@article{deliu2020key,
  title = {Key Corporate Governance Features within Romanian Banks Listed on Bucharest Stock Exchange:  A Thorough Scrutiny and Assessment},
  author = {Delia DELIU},
  year = 2020,
  url = {https://ibimapublishing.com/articles/JEERBE/2020/271202/},
  journal = {Journal of Eastern Europe Research in Business and Economics},
  volume = 2020,
  pages = 10,
  doi = DOI: 10.5171/2020.271202,
  abstract = {High standards and principles in the governance of companies and banks are indispensable for emerging markets and economic growth; banks have a critical position in economies’ progress, due to their major role in running the financial system. Moreover, banking industry is distinctive since it is concurrently consolidating and diversifying. Therefore, robust bank corporate governance is, indeed, an essential constituent for promoting a more resilient financial system. Previous literature analysis highpoints the repercussions of banks’ specific traits on their corporate governance framework, stressing two foremost aspects: higher opaqueness and imperviousness, and higher regulation, respectively. In this context, our research aims to measure bank corporate governance in Romania, by assessing the corporate governance quality and effectiveness in the main Romanian banks. Evaluating corporate governance eminence is constructed on its own determined score of disclosure and transparency practices, the sample consisting in the 4 Romanian banks currently listed on Bucharest Stock Exchange is: Banca Transilvania, BRD, Erste Group and Patria Bank. This was performed by appraising the importance level given to corporate governance principles, after a brief monitoring and dissemination of information regarding transparency and disclosure practices of the banks in the selected sample. By using the score function model, the research seeks to categorize to what degree concepts and principles of corporate governance are spread.  Moreover, the paper seeks to give emphasis to the current state of corporate governance in Romanian regulatory framework and the quality of corporate governance culture in Romanian banks that are listed on Bucharest Stock Exchange (BSE). In this respect, we performed an investigation of the mode in which the principles enforced by the Organisation for Economic Co-operation and Development (and other governance regulations) are respected in four top Romanian banks.  Another objective of our paper finds its correspondence in providing a comprehensive synopsis of potential influence that the key players of corporate governance (board of directors, executive management, auditor and shareholders) might have on banks’ performance. We consider our goal important due to the growing number of governance failures and corporate scandals affecting banking environment, which gave rise to the last financial crisis and made the corporate governance a controversial subject. In this framework, we reached valuable conclusions regarding a satisfactory compliance level with corporate governance requirements regarding Romanian banks that are listed on BSE. In this sense, the research emphasized, to some degree, a high level of adoption of the best practice doctrines, in comparison with smaller banks in Romania.”
JEL Classification: G21, G34, M21.
 },
  keywords = {Corporate Governance, Sustainability, Disclosure, Transparency, Bucharest Stock Exchange Code, Banks.},
  note = Article ID: 271202
}