Corporate Governance on Romanian Banking System – Empirical Study on Internet Reporting Transparency
Author:
Univ. Lecturer Cristina ŞTEFĂNESCU, Ph. D.
JEL:
M 10, G 30
DOI:
Keywords:
corporate governance, disclosure, website, banking system, Romania
Abstract:
Basing on the increasing importance of transparency in corporate governance mechanism, as a result of the latest corporate scandals and financial failures, which lead to the global crisis that spread all over the world the following research question arose: “Is there enough transparency in Romanian banking system? … If not – what should be done?” \r\nStarting from this question, the present study was aimed to provide a comprehensive image upon corporate governance disclosure provided by Romanian banking system through their websites, by performing both quantitative and qualitative analysis regarding transparency related to corporation, financial situation, ownership and governance, following OECD’s recommendations in this respect.\r\nIrrespective of prior studies, which were focused on similar goals, this study is related to the banking system, which was little explored on this topic before, thus giving the authors a chance to enrich the research literature with this empirical study, whose disclosure scorecard developed ensures it as well with originality.\r\n