THE KNOWLEDGE OF THE LENIENCY POLICY AT THE LEVEL OF THE MANAGEMENT OF COMPANIES OPERATING IN ROMANIA

Andreea-Florina Fora, Liana-Eugenia Me?ter and Nicoleta Georgeta Bugnar

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2019, vol. 13, issue 1, 409-416

Abstract: At the level of the European Union, the defensive attitude adopted by the authorities when it comes to competition policy is very well known. The clearest proof is the existence of the leniency policy from the cartels legislation. In the EU, leniency is intensely used when we consider cartel investigations. On the other hand, in Romania, the situation is completely opposite, regarding leniency. Starting from this reality, we wanted to investigate the causes of this situation. We wish to find out why the management of companies operating on the territory of Romania doesn’t consider leniency when involved in a cartel. The research methodology of this paper consists of applying a questionnaire to companies operating in Romania. The questions of the questionnaire were designed in such a way that we can identify the reasons why the companies that operate in Romania are reluctant to use the leniency policy. The results of the study were surprising, most of the interviewed companies didn’t know that this leniency policy exists and after being explained how this policy works, all the companies stated that if they were in a cartel they would appeal to the leniency. The results of the present study allowed us to make a series of recommendations to the Romanian competition authorities regarding the way in which it makes known the leniency policy among the companies operating on the Romanian market.

Keywords: cartels; leniency; management decisions. (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:13:y:2019:i:1:p:409-416

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