The Impact of Corporate Governance Mechanism over Financial Performance: Evidence from Romania
| Autor: | Maria-Alexandra Popa, Carmen-Gabriela Sirbu, Tatiana Dănescu, Ioan-Ovidiu Spatacean |
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| Rok vydání: | 2021 |
| Předmět: |
corporate governance
Geography Planning and Development TJ807-830 Organizational culture OLS Accounting Context (language use) Management Monitoring Policy and Law TD194-195 Renewable energy sources financial performance Globalization Stock exchange GE1-350 transparency emerging markets Environmental effects of industries and plants Renewable Energy Sustainability and the Environment Earnings per share business.industry Corporate governance Building and Construction Intellectual capital Environmental sciences Internationalization board of directors effectiveness Bucharest Stock Exchange (BSE) business sustainable financial reports |
| Zdroj: | Sustainability, Vol 13, Iss 10494, p 10494 (2021) Sustainability Volume 13 Issue 19 |
| ISSN: | 2071-1050 |
| DOI: | 10.3390/su131910494 |
| Popis: | In the context of the globalization and internationalization of economies, to efficiently attract financial and intellectual capital that is necessary for business sustainability, the mechanisms of corporate governance have to be based on gaining the trust of all the interested parties. These objectives require an organizational culture and a climate which is based on correctness, responsibility, transparency, and efficiency, in which ethical principles govern the spread of behaviors in the entire entity. This research identifies the relation between the corporate governance and the entities’ financial performance using the specific context of Romania. The findings of this study reveal new insights on the corporate governance and financial performance based on a sample of companies listed on the Bucharest Stock Exchange. The results show a positive correlation between the net accounting results, earnings per share, and the duality of the CEO, and a negative correlation between price per share and the duality of the CEO. |
| Databáze: | OpenAIRE |
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