Hidroelectrica: A Case Study in Public Sector Governance During Crisis

Ana-Maria-Lorena Iorgulescu () and Alexandru Avram ()
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Ana-Maria-Lorena Iorgulescu: West University of Timișoara, Faculty of Economics and Business Administration, Romania
Alexandru Avram: West University of Timișoara, Faculty of Economics and Business Administration, Romania

Ovidius University Annals, Economic Sciences Series, 2024, vol. XXIV, issue 2, 194-202

Abstract: This paper maintains its focus on examining Hidroelectrica, Romania's leading energy producer, as a case study to enhance understanding of governance dynamics in the public sector. Corporate governance has a significant role in ensuring sustainable development, resilience, and accountability. The study examines the company`s responses to three significant crises: the Great Recession, the insolvency from 2012, and the COVID-19 pandemic. Analyzing governance structures and financial indicators, the paper shows how robust frameworks contribute to adaptation and resilience. The paper also addresses challenges like gender diversity. The findings emphasize the importance of transparency, inclusivity, and proactive governance in achieving long-term stability and growth.

Keywords: corporate governance; crises; financial indicators; board diversity (search for similar items in EconPapers)
JEL-codes: G3 H12 (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:ovi:oviste:v:xxiv:y:2024:i:2:p:194-202

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