Study on Investor Relations of Companies Applying the Principles of Corporate Governance in Romania
Author:
Univ. Lecturer Ciprian APOSTOL, Ph. D.
JEL:
G30, G32, G34, M42, M48
DOI:
Keywords:
corporate governance, investor relation, “Comply or Explain” Statement
Abstract:
The phenomenon known as "the new economy" led to multiple changes in recent decades and "drafted" a new reality where the old lifestyle and technical way for industrial production do not find their place. Microeconomic objective of the "new economy" is to maximize the global performance of companies. To achieve this, the adoption and compliance with the corporate governance principles is central activity of any company.\r\nEmphasizing of globalization phenomenon at the same time with increased competition on international markets has led to many changes in the economic-financial activity of companies worldwide and attracting new investors and strengthening relationships with existing ones is a major concern for corporate governance.\r\nThe aim of the research is to analyze the investor relations of companies listed on the Bucharest Stock Exchange and which apply the principles of corporate governance. The method used in author’s approach is the nonparticipating observation by recording certain information reported in the "Comply or Explain" Statement by each company in the sample selected, respectively listed companies on categories I, II and III. The study was conducted for the period 2011-2013.\r\n