CORPORATE GOVERNANCE SYSTEMS AND CONVERGENCE TENDENCIES
CORPORATE GOVERNANCE SYSTEMS AND CONVERGENCE TENDENCIES
Author(s): Anca-Simona HromeiSubject(s): Social Sciences, Economy, Business Economy / Management, Communication studies, Sociology, Human Resources in Economy, Socio-Economic Research
Published by: Fundatia Română pentru Inteligenta Afacerii
Keywords: Corporate governance; Convergence; Corporate governance systems; Corporate social responsibility; Market globalization;
Summary/Abstract: Over time, the specialized literature has very clearly delimited the two main types of corporate governance systems, namely the “outsider” and the “insider” type, starting from the analysis of various internal and external factors. However, as the economic environment and financial markets evolve, the influence of several factors changes, and certain features of a system are increasingly found in companies previously included in a distinct governance system. This paper firstly aims to delineate the characteristics specific to each governance system, and secondly to present those reasons, factors and the characteristics that lead to the possible gradual convergence of the governance systems worldwide.
Journal: SEA – Practical Application of Science
- Issue Year: VII/2019
- Issue No: 21
- Page Range: 167-174
- Page Count: 7
- Language: English