PERFORMANCE EVALUATION IN ADMINISTRATION AND MANAGEMENT OF PUBLIC ENTERPRISES IN ACCORDANCE WITH THE CORPORATE GOVERNANCE’S PRINCIPLES

Mihai Cioc and URSÃCESCU Minodora
Authors registered in the RePEc Author Service: Minodora Ursacescu

Proceedings of the INTERNATIONAL MANAGEMENT CONFERENCE, 2012, vol. 6, issue 1, 387-397

Abstract: The specific constraints known by the public sector, especially in the last two decades, raise a series of questions, not only from the perspective of the State’s capacity to exercise its shareholder role, but also from the one of the public enterprises’ capacity to obtain performance. Their restructuring aims the mechanisms’ implementation of the corporate governance and the governance regimen’s harmonization in report with the international norms in the public European enterprises’ domain, as well as with the national legislative frame. The entrance into force in 2011 of the normative act issued by the Romanian Government regarding the corporate governance of the public enterprises assess the regulations in the sphere of the processes and of the management and administration relationships, thus creating premises for the public sector’s functioning in terms of performance. This study begins from the hypothesis according to which, the governance system’s effectiveness of a public operator generates performance differences in its administration and management. The paper’s purpose is to examine the corporate governance’s effects on the performances of the public enterprises in Romania, focusing on the performance’s evaluation in the administration and management, by means of two strategic documents: the Administration Plan and the Management Plan.

Keywords: Administration Plan; Corporate governance; Management Plan; Public enterprise; Key performance indicator. (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rom:mancon:v:6:y:2012:i:1:p:387-397

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