Corporate Governance in Romania: Necessity or Bureaucracy?
Author:
Associate Prof. Iuliana IONESCU, Ph.D.; Cecilia DAMOC, Ph.D. Student; Roxana RUSU, Master Student
JEL:
G30, G34, M14, M40, M48
DOI:
Keywords:
corporate governance, ethical principles, Romania, control, financial reporting
Abstract:
The research conducted among professional accountants, and economists employed in various companies or owners of their own businesses describe their perception regarding the need of applying corporate governance code for listed companies so as for other companies, irrespective of their size, highlighting key factors responsible for playing an important role in the management of a company, not just for shareholders, but also for investors, creditors, suppliers and other participating parties.\r\nThe quantitative analysis performed emphasizes the importance of ethical principles imposed by the corporate governance code on transparency, financial reporting, control and risk management, both for listed companies and for other companies, irrespective of their size, the study being conducted on a sample of companies in Romania.\r\n\r\n