Role of Corporate Governance in the Context of Globalization

  • Bogdan Mârza
  • Alina Mărcuţă
  • Liviu Mărcuţă
Conference paper
Part of the Springer Proceedings in Business and Economics book series (SPBE)

Abstract

The globalization process, although criticized, is constantly growing, contributing to the internationalization of activities performed by companies and to the internationalization of markets. This also resulted in the occurrence of important changes regarding the operation and functioning of organizations, as well as regarding the operating mode of governments that have to adopt their policies to a changing market. In addition, the corporate governance, besides the ethical principles it observes, and the social responsibility also use rules and procedures aimed to increase the value of the company. Moreover, the emergence of the economic crisis showed that accounting frauds are a result of the lack of control or of control deficiencies, and that is why the corporate governance is even more important. This paper intends to analyze the different systems of corporate governance and to highlight the difficulties the companies are facing as a result of their adapting to the globalization system.

Keywords

Accounting Globalization Corporate governance Investors Shareholders 

References

  1. Bulata, D.: Corporate governance and economic crisis. Economia Online. http://economiaonline.ro/guvernanta-corporativa-si-criza-financiara/ (2014). Accessed 30 Sept 2016
  2. Feleagă, N., Feleagă, L., Dragomir, V., Bigioi, A.: Corporate governance in emerging economies: the case of Romania. Theor. Appl. Econ. 9(562), 3–15 (2011)Google Scholar
  3. Fulop, M.T., Pintea, M.O.: The link between corporate governance and performance. Evidence from Romania. Manag. Intercult. 33, 81–90 (2015)Google Scholar
  4. Răileanu, A., Dobroţeanu, C., Dobroţeanu, L.: Current issues regarding the measurement of corporate governance level in Romania. Financ. Audit. 1, 11–15 (2011)Google Scholar
  5. Vasile, C.M.: Managerial Authority and a New Model of Corporate Governance Applicable to Romanian Enterprises, Ph.D. Thesis, the Bucharest University of Economic Studies (2009)Google Scholar

Copyright information

© Springer International Publishing AG 2018

Authors and Affiliations

  • Bogdan Mârza
    • 1
  • Alina Mărcuţă
    • 2
  • Liviu Mărcuţă
    • 2
  1. 1.Lucian Blaga University of SibiuSibiuRomania
  2. 2.University of Agronomic Science and Veterinary Medicine BucharestBucharestRomania

Personalised recommendations