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The Impact of Corporate Governance Mechanism over Financial Performance: Evidence from Romania

Sustainability, 2021-10, Vol.13 (19), p.10494 [Peer Reviewed Journal]

2021 by the authors. Licensee MDPI, Basel, Switzerland. This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license (https://creativecommons.org/licenses/by/4.0/). Notwithstanding the ProQuest Terms and Conditions, you may use this content in accordance with the terms of the License. ;ISSN: 2071-1050 ;EISSN: 2071-1050 ;DOI: 10.3390/su131910494

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  • Title:
    The Impact of Corporate Governance Mechanism over Financial Performance: Evidence from Romania
  • Author: Dănescu, Tatiana ; Spătăcean, Ioan-Ovidiu ; Popa, Maria-Alexandra ; Sîrbu, Carmen-Gabriela
  • Subjects: Boards of directors ; Context ; Corporate governance ; Developing countries ; Emerging markets ; Financial reporting ; Globalization ; Investments ; LDCs ; Organizational aspects ; Stock exchanges ; Sustainability
  • Is Part Of: Sustainability, 2021-10, Vol.13 (19), p.10494
  • Description: 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.
  • Publisher: Basel: MDPI AG
  • Language: English
  • Identifier: ISSN: 2071-1050
    EISSN: 2071-1050
    DOI: 10.3390/su131910494
  • Source: Geneva Foundation Free Medical Journals at publisher websites
    ROAD: Directory of Open Access Scholarly Resources
    ProQuest Central

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