius University of Economic Studies, Constan?a

Ovidius University Annals, Economic Sciences Series, 2014, vol. XIV, issue 1, 451-454

Abstract: The purpose of this research paper aims the study of actual corporate governance of the listed entities on the capital market. For the empirical study, we chose a segment of top banks in Romania, some of them being listed. On the research demarche we have proceeded to an analysis on the manner In this research approach, we undertook an analysis of the manner in which the principles of the OECD and other regulations relating to corporate governance are complied at the level of top banks in Romania. This paper reveals some gaps recorded in the law and in particular, in the implementation of corporate governance in the Romanian financial institutions. For that purpose, we have highlighted those parts of the regulations that require improvement in order to increase the effectiveness of corporate governance in the banks that operate in Romania

Keywords: corporate governance; regulation; organizational culture; compliance. (search for similar items in EconPapers)
JEL-codes: G30 G34 M40 M48 (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xiv:y:2014:i:1:p:451-454

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