Hidroelectrica: A Case Study in Public Sector Governance During Crisis

This paper maintains its focus on examining Hidroelectrica, Romania's leading energy producer, as a case study to enhance understanding of governance dynamics in the public sector. Corporate governance has a significant role in ensuring sustainable development, resilience, and accountability...

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Main Authors: Ana-Maria-Lorena Iorgulescu, Alexandru Avram
Format: Article
Language:English
Published: Ovidius University Press 2025-02-01
Series:Ovidius University Annals: Economic Sciences Series
Subjects:
Online Access:https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/11.pdf
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author Ana-Maria-Lorena Iorgulescu
Alexandru Avram
author_facet Ana-Maria-Lorena Iorgulescu
Alexandru Avram
author_sort Ana-Maria-Lorena Iorgulescu
collection DOAJ
description This paper maintains its focus on examining Hidroelectrica, Romania's leading energy producer, as a case study to enhance understanding of governance dynamics in the public sector. Corporate governance has a significant role in ensuring sustainable development, resilience, and accountability. The study examines the company`s responses to three significant crises: the Great Recession, the insolvency from 2012, and the COVID-19 pandemic. Analyzing governance structures and financial indicators, the paper shows how robust frameworks contribute to adaptation and resilience. The paper also addresses challenges like gender diversity. The findings emphasize the importance of transparency, inclusivity, and proactive governance in achieving long-term stability and growth.
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issn 2393-3127
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publishDate 2025-02-01
publisher Ovidius University Press
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series Ovidius University Annals: Economic Sciences Series
spelling doaj-art-60f91bc9aed44f57b33ae46cb541fecc2025-08-20T03:05:07ZengOvidius University PressOvidius University Annals: Economic Sciences Series2393-31272025-02-01XXIV2194202Hidroelectrica: A Case Study in Public Sector Governance During Crisis Ana-Maria-Lorena Iorgulescu 0Alexandru Avram1West University of Timișoara, Faculty of Economics and Business Administration, RomaniaWest University of Timișoara, Faculty of Economics and Business Administration, RomaniaThis paper maintains its focus on examining Hidroelectrica, Romania's leading energy producer, as a case study to enhance understanding of governance dynamics in the public sector. Corporate governance has a significant role in ensuring sustainable development, resilience, and accountability. The study examines the company`s responses to three significant crises: the Great Recession, the insolvency from 2012, and the COVID-19 pandemic. Analyzing governance structures and financial indicators, the paper shows how robust frameworks contribute to adaptation and resilience. The paper also addresses challenges like gender diversity. The findings emphasize the importance of transparency, inclusivity, and proactive governance in achieving long-term stability and growth.https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/11.pdfcorporate governancecrisesfinancial indicatorsboard diversity
spellingShingle Ana-Maria-Lorena Iorgulescu
Alexandru Avram
Hidroelectrica: A Case Study in Public Sector Governance During Crisis
Ovidius University Annals: Economic Sciences Series
corporate governance
crises
financial indicators
board diversity
title Hidroelectrica: A Case Study in Public Sector Governance During Crisis
title_full Hidroelectrica: A Case Study in Public Sector Governance During Crisis
title_fullStr Hidroelectrica: A Case Study in Public Sector Governance During Crisis
title_full_unstemmed Hidroelectrica: A Case Study in Public Sector Governance During Crisis
title_short Hidroelectrica: A Case Study in Public Sector Governance During Crisis
title_sort hidroelectrica a case study in public sector governance during crisis
topic corporate governance
crises
financial indicators
board diversity
url https://stec.univ-ovidius.ro/html/anale/RO/2024i2/Section%203/11.pdf
work_keys_str_mv AT anamarialorenaiorgulescu hidroelectricaacasestudyinpublicsectorgovernanceduringcrisis
AT alexandruavram hidroelectricaacasestudyinpublicsectorgovernanceduringcrisis